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Here's What's Happening In The Market, Here’s What This Means For You

Commercial/Multifamily Mortgage Originations Down 53% From Last Year https://link.socalmultifamilybroker.com/FWtL

California Home Prices Record First Year-Over-Year Uptick Since October https://link.socalmultifamilybroker.com/FWtO

CRE Property Insurance Spikes Again in Q2 https://link.socalmultifamilybroker.com/FWyc

Improving Indicators Bode Well For CRE Later This Year https://link.socalmultifamilybroker.com/FWz3

Uncertainty Continues for Commercial Lending Market, Project Pipeline https://link.socalmultifamilybroker.com/FXFA

Rent Prices Continue Downward Trend https://link.socalmultifamilybroker.com/FaPQ

Rent Caps Take Effect in 12 Counties Amid Tropical Storm Hilary https://link.socalmultifamilybroker.com/FaRH

A Painful Evaluation of the Current State of CRE https://link.socalmultifamilybroker.com/Fj_a

Default Imminent on $384M Loan for NEMA San Francisco Tower https://link.socalmultifamilybroker.com/Fk6O

Record Levels of Household Debt: 'Not to Worry' https://link.socalmultifamilybroker.com/Fk84

Goldman Sachs: Government Shutdown 'More Likely Than Not' https://link.socalmultifamilybroker.com/FkBy

Commentary: The Economy’s Ongoing Mixed Signals https://link.mikelembeck.com/Fk_t

Morningstar: Multifamily Should Remain Strong Despite Uncertainty https://link.socalmultifamilybroker.com/FzbI

Existing-Home Sales Suffer 16.6% Annual Decline https://link.socalmultifamilybroker.com/FzbQ

Brand-New San Francisco Condo Complex Handed Back to Lender https://link.socalmultifamilybroker.com/FzeH

A Painful Evaluation of the Current State of CRE https://link.socalmultifamilybroker.com/FzeJ

Why Apartment Landlords Are Confident About 2024 https://link.socalmultifamilybroker.com/FzeK

California Homebuyers Must Pony Up Record Monthly Payment Of $4,359 https://link.socalmultifamilybroker.com/FzpG

Landlords With $1.2 Trillion In Debt Face Rising Default Risks https://link.socalmultifamilybroker.com/F-QB

Foreclosure Inventory Hits 15-Month Low https://link.socalmultifamilybroker.com/F-QE

Insurance Prices Per Apartment Unit Rise 33% YoY https://link.socalmultifamilybroker.com/F-Vo

Santa Ana Landlords Face Deadline For Rent-Control Registry https://link.socalmultifamilybroker.com/G1-y

CRE Sales Volumes Show Signs of Life in Q2 https://link.socalmultifamilybroker.com/G2Cq

$626B in CRE Debt Maturing in the Next Two Years is Potentially Troubled https://link.socalmultifamilybroker.com/G2Cs

Higher Vacancy, Steady Demand for Multifamily https://link.socalmultifamilybroker.com/G2Eh

Fed Chair Powell Makes Clear That Monetary Pressure Isn’t Over https://link.socalmultifamilybroker.com/G2Ei

Report: 1 Million New Rental Housing Units To Be Ready By 2025 https://link.socalmultifamilybroker.com/G2Ej

Orange County

13
Closed Sales Last Week
41
Closed Sales - Average Days on Market
$1,900,769
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
11
Financed Transactions Last Week
2
All Cash Transactions Last Week
11
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week
7
New Listings Last Week
7
Months of Inventory
192
Total Number of Active Listings
$751,161,507
Active Listings, Dollar Volume
8
Active Under Contract Last Week
4
Pending Listings Last Week
2
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.87

Live MLS Link PDF Link


Southern California

3
Closed Sales Last Week
105
Closed Sales - Average Days on Market
$1,502,667
Closed Sales - Average Sales Price
0
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
5
New Listings Last Week
10
Months of Inventory
111
Total Number of Active Listings
$302,348,586
Active Listings, Dollar Volume
2
Active Under Contract Last Week
4
Pending Listings Last Week
2
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.17

Live MLS Link PDF Link