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Orange County Multi-Family Report for Q4

Multi-Family Report 2018

Q4 has come to a close. As we look back on the successes of 2018, we reflect on the multifamily market which impacts so many of our property owners. We’ll start on a macro scale and hone in on the micro aspects of the market. Here is our 2018 Q4 multi-family report recap:

  • Orange County’s economy grew at a rate of 3.6%
  • The population of OC has grown over 3% in the last 6 years
  • Unemployment was 2.8% as of November 2018
  • The occupancy rate measured 96.2%
  • Average cap rate stood at 4.55%
  • Price per unit averaged $342,000 for 5+ units
  • Price per square foot rose to $341
  • Sales volume is down 29% year-over-year
  • Rent increased by 2.6%

As a property management company, we are proud to say our growth in 2018 has exceeded our previous years. Managing over 50 doors throughout Orange County, we strive to provide the highest level of customer service to our clients. In doing so, we’re expanding rapidly! With 17 years in business, our reputation speaks for itself. Just read our Yelp reviews.

Posted by: kregkurt on February 4, 2019
Posted in: Uncategorized