SoCal Multifamily Sales Pulse - April 3, 2022 - April 9, 2022
268 views • Published on 11 April 2022
- Call or text me at 714-742-3700
- mikelembeck@gmail.com
The Pulse of the Market
Sales are still brisk and inventory levels have remained about the same. It seems that as soon as inventory hits the market and the total listings increase, they are absorbed by the market just as quickly. There’s been no sizeable increase in inventory this year. Will it happen and when is tough to say. Southern California multifamily is a solid investment and if you currently own property there are not a lot of better investments right now.
WHAT TO EXPECT
In the short term, I don’t expect much change from current conditions. We’ll see some investors drop out of the market as interest rates increase, but as mentioned in this week’s What’s Happening in the Market, cap rates aren’t anticipated to change much as long as rents continue to increase.
Give me a call if you’d like an analysis done on your property to determine your equity position for a potential sale or exchange. If you’re concerned about the availability of an upleg property when doing a 1031 exchange, we have access to a lot of inventory using the Delaware Statutory Trust to help satisfy the need for an exchange.
Mike Lembeck