Dec272015

San Bernardino County Housing Market Report: December 2015

OCHN_good_newsHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 33.0%. This market is 7.3% undervalued.

Median home price is $280,000 with a rental parity value of $412,000. This market’s discount is $132,000.

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

Resale prices on a $/SF basis increased from $184/SF to $184/SF. Resale prices have been rising for 9 month(s).

Over the last 12 months, resale prices rose 6.8% indicating a longer term upward price trend.

Median rental rates declined $14 last month from $1,856 to $1,842. The current capitalization rate (rent/price) is 6.3%.

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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