Los Angeles County Housing Market Report: February 2015
Median home price is $469,300 with a rental parity value of $569,000. This market’s discount is $99,700.
Monthly payment affordability has been improving over the last 9 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $388/SF to $395/SF. Resale prices have been rising for 11 month(s).
Over the last 12 months, resale prices rose 10.6% indicating a longer term upward price trend.
Median rental rates increased $0 last month from $2,474 to $2,474. 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 = 7