Los Angeles County Housing Market Report: August 2015

gourmet_kitchen_awardHistorically, properties in this market sell at a 9.5% discount. Today’s discount is 13.3%. This market is 3.8% undervalued.

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

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