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

Fed Minutes: Don’t Hold Your Breath for Lower Interest Rates https://link.socalmultifamilybroker.com/CS1G

Re/Max: Home Price Appreciation May Have Stabilized https://link.socalmultifamilybroker.com/CLEu

CRE Prices Continue To Drop While Blackstone Tries To Keep Investors From Bailing https://link.socalmultifamilybroker.com/CLOn

Columbia REIT Defaults on $1.7B of Office Portfolio Loans https://link.socalmultifamilybroker.com/CT9m

U.S. Home Value Declines $2.3T in Biggest Drop Since 2008 https://link.socalmultifamilybroker.com/CSkc

Multifamily Buyers, Sellers Waiting for the Other Side to Blink https://link.socalmultifamilybroker.com/CMIn

M&T: 20% of Bank's Office CMBS Loans in Danger of Default https://link.socalmultifamilybroker.com/CMIo

Simon Seeks Extension for $295M Loan on California Mall https://link.socalmultifamilybroker.com/CMIu

Berkadia Sees Multifamily Normalize to Pre-Pandemic Levels https://link.socalmultifamilybroker.com/CMPn

The California Exodus Continues https://link.socalmultifamilybroker.com/CPMa

Fannie Mae Sees Fed Pursuing “Higher for Longer” Interest Rate Policy https://link.socalmultifamilybroker.com/CPNe

Little Distress Likely For Multifamily As 2023 Continues https://link.socalmultifamilybroker.com/CPdS

Single-Family Rent Growth Projected to Slow Throughout 2023 https://link.socalmultifamilybroker.com/CPfQ

Berkadia’s Powerhouse Poll Forecasts Increase in Apartment Supply This Year https://link.socalmultifamilybroker.com/CRmV

Wall Street's Elite Investors Are Privately Warning That The Stock Market Is Headed For Another Scary Plunge https://link.socalmultifamilybroker.com/CRmc

Is Santa Ana’s rent control law legal? OC Apartment Association says no https://link.socalmultifamilybroker.com/CRqb

U.S. Homebuyers Start To Regain Upper Hand in 2023 https://link.socalmultifamilybroker.com/CSk7

CRE Prices Slide at a Rate Not Seen Since 2010 https://link.socalmultifamilybroker.com/CTBu

Flying Blind: Instruments-Only Economic Landing Coming https://link.socalmultifamilybroker.com/CTB_

Orange County

6
Closed Sales Last Week
60
Closed Sales - Average Days on Market
$1,952,167
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
2
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week
15
New Listings Last Week
8
Months of Inventory
153
Total Number of Active Listings
$527,690,491
Active Listings, Dollar Volume
3
Active Under Contract Last Week
3
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

3
Closed Sales Last Week
82
Closed Sales - Average Days on Market
$1,576,667
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
1
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
6
New Listings Last Week
18
Months of Inventory
91
Total Number of Active Listings
$221,147,637
Active Listings, Dollar Volume
7
Active Under Contract Last Week
1
Pending Listings Last Week
0
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