SoCal Multifamily Sales Pulse - November 27, 2022 - December 3, 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

How a Looming Recession Impacts CRE Deals https://link.socalmultifamilybroker.com/BHg-

Rent Losses Have Spread Across the Orange County Apartment Market https://link.socalmultifamilybroker.com/BKWv

A ‘Spooked’ Market Has CRE Buyers on Hold https://link.socalmultifamilybroker.com/BLNh

California Claims 70% of the Priciest Zips in USA https://link.socalmultifamilybroker.com/BHh1

Mortgage buy-downs surge as interest rates climb https://link.socalmultifamilybroker.com/BM0A

Many Homebuyers Likely to Be Priced Out of Market In 2023 https://link.socalmultifamilybroker.com/BLLS  

Investment Banking Giant Sounds a Warning: The Housing Market Has 'Further to Fall' https://link.socalmultifamilybroker.com/BI8W

The Housing Market is Projected to Fall in 2023: What You Should Know https://link.socalmultifamilybroker.com/BKHA

"Collapse" in home prices is coming, experts say https://link.socalmultifamilybroker.com/BKHB

OC home sales tumble 35% year-over-year https://link.socalmultifamilybroker.com/BKHP

Rising Inventory Will Be the Housing Market’s Next Problem https://link.socalmultifamilybroker.com/BKHU

Inland Empire Home Sales Tank as Mortgage Rates Rise https://link.socalmultifamilybroker.com/BKWJ

Fitch Ratings Says Recession Would Double CMBS Loan Delinquency Rate https://link.socalmultifamilybroker.com/BKaw

Fed Chair Powell Signals Rate Increase Slowdown https://link.socalmultifamilybroker.com/BKb7

 Real Estate Trends: Are We Headed For Another Housing Market Crash? https://link.socalmultifamilybroker.com/BKxL

Orange County

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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
13
Closed Sales Last Week
36
Closed Sales - Average Days on Market
$1,947,865
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
9
Financed Transactions Last Week
4
All Cash Transactions Last Week
11
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

5
New Listings Last Week
4
Months of Inventory
166
Total Number of Active Listings
$592,039,585
Active Listings, Dollar Volume
4
Active Under Contract Last Week
4
Pending Listings Last Week
14
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
7
Closed Sales Last Week
40
Closed Sales - Average Days on Market
$1,221,429
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
2
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

6
New Listings Last Week
10
Months of Inventory
119
Total Number of Active Listings
$296,681,752
Active Listings, Dollar Volume
2
Active Under Contract Last Week
0
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: 8.30 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.31
49
Closed Sales Last Week
54
Closed Sales - Average Days on Market
1,578,338
Closed Sales - Average Sales Price
16
Transactions Sold At or Above Asking Price
35
2-4 Unit Transactions Last Week
14
5+ Unit Transactions Last Week

110
New Listings Last Week
28
Months of Inventory
1,858
Total Number of Active Listings
$10,884,360,194
Active Listings, Dollar Volume
20
Active Under Contract Last Week
20
Pending Listings Last Week
86
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
10
Closed Sales Last Week
28
Closed Sales - Average Days on Market
$1,321,690
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
4
All Cash Transactions Last Week
10
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

19
New Listings Last Week
7
Months of Inventory
175
Total Number of Active Listings
$102,600,824
Active Listings, Dollar Volume
1
Active Under Contract Last Week
8
Pending Listings Last Week
20
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
4
Closed Sales Last Week
20
Closed Sales - Average Days on Market
$885,000
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
3
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

4
New Listings Last Week
24
Months of Inventory
114
Total Number of Active Listings
$393,414,909
Active Listings, Dollar Volume
2
Active Under Contract Last Week
5
Pending Listings Last Week
5
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
12
Closed Sales Last Week
48
Closed Sales - Average Days on Market
$1,046,250
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
5
All Cash Transactions Last Week
9
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week

10
New Listings Last Week
15
Months of Inventory
136
Total Number of Active Listings
$267,578,685
Active Listings, Dollar Volume
7
Active Under Contract Last Week
1
Pending Listings Last Week
3
Expired Listings Last Week

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