Los Angeles County Housing Market Report: August 2015
Median home price is $500,100 with a rental parity value of $565,000. This market’s discount is $64,900.
Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability.
Resale prices on a $/SF basis declined from $401/SF to $398/SF. Resale prices have been falling for 1 month(s).
Over the last 12 months, resale prices rose 6.6% indicating a longer term upward price trend.
Median rental rates increased $16 last month from $2,544 to $2,560. The current capitalization rate (rent/price) is 4.9%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 8