Los Angeles County Housing Market Report: June 2015
Median home price is $479,600 with a rental parity value of $569,000. This market’s discount is $89,400.
Monthly payment affordability has been improving over the last 8 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $394/SF to $396/SF. Resale prices have been rising for 3 month(s).
Over the last 12 months, resale prices rose 8.9% indicating a longer term upward price trend.
Median rental rates increased $11 last month from $2,501 to $2,513. 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