RESIDENTIAL - John Shamshoian
Demand is High
Inventory Low
Rising Prices
sales prices 19% up from prior year
Per Clarus, 54% lower in inventory from 2011 to 2013
1.8 month supply = 30 day
primary buyers are Gen Y, Move up Sellers, Ready Rebound Buyers, Investors,
10 - 12% up forecasted jump in pricing for next 12 months
MULTI FAMILY UNITS
Apt rent is at an all time high!
Single Family detached rentals as investments vehicles at $62/sq ft
For every 1/2 pt higher, NOI must rise 4%
Game Changers, new home construction and oil/gas boom
Pendulum is swinging back to buy homes again, especially in high rent areas!
Interest rates going up!
FINANCE - Matt Renney Mohr, Rurik Capital Group
Hotels up 61%
Multi Unit up 32%
OFFICE
Slow but steady progress
LTV difficult
concerns with political instability
vacancies low
values high
Rental rates even
slow demand
ag companies expanding in office and real estate
real estate related companies expanding in to office space
Class A/N Herndon
Class B/Downtown
EDUCATION
2.78% has 2yr degree+
2025 Ed Base
Ag - vertical integration to maintain jobs
Centralized location for high speed rail and Trade
Best Local Investments
Ag
SFR real estate
MFR real estate
RETAIL
Vacancy 10 to 11%
Big Box expanding
Stabilizing A Class property
E Commerce Biggest effect
People are very price conscience
Sprouts on the Rise
Fast Food
Dollar Stores
Drugstores
Discounter stores
Off Price apparel stores
Sporting Goods
Hobby/Arts & Crafts
Auto
New Development
El Paseo Shopping Center
Clovis Crossing
Campus Pointe
Peach Promenade
INDUSTRIAL
10% vacancy
slow and steady
almond & tree fruit pushing the industry
vandalism up
low vacancies
transitioning market from buyers to sellers
Amazon to have impact with new centers
New industries coming
Taxation challenges
Higher Rents
AG - Stan Kjar
Almonds biggest crop @ $3/lb
Grapes/Raisins out/replaced with nuts
Nuts in demand
Alfalfa/Corn = Ethhanol
Dairy hurting
Inventory low
Farmers making $!!!!
Interest rates low
Banks conservative and only lending LTV $35k for pistachios
only getting 50%
increase in cash transactions
refi up
Drop in water 20% Feds, 40% State
Water levels becoming major issue of concern
Average sale price $35k/acre for Pistachios, $17.5k Grapes, $15k Open Ground
Demand is High
Inventory Low
Rising Prices
sales prices 19% up from prior year
Per Clarus, 54% lower in inventory from 2011 to 2013
1.8 month supply = 30 day
primary buyers are Gen Y, Move up Sellers, Ready Rebound Buyers, Investors,
10 - 12% up forecasted jump in pricing for next 12 months
MULTI FAMILY UNITS
Apt rent is at an all time high!
Single Family detached rentals as investments vehicles at $62/sq ft
For every 1/2 pt higher, NOI must rise 4%
Game Changers, new home construction and oil/gas boom
Pendulum is swinging back to buy homes again, especially in high rent areas!
Interest rates going up!
FINANCE - Matt Renney Mohr, Rurik Capital Group
Hotels up 61%
Multi Unit up 32%
OFFICE
Slow but steady progress
LTV difficult
concerns with political instability
vacancies low
values high
Rental rates even
slow demand
ag companies expanding in office and real estate
real estate related companies expanding in to office space
Class A/N Herndon
Class B/Downtown
EDUCATION
2.78% has 2yr degree+
2025 Ed Base
Ag - vertical integration to maintain jobs
Centralized location for high speed rail and Trade
Best Local Investments
Ag
SFR real estate
MFR real estate
RETAIL
Vacancy 10 to 11%
Big Box expanding
Stabilizing A Class property
E Commerce Biggest effect
People are very price conscience
Sprouts on the Rise
Fast Food
Dollar Stores
Drugstores
Discounter stores
Off Price apparel stores
Sporting Goods
Hobby/Arts & Crafts
Auto
New Development
El Paseo Shopping Center
Clovis Crossing
Campus Pointe
Peach Promenade
INDUSTRIAL
10% vacancy
slow and steady
almond & tree fruit pushing the industry
vandalism up
low vacancies
transitioning market from buyers to sellers
Amazon to have impact with new centers
New industries coming
Taxation challenges
Higher Rents
AG - Stan Kjar
Almonds biggest crop @ $3/lb
Grapes/Raisins out/replaced with nuts
Nuts in demand
Alfalfa/Corn = Ethhanol
Dairy hurting
Inventory low
Farmers making $!!!!
Interest rates low
Banks conservative and only lending LTV $35k for pistachios
only getting 50%
increase in cash transactions
refi up
Drop in water 20% Feds, 40% State
Water levels becoming major issue of concern
Average sale price $35k/acre for Pistachios, $17.5k Grapes, $15k Open Ground
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