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

Orange County Multifamily Report – April 2023 https://link.socalmultifamilybroker.com/D-jV

2023 Midyear Commercial Real Estate Outlook – Webinar June 1, 2023 https://link.socalmultifamilybroker.com/D-jR

New Multifamily Survey Finds Conditions Have Stabilized https://link.socalmultifamilybroker.com/D-jb

SFR Rents Continue to Decline But Some Investors Remain Undeterred https://link.socalmultifamilybroker.com/D-jg

Bankruptcy Bingo is the Latest Headwind for CRE https://link.socalmultifamilybroker.com/D-jj

A Guide to Valuing Buildings Amid Less Debt and Changing Cap Rates https://link.socalmultifamilybroker.com/D-jm

Rocket Mortgage Unveils 1% Down Payment Program https://link.socalmultifamilybroker.com/D_to

Blue-Chip Investors Driving CRE Defaults https://link.socalmultifamilybroker.com/D_uM

Forget Fed Rate Cuts Until 2024 Says Economist Group https://link.socalmultifamilybroker.com/D_yh

Cap Rates for Garden and High-Rise Apartments Have Converged. Now What? https://link.socalmultifamilybroker.com/D_yk

PacWest Sells CRE Loan Portfolio to Kennedy-Wilson for $2.4B https://link.socalmultifamilybroker.com/D_yo

Fitch Ratings Warns Commercial Real Estate Risks Are Not Limited To Office Properties https://link.socalmultifamilybroker.com/E1ih

Small-Time Multifamily Investors Go Belly-Up https://link.socalmultifamilybroker.com/E1il

CRE Has Softened But Not Evenly https://link.socalmultifamilybroker.com/E1j6

Debt Ceiling Crisis Puts Commercial Real Estate On Edge https://link.socalmultifamilybroker.com/E2SO

Home Sales Slump Across Southern California https://link.socalmultifamilybroker.com/E2SP

Mortgage Delinquency Rate Bounced Up In April https://link.socalmultifamilybroker.com/E2X6

Some in Federal Reserve Think 2% Inflation Goal Ultimately Has Room to Change https://link.socalmultifamilybroker.com/E5r7

All Major Property Types Post Annual Declines https://link.socalmultifamilybroker.com/E5r9

Orange County

10
Closed Sales Last Week
89
Closed Sales - Average Days on Market
$1,328,800
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
3
All Cash Transactions Last Week
10
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week
10
New Listings Last Week
6
Months of Inventory
165
Total Number of Active Listings
$661,554,577
Active Listings, Dollar Volume
5
Active Under Contract Last Week
1
Pending Listings Last Week
0
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.92

Live MLS Link PDF Link


Southern California

7
Closed Sales Last Week
53
Closed Sales - Average Days on Market
$1,205,214
Closed Sales - Average Sales Price
6
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
0
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week
3
New Listings Last Week
11
Months of Inventory
96
Total Number of Active Listings
$302,599,007
Active Listings, Dollar Volume
4
Active Under Contract Last Week
1
Pending Listings Last Week
2
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.33

Live MLS Link PDF Link