Gilmartin Group - Bay Area Real Estate Experts

Gilmartin Group - Bay Area Real Estate Experts header image 1

Beyond the Minute - Episode 34 (12-6-19) Will the Holiday timing/ December affect the market Negatively or Positively ?

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is DOWN to 205. Inventory is way low and year over year lower than last year for this time of year going into the holidays. The market is operating on a 3-4 week market which still is showing a strong market however it is important to pay attention to homes that have been sitting. Dan and Tim go into strategy to show buyers and sellers to pay attention to Original List price and those homes that are reducing price. They have a few great examples of sales as well in "That Sold for What?" dont miss this episode! Also very important information about the new CA Rent Control laws and how it affects homeowners.

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Beyond the Minute - Episode 33, SURPRISE! This market is trending positively!

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up to 316, the market continues to surprise us. We have not reached the peak again, and inventory continues to drop, although that can be an indication of the holidays coming along, it is also showing the strength of the market. Both Tim and Dan believe the market is trending in a positive direction, but January is goin to be a true indication of where the 2020 market will head. There are specific comparisons to where the market was last year to where it is this year! Also do not miss "Tales from the Street" and "That sold for what!?"

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Beyond the Minute- Episode 32, is it just us, or is everyone asking “how is the market?”

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up to 336, the inventory continues to rise, yet stay below the 2018 peak of 344. Tim and Dan again analyze the numbers, and the growth in inventory and its effect on the market. Also both have been asked by clients and folks constantly of "how is the marke?" with concerns we could head towards a recession again. Listen to Tim's response and how he compares the current market to the previous recession. The real estate value has been increasing for 7-8 years and Tim thinks we could continue to have a strong market for another year or 2. Both agree it is a great time to buy right now! 

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Beyond the Minute- Episode 31, inventory has peaked, 2 weeks in a row!

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up to 330! We have now hit the new peaks of 2019 twice, two weeks in a row inventory has been on the rise, what does this pose for the remainder of the year ? However we are still under the 2018 peak which was 344 for reference. We are seeing more sales happen coinciding with the high inventory which is showing a healthy market, if the sales begin to dip is where we see a change in market. The market was not on "vacation" as we posed before. The list price and sales price ratio is holding strong at 100% however in the past 18 months we have been used to see 103-104%. When inventory after labor day exceeds the peak of June/July means we might see a slower finish than usual, meaning we might see the squishy market happen again. Listen to the episode to hear the examples in our segments "That Sold for What?!" 

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Get on the mailing list to get notified when a new episode is released: http://eepurl.com/cmAfCX

Beyond the Minute - Episode 30, Post Labor Day Inventory Surge, what does this mean for the rest of the year?

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up to 290! We had 68 Single Family homes come onto the market in ONE WEEK, that is the largest amount of homes to enter the market in one week for the entire year. The market was not totally on vacation there were still over 50 sales as well as homes selling 100% of list price to sales price. Tim analyzed since 2015 if you put the inventory before labor day to after labor day in those 5 years, this year we had a 25% bump in inventory. Will we exceed the annual peak number that was set this summer at 313? Last year we did exceed in October which caused the market to change for a few months, it is important we really track what happens supply vs. demand and stay below the current peak marker. In that sold for what Dan and Tim go over a home in North Shoreview San Mateo, great location for access to Occulus the new Facebook office space.  The home he goes over sells for almost 300K over asking. Listen to find out why Shoreview of San Mateo is a good place to invest. 2007 was the last markable peak, and homes today are DOUBLE what they were. Dive into the podcast to hear all the details ! 

