Orange County Housing Market News: November 2014
Median home price is $568,100 with a rental parity value of $585,500. This market’s discount is $17,400.
Monthly payment affordability has been improving over the last 4 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis declined from $375/SF to $374/SF. Resale prices have been falling for 1 month(s).
Over the last 12 months, resale prices rose 6.8% indicating a longer term upward price trend.
Median rental rates increased $33 last month from $2,616 to $2,650. The current capitalization rate (rent/price) is 4.5%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 8