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

Investor Preference for CRE Drops for Fifth Straight Quarter https://link.socalmultifamilybroker.com/E-S6

 After Rate Hike Pause, CPE 100 Are Staying the Course https://link.socalmultifamilybroker.com/E-SA

Retail, Office Lead as CMBS Delinquencies Rise for Second Month https://link.socalmultifamilybroker.com/E-mf

LA Home Prices Dip In May, But Forecast Points To Rally This Year https://link.socalmultifamilybroker.com/E_LK

Checking Whether Higher Risk Is Priced Into CRE https://link.socalmultifamilybroker.com/E_SY

Economists Wonder Whether There Might Be a Soft Landing After All https://link.socalmultifamilybroker.com/E_Sa

Up, Up, Up Goes the Trajectory for the Most Expensive U.S. Housing Markets https://link.socalmultifamilybroker.com/E_cS

Housing Market Stuck In Biggest Freeze In A Decade https://link.socalmultifamilybroker.com/F0LB

Southern California’s Empty Offices Surge 67% In Pandemic Era https://link.socalmultifamilybroker.com/F0LC

New York Fed Study Finds Rising Level Of Loan Application Rejections https://link.socalmultifamilybroker.com/F0LL

NMHC Reports Further Decline in Apartment Market Conditions https://link.socalmultifamilybroker.com/F0LR

More Office Delinquencies On the Way, Says Moody’s Analytics https://link.socalmultifamilybroker.com/F0Os

What YTD Rent Growth Reveals About Apartment Demand https://link.socalmultifamilybroker.com/F0Ot

Most Federal Agencies Are Using Less Than 25% of Office Space https://link.socalmultifamilybroker.com/F0Ou

Los Angeles Multifamily Sales Volume Down 66% https://link.socalmultifamilybroker.com/F1V8

Opportunities Open Up for Investors Looking for CRE Distress https://link.socalmultifamilybroker.com/F1VA

Expert: It's Too Early to Tell If the Fed Engineered Its Soft Landing https://link.socalmultifamilybroker.com/F1Vn

Builder Confidence Rises Despite Rising Rates, Material Costs, Labor and Lot Inventory https://link.mikelembeck.com/F1Vz

Commercial Property Prices Fall 10.2% from a Year Ago https://link.socalmultifamilybroker.com/F2Kn

The Pace of CRE Price Declines is Moderating https://link.socalmultifamilybroker.com/F2Kt

Multifamily Dealmakers Report More Activity https://link.socalmultifamilybroker.com/F2Kp

CRE Carrying Costs Are Nearly as Burdensome as Interest Rates https://link.socalmultifamilybroker.com/F2Kr

A Stubborn Bid-Ask Gap is Keeping CRE Transactions Down https://link.socalmultifamilybroker.com/F2Ks

Orange County

4
Closed Sales Last Week
33
Closed Sales - Average Days on Market
$982,500
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
3
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
13
New Listings Last Week
6
Months of Inventory
186
Total Number of Active Listings
$637,165,967
Active Listings, Dollar Volume
7
Active Under Contract Last Week
2
Pending Listings Last Week
4
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

5
Closed Sales Last Week
50
Closed Sales - Average Days on Market
$1,596,800
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week
9
New Listings Last Week
5
Months of Inventory
98
Total Number of Active Listings
$280,860,196
Active Listings, Dollar Volume
4
Active Under Contract Last Week
2
Pending Listings Last Week
2
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.17

Live MLS Link PDF Link