Jan172015

Los Angeles County Housing Market Report: January 2015

1animated1Historically, properties in this market sell at a 9.5% discount. Today’s discount is 14.1%. This market is 4.6% undervalued.

Median home price is $471,800 with a rental parity value of $556,000. This market’s discount is $84,200.

Monthly payment affordability has been improving over the last 8 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $388/SF to $388/SF. Resale prices have been rising for 10 month(s).

Over the last 12 months, resale prices rose 8.4% indicating a longer term upward price trend.

Median rental rates declined $0 last month from $2,475 to $2,474. The current capitalization rate (rent/price) is 5.0%.

Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.

Market rating = 7

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