Orange County Housing Market Report: August 2015
Median home price is $586,500 with a rental parity value of $595,600. This market’s discount is $9,100.
Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability.
Resale prices on a $/SF basis increased from $380/SF to $382/SF. Resale prices have been rising for 6 month(s).
Over the last 12 months, resale prices rose 2.9% indicating a longer term upward price trend.
Median rental rates increased $24 last month from $2,674 to $2,698. The current capitalization rate (rent/price) is 4.4%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 8