San Bernardino County Housing Market News: November 2014
Median home price is $257,400 with a rental parity value of $391,600. This market’s discount is $134,200.
Monthly payment affordability has been improving over the last 6 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $171/SF to $172/SF. Resale prices have been rising for 3 month(s).
Over the last 12 months, resale prices rose 18.8% indicating a longer term upward price trend.
Median rental rates increased $0 last month from $1,772 to $1,772. The current capitalization rate (rent/price) is 6.6%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 8