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- 3. OC Housing News info@ochousingnews.com 3 of 58 January 2016 Shevy Akason 877-409-8515 Historically, properties in this market sell at a 9.5% discount. Today's discount is 14.2%. This market is 4.7% undervalued. Median home price is $507,300 with a rental parity value of $589,300. This market's discount is $82,000. Monthly payment affordability has been improving over the last 3 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $407/SF to $409/SF. Resale prices have been rising for 10 month(s). Over the last 12 months, resale prices rose 5.4% indicating a longer term upward price trend. Median rental rates increased $8 last month from $2,633 to $2,641. The current capitalization rate (rent/price) is 5.0%. Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months. Market rating = 7 Median Home Price and Rental Parity trailing twelve months Date Rating Median Rental Parity Historic Value 1/2015 7 469,300$ 569,000$ 514,855$ 2/2015 7 467,600$ 570,000$ 515,759$ 3/2015 8 470,100$ 567,700$ 513,678$ 4/2015 8 475,100$ 578,200$ 523,179$ 5/2015 7 484,300$ 571,900$ 517,479$ 6/2015 7 492,600$ 566,200$ 512,321$ 7/2015 8 501,000$ 567,000$ 513,045$ 8/2015 8 505,100$ 581,300$ 525,984$ 9/2015 8 508,100$ 588,300$ 532,318$ 10/2015 7 508,000$ 599,000$ 542,000$ 11/2015 7 508,800$ 588,900$ 532,861$ 12/2015 7 507,300$ 589,300$ 533,223$ Resale $/SF and year-over-year percentage change trailing twelve months Date ± Typ. Value $/SF % Change 1/2015 -6.2% 388$ 8.7% 2/2015 -7.5% 382$ 7.1% 3/2015 -8.0% 383$ 7.1% 4/2015 -8.1% 387$ 7.6% 5/2015 -7.3% 391$ 7.6% 6/2015 -5.9% 395$ 7.6% 7/2015 -3.8% 398$ 6.6% 8/2015 -3.1% 400$ 4.8% 9/2015 -3.3% 403$ 4.4% 10/2015 -4.5% 406$ 4.8% 11/2015 -4.6% 407$ 4.9% 12/2015 -4.7% 409$ 5.4% -0.0951588 Rental rate and year-over-year percentage change trailing twelve months Date % Change Rent Own Historic Cost to Own Relative to Rent 1/2015 5.3% 2,474$ 2,087$ 2,239$ 2/2015 5.5% 2,478$ 2,054$ 2,242$ 3/2015 6.0% 2,487$ 2,044$ 2,250$ 4/2015 6.2% 2,502$ 2,049$ 2,264$ 5/2015 6.7% 2,527$ 2,085$ 2,286$ 6/2015 6.8% 2,544$ 2,136$ 2,302$ 7/2015 6.9% 2,569$ 2,208$ 2,325$ 8/2015 6.9% 2,590$ 2,245$ 2,344$ 9/2015 6.9% 2,615$ 2,260$ 2,366$ 10/2015 7.0% 2,633$ 2,247$ 2,383$ 11/2015 7.2% 2,633$ 2,255$ 2,383$ 12/2015 7.4% 2,642$ 2,261$ 2,390$ Los Angeles County Housing Market News $- $200,000 $400,000 $600,000 $800,000 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 Median Rental Parity Historic Value $388 $382 $383 $387 $391 $395 $398 $400 $403 $406 $407 $409 $370 $375 $380 $385 $390 $395 $400 $405 $410 $415 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 $2,474 $2,478 $2,487 $2,502 $2,527 $2,544 $2,569 $2,590 $2,615 $2,633 $2,633 $2,642 $1,800 $2,000 $2,200 $2,400 $2,600 $2,800 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 Rent Own Historic Cost to Own Relagve to Rent
- 4. OC Housing News info@ochousingnews.com 4 of 58 January 2016 Shevy Akason 877-409-8515 Los Angeles County median home price since January 1988 Los Angeles County median rent and monthly cost of ownership since January 1988 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 1/1988 1/1989 1/1990 1/1991 1/1992 1/1993 1/1994 1/1995 1/1996 1/1997 1/1998 1/1999 1/2000 1/2001 1/2002 1/2003 1/2004 1/2005 1/2006 1/2007 1/2008 1/2009 1/2010 1/2011 1/2012 1/2013 1/2014 1/2015 1/2016 1/2017 Median Resale Rental Parity Historic Value Projecgon $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 1/1988 1/1989 1/1990 1/1991 1/1992 1/1993 1/1994 1/1995 1/1996 1/1997 1/1998 1/1999 1/2000 1/2001 1/2002 1/2003 1/2004 1/2005 1/2006 1/2007 1/2008 1/2009 1/2010 1/2011 1/2012 1/2013 1/2014 1/2015 1/2016 1/2017 Median Rent Cost to Own Historic Cost to Own Relagve to Rent
- 8. OC Housing News info@ochousingnews.com 8 of 58 January 2016 Shevy Akason 877-409-8515 Median Resale % Rent % Median Cost of Ownership City Resale $ Change YoY Resale $/SF Change YoY Rent $ Ownership Prem./Disc. Cap Rate Alhambra 533,600$ 3.7% 392$ 10.8% 2,098$ 2,372$ 274$ 3.8% Arcadia 941,700$ -14.5% 507$ 4.3% 2,803$ 4,204$ 1,401$ 2.9% Artesia 392,400$ 15.3% 377$ 0.6% 1,717$ 1,757$ 40$ 4.2% Azusa 372,700$ 1.7% 286$ 3.0% 1,887$ 1,644$ (243)$ 4.9% Baldwin Park 347,500$ 8.5% 300$ 10.3% 1,746$ 1,553$ (193)$ 4.8% Bellflower 420,500$ 14.5% 326$ 3.9% 1,925$ 1,840$ (85)$ 4.4% Canyon Country 419,800$ 10.1% 255$ 7.9% 2,174$ 1,863$ (311)$ 5.0% Cerritos 629,800$ 8.1% 375$ 5.9% 2,564$ 2,799$ 235$ 3.9% Claremont 579,100$ 0.7% 307$ 4.4% 2,225$ 2,595$ 370$ 3.7% Covina 430,100$ 8.2% 302$ 8.8% 2,001$ 1,906$ (95)$ 4.5% Diamond Bar 533,400$ 3.2% 336$ 4.2% 2,403$ 2,378$ (24)$ 4.3% Downey 472,500$ 14.3% 347$ 12.0% 1,921$ 2,117$ 196$ 3.9% Duarte 413,900$ 9.6% 343$ 9.0% 1,994$ 1,802$ (192)$ 4.6% El Monte 412,400$ 2.6% 304$ 17.0% 1,811$ 1,842$ 31$ 4.2% Glendora 528,100$ 5.0% 341$ 5.6% 2,275$ 2,341$ 66$ 4.1% Hacienda Heights 545,000$ 2.7% 312$ 1.4% 2,272$ 2,417$ 145$ 4.0% La Mirada 488,500$ 4.8% 328$ 4.5% 2,442$ 2,163$ (279)$ 4.8% La Puente 380,100$ 9.9% 307$ 5.8% 1,933$ 1,681$ (252)$ 4.9% La Verne 561,900$ 6.7% 327$ 3.1% 2,326$ 2,565$ 239$ 4.0% Lakewood 491,300$ 8.4% 379$ 4.6% 2,249$ 2,177$ (72)$ 4.4% Lancaster 208,200$ 11.0% 122$ 0.0% 1,474$ 909$ (565)$ 6.8% Monrovia 548,000$ 1.1% 399$ 5.8% 2,306$ 2,451$ 146$ 4.0% Monterey Park 539,800$ 4.0% 368$ 5.3% 2,257$ 2,356$ 98$ 4.0% Newhall 354,300$ 7.4% 254$ 8.6% 1,683$ 1,591$ (91)$ 4.6% Norwalk 391,500$ 14.1% 343$ 4.5% 1,965$ 1,741$ (224)$ 4.8% Palmdale 249,700$ 14.8% 140$ 8.7% 1,535$ 1,100$ (435)$ 5.9% Pasadena 668,700$ -0.7% 484$ 3.4% 2,389$ 2,968$ 579$ 3.4% Pomona 327,200$ 7.6% 250$ 3.4% 1,644$ 1,452$ (192)$ 4.8% Rowland Heights 565,100$ 4.3% 342$ 2.5% 2,259$ 2,522$ 263$ 3.8% San Dimas 500,200$ 7.4% 318$ 6.6% 2,000$ 2,175$ 175$ 3.8% San Gabriel 660,200$ -2.1% 419$ 0.0% 2,322$ 2,939$ 616$ 3.4% San Marino 2,223,800$ -12.0% 820$ 1.9% 3,572$ 9,915$ 6,342$ 1.5% Sierra Madre 836,400$ 3.8% 489$ -6.5% 2,364$ 3,718$ 1,354$ 2.7% South Pasadena 1,045,700$ -2.5% 553$ 5.2% 2,607$ 4,614$ 2,007$ 2.4% Stevenson Ranch 623,000$ 2.5% 265$ -5.8% 2,326$ 2,746$ 419$ 3.6% Sunland 441,900$ 13.1% 342$ 32.1% 1,965$ 1,988$ 22$ 4.3% Market Performance and Trends: East Los Angeles County, Major Cities, and Zips
- 9. OC Housing News info@ochousingnews.com 9 of 58 January 2016 Shevy Akason 877-409-8515 Median Resale % Rent % Median Cost of Ownership City Resale $ Change YoY Resale $/SF Change YoY Rent $ Ownership Prem./Disc. Cap Rate Temple City 653,700$ -3.4% 430$ 6.4% 2,139$ 2,950$ 811$ 3.1% Tujunga 468,600$ 20.6% 368$ -1.3% 2,127$ 2,075$ (51)$ 4.4% Van Nuys 439,200$ 5.5% 303$ 8.5% 1,966$ 1,934$ (32)$ 4.3% West Covina 460,600$ 6.9% 311$ 2.6% 2,042$ 2,038$ (3)$ 4.3% Whittier 448,200$ 7.8% 329$ 1.9% 2,008$ 1,990$ (18)$ 4.3% Woodland Hills 652,500$ 4.6% 360$ 6.3% 2,554$ 2,892$ 338$ 3.8% Alhambra 91801 531,300$ 4.7% 399$ 12.2% 1,962$ 2,361$ 399$ 3.5% Alhambra 91803 535,200$ 4.8% 389$ 5.7% 1,885$ 2,387$ 502$ 3.4% Arcadia 91006 928,000$ -7.5% 518$ 4.0% 2,817$ 4,134$ 1,317$ 2.9% Azusa 91702 372,700$ 1.7% 286$ 3.0% 1,887$ 1,644$ (243)$ 4.9% Canyon Country 91351 395,400$ 9.2% 258$ 8.9% 1,744$ 1,756$ 13$ 4.2% Canyon Country 91387 461,100$ 9.1% 250$ 3.5% 2,437$ 2,016$ (420)$ 5.1% Covina 91722 399,700$ 5.8% 306$ 0.4% 2,121$ 1,778$ (343)$ 5.1% Covina 91723 425,500$ 9.9% 309$ 18.1% 1,729$ 1,884$ 155$ 3.9% Diamond Bar 91765 540,500$ 2.5% 331$ 5.0% 2,411$ 2,394$ (17)$ 4.3% Duarte 91010 413,900$ 9.9% 344$ 8.5% 1,994$ 1,798$ (197)$ 4.6% El Monte 91732 392,800$ 5.7% 302$ 8.5% 1,742$ 1,779$ 37$ 4.3% Glendora 91740 454,700$ 6.0% 331$ 6.9% 2,325$ 2,022$ (303)$ 4.9% Glendora 91741 635,400$ 4.7% 352$ 4.6% 2,367$ 2,831$ 463$ 3.6% Hacienda