Sep122015

Los Angeles County Housing Market Report: September 2015

OCHN_AuthorityHistorically, properties in this market sell at a 9.5% discount. Today’s discount is 12.3%. This market is 2.7% undervalued.

Median home price is $507,000 with a rental parity value of $577,000. This market’s discount is $70,000.

Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability.

Resale prices on a $/SF basis increased from $398/SF to $401/SF. Resale prices have been rising for 1 month(s).

Over the last 12 months, resale prices rose 4.9% indicating a longer term upward price trend.

Median rental rates increased $23 last month from $2,569 to $2,592. 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

Download (PDF, 2.61MB)