SoCal Multifamily Sales Pulse - October 23, 2022 - October 29, 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

Apartment Transactions at a 'Virtual Standstill' https://link.socalmultifamilybroker.com/AsZ1

Mortgage and Interest Rate Shock, Never in History Have Rates Risen So Fast https://link.socalmultifamilybroker.com/Amha

Buckle in for a brutal free-fall in home prices and US housing is in a massive bubble, experts say. Here's how bad Jeremy Siegel, Paul Krugman and 5 others think it could get. https://link.socalmultifamilybroker.com/Amhb

Local, US Housing Prices In Biggest Tumble Since 2009 https://link.socalmultifamilybroker.com/AnVh

Americans’ personal savings have fallen off a cliff. Get ready for how low they fell. https://link.socalmultifamilybroker.com/Ao27

Case-Shiller: Home Prices Decelerate Like 'Never Before' https://link.socalmultifamilybroker.com/AoF8

Credit Suisse to cut 9000 jobs to curb losses https://link.socalmultifamilybroker.com/AovM

Rents in the US are finally set to decline https://link.socalmultifamilybroker.com/Aq3_

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
9
Closed Sales Last Week
37
Closed Sales - Average Days on Market
$1,983,222
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
3
All Cash Transactions Last Week
8
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

7
New Listings Last Week
4
Months of Inventory
193
Total Number of Active Listings
$660,368,833
Active Listings, Dollar Volume
4
Active Under Contract Last Week
2
Pending Listings Last Week
4
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
7
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$1,489,286
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
0
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

7
New Listings Last Week
4
Months of Inventory
125
Total Number of Active Listings
$248,266,596
Active Listings, Dollar Volume
1
Active Under Contract Last Week
1
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: 6.36 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.29
58
Closed Sales Last Week
45
Closed Sales - Average Days on Market
$1,609,991
Closed Sales - Average Sales Price
15
Transactions Sold At or Above Asking Price
43
2-4 Unit Transactions Last Week
15
5+ Unit Transactions Last Week

104
New Listings Last Week
21
Months of Inventory
1,916
Total Number of Active Listings
$10,779,404,791
Active Listings, Dollar Volume
24
Active Under Contract Last Week
31
Pending Listings Last Week
29
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: 3.83 months
Avg. Cap Rate: 4.67%
Avg. Gross Rent Multiplier: 14.25
5
Closed Sales Last Week
20
Closed Sales - Average Days on Market
$1,218,100
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
3
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

17
New Listings Last Week
7
Months of Inventory
196
Total Number of Active Listings
$76,189,845
Active Listings, Dollar Volume
0
Active Under Contract Last Week
10
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: 7.12 months
Avg. Cap Rate: 5.48%
Avg. Gross Rent Multiplier: 12.09
2
Closed Sales Last Week
220
Closed Sales - Average Days on Market
$190,000
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
0
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

5
New Listings Last Week
20
Months of Inventory
107
Total Number of Active Listings
$418,947,798
Active Listings, Dollar Volume
2
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: 4.2 months
Avg. Cap Rate: 6.4%
Avg. Gross Rent Multiplier: 9.55
12
Closed Sales Last Week
37
Closed Sales - Average Days on Market
$888,683
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
8
Financed Transactions Last Week
4
All Cash Transactions Last Week
11
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

9
New Listings Last Week
14
Months of Inventory
156
Total Number of Active Listings
$274,868,311
Active Listings, Dollar Volume
2
Active Under Contract Last Week
6
Pending Listings Last Week
Expired Listings Last Week

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