Los Angeles County Housing Market Report: May 2015
Median home price is $475,100 with a rental parity value of $578,200. This market’s discount is $103,100.
Monthly payment affordability has been improving over the last 7 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $390/SF to $394/SF. Resale prices have been rising for 2 month(s).
Over the last 12 months, resale prices rose 9.5% indicating a longer term upward price trend.
Median rental rates increased $15 last month from $2,486 to $2,501. 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 = 8