San Bernardino Housing Market News: December 2014
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