Disclaimer: All information contained herein is obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only. We make no claim(s) as to the accuracy or reliability of the information presented. If you wish for us to analyze your specific property or situation please feel free to call or email us anytime.


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

House prices might plunge 20% in the hottest US markets - and the slump could hammer the wider economy, top investor says https://link.socalmultifamilybroker.com/BA4M

Where home prices are headed in 2023—this map shows CoreLogic’s revised outlook for 392 housing markets https://link.socalmultifamilybroker.com/BFd7 

Multifamily Developers Seeing ‘Signs of a Slowdown’ https://link.socalmultifamilybroker.com/BBM2

Is a Soft Landing Still Possible? Maybe https://link.socalmultifamilybroker.com/BByp

Foreclosure upswing approaches pre-pandemic levels https://link.socalmultifamilybroker.com/BCC-

Jobless claims unexpectedly rise to highest level since August https://link.socalmultifamilybroker.com/BDpq

Top economist Mohamed El-Erian says we’re not just headed for another recession, but a ‘profound economic and financial shift’ https://link.socalmultifamilybroker.com/BEDP  

What’s The Outlook For The Housing Market? https://link.socalmultifamilybroker.com/BEyL

Opinion: Homeowners should prepare for an ugly 2023, but it’s unlikely we’ll have a repeat of 2008 https://link.socalmultifamilybroker.com/BEyM

Why the US housing market slowed at sharpest pace ‘since the financial crisis’ https://link.socalmultifamilybroker.com/BEyN

The Housing Market is Worse Than You Think https://link.socalmultifamilybroker.com/BEz0

Orange County

5
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$2,547,778
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
2
New Listings Last Week
5
Months of Inventory
182
Total Number of Active Listings
$608,676,443
Active Listings, Dollar Volume
4
Active Under Contract Last Week
2
Pending Listings Last Week
2
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 4.29 months
Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.92

Live MLS Link PDF Link


Southern California

5
Closed Sales Last Week
70
Closed Sales - Average Days on Market
$1,236,200
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week
1
New Listings Last Week
7
Months of Inventory
120
Total Number of Active Listings
$315,961,486
Active Listings, Dollar Volume
2
Active Under Contract Last Week
1
Pending Listings Last Week
0
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 4.53 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.29

Live MLS Link PDF Link