SoCal Multifamily Sales Pulse - June 14, 2021 - June 20, 2021

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

Cap Rates Facing Downward Pressure for Many Types of CRE

Investors flush with lots of capital are looking for properties to buy.

Cap rates are facing significant downward pressure for many types of commercial real estate from apartments to self-storage facilities to hotels and industrial properties. There is tremendous market liquidity and the pricing structure is particularly strong with price surges fueled by big market activity and low-interest rates.

Many investors will find selling is a much better option now than holding for one to three years particularly if they believe capital gains taxes and interest rates will rise.

Call me today for a free market analysis and to discuss your options.

Orange County

15
Closed Sales Last Week
24
Closed Sales - Average Days on Market
$1,884,933
Closed Sales - Average Sales Price
6
Transactions Sold At or Above Asking Price
10
Financed Transactions Last Week
5
All Cash Transactions Last Week
12
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week
20
New Listings Last Week
2
Months of Inventory
150
Total Number of Active Listings
$522,502,948
Active Listings, Dollar Volume
13
Active Under Contract Last Week
5
Pending Listings Last Week
3
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 1.63 months
Avg. Cap Rate: 4.22%
Avg. Gross Rent Multiplier: 14.95

Live MLS Link


Southern California

10
Closed Sales Last Week
46
Closed Sales - Average Days on Market
$1,705,700
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
8
Financed Transactions Last Week
2
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week
12
New Listings Last Week
3
Months of Inventory
109
Total Number of Active Listings
$230,502,982
Active Listings, Dollar Volume
9
Active Under Contract Last Week
9
Pending Listings Last Week
4
Expired Listings Last Week

Southern California Closed Sales - MikeLembeck.com


Absorption Rate: 1.98 months
Avg. Cap Rate: 4.77%
Avg. Gross Rent Multiplier: 13.3

Live MLS Link