The Real Estate Report December/January – How Will the New 3.8% Investment Tax Affect Real Estate

December/January local market trends San Francisco: How Will the New 3.8% Investment Tax Affect Real Estate by AMSI’s Real Estate Broker Robb Fleischer

View previous Real Estate Reports by Robb Fleischer

The Real Estate Report November/December – Facebook Employees Get Vested and Market Rate Outlook

Facebook Employees Get Vested

October 31st was the first day Facebook employees could sell their stock. Not surprisingly, stock volume was almost double the 13-week moving average. Read More…

The Real Estate Report October/November – Price Surge in the Making? and Mortgage Rate Outlook

Local Market Trends San Francisco

The Real Estate Report October/November – Price Surge in the Making? and Mortgage Rate Outlook by AMSI’s CEO, CFO and Broker Robb Fleischer

The Real Estate Report September/October – The Road To Recovery Will Be Full of Fits & Starts and Mortgage Rate Outlook

The Real Estate Report August/September – As the Market Turns and Mortgage Rate Outlook

Local Market Trends – Lack of Inventory Besets Market

By Robb Fleischer

Lack of Inventory Besets Market

Low inventory is taking a toll on buyers’ patience. With the limited number of properties for sale in San Francisco, multiple offers are becoming the norm. The problem is only one party can buy a property.

On the last day of May, there were 804 homes and condos for sale. That was down from 870 in April and down from 1,529 in May 2011.

Last month there were 493 properties sold. That equates to 1.6 months of supply on the market. In a balanced market, we would have a 5-6 months supply of inventory.

As we mentioned last month, the phantom inventory that was the rage last year just evaporated. Banks own a total of 632 properties in San Francisco. Even assuming none of them are already in escrow, it is still only 1.3 months of supply.

Continue reading here http://rereport.com/sdc/print/RobbFleischerSF.pdf