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Coming Out of Our Real Estate Downturn in San Francisco, CA!

February 14, 2012

Decreasing Supply of Real Estate Inventory in San Francisco

San Francisco Real Estate Inventory

"Economic forecasters attempt to predict the housing market based on unemployment, the fed, or consumer confidence. However, there's another highly relevant indicator that is frequently overlooked: real estate development activity. Lately, these experienced players are growing more active again. Land sales are up, and developers are busy securing plans and permits.

Nationally, we gain about one million new households each year. If developers don't start building again soon, we will be faced with a shortage of available property. Locally, Realtors are already complaining about a short supply, which could be a game-changer this spring. A key measure of demand is Months Supply of Inventory (MSI), a figure which estimates the number of months required to clear the current inventory at the current rate of sales. As the graph to the right indicates, the MSI has been steadily dropping - a good sign for homeowners and a heads-up for homebuyers. The time for fence-sitting may be coming to an end."

Read this article and more in Zephyr's Winter 2012 Quarterly Newsletter.

Enjoy!

 

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View Full Street Address SAN FRANCISCO, CA 94114 (415) 528-7355 ©2012 VIVRE REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED AND SHOULD BE INDEPENDENTLY REVIEWED AND VERIFIED.
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