Jun272015

San Bernardino County Housing Market Report

1rentals-houseHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 34.9%. This market is 9.2% undervalued.

Median home price is $264,200 with a rental parity value of $403,100. This market’s discount is $138,900.

Monthly payment affordability has been improving over the last 9 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $173/SF to $173/SF. Resale prices have been rising for 3 month(s).

Over the last 12 months, resale prices rose 3.1% indicating a longer term upward price trend.

Median rental rates increased $16 last month from $1,764 to $1,780. 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

OCHN_San_Bernardino_Housing_Market_Report_2015-6

OCHN_San_Bernardino_Housing_Market_Report_2015-6

OCHN_San_Bernardino_Housing_Market_Report_2015-6

OCHN_San_Bernardino_Housing_Market_Report_2015-6

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