Local Market Insight

A recent article in Commercial Investment Real Estate Magazine predicted that in 2009, real estate values would remain level or slightly decline and that there would be pockets of opportunity and a return to investment fundamentals.

Local market insight was given by Jeffrey W. Eales, CCIM, CPM, from Birtcher Anderson.

Local Market Insight:
Orange County, CA Sellers' expectations are still in the 2Q07 timeframe. . Most deals are made anywhere from 10 percent to 20 percent below list price. . The disconnect is partially with sellers and partially with brokers. Offering memorandums showing a 7 percent rent growth rate in Orange County are not realistic. . [Either] brokers are telling sellers what they want to hear to get a listing or sellers haven't recognized the new reality of the market.

- Jeffrey W. Eales, CCIM, CPM,
Birtcher Anderson Properties

BirtcherAnderson Realty, LLC, is an investment entity formed in 2004 by industry veterans Arthur Birtcher and Bob Anderson within the Birtcher Real Estate Family of Companies to focus solely on commercial real estate investment and development. .