1997 Toyota Celica White Exhaust - condensation?

I recently picked this car up, and I noticed on some mornings when I first start the car, a small cloud of white exhaust smoke that isn't very thick, and lasts maybe 3-5 seconds. The car hasn't gotten hot or overheated, the temperature has stayed normal, the oil level is fine, there are no weird smells, and the only time I see the smoke is when I start the car for the first time in the day. Everything seems fine the rest of the time, as I don't notice anything unusual while driving, or starting it again later in the day. Just when I fire the car up for the first time in the day.

I was thinking it might just be condensation from water that accumulates on the exhaust overnight, but is that normal during the summer? The low temps overnight drop to around mid 50's, but the days are fairly warm. Please, someone let me know if I should be concerned, thanks!