Mar142015

Los Angeles County Housing Market Report: March 2015

1for-sale-sign-animatedHistorically, properties in this market sell at a 9.5% discount. Today’s discount is 16.7%. This market is 7.2% undervalued.

Median home price is $467,600 with a rental parity value of $563,700. This market’s discount is $96,100.

Monthly payment affordability has been improving over the last 10 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis declined from $395/SF to $389/SF. Resale prices have been falling for 1 month(s).

Over the last 12 months, resale prices rose 9.0% indicating a longer term upward price trend.

Median rental rates increased $4 last month from $2,474 to $2,478. The current capitalization rate (rent/price) is 5.1%.

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

Market rating = 7

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