SoCal Multifamily Sales Pulse - November 13, 2022 - November 19, 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

Commercial Real Estate Market May See Slight Decline in Prices in 2023 https://link.socalmultifamilybroker.com/B3Xr

Mortgage lenders expect the housing market to worsen in 2023 https://link.socalmultifamilybroker.com/B3w-

Credit card debt jumps by largest amount in two decades, Fed report says https://link.socalmultifamilybroker.com/B5cg

The Latest Inflation Numbers Are Good News For Mortgage Rates https://link.socalmultifamilybroker.com/B5dN

Here’s why Home Depot and Lowe’s are booming in a housing market bust https://link.socalmultifamilybroker.com/B6DB

More Homeowners Using Helocs as Financial Safety Net https://link.socalmultifamilybroker.com/B9sF

KPMG: The Pandemic Housing Bubble is bursting—U.S. home prices falling 15% looks ‘conservative’ https://link.socalmultifamilybroker.com/B6wn

Fed's Bullard: We Need Much Higher Interest Rates https://link.socalmultifamilybroker.com/B7_V

SoCal Rent Declines More Likely A Temporary Pause Than Lasting Correction https://link.socalmultifamilybroker.com/B8Z6

Orange County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Orange County Closed Sales - MikeLembeck.com

Absorption Rate: 4.29 months
Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.92
12
Closed Sales Last Week
62
Closed Sales - Average Days on Market
$1,630,708
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
9
Financed Transactions Last Week
3
All Cash Transactions Last Week
12
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

9
New Listings Last Week
5
Months of Inventory
193
Total Number of Active Listings
$608,816,543
Active Listings, Dollar Volume
4
Active Under Contract Last Week
4
Pending Listings Last Week
3
Expired Listings Last Week

Long Beach

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Live MLS Link PDF Link

Long Beach Closed Sales - MikeLembeck.com

Absorption Rate: 4.53 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.29
4
Closed Sales Last Week
49
Closed Sales - Average Days on Market
$1,972,250
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
0
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

3
New Listings Last Week
6
Months of Inventory
121
Total Number of Active Listings
$308,352,487
Active Listings, Dollar Volume
1
Active Under Contract Last Week
2
Pending Listings Last Week
2
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: 7.87 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.29
48
Closed Sales Last Week
46
Closed Sales - Average Days on Market
$3,020,466
Closed Sales - Average Sales Price
17
Transactions Sold At or Above Asking Price
33
2-4 Unit Transactions Last Week
15
5+ Unit Transactions Last Week

110
New Listings Last Week
27
Months of Inventory
1,901
Total Number of Active Listings
$10,839,522,903
Active Listings, Dollar Volume
24
Active Under Contract Last Week
17
Pending Listings Last Week
32
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: 3.42 months
Avg. Cap Rate: 4.67%
Avg. Gross Rent Multiplier: 14.29
4
Closed Sales Last Week
25
Closed Sales - Average Days on Market
$1,683,750
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
1
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

20
New Listings Last Week
18
Months of Inventory
183
Total Number of Active Listings
$76,841,044
Active Listings, Dollar Volume
0
Active Under Contract Last Week
17
Pending Listings Last Week
11
Expired Listings Last Week

Riverside County

Live MLS Link expires in 30 days after published

Riverside County Closed Sales - MikeLembeck.com

Absorption Rate: 8.6 months
Avg. Cap Rate: 5.5%
Avg. Gross Rent Multiplier: 12.09
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

9
New Listings Last Week
27
Months of Inventory
113
Total Number of Active Listings
$387,045,000
Active Listings, Dollar Volume
1
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 PDF Link

San Bernardino County Closed Sales - MikeLembeck.com

Absorption Rate: 4.19 months
Avg. Cap Rate: 6.4%
Avg. Gross Rent Multiplier: 9.55
6
Closed Sales Last Week
42
Closed Sales - Average Days on Market
$586,583
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
1
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

6
New Listings Last Week
15
Months of Inventory
144
Total Number of Active Listings
$277,033,113
Active Listings, Dollar Volume
1
Active Under Contract Last Week
3
Pending Listings Last Week
5
Expired Listings Last Week

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