Los Angeles County Housing Market Report: December 2015


Posted December 15, 2015 by frankieapope

The OC Housing News published its monthly housing market report, covering resale home prices and rental rates across Southern California.

 
FOR IMMEDIATE RELEASE

IRVINE, Ca, December15, 2015 – OC Housing News

Los Angeles County Housing Market News

Historically, properties in this market sell at a 9.5% discount. Today's discount is 14.4%. This market is 4.9% undervalued.

Median home price is $505,600 with a rental parity value of $590,700. This market's discount is $85,100.

Monthly payment affordability has been improving over the last 2 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $423/SF to $429/SF. Resale prices have been rising for 4 month(s).

Over the last 12 months, resale prices rose 10.7% indicating a longer term upward price trend.

Median rental rates increased $8 last month from $2,633 to $2,641. The current capitalization rate (rent/price) is 5.0%.

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

Market rating = 6

About Shevy Akason and OC Housing News
Shevy Akason, exclusive agent for readers and clients of the OC Housing News. The OC Housing News provides entertaining and insightful real estate news coverage, advanced property search, and property analysis displaying the cost of ownership for every property on the multiple listing service.

Interview Contact:
Shevy Akason
OC Housing News
http://ochousingnews.com/
9901 Irvine Center Drive
Irvine, CA 92618
(877) 409-8515
[email protected]
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Contact Email [email protected]
Issued By Shevy Akason
Website OC Housing News
Phone (877) 409-8515
Business Address 9901 Irvine Center Drive
Country United States
Categories Business
Tags los angeles county housing market news , oc housing news
Last Updated December 15, 2015