Mar282015

San Bernardino County Housing Market Report: March 2015

1gnuireskzj3Historically, properties in this market sell at a 25.7% discount. Today’s discount is 34.9%. This market is 9.3% undervalued.

Median home price is $258,200 with a rental parity value of $398,400. This market’s discount is $140,200.

Monthly payment affordability has been improving over the last 12 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis declined from $171/SF to $171/SF. Resale prices have been falling for 3 month(s).

Over the last 12 months, resale prices rose 4.5% indicating a longer term upward price trend.

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

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