Feb282015

San Bernardino County Housing Market Report: February 2015

1RealEstateForSaleSignHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 34.4%. This market is 8.7% undervalued.

Median home price is $258,700 with a rental parity value of $400,900. This market’s discount is $142,200.

Monthly payment affordability has been improving over the last 10 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis declined from $172/SF to $171/SF. Resale prices have been falling for 2 month(s).

Over the last 12 months, resale prices rose 5.8% indicating a longer term upward price trend.

Median rental rates declined $8 last month from $1,751 to $1,743. 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

OCHN_San_Bernardino_Housing_Market_Report_2015-2

OCHN_San_Bernardino_Housing_Market_Report_2015-2

OCHN_San_Bernardino_Housing_Market_Report_2015-2

OCHN_San_Bernardino_Housing_Market_Report_2015-2

OCHN_San_Bernardino_Housing_Market_Report_2015-2

[dfads params=’groups=3&limit=1&orderby=random’]
[dfads params=’groups=23&limit=1&orderby=random’]