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

2023 Outlook: Tighter Due Diligence, Aggressive Asset Management https://link.socalmultifamilybroker.com/BY4-

Unhappy new year? Poll finds Americans wary of the nation's course, its leaders and its future ahead of 2023 https://link.socalmultifamilybroker.com/BY5Q

Builder Confidence Declined Every Month This Year https://link.socalmultifamilybroker.com/BYnb

Raising rates changes the name of the game for CRE financing https://link.socalmultifamilybroker.com/BYqn

Rents are still high, even after cooling at the fastest pace in 19 months https://link.socalmultifamilybroker.com/BYre

US May Impose Mandatory Limits on Colorado River Water Use https://link.socalmultifamilybroker.com/BYvq

‘Slow-motion train wreck’: Economist Dr. Doom is extra gloomy as he warns of a ‘deep and protracted’ recession—and says World War III has already begun https://link.socalmultifamilybroker.com/BZFk

Top Ten CRE Predictions for 2023 https://link.socalmultifamilybroker.com/BZOB

Santa Ana landlords must register rentals under new law https://link.socalmultifamilybroker.com/BaNI

Existing home sales in California falling faster than national average https://link.socalmultifamilybroker.com/BaQN

Peter Reagan: This Housing Bubble Could Be Worse Than 2008 https://link.socalmultifamilybroker.com/Babk

California Has 41% Of The Nation’s Million-Dollar Homes https://link.socalmultifamilybroker.com/Basj

Orange County

11
Closed Sales Last Week
58
Closed Sales - Average Days on Market
$2,092,657
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
7
All Cash Transactions Last Week
11
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week
2
New Listings Last Week
5
Months of Inventory
157
Total Number of Active Listings
$609,335,484
Active Listings, Dollar Volume
1
Active Under Contract Last Week
2
Pending Listings Last Week
2
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 3.56 months
Avg. Cap Rate: 4.47%
Avg. Gross Rent Multiplier: 14.88

Live MLS Link PDF Link


Southern California

1
Closed Sales Last Week
1
Closed Sales - Average Days on Market
$949,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
0
All Cash Transactions Last Week
1
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week
3
New Listings Last Week
10
Months of Inventory
91
Total Number of Active Listings
$297,510,966
Active Listings, Dollar Volume
2
Active Under Contract Last Week
0
Pending Listings Last Week
4
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 6.72 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.31

Live MLS Link PDF Link