Jan312015

San Bernardino Housing Market Report: January 2015

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Historically, properties in this market sell at a 25.7% discount. Today’s discount is 33.9%. This market is 8.2% undervalued.

Median home price is $260,500 with a rental parity value of $393,600. This market’s discount is $133,100.

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

Resale prices on a $/SF basis declined from $173/SF to $172/SF. Resale prices have been falling for 1 month(s).

Over the last 12 months, resale prices rose 10.1% indicating a longer term upward price trend.

Median rental rates declined $3 last month from $1,754 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 = 8

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