Hts 91745 552,500$ 2.9% 313$ -0.7% 2,322$ 2,455$ 133$ 4.0% La Puente 91744 377,300$ 10.6% 307$ 5.2% 1,864$ 1,669$ (195)$ 4.7% La Verne 91750 567,500$ 5.7% 324$ 3.1% 2,326$ 2,585$ 260$ 3.9% Lakewood 90713 507,600$ 8.8% 390$ -0.3% 2,211$ 2,247$ 35$ 4.2% Lakewood 90715 412,300$ 11.9% 341$ 14.9% 1,804$ 1,807$ 3$ 4.2% Monrovia 91016 548,000$ 1.1% 399$ 5.8% 2,306$ 2,451$ 146$ 4.0% Monterey Park 91754 544,600$ 6.2% 383$ 5.6% 2,207$ 2,367$ 160$ 3.9% Monterey Park 91755 478,200$ 1.4% 346$ -0.2% 2,356$ 2,132$ (224)$ 4.7% Newhall 91321 343,500$ 7.3% 254$ 8.3% 1,683$ 1,547$ (135)$ 4.7% Norwalk 90650 391,500$ 14.1% 343$ 4.5% 1,965$ 1,741$ (224)$ 4.8% Pasadena 91101 493,500$ 0.7% 481$ 4.3% 2,514$ 2,210$ (305)$ 4.9% Pasadena 91103 604,300$ 26.7% 492$ 10.5% 2,392$ 2,620$ 228$ 3.8% Pasadena 91104 662,500$ 11.3% 479$ 13.0% 2,226$ 2,985$ 759$ 3.2% Pasadena 91105 1,127,600$ -2.4% 548$ 14.7% 3,402$ 5,172$ 1,771$ 2.9% Pasadena 91106 555,900$ 10.7% 483$ 4.6% 2,411$ 2,435$ 23$ 4.2% Pasadena 91107 699,200$ -5.0% 455$ 0.7% 2,562$ 3,134$ 573$ 3.5% Playa del Rey 90293 570,200$ 14.0% 555$ 5.5% 2,898$ 2,503$ (394)$ 4.9% Pomona 91767 340,700$ 7.3% 248$ 3.9% 1,808$ 1,505$ (303)$ 5.1% Market Performance and Trends: East Los Angeles County, Major Cities, and Zips
- 10. OC Housing News info@ochousingnews.com 10 of 58 January 2016 Shevy Akason 877-409-8515 Median Resale % Rent % Median Cost of Ownership City Resale $ Change YoY Resale $/SF Change YoY Rent $ Ownership Prem./Disc. Cap Rate Pomona 91767 340,700$ 7.3% 248$ 3.9% 1,808$ 1,505$ (303)$ 5.1% Pomona 91768 324,200$ 8.6% 248$ 9.7% 1,535$ 1,433$ (102)$ 4.5% Rosemead 91770 506,200$ 5.0% 374$ 3.3% 1,923$ 2,220$ 297$ 3.6% Rowland Heights 91748 565,100$ 4.2% 342$ 2.6% 2,259$ 2,522$ 263$ 3.8% San Dimas 91773 500,200$ 7.3% 318$ 6.5% 2,000$ 2,175$ 175$ 3.8% San Gabriel 91775 757,400$ 1.2% 451$ -6.8% 2,322$ 3,334$ 1,012$ 2.9% San Gabriel 91776 548,900$ -8.6% 379$ 12.7% 1,943$ 2,409$ 466$ 3.4% San Marino 91108 2,223,800$ -12.0% 820$ 1.8% 3,572$ 9,915$ 6,342$ 1.5% Sierra Madre 91024 870,400$ 3.8% 489$ -6.7% 2,364$ 3,849$ 1,485$ 2.6% South Pasadena 91030 1,045,700$ -2.4% 554$ 5.2% 2,607$ 4,614$ 2,007$ 2.4% Stevenson Ranch 91381 623,000$ 2.5% 265$ -5.8% 2,326$ 2,746$ 419$ 3.6% Sunland 91040 441,900$ 13.1% 342$ 32.1% 1,965$ 1,988$ 22$ 4.3% Temple City 91780 648,500$ -3.4% 430$ 6.5% 2,139$ 2,936$ 797$ 3.2% Tujunga 91042 468,600$ 20.7% 368$ 0.0% 2,359$ 2,075$ (284)$ 4.8% West Covina 91790 452,500$ 7.8% 321$ 3.4% 2,177$ 1,996$ (182)$ 4.6% West Covina 91791 488,100$ 3.9% 307$ 1.0% 2,108$ 2,153$ 45$ 4.1% West Covina 91792 422,000$ 7.0% 296$ 5.2% 1,943$ 1,899$ (44)$ 4.4% Whittier 90603 504,700$ 6.1% 335$ 1.2% 2,499$ 2,235$ (264)$ 4.8% Whittier 90605 439,000$ 8.6% 337$ 8.3% 1,959$ 1,950$ (10)$ 4.3% Woodland Hills 91364 751,500$ 3.0% 363$ 4.9% 3,045$ 3,318$ 273$ 3.9% Market Performance and Trends: East Los Angeles County, Major Cities, and Zips
- 11. OC Housing News info@ochousingnews.com 11 of 58 January 2016 Shevy Akason 877-409-8515 % Over/Under Historic % Over/Under City Rating Median Rental Parity Rental Parity Premium Historic Prem. Alhambra 8 533,600$ 468,100$ 12.0% 26.6% -14.5% Arcadia 5 941,700$ 625,300$ 50.7% 56.3% -5.6% Artesia 6 392,400$ 383,000$ -1.3% 12.9% -14.1% Azusa 7 372,700$ 421,000$ -11.7% 1.8% -13.5% Baldwin Park 7 347,500$ 389,600$ -9.8% 4.2% -14.0% Bellflower 10 420,500$ 429,400$ -3.5% 23.0% -26.5% Canyon Country 8 419,800$ 484,900$ -12.4% 8.8% -21.2% Cerritos 8 629,800$ 572,000$ 9.8% 21.4% -11.6% Claremont 6 579,100$ 496,300$ 14.2% 19.1% -4.9% Covina 7 430,100$ 446,400$ -4.3% 9.8% -14.1% Diamond Bar 10 533,400$ 536,000$ -0.8% 25.6% -26.4% Downey 6 472,500$ 428,600$ 11.0% 7.2% 3.8% Duarte 7 413,900$ 444,900$ -10.4% 2.5% -12.9% El Monte 7 412,400$ 404,000$ -1.2% 3.6% -4.8% Glendora 9 528,100$ 507,500$ 5.4% 20.6% -15.2% Hacienda Heights 7 545,000$ 506,900$ 7.3% 21.0% -13.6% La Mirada 9 488,500$ 544,700$ -11.8% -0.5% -11.3% La Puente 9 380,100$ 431,300$ -12.0% 4.2% -16.3% La Verne 10 561,900$ 518,800$ 10.4% 33.8% -23.4% Lakewood 8 491,300$ 501,600$ -3.1% 12.2% -15.3% Lancaster 6 208,200$ 328,800$ -37.8% -14.0% -23.8% Monrovia 7 548,000$ 514,300$ 10.1% 18.9% -8.9% Monterey Park 10 539,800$ 503,600$ 7.1% 29.7% -22.6% Newhall 9 354,300$ 375,300$ -3.1% 23.1% -26.2% Norwalk 8 391,500$ 438,400$ -12.1% 0.4% -12.5% Palmdale 7 249,700$ 342,400$ -26.9% -15.2% -11.7% Pasadena 6 668,700$ 532,900$ 22.1% 17.1% 5.1% Pomona 8 327,200$ 366,700$ -13.9% -4.6% -9.3% Rowland Heights 8 565,100$ 503,900$ 8.1% 13.5% -5.4% San Dimas 9 500,200$ 446,200$ 7.4% 24.5% -17.2% San Gabriel 4 660,200$ 518,000$ 28.2% 32.5% -4.3% San Marino 1 2,223,800$ 796,900$ 170.8% 100.0% 70.8% Sierra Madre 4 836,400$ 527,300$ 59.0% 53.2% 5.8% South Pasadena 4 1,045,700$ 581,600$ 77.3% 56.6% 20.7% Stevenson Ranch 4 623,000$ 519,000$ 15.8% 14.6% 1.2% Sunland 6 441,900$ 438,400$ -0.4% 4.1% -4.4% Market Timing Rating and Valuations: East Los Angeles County, Major Cities, and Zips
- 12. OC Housing News info@ochousingnews.com 12 of 58 January 2016 Shevy Akason 877-409-8515 % Over/Under Historic % Over/Under City Rating Median Rental Parity Rental Parity Premium Historic Prem. Temple City 6 653,700$ 477,100$ 36.9% 40.6% -3.7% Tujunga 4 468,600$ 474,400$ -2.4% -6.7% 4.4% Van Nuys 8 439,200$ 438,700$ -3.1% 5.5% -8.6% West Covina 9 460,600$ 455,500$ -1.3% 12.4% -13.7% Whittier 6 448,200$ 448,000$ -0.1% 10.1% -10.2% Woodland Hills 8 652,500$ 569,700$ 12.7% 20.2% -7.6% Alhambra 91801 8 531,300$ 437,600$ 18.6% 31.1% -12.5% Alhambra 91803 8 535,200$ 420,400$ 25.2% 20.3% 4.9% Arcadia 91006 6 928,000$ 628,400$ 47.1% 56.9% -9.9% Azusa 91702 7 372,700$ 421,000$ -11.7% 1.8% -13.5% Canyon Country 91351 7 395,400$ 389,000$ -2.6% 9.7% -12.3% Canyon Country 91387 10 461,100$ 543,600$ -17.9% 31.7% -49.5% Covina 91722 9 399,700$ 473,200$ -14.9% 10.5% -25.3% Covina 91723 6 425,500$ 385,600$ 7.2% 11.1% -3.9% Diamond Bar 91765 10 540,500$ 537,900$ -0.5% 26.9% -27.4% Duarte 91010 7 413,900$ 444,900$ -10.7% 2.5% -13.2% El Monte 91732 7 392,800$ 388,500$ -0.7% 5.5% -6.3% Glendora 91740 10 454,700$ 518,700$ -10.2% 10.9% -21.1% Glendora 91741 10 635,400$ 528,100$ 21.5% 43.2% -21.7% Hacienda Hts 91745 6 552,500$ 518,000$ 5.8% 20.9% -15.1% La Puente 91744 8 377,300$ 415,800$ -9.9% 5.0% -14.9% La Verne 91750 10 567,500$ 518,800$ 11.3% 33.4% -22.1% Lakewood 90713 5 507,600$ 493,300$ 1.8% 12.4% -10.5% Lakewood 90715 7 412,300$ 402,400$ 1.9% 10.3% -8.3% Monrovia 91016 7 548,000$ 514,300$ 10.1% 18.9% -8.9% Monterey Park 91754 10 544,600$ 492,300$ 10.1% 30.8% -20.7% Monterey Park 91755 6 478,200$ 525,500$ -8.0% 23.4% -31.4% Newhall 91321 9 343,500$ 375,300$ -5.8% 23.7% -29.5% Norwalk 90650 8 391,500$ 438,400$ -12.1% 0.4% -12.4% Pasadena 91101 6 493,500$ 560,900$ -12.2% -8.8% -3.4% Pasadena 91103 5 604,300$ 533,600$ 8.0% -5.2% 13.2% Pasadena 91104 6 662,500$ 496,500$ 33.5% 31.3% 2.2% Pasadena 91105 6 1,127,600$ 758,900$ 51.8% 65.5% -13.7% Pasadena 91106 8 555,900$ 537,900$ 0.2% 15.8% -15.6% Pasadena 91107 5 699,200$ 571,500$ 23.4% 32.5% -9.1% Playa del Rey 90293 10 570,200$ 646,400$ -13.4% 19.5% -32.9% Market Timing Rating and Valuations: East Los Angeles County, Major Cities, and Zips
