San Bernardino County Housing Market Report: December 2015
Historically, 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