So Cal Multifamily Sales Pulse - October 22, 2023 - October 28, 2023

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

What Apartment Rent Growth Will Look Like in 2024 According to One Economist	Soft Landing Still Possible for U.S. Economy: Moody’s
Waiting Capital Could Put a Floor Under Distressed Sales	California Leads U.S. For Housing Shortfall
MBA Forecasts 46% Decline In Commercial And Multifamily Mortgage Activity For 2023	NMHC: Apartment Sales Continue Pulling Back
Multifamily Strategies For Challenging Times	The Fed Says CRE Valuations Are Still Elevated
When the Economy Says Jump, How High Will Interest Rates Go?	U.S. Commercial Real Estate Debt Grew 5.9% in Q2
California House Payments Jump 127% In Pandemic Era With Rates At 23-Year High	Apartment Rents Decline for Fifth Consecutive Month
16.3% Of Home Purchase Agreements Were Canceled In September	MBA Predicts 46% Slump in CRE Lending This Year
New CRE Loan Production Seen Increasing into Q4	Investors Weigh Debt and Equity Amid Uncertainty
Americans Are Struggling To Pay Their Debts As Economy Tightens	Multifamily's Sudden Jump in Maturity Defaults
Multifamily Conditions Continue to Weaken, Survey Shows	CRE Loan Delinquencies Post Four Consecutive Quarters of Increases
Stages of Asset Distress	Commercial-Property Distress in the US Rises to a 10-Year High
Bridge Lending Becomes Stopgap Until Capital Markets Improve	LA Rents Have Been Frozen Since Early 2020. Some Council Members Want Another Six-Month Pause
Big GDP Growth in Q3. So What’s the Fed Going To Do?	Mortgage Application Activity Continues To Slump
Fed’s Interest Rate Decisions 'Destroyed' Commercial Real Estate Market, Expert Warns	12 Spooky Bodies Haunting California’s Housing Market

Orange County

Closed Sales Last Week

Closed Sales - Average Days on Market

$1,488,750

Closed Sales - Average Sales Price

Transactions Sold At or Above Asking Price

Financed Transactions Last Week

All Cash Transactions Last Week

2-4 Unit Transactions Last Week

5+ Unit Transactions Last Week

New Listings Last Week

Months of Inventory

201

Total Number of Active Listings

$779,901,413

Active Listings, Dollar Volume

Active Under Contract Last Week

Pending Listings Last Week

Expired Listings Last Week

Looking For A Bargain?

Click Here and We’ll Send You The Best Deal in Orange County

Orange County Closed Sales - MikeLembeck.com

Avg. Cap Rate: 4.44%

Avg. Gross Rent Multiplier: 14.74

List of Closed Sales

Live MLS Link

Southern California