Los Angeles County Housing Market Report: June 2016
Median home price is $527,900 with a rental parity value of $621,600. This market’s discount is $93,700.
Monthly payment affordability has been improving over the last 4 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $418/SF to $421/SF. Resale prices have been rising for 11 month(s).
Over the last 12 months, resale prices rose 7.6% indicating a longer term upward price trend.
Median rental rates increased $19 last month from $2,666 to $2,686. The current capitalization rate (rent/price) is 4.9%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 6