Los Angeles County Housing Market Report: January 2015
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