Market Values Stagnant Since '22 | Same for you?

[Steven S.]

I run comps a lot, and was noticing how values haven't changed much since late '22 to today. Typically, newer comps close for more than older comps per appreciation/inflation. What I'm noticing in a lot of areas out here are 2 year old comps that are selling at today's values.

📉 Take a look at the $/SF trends by segment for these markets:

📈 Here are the Rent/Absorption trends:

🤔 So, I’m curious—have you noticed this trend in your area? What do you think stagnant $/sf values alongside rising rental rates & absorption mean for the health of the market?

This is Los Angeles City-wide:

[Clayton Silva]

Definitely market specific, I have a few properties around the country and work with a lot of investors in almost every market.  Some markets are really booming, others are declining or stagnating.  It is super local market specific.

[Michael K Gallagher]

really depends where you are in our market and the specific asset itself.  The stuff that sits tends to be over priced junk in junk areas, or that have some issues with the listing, curb offers or what have you.  But if its in a good area, well presented and priced, it sees multiple offers still.