So Cal Multifamily Sales Pulse - October 29, 2023 - November 4, 2023

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

Nearly One-Third Of Homeowners Have
$1,000 Or Less Saved For Home Emergency
Expect a More Challenging Business
Environment, Says Business Economists Group
CBRE Says No Recovery
Until Second Half of 2024
What’s Keeping CRE Capital
Sidelined? Several Things
Lenders Grow Even More Skittish
As Wave of Maturities Approaches
Funding Gap Has
Now Spread to Multifamily
San Diego Home Sales Nosedive,
Median Price Drops
Multifamily Reacts to Interest Rate Pause
The Decline in Home Sales
Impacts Most CRE Assets
U.S. Housing Prices
Continue on Upward Trend
9 Out Of 10 Maturing Office CMBS
Loans Defaulted In September
A Tough Year For Commercial Real Estate:
MBA Predicts Steep Fall In Originations
CBRE To Cut Costs as Real Estate
Market Woes Persist, Profit Falls 56%
The Odds Are Stacked Against
Maturities Refinancing
CMBS Delinquency Rate Hits
New Post-Covid Peak
The Rise of Owner Financing
LA City Council Looks To Restart
Rent Hikes With 4% Increase
Report: Multifamily Sector
and its Debt Funding Gap

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

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Orange County Closed Sales - MikeLembeck.com

8
Closed Sales Last Week
35
Closed Sales - Average Days on Market
$2,195,192
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
3
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week

21
New Listings Last Week
7
Months of Inventory
204
Total Number of Active Listings
$728,284,586
Active Listings, Dollar Volume
3
Active Under Contract Last Week
5
Pending Listings Last Week
16
Expired Listings Last Week

Long Beach

Live MLS Link expires in 30 days after published

Live MLS Link PDF Link

Long Beach Closed Sales - MikeLembeck.com

8
Closed Sales Last Week
113
Closed Sales - Average Days on Market
$1,464,363
Closed Sales - Average Sales Price
4
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
3
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

4
New Listings Last Week
7
Months of Inventory
126
Total Number of Active Listings
$350,523,681
Active Listings, Dollar Volume
3
Active Under Contract Last Week
3
Pending Listings Last Week
5
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

73
Closed Sales Last Week
55
Closed Sales - Average Days on Market
$1,445,726
Closed Sales - Average Sales Price
30
Transactions Sold At or Above Asking Price
61
2-4 Unit Transactions Last Week
12
5+ Unit Transactions Last Week

120
New Listings Last Week
25
Months of Inventory
2,033
Total Number of Active Listings
$13,299,099,551
Active Listings, Dollar Volume
30
Active Under Contract Last Week
19
Pending Listings Last Week
78
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

8
Closed Sales Last Week
14
Closed Sales - Average Days on Market
$1,012,875
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
1
All Cash Transactions Last Week
8
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

25
New Listings Last Week
10
Months of Inventory
231
Total Number of Active Listings
$76,603,646
Active Listings, Dollar Volume
0
Active Under Contract Last Week
7
Pending Listings Last Week
12
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

8
Closed Sales Last Week
39
Closed Sales - Average Days on Market
$1,416,500
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
3
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

5
New Listings Last Week
17
Months of Inventory
105
Total Number of Active Listings
$412,956,516
Active Listings, Dollar Volume
2
Active Under Contract Last Week
3
Pending Listings Last Week
4
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

4
Closed Sales Last Week
73
Closed Sales - Average Days on Market
$333,725
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
18
Months of Inventory
133
Total Number of Active Listings
$273,737,990
Active Listings, Dollar Volume
0
Active Under Contract Last Week
2
Pending Listings Last Week
7
Expired Listings Last Week

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