Los Angeles County Housing Market Report: April 2015
Median home price is $470,100 with a rental parity value of $567,700. This market’s discount is $97,600.
Monthly payment affordability has been improving over the last 7 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $389/SF to $390/SF. Resale prices have been rising for 1 month(s).
Over the last 12 months, resale prices rose 9.0% indicating a longer term upward price trend.
Median rental rates increased $8 last month from $2,478 to $2,486. The current capitalization rate (rent/price) is 5.1%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 8