Aug272016

San Bernardino County Housing Market Report: August 2016

San Bernardino County Housing Market Report: August 2016

OCHN_every_dayHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 38.0%. This market is 12.3% undervalued.

Median home price is $293,400 with a rental parity value of $480,400. This market’s discount is $187,000.

Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $191/SF to $193/SF. Resale prices have been rising for 6 month(s).

Over the last 12 months, resale prices rose 7.7% indicating a longer term upward price trend.

Median rental rates increased $13 last month from $2,006 to $2,020. 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

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