Apr232016

San Bernardino County Housing Market Report: April 2016

IRVINE, Calif., January 2, 2016 – OC Housing News

San Bernardino County Housing Market Report: January 2016

free_postsHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 32.2%. This market is 6.6% undervalued.

Median home price is $280,200 with a rental parity value of $406,600. This market’s discount is $126,400.

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

Resale prices on a $/SF basis increased from $184/SF to $184/SF. Resale prices have been rising for 1 month(s).

Over the last 12 months, resale prices rose 7.0% indicating a longer term upward price trend.

Median rental rates declined $23 last month from $1,845 to $1,822. The current capitalization rate (rent/price) is 6.2%.

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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