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Get on the mailing list to get notified when a new episode is released: http://eepurl.com/cmAfCX

Beyond the Minute - Episode 29 (8-23-19) The market has been on Vacation, lets see where it goes after Labor Day

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up to 278 down again! We have not reached the peak of 2019 again since the first and only time that point was reached. The market has been on "vacation" for the last month and now with school back in session and folks back in town, it is crucial to watch where the market will go post labor day onwards to Thanksgiving. These markers in the year indicate through inventory how Q1 of next year will shape up. There have been less home sales and longer days on market, however the homes on the market have sold still at 100% of List Price to Sales Price. Dan does bring up in "that sold for what" a great example of a home that came on the market during this "squishy" time and managed to obtain over 300K of asking price. Tune in to learn more about how that home achieved that! 

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Get on the mailing list to get notified when a new episode is released: http://eepurl.com/cmAfCX

Beyond the Minute- Episode 28, Is it the dog days of summer?! Guest Hosts Ali Gilmartin Davis, Katie Gerhardt and Paul Beaudreau

*Special Guest Host Episode!*

Hosted by Ali Gilmartin Davis, Katie Gerhardt and Paul Beaudreau

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is down to 263! As we near the end of summer we have to ask ourselves if we are in the "dog days of summer" and the market is a bit quieter than usual, or is this going to be a trend that continues on for the rest of the year? Ali, Paul and Katie take their perspective on the current inventory of the market and where they think the market is headed for the rest of the year. Paul breaks down a few properties that aren interesting that have been sitting, and Katie goes into some advice for her buyers right now and if you are motivated how to take advantage of some opportunities. With Dan and Tim out on much deserved vacations, their younger associates of the office jump on the mic to give their perspective! Leave a comment to let us know how you liked the episode! 

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Get on the mailing list to get notified when a new episode is released: http://eepurl.com/cmAfCX

Beyond the Minute- Episode 27, It’s the middle of Summer, how does that affect inventory?

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up to 301. Inventory has been on the rise again, however we still have not reached the peak of 2019 again which stays at 313. Tim is out this week on vacation, Dan dives into the inventory analysis solo, with some segments from Tales from the Street and That Sold for What?! The market seems to be on the right pace for the right timing, however sellers have to be very keen about their pricing as well as doing the right things to prepare their home to come on the market. 

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Get on the mailing list to get notified when a new episode is released: http://eepurl.com/cmAfCX

Beyond the Minute, Episode 26: Is this really a strange market? Listen to hear how unit sales are down, but the median price is up!

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is down on a Holiday week to 259!! That is two weeks in a row with inventory going down. Dan and Tim analyze how real estate agents themselves out on tour have noted that this market seems "strange." However from a numbers perspective this is still a tight inventory strong seller's market. The perspective of "strange" must be coming from the fact that when looking at the overall year over year sales, the amount of units sold is down, however the median price is significantly up! It would make sense that agents are noticing things are different because their sales volume may be lower from 2018 to 2019 because LESS homes have sold. July is showing huge opportunities to buyers that are are still home and shopping and not out of town. Should a new seller wait till August after school starts? Not necessarily! The conversation between agents and buyers themselves is not congruent which seems to be one of the most interesting parts of what is driving the feeling of a strange market place.

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Get on the mailing list to get notified when a new episode is released: http://eepurl.com/cmAfCX

Beyond the Minute- Episode 25, Holiday week, are you shopping for property?

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is down on a Holiday week to 296! As we are entering the second half of the year it is interesting to see the inventory go down, however it is also a holiday week with the 4th of July on Thursday of this week. Tim and Dan note that while some agents might think the market is "funky" its a reflection of the market somewhat normalizing since it has been on fire for the last 5-6 years. Properties are still selling in an under 5 week market, and as they point out in "That sold for what!?" there are still properties receiving 200-300 thousand over asking! The average property is selling for 103% over asking price, this would reflect a very healthy market even if some homes are taking a little longer to sell then they had before. With jobs continuing to be created and kept in the bay area and interest rates reaching a new low, the market doesn't seem to be shifting in the near future. The second half of the year is "investors" time of the year, please reach out to Dan or Tim to sign up for Tims investors webinar/ episode! 

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Get on the mailing list to get notified when a new episode is released: http://eepurl.com/cmAfCX