- 13. OC Housing News info@ochousingnews.com 13 of 58 January 2016 Shevy Akason 877-409-8515 % Over/Under Historic % Over/Under City Rating Median Rental Parity Rental Parity Premium Historic Prem. Pomona 91767 8 340,700$ 403,200$ -16.4% -6.7% -9.6% Pomona 91768 6 324,200$ 342,400$ -5.7% -8.1% 2.4% Rosemead 91770 9 506,200$ 428,900$ 14.0% 29.3% -15.3% Rowland Heights 91748 8 565,100$ 503,900$ 8.1% 14.0% -5.9% San Dimas 91773 9 500,200$ 446,200$ 7.4% 24.5% -17.2% San Gabriel 91775 2 757,400$ 518,000$ 42.0% 43.4% -1.4% San Gabriel 91776 5 548,900$ 433,500$ 24.0% 37.3% -13.4% San Marino 91108 1 2,223,800$ 796,900$ 170.8% 99.5% 71.3% Sierra Madre 91024 3 870,400$ 527,300$ 64.6% 53.2% 11.3% South Pasadena 91030 4 1,045,700$ 581,600$ 77.3% 56.6% 20.7% Stevenson Ranch 91381 4 623,000$ 519,000$ 15.8% 23.4% -7.5% Sunland 91040 6 441,900$ 438,400$ -0.4% 3.1% -3.5% Temple City 91780 6 648,500$ 477,100$ 36.3% 40.8% -4.5% Tujunga 91042 6 468,600$ 526,200$ -11.7% -0.5% -11.2% West Covina 91790 9 452,500$ 485,700$ -7.3% 14.4% -21.8% West Covina 91791 7 488,100$ 470,300$ 0.5% 13.9% -13.3% West Covina 91792 8 422,000$ 433,400$ -0.3% 12.6% -12.9% Whittier 90603 9 504,700$ 557,600$ -9.6% 20.4% -30.0% Whittier 90605 7 439,000$ 437,100$ 2.3% 15.9% -13.7% Woodland Hills 91364 9 751,500$ 679,400$ 7.0% 15.7% -8.7% Market Timing Rating and Valuations: East Los Angeles County, Major Cities, and Zips
- 14. OC Housing News info@ochousingnews.com 14 of 58 January 2016 Shevy Akason 877-409-8515 Median Resale % Rent % Median Cost of Ownership City Resale $ Change YoY Resale $/SF Change YoY Rent $ Ownership Prem./Disc. Cap Rate Agoura Hills 687,600$ 9.2% 349$ 4.4% 2,788$ 3,026$ 239$ 3.9% Altadena 672,700$ 12.3% 446$ -7.7% 2,467$ 3,019$ 552$ 3.5% Beverly Hills 2,211,100$ 7.8% 954$ 7.8% 3,963$ 9,684$ 5,721$ 1.7% Burbank 642,600$ 4.2% 444$ 10.9% 2,692$ 2,849$ 157$ 4.0% Calabasas 1,035,900$ 5.8% 412$ 1.7% 3,268$ 4,599$ 1,331$ 3.0% Canoga Park 368,400$ 12.5% 298$ 0.1% 1,792$ 1,656$ (136)$ 4.7% Carson 413,100$ 8.8% 300$ 10.5% 2,257$ 1,850$ (407)$ 5.2% Chatsworth 483,900$ 0.7% 271$ 9.7% 2,460$ 2,235$ (225)$ 4.9% Culver City 739,300$ 17.4% 578$ 3.1% 3,177$ 3,277$ 100$ 4.1% Encino 689,600$ 2.0% 401$ 7.2% 2,747$ 3,108$ 361$ 3.8% Gardena 418,300$ 9.6% 322$ 7.2% 2,243$ 1,855$ (388)$ 5.1% Glendale 631,300$ 9.4% 423$ 3.4% 2,262$ 2,842$ 580$ 3.4% Granada Hills 534,300$ 9.2% 319$ 6.6% 2,476$ 2,389$ (86)$ 4.4% Harbor City 485,900$ 8.3% 319$ 1.7% 2,375$ 2,107$ (267)$ 4.7% Hawthorne 485,000$ 5.5% 392$ 4.9% 2,939$ 2,182$ (757)$ 5.8% Hermosa Beach 1,394,100$ 11.2% 934$ 11.1% 3,766$ 6,119$ 2,353$ 2.6% Inglewood 368,200$ 20.2% 291$ 1.6% 1,694$ 1,637$ (56)$ 4.4% La Canada Flintridge 1,564,100$ 12.8% 632$ -1.9% 3,577$ 6,829$ 3,252$ 2.2% La Crescenta 728,300$ 9.4% 458$ 13.1% 3,212$ 3,237$ 24$ 4.2% Lomita 523,400$ 11.0% 373$ 9.7% 2,203$ 2,320$ 117$ 4.0% Long Beach 462,000$ 8.2% 382$ 9.5% 2,197$ 2,048$ (149)$ 4.6% Los Angeles (City) 654,600$ 6.8% 512$ 7.8% 3,233$ 2,915$ (317)$ 4.7% Malibu 2,022,100$ 1.5% 1,049$ 7.0% 3,960$ 8,719$ 4,759$ 1.9% Manhattan Beach 2,096,600$ 18.0% 1,138$ 15.1% 3,856$ 9,078$ 5,223$ 1.8% Marina del Rey 896,900$ 6.7% 604$ 6.2% 3,517$ 3,954$ 436$ 3.8% Montrose 547,800$ 5.6% 406$ -1.7% 2,701$ 2,442$ (260)$ 4.7% North Hills 433,400$ 10.6% 267$ 7.7% 2,446$ 1,931$ (515)$ 5.4% North Hollywood 472,600$ 11.3% 364$ 3.8% 2,171$ 2,094$ (78)$ 4.4% Northridge 600,500$ 8.3% 304$ 4.4% 3,081$ 2,661$ (421)$ 4.9% Pacific Palisades 2,251,700$ 4.7% 925$ -1.2% 4,642$ 10,019$ 5,378$ 2.0% Playa del Rey 570,200$ 14.0% 555$ 6.2% 2,898$ 2,503$ (394)$ 4.9% Rancho Palos Verdes 1,093,200$ 5.2% 518$ 3.3% 3,825$ 4,809$ 984$ 3.4% Redondo Beach 852,900$ 7.3% 536$ 3.7% 3,117$ 3,819$ 702$ 3.5% Reseda 428,300$ 10.9% 311$ 2.5% 2,359$ 1,900$ (459)$ 5.3% San Pedro 467,700$ 7.6% 354$ 4.5% 1,943$ 2,079$ 136$ 4.0% Santa Monica 1,196,800$ 0.6% 940$ 8.2% 3,592$ 5,402$ 1,810$ 2.9% Sherman Oaks 735,500$ 6.7% 451$ 3.1% 2,814$ 3,221$ 408$ 3.7% Market Performance and Trends: West Los Angeles County, Major Cities, and Zips
- 15. OC Housing News info@ochousingnews.com 15 of 58 January 2016 Shevy Akason 877-409-8515 Median Resale % Rent % Median Cost of Ownership City Resale $ Change YoY Resale $/SF Change YoY Rent $ Ownership Prem./Disc. Cap Rate Studio City 927,700$ 5.8% 530$ 12.5% 3,682$ 4,189$ 507$ 3.8% Sylmar 395,400$ 5.5% 268$ 3.1% 2,400$ 1,754$ (646)$ 5.8% Tarzana 559,700$ 5.4% 333$ 9.3% 2,649$ 2,503$ (146)$ 4.5% Torrance 591,500$ 2.7% 417$ 5.6% 2,693$ 2,644$ (49)$ 4.4% Valencia 472,500$ 5.6% 288$ 4.2% 2,459$ 2,090$ (368)$ 5.0% Valley Village 782,400$ 4.6% 423$ 11.0% 2,790$ 3,489$ 700$ 3.4% Venice 1,597,700$ 8.3% 1,096$ 9.4% 3,958$ 7,269$ 3,310$ 2.4% Walnut 709,900$ -1.5% 370$ 3.2% 2,616$ 3,182$ 566$ 3.5% West Hills 574,300$ 10.6% 346$ 5.8% 2,735$ 2,544$ (192)$ 4.6% West Hollywood 695,600$ 15.3% 701$ 4.2% 3,489$ 3,067$ (421)$ 4.8% Winnetka 460,300$ 8.9% 293$ 3.3% 2,474$ 2,026$ (449)$ 5.2% Agoura Hills 91301 687,600$ 9.2% 349$ 4.4% 2,788$ 3,026$ 239$ 3.9% Altadena 91001 672,700$ 12.1% 446$ -7.7% 2,467$ 3,019$ 552$ 3.5% Beverly Hills 90210 2,717,800$ 6.2% 1,036$ 5.2% 3,913$ 12,185$ 8,273$ 1.4% Beverly Hills 90211 1,541,600$ 0.1% 756$ 1.7% 4,298$ 6,698$ 2,400$ 2.7% Burbank 91501 598,000$ 8.7% 433$ 0.6% 2,567$ 2,632$ 65$ 4.1% Burbank 91504 623,700$ 3.2% 405$ 4.1% 2,889$ 2,748$ (141)$ 4.4% Burbank 91505 628,000$ 4.7% 470$ 14.8% 2,456$ 2,784$ 328$ 3.8% Calabasas 91302 1,124,800$ 5.0% 414$ 1.6% 3,356$ 4,886$ 1,531$ 2.9% Chatsworth 91311 483,900$ 0.7% 271$ 9.7% 2,460$ 2,235$ (225)$ 4.9% Culver City 90230 510,800$ 16.6% 531$ 5.2% 2,839$ 2,220$ (619)$ 5.3% Gardena 90247 383,000$ 7.8% 299$ -2.0% 1,600$ 1,705$ 105$ 4.0% Glendale 91202 571,200$ 10.6% 401$ 10.7% 2,571$ 2,513$ (58)$ 4.3% Glendale 91206 628,600$ 7.4% 389$ -3.2% 2,246$ 2,645$ 399$ 3.4% Glendale 91207 810,900$ 15.3% 452$ 4.6% 2,665$ 3,675$ 1,011$ 3.2% Glendale 91208 829,000$ 10.8% 449$ 1.2% 2,635$ 3,700$ 1,065$ 3.1% Granada Hills 91344 537,200$ 8.5% 318$ 6.6% 2,476$ 2,406$ (69)$ 4.4% Harbor City 90710 482,100$ 8.2% 319$ 2.0% 2,383$ 2,098$ (285)$ 4.7% La Canada Flintridge 91011 1,564,100$ 12.8% 632$ -1.9% 3,577$ 6,829$ 3,252$ 2.2% La Crescenta 91214 728,300$ 9.4% 458$ 13.1% 3,212$ 3,237$ 24$ 4.2% Lomita 90717 523,400$ 11.4% 373$ 9.1% 2,203$ 2,320$ 117$ 4.0% Long Beach 90802 293,000$ 9.0% 377$ 9.4% 2,084$ 1,291$ (793)$ 6.8% Long Beach 90803 660,700$ 4.3% 502$ 7.5% 2,497$ 3,044$ 547$ 3.6% Long Beach 90804 359,700$ 6.6% 358$ 7.6% 1,881$ 1,577$ (304)$ 5.0% Long Beach 90805 353,300$ 7.4% 308$ 10.2% 1,933$ 1,568$ (365)$ 5.3% Long Beach 90805 353,300$ 7.4% 308$ 10.2% 1,933$ 1,568$ (365)$ 5.3% Long Beach 90806 422,800$ 15.9% 346$ 9.8% 1,653$ 1,849$ 196$ 3.8% Market Performance and Trends: West Los Angeles County, Major Cities, and Zips
- 16. OC Housing News info@ochousingnews.com 16 of 58 January 2016 Shevy Akason 877-409-8515 Median Resale % Rent % Median Cost of Ownership City Resale $ Change YoY Resale $/SF Change YoY Rent $ Ownership Prem./Disc. Cap Rate Long Beach 90807 533,500$ 11.1% 369$ 8.3% 1,556$ 2,325$ 769$ 2.8% Long Beach 90808 571,900$ 3.6% 398$ 10.0% 2,252$ 2,546$ 295$ 3.8% Long Beach 90813 299,800$ 15.0% 300$ 10.3% 1,182$ 1,332$ 150$ 3.8% Long Beach 90814 617,400$ 1.6% 419$ 27.3% 2,236$ 2,718$ 482$ 3.5% Long Beach 90815 582,300$ 8.9% 406$ 11.2% 2,462$ 2,571$ 110$ 4.1% Los Angeles 90004 806,300$ 12.1% 629$ 23.3% 3,448$ 3,610$ 162$ 4.1% Los Angeles 90005 607,700$ -2.3% 435$ 10.6% 2,943$ 2,659$ (284)$ 4.6% Los Angeles 90012 460,800$ 2.5% 519$ 7.0% 2,294$ 2,051$ (243)$ 4.8% Los Angeles 90019 877,200$ 9.7% 497$ 5.6% 2,587$ 3,896$ 1,309$ 2.8% Los Angeles 90020 441,800$ 1.6% 493$ 9.0% 2,326$ 1,946$ (380)$ 5.1% Los Angeles 90024 834,800$ 5.7% 678$ 5.7% 3,114$ 3,686$ 573$ 3.6% Los Angeles 90025 772,100$ 10.5% 586$ 7.5% 3,721$ 3,430$ (291)$ 4.6% Los Angeles 90026 826,900$ 8.4% 592$ -1.7% 3,450$ 3,544$ 94$ 4.0% Los Angeles 90027 1,205,000$ 2.7% 605$ 10.7% 3,193$ 5,319$ 2,126$ 2.5% Los Angeles 90034 828,000$ 12.6% 596$ 32.4% 3,811$ 3,763$ (48)$ 4.4% Los Angeles 90035 973,900$ 14.6% 625$ 8.3% 3,269$ 4,288$ 1,019$ 3.2% Los Angeles 90036 1,205,200$ 1.9% 617$ 10.0% 3,743$ 5,153$ 1,411$ 3.0% Los