San Bernardino County housing market report: June 2016
Median home price is $286,300 with a rental parity value of $451,000. This market’s discount is $164,700.
Monthly payment affordability has been improving over the last 3 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $188/SF to $190/SF. Resale prices have been rising for 4 month(s).
Over the last 12 months, resale prices rose 8.9% indicating a longer term upward price trend.
Median rental rates increased $27 last month from $1,921 to $1,948. 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 = 8