SoCal Multifamily Sales Pulse - December 4, 2022 - December 10, 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

Strong November Job Numbers Stoke Worries of Continued Fed Hawkishness https://link.socalmultifamilybroker.com/BN8o

US home buyers in high-cost areas could soon get $1m mortgages with just a 3 percent deposit after caps for federally-backed loans raised https://link.socalmultifamilybroker.com/BN97

Home prices continue decelerating across country, per new report https://link.socalmultifamilybroker.com/BN9I

Housing market has 'further to fall' as buyers walk away and sellers scramble for profit https://link.socalmultifamilybroker.com/BN9K

‘Flatlined’ — or not? 5 economists and real estate pros on what will happen to the housing market next https://link.socalmultifamilybroker.com/BN9V

The Watchwords for 2023 Are Uncertainty and Stress https://link.socalmultifamilybroker.com/BOgP

Dollar, Discount Stores Reign Supreme This Holiday Shopping Season https://link.socalmultifamilybroker.com/BOnA

LA County Multifamily Rent Hits Record High, But Growth Is Slowing https://link.socalmultifamilybroker.com/BP0m

270,000 homebuyers who bought in 2022 are underwater on their mortgage https://link.socalmultifamilybroker.com/BPha

Redfin Doesn't Foresee a 'Wave of Foreclosures' In Its 2023 Outlook https://link.socalmultifamilybroker.com/BPiG

House listings drop 26% in LA County during November https://link.socalmultifamilybroker.com/BQpy

4 in 10 consumers expect housing market will crash, survey finds https://link.socalmultifamilybroker.com/BQp_

Here’s why US homes were pulled off market at a record pace last month https://link.socalmultifamilybroker.com/BQq6   

Why Today’s Housing Inventory Proves The Market Isn’t Headed For A Crash https://link.socalmultifamilybroker.com/BRf0

Around 450,000 Homebuyers Are Now Underwater As 'Early' FHA Delinquencies Hit 2009 Levels https://link.socalmultifamilybroker.com/BRqv

BlackRock says get ready for a recession unlike any other and 'what worked in the past won't work now' https://link.socalmultifamilybroker.com/BSME

Orange County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Orange County Closed Sales - MikeLembeck.com

Absorption Rate: 3.56 months
Avg. Cap Rate: 4.47%
Avg. Gross Rent Multiplier: 14.88
3
Closed Sales Last Week
40
Closed Sales - Average Days on Market
$2,543,333
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
0
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

3
New Listings Last Week
4
Months of Inventory
165
Total Number of Active Listings
$597,596,585
Active Listings, Dollar Volume
3
Active Under Contract Last Week
1
Pending Listings Last Week
0
Expired Listings Last Week

Long Beach

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Live MLS Link PDF Link

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
143
Closed Sales - Average Days on Market
$840,000
Closed Sales - Average Sales Price
0
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
117
Total Number of Active Listings
$297,752,754
Active Listings, Dollar Volume
1
Active Under Contract Last Week
0
Pending Listings Last Week
0
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

Absorption Rate: 8.30 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.31
61
Closed Sales Last Week
49
Closed Sales - Average Days on Market
$1,297,368
Closed Sales - Average Sales Price
20
Transactions Sold At or Above Asking Price
47
2-4 Unit Transactions Last Week
14
5+ Unit Transactions Last Week

80
New Listings Last Week
28
Months of Inventory
1,826
Total Number of Active Listings
$10,947,169,864
Active Listings, Dollar Volume
19
Active Under Contract Last Week
22
Pending Listings Last Week
23
Expired Listings Last Week

San Diego County

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Live MLS Link PDF Link

San Diego County Closed Sales - MikeLembeck.com

Absorption Rate: 5.21 months
Avg. Cap Rate: 4.67%
Avg. Gross Rent Multiplier: 14.29
8
Closed Sales Last Week
20
Closed Sales - Average Days on Market
$1,212,625
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
8
Financed Transactions Last Week
0
All Cash Transactions Last Week
8
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

12
New Listings Last Week
7
Months of Inventory
169
Total Number of Active Listings
$102,591,824
Active Listings, Dollar Volume
0
Active Under Contract Last Week
11
Pending Listings Last Week
7
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

Absorption Rate: 7.66 months
Avg. Cap Rate: 5.5%
Avg. Gross Rent Multiplier: 12.09
2
Closed Sales Last Week
74
Closed Sales - Average Days on Market
$582,500
Closed Sales - Average Sales Price
1
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

7
New Listings Last Week
23
Months of Inventory
116
Total Number of Active Listings
$393,795,769
Active Listings, Dollar Volume
0
Active Under Contract Last Week
2
Pending Listings Last Week
2
Expired Listings Last Week

San Bernardino County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

San Bernardino County Closed Sales - MikeLembeck.com

Absorption Rate: 4.30 months
Avg. Cap Rate: 6.45%
Avg. Gross Rent Multiplier: 9.47
3
Closed Sales Last Week
40
Closed Sales - Average Days on Market
$1,883,333
Closed Sales - Average Sales Price
0
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

6
New Listings Last Week
14
Months of Inventory
137
Total Number of Active Listings
$268,317,585
Active Listings, Dollar Volume
2
Active Under Contract Last Week
4
Pending Listings Last Week
0
Expired Listings Last Week

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