Dec202015

Los Angeles County Housing Market Report: December 2015

free_postsHistorically, properties in this market sell at a 9.5% discount. Today’s discount is 14.4%. This market is 4.9% undervalued.

Median home price is $505,600 with a rental parity value of $590,700. This market’s discount is $85,100.

Monthly payment affordability has been improving over the last 2 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $423/SF to $429/SF. Resale prices have been rising for 4 month(s).

Over the last 12 months, resale prices rose 10.7% indicating a longer term upward price trend.

Median rental rates increased $8 last month from $2,633 to $2,641. The current capitalization rate (rent/price) is 5.0%.

Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.

Market rating = 6

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