Feb072015

Orange County Housing Market Report: February 2015

1dancinghouse-sHistorically, properties in this market sell at a 0.6% premium. Today’s discount is 5.1%. This market is 5.7% undervalued.

Median home price is $560,800 with a rental parity value of $601,600. This market’s discount is $40,800.

Monthly payment affordability has been improving over the last 9 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis declined from $375/SF to $374/SF. Resale prices have been falling for 1 month(s).

Over the last 12 months, resale prices rose 5.9% indicating a longer term upward price trend.

Median rental rates declined $16 last month from $2,632 to $2,615. 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

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