Los Angeles County Housing Market Report: September 2015
Median home price is $507,000 with a rental parity value of $577,000. This market’s discount is $70,000.
Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability.
Resale prices on a $/SF basis increased from $398/SF to $401/SF. Resale prices have been rising for 1 month(s).
Over the last 12 months, resale prices rose 4.9% indicating a longer term upward price trend.
Median rental rates increased $23 last month from $2,569 to $2,592. 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