Aug292015

San Bernardino County Housing Market Report: August 2015

wtfHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 33.8%. This market is 8.1% undervalued.

Median home price is $273,500 with a rental parity value of $408,600. This market’s discount is $135,100.

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

Resale prices on a $/SF basis increased from $176/SF to $178/SF. Resale prices have been rising for 5 month(s).

Over the last 12 months, resale prices rose 5.9% indicating a longer term upward price trend.

Median rental rates increased $23 last month from $1,828 to $1,851. The current capitalization rate (rent/price) is 6.5%.

Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.

Market rating = 9

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