So Cal Multifamily Sales Pulse -June 18, 2023 - June 24, 2023

Disclaimer: All information contained herein is obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only. We make no claim(s) as to the accuracy or reliability of the information presented. If you wish for us to analyze your specific property or situation please feel free to call or email us anytime.


Here's What's Happening In The Market, Here’s What This Means For You

Is A Housing Price Crash On The Horizon? Real Estate Economists In Orange County Register Say It’s Highly Unlikely https://link.socalmultifamilybroker.com/EUJy

Redfin: Nearly 40% Fewer Homes For Sale Now Versus The Pre-Pandemic Period https://link.socalmultifamilybroker.com/EVT9

Happy Days Are Here Again: Builder Confidence Rises In Positive Territory https://link.socalmultifamilybroker.com/EWWA

CRE Transactions Have Crashed 70% Year Over Year https://link.socalmultifamilybroker.com/EWWf

The New York Fed's Economic Forecast Gets a Lot Brighter https://link.socalmultifamilybroker.com/EXeO

There Are a Few Caveats to the Rising Builder Confidence https://link.socalmultifamilybroker.com/EXfF

U.S. Single-Family Rent Growth Continues to Slow While BTR Demand Flourishes https://link.socalmultifamilybroker.com/EXv-

California Home Sales Up In May https://link.socalmultifamilybroker.com/EXw0

These are the Headwinds Facing CRE https://link.socalmultifamilybroker.com/EYjP

Fed’s Powell Outlines Hawkish Interest Rate Plans to Congress https://link.socalmultifamilybroker.com/EYjT

Bad-Loan Industry Ramps Up, Triggered By Office Distress https://link.socalmultifamilybroker.com/EYk1

Home Sales Increase In State During May, But No Big Recovery In Sight https://link.socalmultifamilybroker.com/EYk4

Powell: Fed is “Very Focused” on CRE Loan Situation https://link.socalmultifamilybroker.com/EYki

Apartment Rents Are Rising Again in Orange County https://link.socalmultifamilybroker.com/EZ0W

Existing Home Sales Down 20% From One Year Ago https://link.socalmultifamilybroker.com/EZeq

CRE Pricing Suffers Biggest Annual Drop in 13 Years https://link.socalmultifamilybroker.com/EZkQ


If you're looking for currently available multifamily properties visit:
https://www.mikelembeck.com/search-the-mls
for access to all available multifamily listings throughout Southern California.

Orange County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Orange County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.42%
Avg. Gross Rent Multiplier: 14.88
5
Closed Sales Last Week
88
Closed Sales - Average Days on Market
$1,269,778
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
1
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

10
New Listings Last Week
6
Months of Inventory
160
Total Number of Active Listings
$648,189,852
Active Listings, Dollar Volume
4
Active Under Contract Last Week
5
Pending Listings Last Week
0
Expired Listings Last Week

Long Beach

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Long Beach Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.29
6
Closed Sales Last Week
62
Closed Sales - Average Days on Market
$1,655,500
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
0
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

10
New Listings Last Week
7
Months of Inventory
105
Total Number of Active Listings
$278,535,395
Active Listings, Dollar Volume
4
Active Under Contract Last Week
2
Pending Listings Last Week
3
Expired Listings Last Week

Los Angeles County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Los Angeles County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.29
41
Closed Sales Last Week
42
Closed Sales - Average Days on Market
$1,862,778
Closed Sales - Average Sales Price
16
Transactions Sold At or Above Asking Price
30
2-4 Unit Transactions Last Week
11
5+ Unit Transactions Last Week

125
New Listings Last Week
23
Months of Inventory
1,851
Total Number of Active Listings
$11,875,483,016
Active Listings, Dollar Volume
29
Active Under Contract Last Week
32
Pending Listings Last Week
16
Expired Listings Last Week

San Diego County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

San Diego County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.67%
Avg. Gross Rent Multiplier: 14.29
6
Closed Sales Last Week
49
Closed Sales - Average Days on Market
$1,577,500
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
3
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

16
New Listings Last Week
9
Months of Inventory
167
Total Number of Active Listings
$80,011,137
Active Listings, Dollar Volume
0
Active Under Contract Last Week
9
Pending Listings Last Week
2
Expired Listings Last Week

Riverside County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Riverside County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 5.6%
Avg. Gross Rent Multiplier: 11.92
2
Closed Sales Last Week
104
Closed Sales - Average Days on Market
$920,000
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
0
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

6
New Listings Last Week
23
Months of Inventory
81
Total Number of Active Listings
$357,490,482
Active Listings, Dollar Volume
2
Active Under Contract Last Week
1
Pending Listings Last Week
2
Expired Listings Last Week

San Bernardino County

Live MLS Link expires in 30 days after published

Live MLS Link

San Bernardino County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 6.45%
Avg. Gross Rent Multiplier: 9.59
7
Closed Sales Last Week
36
Closed Sales - Average Days on Market
$963,664
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
1
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

12
New Listings Last Week
20
Months of Inventory
127
Total Number of Active Listings
$293,656,854
Active Listings, Dollar Volume
1
Active Under Contract Last Week
6
Pending Listings Last Week
1
Expired Listings Last Week

<< Back


Comments

No comments.

Register here or Login here to be able to add comment.