Jul042015

Orange County Housing Market Report: July 2015

The monthly housing market reports will now be made available for direct download with these weekend posts. If you want access to all reports and the archives, please register with the site and visit the Subscriber’s Reports page.


4th-of-july-wallpaper-2Historically,  properties  in  this  market  sell  at  a  0.6%  premium.  Today’s  discount  is  4.5%.  This  market  is  5.1%  undervalued.

Median  home  price  is  $574,500  with  a  rental  parity  value  of  $588,200.  This  market’s  discount  is  $13,700.

Monthly  payment  affordability  has  been  worsening  over  the  last  2  month(s).  Momentum  suggests  worsening  affordability.

Resale  prices  on  a  $/SF  basis  increased  from  $378/SF  to  $380/SF.  Resale  prices  have  been  rising  for  5  month(s).

Over  the  last  12  months,  resale  prices  rose  3.5%  indicating  a  longer  term  upward  price  trend.

Median  rental  rates  increased  $17  last  month  from  $2,648  to  $2,665.  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

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