Angeles 90042 511,700$ 0.7% 443$ 9.6% 2,127$ 2,315$ 187$ 4.0% Los Angeles 90045 913,200$ 8.5% 576$ 15.1% 3,627$ 4,009$ 382$ 3.8% Los Angeles 90046 1,232,200$ 1.3% 696$ -3.9% 3,426$ 5,566$ 2,140$ 2.7% Los Angeles 90048 1,507,200$ 13.6% 759$ -0.5% 3,744$ 6,643$ 2,899$ 2.4% Los Angeles 90049 1,624,800$ 5.6% 801$ 11.5% 3,743$ 7,057$ 3,314$ 2.2% Los Angeles 90064 1,066,400$ 8.1% 693$ 6.3% 3,478$ 4,627$ 1,149$ 3.1% Los Angeles 90066 1,126,600$ 9.8% 710$ 4.0% 3,793$ 4,990$ 1,197$ 3.2% Los Angeles 90068 1,193,500$ 7.8% 612$ 7.7% 3,944$ 5,321$ 1,377$ 3.2% Manhattan Beach 90266 2,096,600$ 18.3% 1,141$ 14.2% 3,856$ 9,078$ 5,223$ 1.8% Marina del Rey 90292 896,900$ 6.7% 604$ 6.2% 3,517$ 3,954$ 436$ 3.8% Montrose 91020 551,400$ 6.2% 407$ -1.0% 2,676$ 2,455$ (221)$ 4.7% North Hills 91343 433,400$ 10.6% 267$ 7.6% 2,446$ 1,931$ (515)$ 5.4% Northridge 91325 531,800$ 10.7% 292$ 3.5% 2,357$ 2,352$ (5)$ 4.3% Pacific Palisades 90272 2,251,700$ 4.8% 926$ -0.5% 4,642$ 10,019$ 5,378$ 2.0% Palos Verdes Estates 90274 1,640,200$ -2.3% 674$ 8.7% 3,793$ 7,467$ 3,674$ 2.2% Redondo Beach 90277 911,500$ 6.0% 597$ 5.6% 3,147$ 4,093$ 946$ 3.3% Redondo Beach 90278 804,800$ 11.2% 485$ 4.1% 3,285$ 3,587$ 302$ 3.9% Reseda 91335 428,300$ 11.0% 311$ 2.5% 2,359$ 1,900$ (459)$ 5.3% San Pedro 90731 472,300$ 8.7% 363$ 3.2% 1,668$ 2,085$ 417$ 3.4% San Pedro 90732 460,400$ 6.7% 343$ 6.5% 1,939$ 2,054$ 115$ 4.0% Market Performance and Trends: West Los Angeles County, Major Cities, and Zips
- 17. OC Housing News info@ochousingnews.com 17 of 58 January 2016 Shevy Akason 877-409-8515 Median Resale % Rent % Median Cost of Ownership City Resale $ Change YoY Resale $/SF Change YoY Rent $ Ownership Prem./Disc. Cap Rate Santa Monica 90402 2,832,500$ 3.3% 1,239$ -8.7% 3,631$ 12,592$ 8,961$ 1.2% Santa Monica 90403 1,183,300$ 2.5% 825$ 1.2% 3,715$ 5,062$ 1,347$ 3.0% Santa Monica 90404 755,800$ 7.3% 661$ 5.8% 3,310$ 3,505$ 196$ 4.2% Santa Monica 90405 1,359,800$ 6.6% 906$ 6.4% 3,577$ 6,153$ 2,576$ 2.5% Sherman Oaks 91403 842,100$ 7.2% 450$ 1.9% 2,721$ 3,760$ 1,038$ 3.1% Sherman Oaks 91423 857,300$ 7.0% 471$ 4.3% 2,669$ 3,684$ 1,015$ 3.0% Tarzana 91356 754,800$ 7.4% 339$ 10.9% 2,611$ 3,198$ 586$ 3.3% Torrance 90501 544,800$ 2.4% 404$ 3.4% 2,459$ 2,404$ (54)$ 4.3% Torrance 90502 613,900$ -24.3% 316$ 0.4% 1,806$ 2,732$ 926$ 2.8% Torrance 90503 668,700$ 6.7% 453$ 4.4% 2,725$ 2,957$ 232$ 3.9% Torrance 90504 579,300$ 5.9% 417$ 2.8% 2,616$ 2,598$ (18)$ 4.3% Torrance 90505 772,300$ -2.3% 458$ 8.1% 3,004$ 3,485$ 481$ 3.7% Valencia 91354 479,000$ 5.3% 275$ 4.5% 2,527$ 2,117$ (410)$ 5.1% Valencia 91355 430,100$ 7.5% 302$ 5.7% 1,877$ 1,930$ 53$ 4.2% Valley Village 91607 810,800$ 3.9% 415$ 9.3% 2,790$ 3,566$ 776$ 3.3% Venice 90291 1,662,600$ 12.9% 1,155$ 10.2% 3,709$ 7,547$ 3,837$ 2.1% Walnut 91789 709,900$ -1.5% 370$ 3.2% 2,616$ 3,182$ 566$ 3.5% West Hills 91307 536,900$ 6.8% 340$ 4.5% 2,793$ 2,386$ (407)$ 5.0% West Hollywood 90069 682,400$ 21.0% 704$ 4.8% 3,488$ 2,941$ (547)$ 4.9% Winnetka 91306 460,300$ 8.9% 293$ 3.3% 2,474$ 2,026$ (449)$ 5.2% Market Performance and Trends: West Los Angeles County, Major Cities, and Zips
- 18. OC Housing News info@ochousingnews.com 18 of 58 January 2016 Shevy Akason 877-409-8515 % Over/Under Historic % Over/Under City Rating Median Rental Parity Rental Parity Premium Historic Prem. Agoura Hills 9 687,600$ 621,900$ 8.0% 24.3% -16.3% Altadena 1 672,700$ 550,300$ 25.5% 5.4% 20.1% Beverly Hills 6 2,211,100$ 884,100$ 143.6% 136.7% 6.9% Burbank 7 642,600$ 600,500$ 7.4% 3.5% 3.9% Calabasas 9 1,035,900$ 729,000$ 38.9% 70.9% -32.0% Canoga Park 8 368,400$ 399,800$ -11.9% 13.8% -25.7% Carson 7 413,100$ 503,600$ -18.1% -3.3% -14.7% Chatsworth 7 483,900$ 548,900$ -9.4% 8.7% -18.1% Culver City 7 739,300$ 708,700$ 5.5% 6.5% -1.0% Encino 6 689,600$ 612,900$ 13.1% 25.7% -12.6% Gardena 8 418,300$ 500,300$ -17.0% 5.0% -22.0% Glendale 7 631,300$ 504,600$ 23.1% 21.5% 1.6% Granada Hills 7 534,300$ 552,300$ -1.7% 3.1% -4.8% Harbor City 8 485,900$ 529,800$ -11.6% 13.8% -25.4% Hawthorne 8 485,000$ 655,700$ -22.2% -18.5% -3.7% Hermosa Beach 6 1,394,100$ 840,100$ 60.3% 62.6% -2.4% Inglewood 6 368,200$ 377,800$ -0.8% 9.6% -10.4% La Canada Flintridge 1 1,564,100$ 798,100$ 94.6% 58.7% 35.9% La Crescenta 7 728,300$ 716,600$ 0.8% 14.5% -13.7% Lomita 9 523,400$ 491,400$ 10.8% 39.0% -28.3% Long Beach 7 462,000$ 490,100$ -6.8% 2.2% -9.0% Los Angeles (City) 6 654,600$ 721,100$ -9.3% -23.1% 13.8% Malibu 2 2,022,100$ 883,400$ 119.3% 92.4% 26.8% Manhattan Beach 1 2,096,600$ 860,100$ 135.1% 67.3% 67.8% Marina del Rey 8 896,900$ 784,700$ 10.0% 11.1% -1.1% Montrose 7 547,800$ 602,700$ -9.6% 8.2% -17.8% North Hills 8 433,400$ 545,600$ -20.3% -3.1% -17.2% North Hollywood 7 472,600$ 484,400$ -5.1% -2.9% -2.2% Northridge 7 600,500$ 687,400$ -10.5% -8.4% -2.1% Pacific Palisades 3 2,251,700$ 1,035,500$ 122.8% 103.8% 19.0% Playa del Rey 10 570,200$ 646,400$ -13.4% 20.8% -34.1% Rancho Palos Verdes 10 1,093,200$ 853,300$ 26.8% 71.1% -44.3% Redondo Beach 7 852,900$ 695,300$ 20.1% 21.0% -0.9% Reseda 8 428,300$ 526,300$ -18.5% -9.3% -9.3% San Pedro 10 467,700$ 433,500$ 5.0% 34.9% -29.9% Santa Monica 1 1,196,800$ 801,300$ 51.3% 16.2% 35.0% Sherman Oaks 8 735,500$ 627,700$ 13.5% 21.0% -7.5% Market Timing Rating and Valuations: West Los Angeles County, Major Cities, and Zips
- 19. OC Housing News info@ochousingnews.com 19 of 58 January 2016 Shevy Akason 877-409-8515 % Over/Under Historic % Over/Under City Rating Median Rental Parity Rental Parity Premium Historic Prem. Studio City 7 927,700$ 821,500$ 17.3% 23.0% -5.7% Sylmar 10 395,400$ 535,500$ -25.4% -6.8% -18.6% Tarzana 10 559,700$ 591,000$ -5.0% 21.2% -26.2% Torrance 10 591,500$ 600,700$ -3.0% 17.1% -20.1% Valencia 10 472,500$ 548,500$ -14.8% 6.8% -21.6% Valley Village 9 782,400$ 622,300$ 24.1% 40.8% -16.6% Venice 1 1,597,700$ 883,100$ 86.3% -9.1% 95.4% Walnut 7 709,900$ 583,500$ 21.8% 36.2% -14.4% West Hills 8 574,300$ 610,200$ -6.6% 2.2% -8.8% West Hollywood 7 695,600$ 778,300$ -11.9% -9.1% -2.7% Winnetka 8 460,300$ 551,900$ -17.4% -2.3% -15.2% Agoura Hills 91301 9 687,600$ 621,900$ 8.0% 24.3% -16.3% Altadena 91001 1 672,700$ 550,300$ 25.5% 5.4% 20.1% Beverly Hills 90210 7 2,717,800$ 872,900$ 211.1% 195.7% 15.4% Beverly Hills 90211 4 1,541,600$ 958,900$ 58.7% 64.5% -5.8% Burbank 91501 6 598,000$ 572,700$ 4.5% 12.7% -8.2% Burbank 91504 10 623,700$ 644,500$ -2.7% 14.8% -17.5% Burbank 91505 7 628,000$ 547,800$ 12.4% 4.4% 8.0% Calabasas 91302 8 1,124,800$ 748,600$ 43.5% 65.1% -21.6% Chatsworth 91311 7 483,900$ 548,900$ -9.4% 8.7% -18.1% Culver City 90230 10 510,800$ 633,300$ -19.8% 7.9% -27.7% Gardena 90247 3 383,000$ 357,000$ 9.0% 11.6% -2.7% Glendale 91202 10 571,200$ 573,600$ -4.7% 29.6% -34.3% Glendale 91206 4 628,600$ 501,000$ 18.3% 29.7% -11.5% Glendale 91207 10 810,900$ 594,400$ 37.2% 74.7% -37.5% Glendale 91208 6 829,000$ 587,900$ 40.4% 49.8% -9.3% Granada Hills 91344 7 537,200$ 552,300$ -1.0% 3.1% -4.1% Harbor City 90710 8 482,100$ 531,500$ -12.5% 15.0% -27.5% La Canada Flintridge 91011 1 1,564,100$ 798,100$ 94.6% 62.6% 31.9% La Crescenta 91214 7 728,300$ 716,600$ 0.8% 14.1% -13.3% Lomita 90717 9 523,400$ 491,400$ 10.8% 36.0% -25.2% Long Beach 90802 6 293,000$ 465,000$ -36.4% -40.4% 4.0% Long Beach 90803 10 660,700$ 557,100$ 16.1% 56.1% -40.0% Long Beach 90804 9 359,700$ 419,700$ -17.8% 3.5% -21.3% Long Beach 90805 10 353,300$ 431,200$ -19.1% 19.7% -38.8% Long Beach 90805 10 353,300$ 431,200$ -19.1% 19.7% -38.8% Long Beach 90806 10 422,800$ 368,700$ 13.9% 52.5% -38.6% Market Timing Rating and Valuations: West Los Angeles County, Major Cities, and Zips
