SoCal Multifamily Sales Pulse - November 20, 2022 - November 26, 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

House prices might plunge 20% in the hottest US markets - and the slump could hammer the wider economy, top investor says https://link.socalmultifamilybroker.com/BA4M

Where home prices are headed in 2023—this map shows CoreLogic’s revised outlook for 392 housing markets https://link.socalmultifamilybroker.com/BFd7 

Multifamily Developers Seeing ‘Signs of a Slowdown’ https://link.socalmultifamilybroker.com/BBM2

Is a Soft Landing Still Possible? Maybe https://link.socalmultifamilybroker.com/BByp

Foreclosure upswing approaches pre-pandemic levels https://link.socalmultifamilybroker.com/BCC-

Jobless claims unexpectedly rise to highest level since August https://link.socalmultifamilybroker.com/BDpq

Top economist Mohamed El-Erian says we’re not just headed for another recession, but a ‘profound economic and financial shift’ https://link.socalmultifamilybroker.com/BEDP  

What’s The Outlook For The Housing Market? https://link.socalmultifamilybroker.com/BEyL

Opinion: Homeowners should prepare for an ugly 2023, but it’s unlikely we’ll have a repeat of 2008 https://link.socalmultifamilybroker.com/BEyM

Why the US housing market slowed at sharpest pace ‘since the financial crisis’ https://link.socalmultifamilybroker.com/BEyN

The Housing Market is Worse Than You Think https://link.socalmultifamilybroker.com/BEz0

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
5
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$2,547,778
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

2
New Listings Last Week
5
Months of Inventory
182
Total Number of Active Listings
$608,676,443
Active Listings, Dollar Volume
4
Active Under Contract Last Week
2
Pending Listings Last Week
2
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
5
Closed Sales Last Week
70
Closed Sales - Average Days on Market
$1,236,200
Closed Sales - Average Sales Price
0
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

1
New Listings Last Week
7
Months of Inventory
120
Total Number of Active Listings
$315,961,486
Active Listings, Dollar Volume
2
Active Under Contract Last Week
1
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: 7.87 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.29
30
Closed Sales Last Week
43
Closed Sales - Average Days on Market
$1,388,977
Closed Sales - Average Sales Price
10
Transactions Sold At or Above Asking Price
24
2-4 Unit Transactions Last Week
6
5+ Unit Transactions Last Week

39
New Listings Last Week
27
Months of Inventory
1,870
Total Number of Active Listings
$10,844,650,101
Active Listings, Dollar Volume
19
Active Under Contract Last Week
15
Pending Listings Last Week
29
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
3
Closed Sales Last Week
41
Closed Sales - Average Days on Market
$1,364,167
Closed Sales - Average Sales Price
0
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

8
New Listings Last Week
18
Months of Inventory
176
Total Number of Active Listings
$76,741,044
Active Listings, Dollar Volume
0
Active Under Contract Last Week
7
Pending Listings Last Week
4
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: 8.6 months
Avg. Cap Rate: 5.5%
Avg. Gross Rent Multiplier: 12.09
1
Closed Sales Last Week
71
Closed Sales - Average Days on Market
$398,000
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
27
Months of Inventory
120
Total Number of Active Listings
$387,984,999
Active Listings, Dollar Volume
0
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
4
Closed Sales Last Week
32
Closed Sales - Average Days on Market
$536,000
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

2
New Listings Last Week
15
Months of Inventory
140
Total Number of Active Listings
$279,082,113
Active Listings, Dollar Volume
1
Active Under Contract Last Week
4
Pending Listings Last Week
0
Expired Listings Last Week

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