San Bernardino County Housing Market Report: November 2015
Median home price is $280,400 with a rental parity value of $421,600. This market’s discount is $141,200.
Monthly payment affordability has been improving over the last 1 month(s). Momentum suggests unchanging affordability.
Resale prices on a $/SF basis increased from $183/SF to $184/SF. Resale prices have been rising for 8 month(s).
Over the last 12 months, resale prices rose 7.3% indicating a longer term upward price trend.
Median rental rates increased $1 last month from $1,860 to $1,862. The current capitalization rate (rent/price) is 6.4%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 7