Orange County Housing Market News: December 2014
Median home price is $565,800 with a rental parity value of $584,600. This market’s discount is $18,800.
Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $374/SF to $374/SF. Resale prices have been rising for 1 month(s).
Over the last 12 months, resale prices rose 6.1% indicating a longer term upward price trend.
Median rental rates declined $16 last month from $2,650 to $2,633. The current capitalization rate (rent/price) is 4.5%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 8