Oct242015

San Bernardino County Housing Market Report: October 2015

OCHN_periodical_adHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 33.3%. This market is 7.7% undervalued.

Median home price is $279,800 with a rental parity value of $423,800. This market’s discount is $144,000.

Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability.

Resale prices on a $/SF basis increased from $181/SF to $182/SF. Resale prices have been rising for 7 month(s).

Over the last 12 months, resale prices rose 6.7% indicating a longer term upward price trend.

Median rental rates increased $13 last month from $1,860 to $1,874. 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 = 8

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