Jun132015

Los Angeles County Housing Market Report: June 2015

lol-omg-wtfHistorically, properties in this market sell at a 9.5% discount. Today’s discount is 16.9%. This market is 7.4% undervalued.

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

OCHN_East_LA_Housing_Market_Report_2015-6

 

OCHN_East_LA_Housing_Market_Report_2015-6

OCHN_East_LA_Housing_Market_Report_2015-6

OCHN_East_LA_Housing_Market_Report_2015-6

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