Los Angeles County Housing Market Report: October 2015
Median home price is $510,000 with a rental parity value of $590,000. This market’s discount is $80,000.
Monthly payment affordability has been worsening over the last 5 month(s). Momentum suggests worsening affordability.
Resale prices on a $/SF basis increased from $400/SF to $402/SF. Resale prices have been rising for 2 month(s).
Over the last 12 months, resale prices rose 4.3% indicating a longer term upward price trend.
Median rental rates increased $19 last month from $2,590 to $2,609. 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
[gview file=”http://ochousingnews.g.corvida.com/images/documents/ochn_west_la_housing_market_report_2015-10.pdf” height=”800px” width=”600px” save=”1″]