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

Report: Renters Feeling Forced to Relocate https://link.socalmultifamilybroker.com/F2jw

Empty Offices Across Orange County Hit A Historic High Of 25% https://link.mikelembeck.com/FBin

Are Recession Leading Indicators Right? No One Knows For Sure https://link.socalmultifamilybroker.com/F4WI

Apartment Rent Growth Projections for the Next Five Years https://link.socalmultifamilybroker.com/F4__

Bracing For Change and More Uncertainty https://link.socalmultifamilybroker.com/F50F

Serious Delinquency Rate Crashes To 17-Year Low https://link.socalmultifamilybroker.com/F50u

Los Angeles Sued By Rental Property Owners Group Over Rent Increase Freeze https://link.socalmultifamilybroker.com/F50v

Nearly 1,000 Apartments On The Way To Southeast Long Beach https://link.socalmultifamilybroker.com/F513

Multifamily Cap Rates Stabilize After Three Quarters of Increases https://link.socalmultifamilybroker.com/F546

Banks Double Down on CRE Loan Reserves https://link.socalmultifamilybroker.com/F54E

Retail Space Demand Drops As Consumers Burn Off Savings https://link.socalmultifamilybroker.com/F659

High-Earning Households Exiting California And New York https://link.socalmultifamilybroker.com/F67W

Home Prices Up Again In Latest Case-Shiller Report https://link.socalmultifamilybroker.com/F67a 

Multifamily Sales Post Steep Year-Over-Year Decline for H1 2023 https://link.socalmultifamilybroker.com/F67d

Investors More Bullish About Multifamily Than Ever https://link.socalmultifamilybroker.com/F6RN

Multifamily Syndicators Face CRE Debt Exposure https://link.socalmultifamilybroker.com/F6RO

Expenses Will Likely Still Strain NOIs Even When Inflation Subsides https://link.socalmultifamilybroker.com/FA5e

Yes, the Fed Raised Rates Again. What Will Make It Stop? https://link.socalmultifamilybroker.com/FA5j

Will This Rate Hike Make a Difference? https://link.socalmultifamilybroker.com/FA5u

Nearly Half Of Us Homes In Q2 Were Equity-Rich https://link.socalmultifamilybroker.com/FAm_

CMBS Loans Give Insight Into Ongoing CRE Credit Crunch https://link.socalmultifamilybroker.com/FAvX

The Apartment Supply Pipeline Just Got Larger https://link.socalmultifamilybroker.com/FAw2

Orange County

10
Closed Sales Last Week
60
Closed Sales - Average Days on Market
$1,355,350
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
4
All Cash Transactions Last Week
9
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
15
New Listings Last Week
6
Months of Inventory
185
Total Number of Active Listings
$639,277,368
Active Listings, Dollar Volume
10
Active Under Contract Last Week
3
Pending Listings Last Week
0
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
20
Closed Sales - Average Days on Market
$1,442,000
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
3
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week
14
New Listings Last Week
5
Months of Inventory
101
Total Number of Active Listings
$286,712,196
Active Listings, Dollar Volume
4
Active Under Contract Last Week
1
Pending Listings Last Week
0
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