Orange County Housing Market Report: September 2015

free_postsHistorically, properties in this market sell at a 0.6% premium. Today’s discount is 2.4%. This market is 3.0% undervalued.

Median home price is $594,000 with a rental parity value of $609,300. This market’s discount is $15,300.

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

Resale prices on a $/SF basis increased from $384/SF to $385/SF. Resale prices have been rising for 7 month(s).

Over the last 12 months, resale prices rose 3.3% indicating a longer term upward price trend.

Median rental rates increased $30 last month from $2,707 to $2,737. 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 = 8

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