Nov282015

San Bernardino County Housing Market Report: November 2015

OCHN_Greater_knowledgeHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 33.4%. This market is 7.8% undervalued.

Median home price is $280,400 with a rental parity value of $421,600. This market’s discount is $141,200.

Monthly payment affordability has been improving over the last 1 month(s). Momentum suggests unchanging affordability.

Resale prices on a $/SF basis increased from $183/SF to $184/SF. Resale prices have been rising for 8 month(s).

Over the last 12 months, resale prices rose 7.3% indicating a longer term upward price trend.

Median rental rates increased $1 last month from $1,860 to $1,862. The current capitalization rate (rent/price) is 6.4%.

Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.

Market rating = 7

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