SoCal Multifamily Sales Pulse - February 5, 2023 - February 11, 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

Commercial Loan Closings Down 27% as 2022 Ends https://link.socalmultifamilybroker.com/CBma

Poll: When Will Financing and Transactions Pick Up the Pace? https://link.socalmultifamilybroker.com/CB-U

Is the Distress Here Yet? https://link.socalmultifamilybroker.com/CEjV

U.S. Foreclosure Activity Continues To Increase Annually For 21 Consecutive Months https://link.socalmultifamilybroker.com/CEjp

Ongoing Fed Rate Hikes Cause Little CRE Funding Change https://link.socalmultifamilybroker.com/CC6r

Markets are surging as fears about the economy fade. Why the optimists could be wrong https://link.socalmultifamilybroker.com/CC6u

Many Must Work Three, Four Minimum Wage Jobs to Afford an Apartment https://link.socalmultifamilybroker.com/CC6z

CMBS Bankruptcies Are an Aspect of Distress to Watch https://link.socalmultifamilybroker.com/CC7z

High interest rates stymie apartment investment https://link.socalmultifamilybroker.com/CEje

Here is Where You Will Find Distress in Multifamily https://link.socalmultifamilybroker.com/CCEO

Goldman Sachs makes a bold housing market call https://link.socalmultifamilybroker.com/CCml 

Powell Expects Housing Disinflation in Second Half of Year https://link.socalmultifamilybroker.com/CCmw

'We May Be At The Turning Point' For Rate Hikes, Inflation https://link.socalmultifamilybroker.com/CCm_

Los Angeles rents dip in January, Zumper report finds https://link.socalmultifamilybroker.com/CDQM

Fed Reports Tighter Standards and Weaker Demand for CRE Loans https://link.socalmultifamilybroker.com/CDVj

Half of Americans feel worse off financially, highest since 2009 https://link.socalmultifamilybroker.com/CEjR

Orange County

Live MLS Link expires in 30 days after published

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Orange County Closed Sales - MikeLembeck.com

Absorption Rate: 6.21 months
Avg. Cap Rate: 4.47%
Avg. Gross Rent Multiplier: 14.88
5
Closed Sales Last Week
41
Closed Sales - Average Days on Market
$2,057,000
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
3
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

7
New Listings Last Week
8
Months of Inventory
136
Total Number of Active Listings
$523,077,690
Active Listings, Dollar Volume
2
Active Under Contract Last Week
3
Pending Listings Last Week
1
Expired Listings Last Week

Long Beach

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Long Beach Closed Sales - MikeLembeck.com

Absorption Rate: 10.5 months
Avg. Cap Rate: 4.62%
Avg. Gross Rent Multiplier: 14.28
6
Closed Sales Last Week
55
Closed Sales - Average Days on Market
$934,500
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
2
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

6
New Listings Last Week
17
Months of Inventory
88
Total Number of Active Listings
$210,680,737
Active Listings, Dollar Volume
3
Active Under Contract Last Week
3
Pending Listings Last Week
2
Expired Listings Last Week

Los Angeles County

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Live MLS Link PDF Link

Los Angeles County Closed Sales - MikeLembeck.com

Absorption Rate: 8.22 months
Avg. Cap Rate: 4.62%
Avg. Gross Rent Multiplier: 14.31
39
Closed Sales Last Week
50
Closed Sales - Average Days on Market
$1,307,496
Closed Sales - Average Sales Price
14
Transactions Sold At or Above Asking Price
32
2-4 Unit Transactions Last Week
7
5+ Unit Transactions Last Week

105
New Listings Last Week
32
Months of Inventory
1,574
Total Number of Active Listings
$10,910,606,315
Active Listings, Dollar Volume
30
Active Under Contract Last Week
33
Pending Listings Last Week
21
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: 4.63 months
Avg. Cap Rate: 4.66%
Avg. Gross Rent Multiplier: 14.4
7
Closed Sales Last Week
32
Closed Sales - Average Days on Market
$1,143,143
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
3
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week

17
New Listings Last Week
61
Months of Inventory
130
Total Number of Active Listings
$107,123,046
Active Listings, Dollar Volume
0
Active Under Contract Last Week
19
Pending Listings Last Week
6
Expired Listings Last Week

Riverside County

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Live MLS Link PDF Link

Riverside County Closed Sales - MikeLembeck.com

Absorption Rate: 7.66 months
Avg. Cap Rate: 5.6%
Avg. Gross Rent Multiplier: 11.92
3
Closed Sales Last Week
48
Closed Sales - Average Days on Market
$781,333
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
0
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week

4
New Listings Last Week
28
Months of Inventory
88
Total Number of Active Listings
$340,444,683
Active Listings, Dollar Volume
2
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: 4.68 months
Avg. Cap Rate: 6.4%
Avg. Gross Rent Multiplier: 9.55
5
Closed Sales Last Week
53
Closed Sales - Average Days on Market
$1,517,800
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

12
New Listings Last Week
22
Months of Inventory
120
Total Number of Active Listings
$241,532,401
Active Listings, Dollar Volume
2
Active Under Contract Last Week
3
Pending Listings Last Week
2
Expired Listings Last Week

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