SoCal Multifamily Sales Pulse - December 18, 2022 - December 24, 2022

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

2023 Outlook: Tighter Due Diligence, Aggressive Asset Management https://link.socalmultifamilybroker.com/BY4-

Unhappy new year? Poll finds Americans wary of the nation's course, its leaders and its future ahead of 2023 https://link.socalmultifamilybroker.com/BY5Q

Builder Confidence Declined Every Month This Year https://link.socalmultifamilybroker.com/BYnb

Raising rates changes the name of the game for CRE financing https://link.socalmultifamilybroker.com/BYqn

Rents are still high, even after cooling at the fastest pace in 19 months https://link.socalmultifamilybroker.com/BYre

US May Impose Mandatory Limits on Colorado River Water Use https://link.socalmultifamilybroker.com/BYvq

‘Slow-motion train wreck’: Economist Dr. Doom is extra gloomy as he warns of a ‘deep and protracted’ recession—and says World War III has already begun https://link.socalmultifamilybroker.com/BZFk

Top Ten CRE Predictions for 2023 https://link.socalmultifamilybroker.com/BZOB

Santa Ana landlords must register rentals under new law https://link.socalmultifamilybroker.com/BaNI

Existing home sales in California falling faster than national average https://link.socalmultifamilybroker.com/BaQN

Peter Reagan: This Housing Bubble Could Be Worse Than 2008 https://link.socalmultifamilybroker.com/Babk

California Has 41% Of The Nation’s Million-Dollar Homes https://link.socalmultifamilybroker.com/Basj

Orange County

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Orange County Closed Sales - MikeLembeck.com

Absorption Rate: 3.56 months
Avg. Cap Rate: 4.47%
Avg. Gross Rent Multiplier: 14.88
11
Closed Sales Last Week
58
Closed Sales - Average Days on Market
$2,092,657
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
7
All Cash Transactions Last Week
11
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

2
New Listings Last Week
5
Months of Inventory
157
Total Number of Active Listings
$609,335,484
Active Listings, Dollar Volume
1
Active Under Contract Last Week
2
Pending Listings Last Week
2
Expired Listings Last Week

Long Beach

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Long Beach Closed Sales - MikeLembeck.com

Absorption Rate: 6.72 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.31
1
Closed Sales Last Week
1
Closed Sales - Average Days on Market
$949,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
0
All Cash Transactions Last Week
1
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

3
New Listings Last Week
10
Months of Inventory
91
Total Number of Active Listings
$297,510,966
Active Listings, Dollar Volume
2
Active Under Contract Last Week
0
Pending Listings Last Week
4
Expired Listings Last Week

Los Angeles County

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Los Angeles County Closed Sales - MikeLembeck.com

Absorption Rate: 8.30 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.31
57
Closed Sales Last Week
48
Closed Sales - Average Days on Market
$1,729,998
Closed Sales - Average Sales Price
8
Transactions Sold At or Above Asking Price
42
2-4 Unit Transactions Last Week
15
5+ Unit Transactions Last Week

38
New Listings Last Week
28
Months of Inventory
1,677
Total Number of Active Listings
$10,982,711,239
Active Listings, Dollar Volume
22
Active Under Contract Last Week
19
Pending Listings Last Week
38
Expired Listings Last Week

San Diego County

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San Diego County Closed Sales - MikeLembeck.com

Absorption Rate: 5.21 months
Avg. Cap Rate: 4.67%
Avg. Gross Rent Multiplier: 14.29
5
Closed Sales Last Week
26
Closed Sales - Average Days on Market
$1,211,000
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

5
New Listings Last Week
7
Months of Inventory
140
Total Number of Active Listings
$108,068,824
Active Listings, Dollar Volume
0
Active Under Contract Last Week
11
Pending Listings Last Week
5
Expired Listings Last Week

Riverside County

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Riverside County Closed Sales - MikeLembeck.com

Absorption Rate: 7.66 months
Avg. Cap Rate: 5.5%
Avg. Gross Rent Multiplier: 12.09
3
Closed Sales Last Week
70
Closed Sales - Average Days on Market
$810,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
2
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

3
New Listings Last Week
24
Months of Inventory
110
Total Number of Active Listings
$396,609,668
Active Listings, Dollar Volume
1
Active Under Contract Last Week
2
Pending Listings Last Week
3
Expired Listings Last Week

San Bernardino County

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San Bernardino County Closed Sales - MikeLembeck.com

Absorption Rate: 4.30 months
Avg. Cap Rate: 6.45%
Avg. Gross Rent Multiplier: 9.47
7
Closed Sales Last Week
66
Closed Sales - Average Days on Market
$1,052,357
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
2
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week

5
New Listings Last Week
14
Months of Inventory
120
Total Number of Active Listings
$275,865,635
Active Listings, Dollar Volume
2
Active Under Contract Last Week
3
Pending Listings Last Week
4
Expired Listings Last Week

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