Mar262016

San Bernardino County Housing Market Report: March 2016

IRVINE, Calif., March 1, 2016 – OC Housing News  OCHN_good_news

San Bernardino County Housing Market Report: March 2016

Historically, properties in this market sell at a 25.7% discount. Today’s discount is 32.1%. This market is 6.5% undervalued.

Median home price is $279,600 with a rental parity value of $420,200. This market’s discount is $140,600.

Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability.

Resale prices on a $/SF basis declined from $183/SF to $183/SF. Resale prices have been falling for 4 month(s).

Over the last 12 months, resale prices rose 7.0% indicating a longer term upward price trend.

Median rental rates increased $0 last month from $1,829 to $1,829. The current capitalization rate (rent/price) is 6.3%.

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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