Quarterly Report Q3 2025

South Coast commercial sales showed steady progress through the third quarter of 2025. After a very slow start to the year, the pace of closings quickened this summer, and momentum appears to be gradually building month by month. While overall activity remains below the region’s long-term average, the tone has shifted from cautious to cautiously optimistic. Through September, 53 commercial transactions closed across all property types, matching last year’s count at this point, though still about 20% shy of the five-year norm. Total non-hotel dollar volume reached $174 million, a notable 28% improvement from a year ago. The scarcity of sales above $5 million persists, down more than 50% from the 5-year average. However, there are signs of rebounding appetite for properties above that price threshold: none closed in Q1, four in Q2, five in Q3(including two hotels), and more in process so far in Q4. Read the full 7 page report here: 2025-Q3-HayesCommercial.pdf