- 20. OC Housing News info@ochousingnews.com 20 of 58 January 2016 Shevy Akason 877-409-8515 % Over/Under Historic % Over/Under City Rating Median Rental Parity Rental Parity Premium Historic Prem. Long Beach 90807 9 533,500$ 347,200$ 48.2% 74.4% -26.1% Long Beach 90808 7 571,900$ 502,300$ 8.8% 13.0% -4.2% Long Beach 90813 5 299,800$ 263,600$ 11.7% -2.0% 13.7% Long Beach 90814 5 617,400$ 498,700$ 24.6% 29.4% -4.8% Long Beach 90815 7 582,300$ 549,200$ 5.0% 15.1% -10.1% Los Angeles 90004 10 806,300$ 769,200$ 6.1% 44.2% -38.0% Los Angeles 90005 10 607,700$ 656,500$ -8.7% 48.5% -57.1% Los Angeles 90012 8 460,800$ 511,700$ -9.8% -5.2% -4.5% Los Angeles 90019 2 877,200$ 577,100$ 46.7% 3.8% 42.9% Los Angeles 90020 9 441,800$ 518,900$ -16.7% 17.4% -34.1% Los Angeles 90024 10 834,800$ 694,700$ 16.9% 43.9% -27.0% Los Angeles 90025 8 772,100$ 830,200$ -7.5% 14.7% -22.2% Los Angeles 90026 2 826,900$ 769,800$ 5.6% -11.1% 16.7% Los Angeles 90027 6 1,205,000$ 712,300$ 68.4% 53.4% 15.0% Los Angeles 90034 6 828,000$ 850,100$ -1.1% 3.2% -4.4% Los Angeles 90035 4 973,900$ 729,400$ 32.3% 15.8% 16.6% Los Angeles 90036 2 1,205,200$ 835,000$ 39.4% 11.4% 28.0% Los Angeles 90042 4 511,700$ 474,600$ 8.6% -5.0% 13.6% Los Angeles 90045 6 913,200$ 809,100$ 13.2% 20.4% -7.2% Los Angeles 90046 1 1,232,200$ 764,300$ 64.9% 14.2% 50.6% Los Angeles 90048 1 1,507,200$ 835,200$ 81.6% 28.8% 52.8% Los Angeles 90049 9 1,624,800$ 835,100$ 86.8% 110.5% -23.6% Los Angeles 90064 7 1,066,400$ 775,900$ 33.6% 37.1% -3.5% Los Angeles 90066 6 1,126,600$ 846,300$ 30.2% 14.8% 15.3% Los Angeles 90068 4 1,193,500$ 879,800$ 36.1% 17.8% 18.3% Manhattan Beach 90266 1 2,096,600$ 860,100$ 135.1% 66.1% 69.1% Marina del Rey 90292 8 896,900$ 784,700$ 10.0% 11.0% -1.0% Montrose 91020 7 551,400$ 597,000$ -8.3% 7.9% -16.2% North Hills 91343 8 433,400$ 545,600$ -20.3% -3.1% -17.2% Northridge 91325 9 531,800$ 525,800$ -1.0% 21.6% -22.6% Pacific Palisades 90272 3 2,251,700$ 1,035,500$ 122.8% 103.5% 19.3% Palos Verdes Estates 90274 4 1,640,200$ 846,100$ 105.6% 94.0% 11.6% Redondo Beach 90277 8 911,500$ 702,100$ 27.0% 31.5% -4.5% Redondo Beach 90278 7 804,800$ 732,900$ 9.7% 12.3% -2.5% Reseda 91335 8 428,300$ 526,300$ -18.5% -9.3% -9.3% San Pedro 90731 9 472,300$ 372,200$ 23.4% 45.2% -21.8% San Pedro 90732 10 460,400$ 432,500$ 4.2% 32.7% -28.5% Market Timing Rating and Valuations: West Los Angeles County, Major Cities, and Zips
- 21. OC Housing News info@ochousingnews.com 21 of 58 January 2016 Shevy Akason 877-409-8515 % Over/Under Historic % Over/Under City Rating Median Rental Parity Rental Parity Premium Historic Prem. Santa Monica 90402 1 2,832,500$ 810,000$ 242.7% 179.8% 62.9% Santa Monica 90403 3 1,183,300$ 828,800$ 34.2% 5.9% 28.3% Santa Monica 90404 7 755,800$ 738,400$ 5.1% 5.4% -0.3% Santa Monica 90405 1 1,359,800$ 798,000$ 72.0% 14.0% 58.0% Sherman Oaks 91403 4 842,100$ 607,100$ 40.9% 28.4% 12.5% Sherman Oaks 91423 6 857,300$ 595,500$ 34.9% 25.8% 9.1% Tarzana 91356 6 754,800$ 582,600$ 22.6% 22.5% 0.0% Torrance 90501 10 544,800$ 548,500$ -1.0% 16.3% -17.4% Torrance 90502 10 613,900$ 402,800$ 48.8% 120.2% -71.4% Torrance 90503 10 668,700$ 607,900$ 6.9% 31.3% -24.5% Torrance 90504 10 579,300$ 583,600$ 0.2% 16.5% -16.3% Torrance 90505 7 772,300$ 670,200$ 14.5% 38.4% -23.9% Valencia 91354 10 479,000$ 563,800$ -15.7% 12.5% -28.2% Valencia 91355 10 430,100$ 418,600$ -1.5% 36.2% -37.7% Valley Village 91607 5 810,800$ 622,300$ 26.8% 4.6% 22.2% Venice 90291 1 1,662,600$ 827,500$ 104.4% -9.2% 113.6% Walnut 91789 7 709,900$ 583,500$ 21.8% 36.2% -14.4% West Hills 91307 10 536,900$ 623,000$ -13.2% 4.6% -17.8% West Hollywood 90069 7 682,400$ 778,100$ -15.9% -8.1% -7.8% Winnetka 91306 8 460,300$ 551,900$ -17.4% -2.3% -15.2% Market Timing Rating and Valuations: West Los Angeles County, Major Cities, and Zips
- 22. OC Housing News info@ochousingnews.com 22 of 58 January 2016 Shevy Akason 877-409-8515 Historically, properties in this market sell at a 0.6% premium. Today's discount is 3.5%. This market is 4.1% undervalued. Median home price is $594,700 with a rental parity value of $611,600. This market's discount is $16,900. Monthly payment affordability has been improving over the last 3 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $392/SF to $394/SF. Resale prices have been rising for 11 month(s). Over the last 12 months, resale prices rose 5.1% indicating a longer term upward price trend. Median rental rates declined $8 last month from $2,750 to $2,741. The current capitalization rate (rent/price) is 4.4%. Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months. Market rating = 8 Median Home Price and Rental Parity trailing twelve months Date Rating Median Rental Parity Historic Value 1/2015 8 560,800$ 601,600$ 605,294$ 2/2015 8 558,800$ 597,800$ 601,470$ 3/2015 8 560,500$ 593,400$ 597,043$ 4/2015 8 563,400$ 600,700$ 604,388$ 5/2015 8 569,400$ 599,500$ 603,181$ 6/2015 8 577,800$ 595,100$ 598,754$ 7/2015 8 586,900$ 597,500$ 601,169$ 8/2015 8 592,800$ 617,000$ 620,788$ 9/2015 8 594,400$ 622,300$ 626,121$ 10/2015 8 597,000$ 627,200$ 631,051$ 11/2015 8 596,600$ 615,000$ 618,776$ 12/2015 8 594,700$ 611,600$ 615,355$ Resale $/SF and year-over-year percentage change trailing twelve months Date ± Typ. Value $/SF % Change 1/2015 -5.7% 374$ 5.9% 2/2015 -6.8% 375$ 4.8% 3/2015 -6.9% 375$ 4.7% 4/2015 -6.7% 377$ 4.5% 5/2015 -6.2% 378$ 3.8% 6/2015 -5.3% 380$ 3.5% 7/2015 -3.9% 384$ 3.3% 8/2015 -3.5% 386$ 3.7% 9/2015 -4.0% 388$ 3.6% 10/2015 -5.0% 391$ 4.5% 11/2015 -4.7% 392$ 4.7% 12/2015 -4.1% 394$ 5.1% 0.00613984 Rental rate and year-over-year percentage change trailing twelve months Date % Change Rent Own Historic Cost to Own Relative to Rent 1/2015 4.9% 2,616$ 2,494$ 2,632$ 2/2015 5.0% 2,599$ 2,454$ 2,615$ 3/2015 5.1% 2,599$ 2,441$ 2,615$ 4/2015 5.1% 2,599$ 2,441$ 2,615$ 5/2015 5.4% 2,648$ 2,469$ 2,665$ 6/2015 5.5% 2,674$ 2,516$ 2,691$ 7/2015 5.6% 2,708$ 2,590$ 2,724$ 8/2015 5.9% 2,749$ 2,632$ 2,766$ 9/2015 6.1% 2,766$ 2,647$ 2,783$ 10/2015 6.0% 2,758$ 2,636$ 2,774$ 11/2015 6.0% 2,750$ 2,645$ 2,767$ 12/2015 6.0% 2,742$ 2,652$ 2,759$ Orange County Housing Market News $520,000 $540,000 $560,000 $580,000 $600,000 $620,000 $640,000 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 Median Rental Parity Historic Value $374 $375 $375 $377 $378 $380 $384 $386 $388 $391 $392 $394 $360 $365 $370 $375 $380 $385 $390 $395 $400 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 $2,616 $2,599 $2,599 $2,599 $2,648 $2,674 $2,708 $2,749 $2,766 $2,758 $2,750 $2,742 $2,200 $2,300 $2,400 $2,500 $2,600 $2,700 $2,800 $2,900 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 Rent Own Historic Cost to Own Relagve to Rent
- 23. OC Housing News info@ochousingnews.com 23 of 58 January 2016 Shevy Akason 877-409-8515 Orange County median home price since January 1988 Orange County median rent and monthly cost of ownership since January 1988 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 1/1988 1/1989 1/1990 1/1991 1/1992 1/1993 1/1994 1/1995 1/1996 1/1997 1/1998 1/1999 1/2000 1/2001 1/2002 1/2003 1/2004 1/2005 1/2006 1/2007 1/2008 1/2009 1/2010 1/2011 1/2012 1/2013 1/2014 1/2015 1/2016 1/2017 Median Resale Projecgon Rental Parity Historic Value $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 1/1988 1/1989 1/1990 1/1991 1/1992 1/1993 1/1994 1/1995 1/1996 1/1997 1/1998 1/1999 1/2000 1/2001 1/2002 1/2003 1/2004 1/2005 1/2006 1/2007 1/2008 1/2009 1/2010 1/2011 1/2012 1/2013 1/2014 1/2015 Median Rent Cost to Own Historic Cost to Own Relagve to Rent
