Los Angeles County Housing Market News: December 2014
Median home price is $473,200 with a rental parity value of $549,500. This market’s discount is $76,300.
Monthly payment affordability has been improving over the last 7 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $387/SF to $388/SF. Resale prices have been rising for 9 month(s).
Over the last 12 months, resale prices rose 10.4% indicating a longer term upward price trend.
Median rental rates declined $7 last month from $2,482 to $2,475. 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 = 7