Nov142015

Los Angeles County Housing Market Report: November 2015

OCHN_every_day (large)Historically, properties in this market sell at a 9.5% discount. Today’s discount is 13.7%. This market is 4.1% undervalued.

Median home price is $509,200 with a rental parity value of $593,600. This market’s discount is $84,400.

Monthly payment affordability has been improving over the last 1 month(s). Momentum suggests unchanging affordability.

Resale prices on a $/SF basis declined from $403/SF to $402/SF. Resale prices have been falling for 1 month(s).

Over the last 12 months, resale prices rose 3.8% indicating a longer term upward price trend.

Median rental rates increased $7 last month from $2,615 to $2,622. 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 = 8

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