Jun252016

San Bernardino County housing market report: June 2016

San Bernardino County housing market report: June 2016

lovelyHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 36.0%. This market is 10.3% undervalued.

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

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