Nov072015

Orange County Housing Market Report: November 2015

Historically, properties in this market sell at a 0.6% premium. Today’s discount is 4.6%. This market is 5.2% undervalued.

Median home price is $595,600 with a rental parity value of $629,200. This market’s discount is $33,600.

Monthly payment affordability has been improving over the last 1 month(s). Momentum suggests unchanging affordability.

Resale prices on a $/SF basis increased from $388/SF to $390/SF. Resale prices have been rising for 9 month(s).

Over the last 12 months, resale prices rose 4.3% indicating a longer term upward price trend.

Median rental rates increased $13 last month from $2,765 to $2,779. 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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