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

Report: National Apartment Rent Growth Likely to Be Negative https://link.socalmultifamilybroker.com/Cbif

Home Prices Will Probably Decline More in Coming Months https://link.socalmultifamilybroker.com/CclJ

CMBS Delinquencies Rise Sharply in February Following January Decline https://link.socalmultifamilybroker.com/Ccng

Housing Market Update: Home Prices Fall Annually For First Time In A Decade As Mortgage Rates Pass 7% https://link.socalmultifamilybroker.com/CcoR

Rent Control Is A Great Idea If You’re Trying To Destroy A City. Keep It Out Of Orange County https://link.socalmultifamilybroker.com/Ccqj

Apartment Operators Sue to Block Tenant Protections in Los Angeles https://link.socalmultifamilybroker.com/CdQx

It’s Raining Multifamily https://link.socalmultifamilybroker.com/CdR7

Commercial Property Pricing Inches Down Another 1.4% in February https://link.socalmultifamilybroker.com/CdRB

Economist’s View: Why the Fed Will Keep Raising Interest Rates https://link.socalmultifamilybroker.com/Cdap

Near-Record Multifamily Deliveries Will Mean Oversupply Only in the Short Term https://link.socalmultifamilybroker.com/Cedu

The Roller Coaster Ride Continues in 2023 https://link.socalmultifamilybroker.com/CfVx

Orange County’s Multifamily Sector Remains Highly Sought After By Investors https://link.socalmultifamilybroker.com/CfVj

Fed's Beige Book: CRE Activity Remains Steady https://link.socalmultifamilybroker.com/CfW1

Housing Market Momentum Stalls as Critical Spring Season Approaches https://link.socalmultifamilybroker.com/Cib9

Sellers Retreat From The Market, Increasing Inventory Shortage And Buoying Home Prices; Affordability Takes Step Back On Rising Interest Rates https://link.socalmultifamilybroker.com/CjF3

The 1031 Exchange Tax Deduction That Home Sellers And Real Estate Investors Have Been Using For Decades Is At Risk Of Being Sunset https://link.socalmultifamilybroker.com/CjF5

Homebuyers’ Monthly Payments Hit All-Time High As Mortgage Rates Rise, According To Redfin Report https://link.socalmultifamilybroker.com/CjX5

Orange County

8
Closed Sales Last Week
106
Closed Sales - Average Days on Market
$1,548,625
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
3
All Cash Transactions Last Week
6
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week
11
New Listings Last Week
8
Months of Inventory
154
Total Number of Active Listings
$560,891,795
Active Listings, Dollar Volume
4
Active Under Contract Last Week
3
Pending Listings Last Week
1
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

3
Closed Sales Last Week
73
Closed Sales - Average Days on Market
$1,564,000
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
0
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
6
New Listings Last Week
8
Months of Inventory
94
Total Number of Active Listings
$257,535,410
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


Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.28

Live MLS Link PDF Link