SoCal Multifamily Sales Pulse - January 8, 2023 - January 14, 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

Study: California has most tenants per apartment unit https://link.socalmultifamilybroker.com/Bn_U

LA Apartment Owners Want To Sell, But Offers Aren't Matching Expectations https://link.socalmultifamilybroker.com/BqR4

Consumer confidence in housing finally rises, thanks to falling home prices https://link.socalmultifamilybroker.com/BpPU

Multifamily Investors Face the New Year Concerned About Capital, Values https://link.socalmultifamilybroker.com/BpPl

New Apartment Demand 'All But Evaporated' https://link.socalmultifamilybroker.com/BpPq

Inland Empire homebuying tumbles 45% as payments jumped by 50%-plus https://link.socalmultifamilybroker.com/BqR2

Inflation Rate Slows Further in December, Yet Fed Remains Committed to Rate Hikes https://link.socalmultifamilybroker.com/Bw41

US CEOs Are Fretting Over Inflation, Recession Fears https://link.socalmultifamilybroker.com/Bw42

US real estate market in ‘big trouble,' expert warns https://link.socalmultifamilybroker.com/BwAU

Orange County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Orange County Closed Sales - MikeLembeck.com

Absorption Rate: 6.29 months
Avg. Cap Rate: 4.47%
Avg. Gross Rent Multiplier: 14.88
4
Closed Sales Last Week
120
Closed Sales - Average Days on Market
$1,688,500
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
2
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

11
New Listings Last Week
7
Months of Inventory
158
Total Number of Active Listings
$514,729,786
Active Listings, Dollar Volume
2
Active Under Contract Last Week
3
Pending Listings Last Week
2
Expired Listings Last Week

Long Beach

Live MLS Link expires in 30 days after published

Long Beach Closed Sales - MikeLembeck.com

Absorption Rate: 7.25 months
Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.28
0
Closed Sales Last Week
0
Closed Sales - Average Days on Market
0
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
0
Financed Transactions Last Week
0
All Cash Transactions Last Week
0
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

6
New Listings Last Week
10
Months of Inventory
80
Total Number of Active Listings
$218,993,286
Active Listings, Dollar Volume
1
Active Under Contract Last Week
2
Pending Listings Last Week
1
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: 6.36 months
Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.28
40
Closed Sales Last Week
49
Closed Sales - Average Days on Market
$1,519,419
Closed Sales - Average Sales Price
11
Transactions Sold At or Above Asking Price
33
2-4 Unit Transactions Last Week
7
5+ Unit Transactions Last Week

92
New Listings Last Week
22
Months of Inventory
1,507
Total Number of Active Listings
$10,598,833,832
Active Listings, Dollar Volume
21
Active Under Contract Last Week
23
Pending Listings Last Week
26
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

Absorption Rate: 3.21 months
Avg. Cap Rate: 4.67%
Avg. Gross Rent Multiplier: 14.29
4
Closed Sales Last Week
60
Closed Sales - Average Days on Market
$1,410,863
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
2
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

11
New Listings Last Week
5
Months of Inventory
130
Total Number of Active Listings
$93,783,945
Active Listings, Dollar Volume
6
Active Under Contract Last Week
13
Pending Listings Last Week
5
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: 7.14 months
Avg. Cap Rate: 5.6%
Avg. Gross Rent Multiplier: 11.92
2
Closed Sales Last Week
51
Closed Sales - Average Days on Market
$835,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
0
All Cash Transactions Last Week
1
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

1
New Listings Last Week
22
Months of Inventory
93
Total Number of Active Listings
$367,509,505
Active Listings, Dollar Volume
0
Active Under Contract Last Week
4
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: 4.6 months
Avg. Cap Rate: 6.45%
Avg. Gross Rent Multiplier: 9.47
3
Closed Sales Last Week
50
Closed Sales - Average Days on Market
$360,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
0
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

1
New Listings Last Week
20
Months of Inventory
121
Total Number of Active Listings
$250,312,135
Active Listings, Dollar Volume
0
Active Under Contract Last Week
0
Pending Listings Last Week
0
Expired Listings Last Week

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