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Sales Volume Limited in SoCal Market

SAN DIEGO-A lack of sellers and a plethora of buyers results in high demand prices in the area, says a Real Estate Forum top broker team in San Diego.

By Natalie Dolce | Updated on January 14, 2014

SAN DIEGO-“Sales volume continues to be limited in the Southern California marketplace due to a lack of sellers and a plethora of buyers, resulting in high demand and prices.” We recently touched base with Real Estate Forum top broker team Dixie Hall, first vice president of CBRE San Diego, along with Kevin Mulhern, SVP and Rachel Parsons, senior associate, on their thoughts on the San Diego market.

According to the team, cap rates are anticipated to remain level near the low 4% range in the A class properties, with continued downward pressure on cap rates for B and C class assets. This is “due to the low interest rate environment and lucrative cash on cash returns achievable in this product type—particularly with value-add opportunities,” the team says.

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