Jul302016

San Bernardino County Housing Market Report: July 2016

gourmet_kitchen_awardHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 37.0%. This market is 11.4% undervalued.

Median home price is $289,300 with a rental parity value of $465,800. This market’s discount is $176,500.

Monthly payment affordability has been improving over the last 4 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $189/SF to $191/SF. Resale prices have been rising for 5 month(s).

Over the last 12 months, resale prices rose 8.4% indicating a longer term upward price trend.

Median rental rates increased $41 last month from $1,949 to $1,990. 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

San Bernardino County Housing Market Report: July 2016

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