Orange County Housing Market Report: August 2016
Median home price is $626,100 with a rental parity value of $687,500. This market’s discount is $61,400.
Monthly payment affordability has been improving over the last 6 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $404/SF to $406/SF. Resale prices have been rising for 11 month(s).
Over the last 12 months, resale prices rose 5.9% indicating a longer term upward price trend.
Median rental rates increased $25 last month from $2,865 to $2,890. The current capitalization rate (rent/price) is 4.4%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 9