Bakersfield Multi-Family Market January Update

Bakersfield Multi-Family Market Update - January

Hi, this is Phil Jordan with Jordan Apartment
Guys here in Bakersfield. I wanted to go over
a report of what the Bakersfield activity
is right now.

First, I wanted to start off
with December. So December was definitely
a seller’s market. We had 63 properties for
sale; super low inventory. And we had 21 close.
And there were actually 32 properties that
went pending. A fantastic month for December.

Now what we’ve got is, here we are January
13th and our inventory of apartment buildings
for sale in Bakersfield is down to 60. So
it’s a pretty hot market.

If you’re looking
to invest in Bakersfield, certainly give us
a call. We have strategies to reach out and
find property owners and find properties that
are not on the market. We look forward to
catching up with you. Thanks.

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