- 27. OC Housing News info@ochousingnews.com 27 of 58 January 2016 Shevy Akason 877-409-8515 Median Resale % Rent % Median Cost of Ownership City Resale $ Change YoY Resale $/SF Change YoY Rent $ Ownership Prem./Disc. Cap Rate Aliso Viejo 506,200$ 3.0% 357$ 4.3% 2,507$ 2,269$ (238)$ 4.8% Anaheim 470,600$ 5.5% 319$ 5.2% 2,183$ 2,093$ (90)$ 4.5% Anaheim Hills 627,700$ 5.0% 337$ 3.4% 2,583$ 2,796$ 213$ 4.0% Brea 625,300$ 4.9% 340$ 7.8% 2,561$ 2,803$ 242$ 3.9% Buena Park 475,900$ 6.8% 333$ 3.8% 2,303$ 2,128$ (175)$ 4.6% Corona Del Mar 1,528,300$ 14.2% 1,106$ 0.5% 4,071$ 6,615$ 2,543$ 2.6% Costa Mesa 686,700$ 8.6% 458$ 5.9% 2,802$ 3,051$ 249$ 3.9% Coto De Caza 1,019,200$ 3.6% 343$ 3.8% 3,584$ 4,523$ 939$ 3.4% Cypress 543,600$ 8.2% 352$ 1.0% 2,533$ 2,430$ (103)$ 4.5% Dana Point 801,100$ 9.1% 545$ 6.5% 2,584$ 3,553$ 969$ 3.1% Fountain Valley 668,300$ 6.5% 362$ 4.1% 2,794$ 2,985$ 191$ 4.0% Fullerton 524,400$ 5.4% 342$ 6.5% 2,519$ 2,311$ (209)$ 4.6% Garden Grove 490,200$ 5.4% 336$ 4.3% 2,006$ 2,176$ 170$ 3.9% Huntington Beach 678,500$ 6.2% 439$ 4.8% 2,718$ 3,019$ 301$ 3.8% Irvine 712,800$ 3.7% 433$ 3.3% 3,006$ 3,201$ 196$ 4.0% La Habra 471,800$ 7.5% 324$ 5.5% 1,801$ 2,068$ 268$ 3.7% La Palma 615,200$ 2.5% 311$ 0.5% 2,628$ 2,751$ 122$ 4.1% Ladera Ranch 630,500$ 3.2% 329$ 2.7% 2,907$ 2,828$ (79)$ 4.4% Laguna Beach 1,671,100$ 4.8% 1,051$ 6.0% 3,571$ 7,305$ 3,734$ 2.1% Laguna Hills 600,500$ 2.9% 344$ 5.0% 2,539$ 2,585$ 46$ 4.1% Laguna Niguel 719,300$ 2.9% 388$ 4.2% 2,757$ 3,211$ 453$ 3.7% Laguna Woods 228,900$ 4.5% 230$ 9.0% 1,731$ 1,023$ (708)$ 7.3% Lake Forest 575,100$ 5.2% 342$ 1.4% 2,490$ 2,560$ 70$ 4.2% Mission Viejo 620,000$ 5.3% 352$ 3.0% 2,693$ 2,761$ 68$ 4.2% Newport Beach 1,513,600$ 6.2% 789$ 9.7% 3,522$ 6,715$ 3,193$ 2.2% Newport Coast 2,923,400$ 0.6% 761$ 3.4% 4,456$ 12,835$ 8,379$ 1.5% North Tustin 867,800$ 5.2% 362$ 5.5% 1,539$ 4,341$ 2,803$ 1.7% Orange 581,700$ 6.5% 352$ 9.3% 2,588$ 2,609$ 22$ 4.3% Placentia 579,800$ 5.5% 316$ 8.9% 2,397$ 2,548$ 151$ 4.0% Rancho Santa Margarita 563,700$ 5.1% 343$ 7.4% 2,453$ 2,518$ 66$ 4.2% San Clemente 837,300$ 7.1% 433$ 9.8% 2,622$ 3,701$ 1,079$ 3.0% San Juan Capistrano 719,600$ 3.7% 351$ 1.6% 2,756$ 3,183$ 427$ 3.7% Santa Ana 416,600$ 8.6% 325$ 5.9% 1,999$ 1,862$ (137)$ 4.6% Tustin 560,200$ 6.3% 375$ 6.5% 2,456$ 2,506$ 51$ 4.2% Westminster 556,500$ 7.8% 372$ -3.4% 2,482$ 2,491$ 9$ 4.3% Yorba Linda 726,200$ 4.0% 352$ 1.1% 3,069$ 3,230$ 161$ 4.1% Market Performance and Trends: Orange County and Major Cities and Zips
- 28. OC Housing News info@ochousingnews.com 28 of 58 January 2016 Shevy Akason 877-409-8515 Median Resale % Rent % Median Cost of Ownership City Resale $ Change YoY Resale $/SF Change YoY Rent $ Ownership Prem./Disc. Cap Rate Anaheim 92801 426,200$ 5.2% 320$ 4.8% 2,033$ 1,909$ (123)$ 4.6% Anaheim 92802 457,500$ 4.1% 316$ 3.7% 2,081$ 2,051$ (30)$ 4.4% Anaheim 92804 482,800$ 9.6% 318$ 8.1% 2,032$ 2,146$ 115$ 4.0% Anaheim 92805 450,600$ 8.0% 331$ 2.4% 2,238$ 1,991$ (246)$ 4.8% Anaheim 92806 525,200$ 6.2% 302$ 5.0% 2,357$ 2,318$ (39)$ 4.3% Anaheim 92807 514,000$ 5.4% 331$ 5.8% 1,693$ 2,279$ 587$ 3.2% Fullerton 92831 558,000$ 7.1% 346$ 4.1% 2,481$ 2,442$ (39)$ 4.3% Fullerton 92832 436,100$ 7.4% 352$ 7.6% 2,287$ 1,960$ (327)$ 5.0% Fullerton 92833 515,000$ 4.4% 342$ 5.7% 2,450$ 2,257$ (193)$ 4.6% Fullerton 92835 606,000$ 5.0% 335$ 5.2% 3,103$ 2,728$ (375)$ 4.9% Garden Grove 92840 453,200$ 2.7% 321$ 3.2% 1,852$ 2,009$ 157$ 3.9% Garden Grove 92841 520,600$ 8.6% 341$ 11.6% 2,231$ 2,309$ 78$ 4.1% Huntington Beach 92646 574,200$ 4.6% 404$ 3.3% 2,841$ 2,535$ (307)$ 4.8% Huntington Beach 92647 640,000$ 5.3% 412$ 2.4% 2,650$ 2,857$ 207$ 4.0% Huntington Beach 92648 812,400$ 6.8% 462$ 6.1% 3,252$ 3,618$ 366$ 3.8% Huntington Beach 92649 709,000$ 6.7% 479$ 4.7% 2,465$ 3,143$ 679$ 3.3% Newport Beach 92660 1,552,200$ 6.6% 678$ 3.9% 3,611$ 6,899$ 3,288$ 2.2% Newport Beach 92663 1,348,500$ 5.2% 808$ 11.8% 3,574$ 5,943$ 2,368$ 2.5% Orange 92867 551,400$ 4.5% 343$ 8.1% 2,249$ 2,527$ 279$ 3.9% Orange 92869 579,800$ 5.5% 316$ 8.9% 2,397$ 2,548$ 151$ 4.0% Market Performance and Trends: Orange County and Major Cities and Zips
- 29. OC Housing News info@ochousingnews.com 29 of 58 January 2016 Shevy Akason 877-409-8515 % Over/Under Historic % Over/Under City Rating Median Rental Parity Rental Parity Premium Historic Prem. Aliso Viejo 8 506,200$ 559,300$ -9.6% -4.7% -4.9% Anaheim 8 470,600$ 487,100$ -3.5% 4.5% -8.0% Anaheim Hills 9 627,700$ 576,300$ 7.5% 22.2% -14.7% Brea 7 625,300$ 571,300$ 9.5% 14.9% -5.4% Buena Park 8 475,900$ 513,700$ -8.0% -1.5% -6.5% Corona Del Mar 7 1,528,300$ 908,300$ 59.6% 82.6% -23.0% Costa Mesa 7 686,700$ 625,100$ 8.3% 13.8% -5.5% Coto De Caza 10 1,019,200$ 799,600$ 27.3% 54.3% -27.0% Cypress 7 543,600$ 565,100$ -3.0% 17.6% -20.6% Dana Point 7 801,100$ 576,400$ 34.1% 26.8% 7.3% Fountain Valley 9 668,300$ 623,400$ 9.0% 21.0% -12.0% Fullerton 8 524,400$ 562,100$ -8.2% -4.4% -3.8% Garden Grove 8 490,200$ 447,400$ 8.9% 5.3% 3.6% Huntington Beach 8 678,500$ 606,400$ 10.7% 15.8% -5.1% Irvine 8 712,800$ 670,500$ 6.7% 13.2% -6.5% La Habra 6 471,800$ 401,700$ 15.5% 5.5% 10.0% La Palma 7 615,200$ 586,400$ 5.6% 21.4% -15.8% Ladera Ranch 9 630,500$ 648,600$ -4.7% 5.5% -10.2% Laguna Beach 3 1,671,100$ 796,700$ 107.3% 59.5% 47.8% Laguna Hills 10 600,500$ 566,400$ 1.1% 27.8% -26.7% Laguna Niguel 8 719,300$ 615,100$ 14.0% 18.7% -4.7% Laguna Woods 10 228,900$ 386,000$ -40.9% -10.4% -30.5% Lake Forest 6 575,100$ 555,500$ 2.1% 8.8% -6.7% Mission Viejo 9 620,000$ 600,800$ 2.6% 11.6% -9.1% Newport Beach 6 1,513,600$ 785,800$ 88.3% 75.3% 13.0% Newport Coast 1 2,923,400$ 994,000$ 181.3% 105.3% 76.0% North Tustin 1 867,800$ 343,300$ 151.1% 46.4% 104.7% Orange 6 581,700$ 577,300$ -0.2% -9.6% 9.4% Placentia 7 579,800$ 534,800$ 3.4% -1.3% 4.7% Rancho Santa Margarita 7 563,700$ 547,200$ 0.0% 2.2% -2.1% San Clemente 5 837,300$ 585,000$ 40.6% 28.9% 11.7% San Juan Capistrano 6 719,600$ 614,700$ 14.8% 22.7% -7.8% Santa Ana 7 416,600$ 445,900$ -8.2% -1.4% -6.8% Tustin 8 560,200$ 547,800$ 2.2% 6.3% -4.0% Westminster 3 556,500$ 553,700$ 4.1% 5.8% -1.7% Yorba Linda 8 726,200$ 684,800$ 4.9% 23.6% -18.7% Market Timing Rating and Valuations: Orange County and Major Cities and Zips
- 30. OC Housing News info@ochousingnews.com 30 of 58 January 2016 Shevy Akason 877-409-8515 % Over/Under Historic % Over/Under City Rating Median Rental Parity Rental Parity Premium Historic Prem. Anaheim 92801 7 426,200$ 453,400$ -5.6% -16.5% 11.0% Anaheim 92802 9 457,500$ 464,200$ -2.4% 5.7% -8.1% Anaheim 92804 5 482,800$ 453,200$ 2.8% -10.0% 12.8% Anaheim 92805 6 450,600$ 455,700$ -1.5% -12.7% 11.2% Anaheim 92806 8 525,200$ 525,900$ -1.5% 0.4% -1.9% Anaheim 92807 3 514,000$ 377,600$ 34.6% -10.9% 45.6% Fullerton 92831 7 558,000$ 544,700$ 4.1% -1.9% 6.0% Fullerton 92832 6 436,100$ 510,200$ -15.0% -12.7% -2.3% Fullerton 92833 9 515,000$ 546,600$ -8.3% 2.3% -10.6% Fullerton 92835 10 606,000$ 692,300$ -9.8% 47.3% -57.1% Garden Grove 92840 8 453,200$ 413,100$ 8.0% 9.6% -1.6% Garden Grove 92841 7 520,600$ 497,700$ 3.6% 18.2% -14.6% Huntington Beach 92646 10 574,200$ 633,900$ -10.8% 10.2% -21.0% Huntington Beach 92647 8 640,000$ 591,200$ 7.8% 13.1% -5.3% Huntington Beach 92648 10 812,400$ 725,500$ 13.4% 56.1% -42.7% Huntington Beach 92649 8 709,000$ 549,800$ 27.9% 21.8% 6.1% Newport Beach 92660 8 1,552,200$ 805,600$ 90.6% 83.2% 7.4% Newport Beach 92663 3 1,348,500$ 797,300$ 68.6% 36.5% 32.1% Orange 92867 6 551,400$ 501,700$ 9.3% 0.6% 8.7% Orange 92869 7 579,800$ 534,800$ 3.4% -1.3% 4.7% Market Timing Rating and Valuations: Orange County and Major Cities and Zips
