Jan032015

San Bernardino Housing Market News: December 2014

San BernardinoHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 33.8%. This market is 8.1% undervalued.

Median home price is $258,900 with a rental parity value of $389,600. This market’s discount is $130,700.

Monthly payment affordability has been improving over the last 8 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $172/SF to $173/SF. Resale prices have been rising for 4 month(s).

Over the last 12 months, resale prices rose 15.7% indicating a longer term upward price trend.

Median rental rates declined $17 last month from $1,772 to $1,754. The current capitalization rate (rent/price) is 6.5%.

Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.

Market rating = 8

OCHN_San_Bernardino_Housing_Market_Report_2014-12

OCHN_San_Bernardino_Housing_Market_Report_2014-12

OCHN_San_Bernardino_Housing_Market_Report_2014-12

OCHN_San_Bernardino_Housing_Market_Report_2014-12

OCHN_San_Bernardino_Housing_Market_Report_2014-12

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[listing mls=”PW14252309″]