SoCal Multifamily Sales Pulse - October 16, 2022 - October 22, 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

'Modest Deceleration' Underway for Multifamily https://link.socalmultifamilybroker.com/AfCv

Latest US inflation data raises questions about Fed’s interest rate hikes https://link.socalmultifamilybroker.com/AfEA

CRE Investors Brace Themselves for More Inflation and Then Recession https://link.socalmultifamilybroker.com/Afu7

Buyer Traffic, Builder Sentiment, Fall to 'Unhealthy' Levels https://link.socalmultifamilybroker.com/AiZC

Home Prices Could Fall 20% By Next Year As Mortgage Rates Hammer Market: Economist https://link.socalmultifamilybroker.com/Ajy9

An often-overlooked economic measure is signaling serious trouble ahead https://link.socalmultifamilybroker.com/AkqH

California ‘Prime Target’ For Home Price Declines In 2023, Economist Says. https://link.socalmultifamilybroker.com/Am0c

'Days On Market' for Listed Homes Have Doubled Since May https://link.socalmultifamilybroker.com/AmQs

Orange County

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Orange County Closed Sales - MikeLembeck.com

Absorption Rate: 3.71 months
Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.95
12
Closed Sales Last Week
43
Closed Sales - Average Days on Market
$3,767,208
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
8
Financed Transactions Last Week
4
All Cash Transactions Last Week
9
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week

15
New Listings Last Week
4
Months of Inventory
200
Total Number of Active Listings
$655,257,833
Active Listings, Dollar Volume
3
Active Under Contract Last Week
3
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: 2.82 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.28
5
Closed Sales Last Week
52
Closed Sales - Average Days on Market
$1,789,000
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week

5
New Listings Last Week
4
Months of Inventory
118
Total Number of Active Listings
$242,197,597
Active Listings, Dollar Volume
2
Active Under Contract Last Week
2
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: 6.36 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.29
57
Closed Sales Last Week
55
Closed Sales - Average Days on Market
$1,237,488
Closed Sales - Average Sales Price
14
Transactions Sold At or Above Asking Price
45
2-4 Unit Transactions Last Week
12
5+ Unit Transactions Last Week

122
New Listings Last Week
21
Months of Inventory
1,918
Total Number of Active Listings
$10,772,827,098
Active Listings, Dollar Volume
25
Active Under Contract Last Week
25
Pending Listings Last Week
37
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: 3.83 months
Avg. Cap Rate: 4.67%
Avg. Gross Rent Multiplier: 14.25
11
Closed Sales Last Week
34
Closed Sales - Average Days on Market
$1,278,109
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
5
All Cash Transactions Last Week
11
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

20
New Listings Last Week
7
Months of Inventory
186
Total Number of Active Listings
$74,182,846
Active Listings, Dollar Volume
0
Active Under Contract Last Week
10
Pending Listings Last Week
9
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: 7.12 months
Avg. Cap Rate: 5.48%
Avg. Gross Rent Multiplier: 12.09
1
Closed Sales Last Week
9
Closed Sales - Average Days on Market
$365,000
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

8
New Listings Last Week
20
Months of Inventory
109
Total Number of Active Listings
$417,212,798
Active Listings, Dollar Volume
1
Active Under Contract Last Week
2
Pending Listings Last Week
1
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: 4.2 months
Avg. Cap Rate: 6.4%
Avg. Gross Rent Multiplier: 9.55
4
Closed Sales Last Week
71
Closed Sales - Average Days on Market
$474,750
Closed Sales - Average Sales Price
2
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

10
New Listings Last Week
14
Months of Inventory
152
Total Number of Active Listings
$274,466,211
Active Listings, Dollar Volume
2
Active Under Contract Last Week
0
Pending Listings Last Week
0
Expired Listings Last Week

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