SoCal Multifamily Sales Pulse - June 14, 2021 - June 20, 2021

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

Cap Rates Facing Downward Pressure for Many Types of CRE

Investors flush with lots of capital are looking for properties to buy.

Cap rates are facing significant downward pressure for many types of commercial real estate from apartments to self-storage facilities to hotels and industrial properties. There is tremendous market liquidity and the pricing structure is particularly strong with price surges fueled by big market activity and low-interest rates.

Many investors will find selling is a much better option now than holding for one to three years particularly if they believe capital gains taxes and interest rates will rise.

Call me today for a free market analysis and to discuss your options.

Orange County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Orange County Closed Sales - MikeLembeck.com

Absorption Rate: 1.63 months
Avg. Cap Rate: 4.22%
Avg. Gross Rent Multiplier: 14.95
15
Closed Sales Last Week
24
Closed Sales - Average Days on Market
$1,884,933
Closed Sales - Average Sales Price
6
Transactions Sold At or Above Asking Price
10
Financed Transactions Last Week
5
All Cash Transactions Last Week
12
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week

20
New Listings Last Week
2
Months of Inventory
150
Total Number of Active Listings
$522,502,948
Active Listings, Dollar Volume
13
Active Under Contract Last Week
5
Pending Listings Last Week
3
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

Absorption Rate: 1.98 months
Avg. Cap Rate: 4.77%
Avg. Gross Rent Multiplier: 13.3
10
Closed Sales Last Week
46
Closed Sales - Average Days on Market
$1,705,700
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
8
Financed Transactions Last Week
2
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week

12
New Listings Last Week
3
Months of Inventory
109
Total Number of Active Listings
$230,502,982
Active Listings, Dollar Volume
9
Active Under Contract Last Week
9
Pending Listings Last Week
4
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: 3.88 months
Avg. Cap Rate: 4.77%
Avg. Gross Rent Multiplier: 14.17
81
Closed Sales Last Week
55
Closed Sales - Average Days on Market
$1,370,562
Closed Sales - Average Sales Price
40
Transactions Sold At or Above Asking Price
70
2-4 Unit Transactions Last Week
11
5+ Unit Transactions Last Week

132
New Listings Last Week
11
Months of Inventory
1,743
Total Number of Active Listings
$7,974,346,547
Active Listings, Dollar Volume
52
Active Under Contract Last Week
54
Pending Listings Last Week
22
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: 1.97 months
Avg. Cap Rate: 4.72%
Avg. Gross Rent Multiplier: 14.1
16
Closed Sales Last Week
15
Closed Sales - Average Days on Market
$945,048
Closed Sales - Average Sales Price
10
Transactions Sold At or Above Asking Price
12
Financed Transactions Last Week
4
All Cash Transactions Last Week
16
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

20
New Listings Last Week
12
Months of Inventory
182
Total Number of Active Listings
$1,295,085,067
Active Listings, Dollar Volume
1
Active Under Contract Last Week
16
Pending Listings Last Week
6
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: 1.9 months
Avg. Cap Rate: 5.66%
Avg. Gross Rent Multiplier: 11.66
5
Closed Sales Last Week
105
Closed Sales - Average Days on Market
$669,860
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
2
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

7
New Listings Last Week
3
Months of Inventory
95
Total Number of Active Listings
$552,632,835
Active Listings, Dollar Volume
1
Active Under Contract Last Week
8
Pending Listings Last Week
3
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: 2.84 months
Avg. Cap Rate: 6.28%
Avg. Gross Rent Multiplier: 9.47
13
Closed Sales Last Week
47
Closed Sales - Average Days on Market
$498,192
Closed Sales - Average Sales Price
10
Transactions Sold At or Above Asking Price
11
Financed Transactions Last Week
2
All Cash Transactions Last Week
13
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

17
New Listings Last Week
7
Months of Inventory
140
Total Number of Active Listings
$207,823,160
Active Listings, Dollar Volume
4
Active Under Contract Last Week
10
Pending Listings Last Week
2
Expired Listings Last Week

<< Back


Comments

No comments.

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