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

High interest rates stymie apartment investment https://link.socalmultifamilybroker.com/CFAU

'Near Record' Amounts of Idle Capital Could Boost Sales This Year https://link.socalmultifamilybroker.com/CHww

After Years of High Performance, Multifamily Steps Back in 2023 https://link.socalmultifamilybroker.com/CFDf

Map: Here's where home prices are dropping the most https://link.socalmultifamilybroker.com/CFqZ

California apartment rents slide for the fifth straight month https://link.socalmultifamilybroker.com/CG_I

Biden Administration Starts Rolling Out Proposed Building Materials Rules https://link.socalmultifamilybroker.com/CG_T

As Inflation Ticks Back Up to 6.4%, It’s Time for a Broader View https://link.socalmultifamilybroker.com/CHws

Brookfield Defaults on Two Los Angeles Office Towers, $784M in Loans https://link.socalmultifamilybroker.com/CHwv

California, New York Renters Leaving, Taking High Incomes with Them https://link.socalmultifamilybroker.com/CHxB

Investors Are Fleeing the Home-Buying Market https://link.socalmultifamilybroker.com/CIO7

Inflation Is Up and Other Bad Economic Signs https://link.socalmultifamilybroker.com/CJXl

Goldman Sachs, Bank of America expect three more U.S. rate hikes this year https://link.socalmultifamilybroker.com/CKcp

Simon Property Group Misses Maturity on $295M Mall Loan https://link.socalmultifamilybroker.com/CKfa 

Orange County

6
Closed Sales Last Week
92
Closed Sales - Average Days on Market
$1,777,833
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
1
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
12
New Listings Last Week
9
Months of Inventory
141
Total Number of Active Listings
$586,492,691
Active Listings, Dollar Volume
2
Active Under Contract Last Week
2
Pending Listings Last Week
1
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 6.21 months
Avg. Cap Rate: 4.47%
Avg. Gross Rent Multiplier: 14.88

Live MLS Link PDF Link


Southern California

6
Closed Sales Last Week
55
Closed Sales - Average Days on Market
$1,360,068
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
0
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week
9
New Listings Last Week
18
Months of Inventory
94
Total Number of Active Listings
$221,205,637
Active Listings, Dollar Volume
2
Active Under Contract Last Week
2
Pending Listings Last Week
1
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 10.5 months
Avg. Cap Rate: 4.62%
Avg. Gross Rent Multiplier: 14.28

Live MLS Link PDF Link