- 31. OC Housing News info@ochousingnews.com 31 of 58 January 2016 Shevy Akason 877-409-8515 Historically, properties in this market sell at a 18.5% discount. Today's discount is 23.5%. This market is 4.9% undervalued. Median home price is $306,900 with a rental parity value of $397,300. This market's discount is $90,400. Monthly payment affordability has been improving over the last 3 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 2 month(s). Over the last 12 months, resale prices rose 4.9% indicating a longer term upward price trend. Median rental rates declined $4 last month from $1,785 to $1,781. The current capitalization rate (rent/price) is 5.6%. Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months. Market rating = 8 Median Home Price and Rental Parity trailing twelve months Date Rating Median Rental Parity Historic Value 1/2015 7 289,600$ 389,100$ 316,987$ 2/2015 8 290,500$ 389,100$ 316,987$ 3/2015 8 292,300$ 386,200$ 314,625$ 4/2015 8 294,800$ 392,900$ 320,083$ 5/2015 8 298,100$ 388,600$ 316,580$ 6/2015 8 301,000$ 385,700$ 314,217$ 7/2015 8 305,100$ 388,000$ 316,091$ 8/2015 8 306,300$ 398,400$ 324,563$ 9/2015 8 306,500$ 401,800$ 327,333$ 10/2015 8 306,100$ 406,200$ 330,918$ 11/2015 8 307,400$ 399,300$ 325,297$ 12/2015 8 306,900$ 397,300$ 323,667$ Resale $/SF and year-over-year percentage change trailing twelve months Date ± Typ. Value $/SF % Change 1/2015 -5.6% 165$ 7.4% 2/2015 -6.5% 164$ 5.4% 3/2015 -6.5% 166$ 4.7% 4/2015 -6.3% 168$ 4.2% 5/2015 -5.7% 169$ 3.9% 6/2015 -4.9% 170$ 3.6% 7/2015 -3.7% 171$ 3.6% 8/2015 -3.6% 172$ 3.4% 9/2015 -4.2% 172$ 3.9% 10/2015 -5.3% 172$ 4.3% 11/2015 -5.3% 172$ 4.7% 12/2015 -4.9% 173$ 4.9% -0.1853326 Rental rate and year-over-year percentage change trailing twelve months Date % Change Rent Own Historic Cost to Own Relative to Rent 1/2015 2.2% 1,692$ 1,287$ 1,378$ 2/2015 2.2% 1,692$ 1,270$ 1,378$ 3/2015 2.4% 1,692$ 1,267$ 1,378$ 4/2015 2.4% 1,700$ 1,273$ 1,385$ 5/2015 2.7% 1,717$ 1,291$ 1,399$ 6/2015 2.9% 1,733$ 1,315$ 1,412$ 7/2015 3.4% 1,758$ 1,351$ 1,432$ 8/2015 3.7% 1,775$ 1,366$ 1,446$ 9/2015 4.0% 1,786$ 1,370$ 1,455$ 10/2015 4.2% 1,786$ 1,357$ 1,455$ 11/2015 4.6% 1,786$ 1,361$ 1,455$ 12/2015 5.0% 1,781$ 1,365$ 1,451$ Riverside County Housing Market News $- $100,000 $200,000 $300,000 $400,000 $500,000 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 Median Rental Parity Historic Value $165 $164 $166 $168 $169 $170 $171 $172 $172 $172 $172 $173 $150 $155 $160 $165 $170 $175 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 $1,692 $1,692 $1,692 $1,700 $1,717 $1,733 $1,758 $1,775 $1,786 $1,786 $1,786 $1,781 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 Rent Own Historic Cost to Own Relagve to Rent
- 32. OC Housing News info@ochousingnews.com 32 of 58 January 2016 Shevy Akason 877-409-8515 Riverside County median home price since January 1988 Riverside County median rent and monthly cost of ownership since January 1988 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 1/1988 1/1989 1/1990 1/1991 1/1992 1/1993 1/1994 1/1995 1/1996 1/1997 1/1998 1/1999 1/2000 1/2001 1/2002 1/2003 1/2004 1/2005 1/2006 1/2007 1/2008 1/2009 1/2010 1/2011 1/2012 1/2013 1/2014 1/2015 1/2016 1/2017 Median Resale Rental Parity Historic Value Projecgon $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 1/1989 1/1990 1/1991 1/1992 1/1993 1/1994 1/1995 1/1996 1/1997 1/1998 1/1999 1/2000 1/2001 1/2002 1/2003 1/2004 1/2005 1/2006 1/2007 1/2008 1/2009 1/2010 1/2011 1/2012 1/2013 1/2014 1/2015 1/2016 1/2017 Median Rent Cost to Own Historic Cost to Own Relagve to Rent
- 36. OC Housing News info@ochousingnews.com 36 of 58 January 2016 Shevy Akason 877-409-8515 Median Resale % Rent % Median Cost of Ownership City Resale $ Change YoY Resale $/SF Change YoY Rent $ Ownership Prem./Disc. Cap Rate Banning 202,600$ 3.3% 138$ 6.7% 1,174$ 905$ (270)$ 5.6% Beaumont 272,000$ 6.7% 138$ 0.3% 1,698$ 1,209$ (489)$ 6.0% Cathedral City 249,100$ 2.6% 150$ 1.4% 1,592$ 1,129$ (464)$ 6.1% Corona 406,500$ 5.5% 217$ 4.4% 2,145$ 1,812$ (333)$ 5.1% Desert Hot Springs 160,500$ 12.6% 104$ 8.1% 967$ 711$ (256)$ 5.8% Hemet 194,100$ 6.2% 116$ 8.0% 1,204$ 870$ (334)$ 6.0% Indio 271,100$ 6.1% 148$ 2.0% 1,615$ 1,201$ (414)$ 5.7% La Quinta 376,100$ 7.5% 212$ 2.8% 1,481$ 1,646$ 165$ 3.8% Lake Elsinore 302,000$ 9.3% 154$ 7.2% 1,735$ 1,341$ (394)$ 5.5% Menifee 306,500$ 7.3% 151$ 5.7% 1,606$ 1,365$ (241)$ 5.0% Moreno Valley 262,000$ 7.6% 156$ 3.6% 1,556$ 1,163$ (393)$ 5.7% Murrieta 356,100$ 7.3% 166$ 5.2% 1,839$ 1,590$ (249)$ 5.0% Norco 462,600$ 6.7% 248$ -1.7% 2,195$ 2,047$ (148)$ 4.6% Palm Desert 308,500$ 5.5% 189$ 8.6% 1,557$ 1,378$ (179)$ 4.8% Palm Springs 323,100$ 2.8% 233$ 5.9% 1,375$ 1,405$ 30$ 4.1% Perris 246,300$ 7.4% 143$ 1.6% 1,443$ 1,085$ (359)$ 5.6% Rancho Mirage 394,100$ -4.8% 198$ -6.1% 2,013$ 1,776$ (237)$ 4.9% Riverside 330,400$ 5.5% 200$ 2.1% 1,748$ 1,456$ (292)$ 5.1% San Jacinto 216,300$ 7.2% 116$ 5.7% 1,434$ 966$ (467)$ 6.4% Sun City 197,600$ 2.2% 141$ 0.1% 1,076$ 872$ (205)$ 5.2% Temecula 403,700$ 5.0% 192$ 4.5% 2,003$ 1,789$ (214)$ 4.8% Wildomar 308,200$ 10.9% 156$ 7.1% 1,785$ 1,380$ (405)$ 5.6% Banning 92220 202,600$ 3.3% 142$ 6.4% 1,174$ 905$ (270)$ 5.6% Beaumont 92223 271,900$ 6.4% 137$ 0.3% 1,698$ 1,208$ (490)$ 6.0% Canyon Lake 92587 350,800$ 1.4% 185$ 2.3% 1,909$ 1,557$ (352)$ 5.2% Cathedral City 92234 245,900$ 2.4% 150$ 1.5% 1,600$ 1,115$ (486)$ 6.2% Corona 92880 415,600$ 2.8% 207$ 11.8% 2,283$ 1,851$ (433)$ 5.3% Corona 92881 442,400$ 3.6% 218$ 2.6% 2,228$ 2,002$ (226)$ 4.8% Corona 92882 402,200$ 9.7% 237$ 2.4% 2,228$ 1,800$ (428)$ 5.3% Corona 92883 409,500$ 3.7% 198$ 2.6% 2,225$ 1,829$ (396)$ 5.2% Desert Hot Springs 92240 159,900$ 12.2% 103$ 10.6% 1,004$ 712$ (292)$ 6.0% Hemet 92544 201,000$ 7.0% 120$ 5.9% 1,214$ 898$ (316)$ 5.8% Hemet 92545 219,700$ 7.8% 119$ 7.2% 1,315$ 978$ (336)$ 5.7% Indio 92201 229,800$ 8.5% 145$ -1.4% 1,433$ 1,048$ (385)$ 6.0% Indio 92203 289,300$ 2.8% 151$ 2.5% 1,759$ 1,283$ (477)$ 5.8% La Quinta 92253 376,900$ 7.5% 212$ 2.8% 1,481$ 1,649$ 168$ 3.8% Market Performance and Trends: Riverside County, Major Cities, and Zips
- 37. OC Housing News info@ochousingnews.com 37 of 58 January 2016 Shevy Akason 877-409-8515 Median Resale % Rent % Median Cost of Ownership City Resale $ Change YoY Resale $/SF Change YoY Rent $ Ownership Prem./Disc. Cap Rate Lake Elsinore 92530 279,600$ 8.2% 161$ 8.5% 1,393$ 1,233$ (159)$ 4.8% Menifee 92584 317,600$ 7.0% 151$ 2.9% 1,757$ 1,416$ (341)$ 5.3% Moreno Valley 92551 250,800$ 7.2% 151$ 10.0% 1,388$ 1,115$ (273)$ 5.3% Moreno Valley 92553 239,500$ 8.9% 167$ 5.7% 1,416$ 1,059$ (357)$ 5.7% Moreno Valley 92555 301,800$ 2.3% 135$ 2.8% 1,700$ 1,336$ (364)$ 5.4% Moreno Valley 92557 276,200$ 11.5% 165$ 0.6% 1,532$ 1,226$ (306)$ 5.3% Murrieta 92562 358,700$ 7.0% 179$ 4.5% 1,892$ 1,606$ (285)$ 5.1% Murrieta 92563 353,200$ 7.9% 155$ 6.3% 1,790$ 1,564$ (226)$ 4.9% Norco 92860 462,600$ 6.7% 248$ -1.7% 2,195$ 2,047$ (148)$ 4.6% Palm Desert 92211 307,400$ 4.5% 182$ 2.5% 1,659$ 1,381$ (279)$ 5.2% Palm Desert 92260 307,700$ 6.9% 198$ 16.4% 1,475$ 1,382$ (92)$ 4.6% Palm Springs 92262 330,500$ 1.8% 242$ 12.0% 1,618$ 1,444$ (173)$ 4.7% Palm Springs 92264 315,900$ 3.4% 222$ -2.2% 1,434$ 1,404$ (29)$ 4.4% Perris 92571 247,700$ 3.7% 142$ 2.5% 1,456$ 1,090$ (366)$ 5.6% Rancho Mirage 92270 394,100$ -4.9% 198$ -6.0% 2,013$ 1,776$ (237)$ 4.9% Riverside 92503 330,900$ 5.8% 203$ 1.1% 1,731$ 1,448$ (283)$ 5.0% Riverside 92504 297,400$ 8.8% 205$ 8.6% 1,559$ 1,319$ (240)$ 5.0% Riverside 92506 361,800$ 7.2% 219$ 8.1% 1,629$ 1,620$ (8)$ 4.3% Riverside 92507 280,700$ 5.1% 195$ 3.6% 1,375$ 1,233$ (142)$ 4.7% Riverside 92508 414,800$ 3.6% 176$ -3.7% 1,973$ 1,838$ (135)$ 4.6% San Jacinto 92583 201,200$ 9.1% 122$ 5.7% 1,302$ 905$ (397)$ 6.2% Sun City 92586 183,200$ 1.1% 139$ 5.2% 1,085$ 814$ (270)$ 5.7% Temecula 92592 403,600$ 5.5% 193$ 3.9% 1,993$ 1,789$ (204)$ 4.7% Wildomar 92595 309,300$ 11.2% 156$ 6.5% 1,740$ 1,384$ (356)$ 5.4% Market Performance and Trends: Riverside County, Major Cities, and Zips
