So Cal Multifamily Sales Pulse - November 5, 2023 - November 11, 2023

12 November 2023
Mike Lembeck

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

CRE Transactions Expected to Fall 5% Next Year Amid Rising Treasury Yields	Nearly 7% Of Homes For Sale Posted A Price Drop
Property Insurance Is Rising Even in States With Low Risk of Natural Disasters	Renter Demand Remains Healthy for U.S. Multifamily
A Snapshot of Where CRE Debt Markets Stand Right Now	Advice for Property Owners: “Survive to 2025”
Stimulus-Free Holiday Sales to Grow 3% to 4%	Falling Valuations, Less Capital Worry CRE Execs
CRE Mortgage Volume Drops 49% Year-Over-Year	Signs That Capital on the Sidelines Maybe Be Reentering the Markets
Big and Small Banks Head in Opposite Directions on CRE Lending	Supervisors Extend Cap on Rent Increases in Unincorporated LA County
Multifamily Construction Pipeline Increases 7.6%	CMBS Distress Increases Again in October
Signature Bank Fire Sale Could Cut Prices by 15% to 40%	Waves of Maturing Office Loans Are Coming in Top Metros
Even More Apartments Enter the Pipeline for 2024, 2025	When Will the Pain Stop? This Economist Says He Knows
CRE Bank Loan Delinquency Rates Hit Decade-Long High	CRE Lending Plummeted 49% in Q3
Commercial Real Estate Valuations Are So Hard-Hit That CBRE Warns They Could Fall ‘Another 10%,’ After Saying Earlier They ‘May Come Down 15%, 20%’	Q3 Investor Home Purchases At 7-Year Low
OC Mall Makeovers Could Tally To $8B	Is The Buyer’s Market Dead And Gone For California Homes?

If you're looking for currently available multifamily properties visit:
https://www.mikelembeck.com/search-the-mls
for access to all available multifamily listings throughout Southern California.

Orange County

Click Links below to view the Orange County
Closed Sales from last week

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Live MLS Link PDF Link

Avg. Cap Rate: 4.44%

Avg. Gross Rent Multiplier: 14.74

Closed Sales Last Week

Closed Sales - Average Days on Market

$2,154,857

Closed Sales - Average Sales Price

Transactions Sold At or Above Asking Price

Financed Transactions Last Week

All Cash Transactions Last Week

2-4 Unit Transactions Last Week

5+ Unit Transactions Last Week

New Listings Last Week

Months of Inventory

200

Total Number of Active Listings

$728,809,087

Active Listings, Dollar Volume

Active Under Contract Last Week

Pending Listings Last Week

Expired Listings Last Week

Looking For A Bargain?

Click Here and We’ll Send You The Best Deal in Orange County

Long Beach

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Closed Sales from last week

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Live MLS Link PDF Link

Avg. Cap Rate: 4.63%

Avg. Gross Rent Multiplier: 14.17

Closed Sales Last Week

Closed Sales - Average Days on Market

$935,000

Closed Sales - Average Sales Price

Transactions Sold At or Above Asking Price

Financed Transactions Last Week

All Cash Transactions Last Week

2-4 Unit Transactions Last Week

5+ Unit Transactions Last Week

New Listings Last Week

Months of Inventory

130

Total Number of Active Listings

$349,018,681

Active Listings, Dollar Volume

Active Under Contract Last Week

Pending Listings Last Week

Expired Listings Last Week

Looking For A Bargain?

Click Here and We’ll Send You The Best Deal in Long Beach

Los Angeles County

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Closed Sales from last week

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Avg. Cap Rate: 4.63%

Avg. Gross Rent Multiplier: 14.17

Closed Sales Last Week

Closed Sales - Average Days on Market

$1,343,763

Closed Sales - Average Sales Price

Transactions Sold At or Above Asking Price

2-4 Unit Transactions Last Week

5+ Unit Transactions Last Week

114

New Listings Last Week

Months of Inventory

2,028

Total Number of Active Listings

$13,353,904,355

Active Listings, Dollar Volume

Active Under Contract Last Week

Pending Listings Last Week

Expired Listings Last Week

Looking For A Bargain?

Click Here and We’ll Send You The Best Deal in Los Angeles

San Diego County

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Closed Sales from last week

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Avg. Cap Rate: 4.67%

Avg. Gross Rent Multiplier: 14.43

Closed Sales Last Week

Closed Sales - Average Days on Market

$1,600,183

Closed Sales - Average Sales Price

Transactions Sold At or Above Asking Price

Financed Transactions Last Week

All Cash Transactions Last Week

2-4 Unit Transactions Last Week

5+ Unit Transactions Last Week

New Listings Last Week

Months of Inventory

231

Total Number of Active Listings

$78,792,646

Active Listings, Dollar Volume

Active Under Contract Last Week

Pending Listings Last Week

Expired Listings Last Week

Looking For A Bargain?

Click Here and We’ll Send You The Best Deal in San Diego

Riverside County

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Closed Sales from last week

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Live MLS Link PDF Link

Avg. Cap Rate: 5.6%

Avg. Gross Rent Multiplier: 12.09

Closed Sales Last Week

Closed Sales - Average Days on Market

$1,925,000

Closed Sales - Average Sales Price

Transactions Sold At or Above Asking Price

Financed Transactions Last Week

All Cash Transactions Last Week

2-4 Unit Transactions Last Week

5+ Unit Transactions Last Week

New Listings Last Week

Months of Inventory

105

Total Number of Active Listings

$412,603,505

Active Listings, Dollar Volume

Active Under Contract Last Week

Pending Listings Last Week

Expired Listings Last Week

Looking For A Bargain?

Click Here and We’ll Send You The Best Deal in Riverside

San Bernardino County

Click Links below to view the San Bernardino County
Closed Sales from last week

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Avg. Cap Rate: 6.39%

Avg. Gross Rent Multiplier: 9.63

Closed Sales Last Week

Closed Sales - Average Days on Market

$932,000

Closed Sales - Average Sales Price

Transactions Sold At or Above Asking Price

Financed Transactions Last Week

All Cash Transactions Last Week

2-4 Unit Transactions Last Week

5+ Unit Transactions Last Week

New Listings Last Week

Months of Inventory

138

Total Number of Active Listings

$272,725,890

Active Listings, Dollar Volume

Active Under Contract Last Week

Pending Listings Last Week

Expired Listings Last Week

Looking For A Bargain?

Click Here and We’ll Send You The Best Deal in San Bernardino

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