- 38. OC Housing News info@ochousingnews.com 38 of 58 January 2016 Shevy Akason 877-409-8515 % Over/Under Historic % Over/Under City Rating Median Rental Parity Rental Parity Premium Historic Prem. Banning 9 202,600$ 397,300$ -24.1% -14.6% -9.5% Beaumont 6 272,000$ 378,800$ -28.7% -31.6% 2.9% Cathedral City 7 249,100$ 355,200$ -27.7% -18.0% -9.7% Corona 8 406,500$ 478,400$ -15.7% -19.4% 3.7% Desert Hot Springs 6 160,500$ 215,600$ -25.1% -26.9% 1.8% Hemet 7 194,100$ 268,500$ -27.5% -20.2% -7.3% Indio 8 271,100$ 360,300$ -24.6% -31.2% 6.6% La Quinta 6 376,100$ 330,300$ 10.5% -3.5% 14.1% Lake Elsinore 6 302,000$ 387,000$ -23.7% -27.4% 3.7% Menifee 8 306,500$ 358,200$ -15.1% -7.0% -8.1% Moreno Valley 7 262,000$ 347,200$ -25.2% -18.4% -6.8% Murrieta 8 356,100$ 410,200$ -14.0% -3.9% -10.1% Norco 5 462,600$ 489,700$ -5.1% -7.6% 2.5% Palm Desert 10 308,500$ 347,400$ -11.0% 14.9% -25.9% Palm Springs 7 323,100$ 306,700$ 2.6% -11.1% 13.7% Perris 5 246,300$ 322,000$ -25.2% -26.8% 1.6% Rancho Mirage 6 394,100$ 449,000$ -11.8% 21.3% -33.1% Riverside 8 330,400$ 390,000$ -16.5% -20.4% 3.9% San Jacinto 8 216,300$ 319,900$ -31.8% -23.5% -8.2% Sun City 7 197,600$ 240,100$ -17.2% -4.0% -13.2% Temecula 8 403,700$ 446,800$ -12.3% -9.2% -3.1% Wildomar 8 308,200$ 398,100$ -23.0% -5.5% -17.5% Banning 92220 9 202,600$ 262,000$ -24.1% -13.9% -10.2% Beaumont 92223 6 271,900$ 378,800$ -28.7% -33.6% 4.9% Canyon Lake 92587 9 350,800$ 425,900$ -18.7% 5.9% -24.5% Cathedral City 92234 7 245,900$ 357,000$ -29.1% -20.1% -9.1% Corona 92880 7 415,600$ 509,400$ -18.5% -19.9% 1.4% Corona 92881 8 442,400$ 497,000$ -10.3% -10.2% -0.1% Corona 92882 7 402,200$ 496,900$ -17.3% -10.2% -7.1% Corona 92883 8 409,500$ 496,400$ -17.8% -22.0% 4.2% Desert Hot Springs 92240 7 159,900$ 224,000$ -30.5% -19.1% -11.3% Hemet 92544 10 201,000$ 270,800$ -24.5% -1.9% -22.7% Hemet 92545 6 219,700$ 293,300$ -25.6% -20.5% -5.1% Indio 92201 4 229,800$ 319,600$ -27.2% -30.5% 3.3% Indio 92203 10 289,300$ 392,500$ -27.1% -4.1% -23.0% La Quinta 92253 5 376,900$ 330,300$ 10.7% -8.2% 18.9% Market Timing Rating and Valuations: Riverside County, Major Cities, and Zips
- 39. OC Housing News info@ochousingnews.com 39 of 58 January 2016 Shevy Akason 877-409-8515 % Over/Under Historic % Over/Under City Rating Median Rental Parity Rental Parity Premium Historic Prem. Lake Elsinore 92530 6 279,600$ 310,600$ -15.9% -18.2% 2.3% Menifee 92584 8 317,600$ 391,900$ -18.9% -10.1% -8.8% Moreno Valley 92551 6 250,800$ 309,500$ -20.6% -14.6% -6.0% Moreno Valley 92553 7 239,500$ 315,800$ -25.9% -22.3% -3.6% Moreno Valley 92555 9 301,800$ 379,200$ -20.6% -5.7% -14.9% Moreno Valley 92557 6 276,200$ 341,800$ -19.8% -11.0% -8.8% Murrieta 92562 9 358,700$ 422,000$ -15.1% 0.3% -15.3% Murrieta 92563 7 353,200$ 399,200$ -13.3% -6.3% -7.1% Norco 92860 5 462,600$ 489,700$ -5.1% -7.6% 2.5% Palm Desert 92211 10 307,400$ 370,200$ -16.4% 22.5% -38.9% Palm Desert 92260 8 307,700$ 328,900$ -4.4% 9.8% -14.3% Palm Springs 92262 4 330,500$ 360,800$ -8.7% -17.9% 9.2% Palm Springs 92264 4 315,900$ 319,800$ -4.2% -1.7% -2.4% Perris 92571 8 247,700$ 324,800$ -25.5% -29.5% 4.0% Rancho Mirage 92270 4 394,100$ 449,000$ -11.8% 8.0% -19.8% Riverside 92503 6 330,900$ 386,000$ -17.3% -23.0% 5.7% Riverside 92504 5 297,400$ 347,700$ -14.5% -24.5% 10.0% Riverside 92506 6 361,800$ 363,300$ -2.1% 0.0% -2.2% Riverside 92507 8 280,700$ 306,700$ -11.2% -18.5% 7.3% Riverside 92508 3 414,800$ 440,100$ -6.3% -16.9% 10.5% San Jacinto 92583 8 201,200$ 290,500$ -31.1% -17.7% -13.5% Sun City 92586 8 183,200$ 242,000$ -23.3% -4.1% -19.1% Temecula 92592 8 403,600$ 444,700$ -10.5% -10.4% -0.1% Wildomar 92595 9 309,300$ 388,200$ -21.6% -5.5% -16.1% Market Timing Rating and Valuations: Riverside County, Major Cities, and Zips
- 40. OC Housing News info@ochousingnews.com 40 of 58 January 2016 Shevy Akason 877-409-8515 Historically, properties in this market sell at a 25.7% discount. Today's discount is 32.2%. This market is 6.6% undervalued. Median home price is $280,200 with a rental parity value of $406,600. This market's discount is $126,400. Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability. Resale prices on a $/SF basis increased from $184/SF to $184/SF. Resale prices have been rising for 1 month(s). Over the last 12 months, resale prices rose 7.0% indicating a longer term upward price trend. Median rental rates declined $23 last month from $1,845 to $1,822. The current capitalization rate (rent/price) is 6.2%. Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months. Market rating = 8 Median Home Price and Rental Parity trailing twelve months Date Rating Median Rental Parity Historic Value 1/2015 9 258,700$ 400,900$ 297,987$ 2/2015 9 258,200$ 402,800$ 299,399$ 3/2015 9 261,100$ 400,100$ 297,392$ 4/2015 9 263,500$ 407,700$ 303,041$ 5/2015 9 267,300$ 407,200$ 302,670$ 6/2015 9 268,800$ 406,900$ 302,447$ 7/2015 8 274,600$ 407,100$ 302,595$ 8/2015 7 278,000$ 417,600$ 310,400$ 9/2015 8 278,800$ 418,700$ 311,218$ 10/2015 7 281,000$ 422,300$ 313,893$ 11/2015 8 280,100$ 412,800$ 306,832$ 12/2015 8 280,200$ 406,600$ 302,224$ Resale $/SF and year-over-year percentage change trailing twelve months Date ± Typ. Value $/SF % Change 1/2015 -8.7% 171$ 5.8% 2/2015 -9.5% 171$ 4.5% 3/2015 -9.7% 172$ 4.6% 4/2015 -9.7% 173$ 4.4% 5/2015 -9.2% 174$ 3.9% 6/2015 -8.9% 176$ 3.8% 7/2015 -7.9% 179$ 6.3% 8/2015 -7.6% 181$ 7.0% 9/2015 -7.5% 183$ 6.9% 10/2015 -7.8% 184$ 7.1% 11/2015 -7.3% 184$ 6.6% 12/2015 -6.6% 184$ 7.0% -0.2567051 Rental rate and year-over-year percentage change trailing twelve months Date % Change Rent Own Historic Cost to Own Relative to Rent 1/2015 4.5% 1,743$ 1,148$ 1,296$ 2/2015 4.7% 1,752$ 1,134$ 1,302$ 3/2015 4.7% 1,752$ 1,130$ 1,303$ 4/2015 4.8% 1,764$ 1,135$ 1,311$ 5/2015 5.1% 1,799$ 1,155$ 1,337$ 6/2015 5.0% 1,828$ 1,176$ 1,359$ 7/2015 5.0% 1,845$ 1,211$ 1,371$ 8/2015 4.8% 1,861$ 1,230$ 1,383$ 9/2015 4.8% 1,861$ 1,241$ 1,383$ 10/2015 4.5% 1,857$ 1,238$ 1,380$ 11/2015 4.1% 1,846$ 1,242$ 1,372$ 12/2015 4.0% 1,823$ 1,248$ 1,355$ San Bernardino County Housing Market News $- $100,000 $200,000 $300,000 $400,000 $500,000 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 Median Rental Parity Historic Value $171 $171 $172 $173 $174 $176 $179 $181 $183 $184 $184 $184 $160 $165 $170 $175 $180 $185 $190 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 $1,743 $1,752 $1,752 $1,764 $1,799 $1,828 $1,845 $1,861 $1,861 $1,857 $1,846 $1,823 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 1/2015 2/2015 3/2015 4/2015 5/2015 6/2015 7/2015 8/2015 9/2015 10/2015 11/2015 12/2015 Rent Own Historic Cost to Own Relagve to Rent
- 41. OC Housing News info@ochousingnews.com 41 of 58 January 2016 Shevy Akason 877-409-8515 San Bernardino County median home price since January 1988 San Bernardino County median rent and monthly cost of ownership since January 1988 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 1/1988 1/1989 1/1990 1/1991 1/1992 1/1993 1/1994 1/1995 1/1996 1/1997 1/1998 1/1999 1/2000 1/2001 1/2002 1/2003 1/2004 1/2005 1/2006 1/2007 1/2008 1/2009 1/2010 1/2011 1/2012 1/2013 1/2014 1/2015 1/2016 1/2017 Median Resale Rental Parity Historic Value Projecgon $0 $500 $1,000 $1,500 $2,000 $2,500 Date 12/1988 12/1989 12/1990 12/1991 12/1992 12/1993 12/1994 12/1995 12/1996 12/1997 12/1998 12/1999 12/2000 12/2001 12/2002 12/2003 12/2004 12/2005 12/2006 12/2007 12/2008 12/2009 12/2010 12/2011 12/2012 12/2013 12/2014 12/2015 12/2016 Median Rent Cost to Own Historic Cost to Own Relagve to Rent