Southern

California Housing Report

Table of Contents
2 .. Meet the Everyday Luxury Real Estate Group at Evergreen Realty
3 .. Los Angeles County Housing Market Overview
4 .. Los Angeles County Median Home Price and Rents
5 .. Los Angeles County Resale and rental $/SF Year-over-Year Percentage Change
6 .. Los Angeles County Historic Valuation and Market Timing Rating
7 .. Los Angeles County Investor Returns
8 .. East Los Angeles Market Performance and Trends: Ventura County, Major Cities, and Zips
11 .. East Los Angeles Market Timing Rating and Valuations: Ventura County, Major Cities, and Zips
14 .. West Los Angeles Market Performance and Trends: Ventura County, Major Cities, and Zips
18 .. West Los Angeles Market Timing Rating and Valuations: Ventura County, Major Cities, and Zips
22 .. Orange County Housing Market Overview
23 .. Orange County Median Home Price and Rents
24 .. Orange County Resale and rental $/SF Year-over-Year Percentage Change
25 .. Orange County Historic Valuation and Market Timing Rating
26 .. Orange County Investor Returns
27 .. Orange County Market Performance and Trends: Ventura County, Major Cities, and Zips
29 .. Orange County Market Timing Rating and Valuations: Ventura County, Major Cities, and Zips
31 .. Riverside County Housing Market Overview
32 .. Riverside County Median Home Price and Rents
33 .. Riverside County Resale and rental $/SF Year-over-Year Percentage Change
34 .. Riverside County Historic Valuation and Market Timing Rating
35 .. Riverside County Investor Returns
36 .. Riverside County Market Performance and Trends: Ventura County, Major Cities, and Zips
38 .. Riverside County Market Timing Rating and Valuations: Ventura County, Major Cities, and Zips
40 .. San Bernardino County Housing Market Overview

41 .. San Bernardino County Median Home Price and Rents
42 .. San Bernardino County Resale and rental $/SF Year-over-Year Percentage Change
43 .. San Bernardino County Historic Valuation and Market Timing Rating
44 .. San Bernardino County Investor Returns
45 .. San Bernardino County Market Performance and Trends: Ventura County, Major Cities, and Zips
47 .. San Bernardino County Market Timing Rating and Values: Ventura County, Major Cities, and Zips
49 .. Ventura County Housing Market Overview
50 .. Ventura County Median Home Price and Rents
51 .. Ventura County Resale and rental $/SF Year-over-Year Percentage Change
52 .. Ventura County Historic Valuation and Market Timing Rating
53 .. Ventura County Investor Returns
54 .. Ventura County Market Performance and Trends: Ventura County, Major Cities, and Zips
55 .. Ventura County Market Timing Rating and Valuations: Ventura County, Major Cities, and Zips
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Los Angeles County Housing Market News

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

Rating
7
7
8
8
7
7
8
8
8
7
7
7

Median Rental Parity Historic Value

$800,000
$ 469,300 $ 569,000 $
514,855
$ 467,600 $ 570,000 $ 515,759
$600,000
$ 470,100 $ 567,700 $
513,678
$ 475,100 $ 578,200 $ 523,179
$400,000
$ 484,300 $ 571,900 $
517,479
$ 492,600 $ 566,200 $ 512,321
$200,000
$ 501,000 $ 567,000 $
513,045
$ 505,100 $ 581,300 $ 525,984
$ 508,100 $ 588,300 $ 532,318
$-
$ 508,000 $ 599,000 $ 542,000
$ 508,800 $ 588,900 $ 532,861
$ 507,300 $ 589,300 $ 533,223

Median

Rental Parity

Historic Value

1/
20
1
2/ 5
20
1
3/ 5
20
1
4/ 5
20
1
5/ 5
20
1
6/ 5
20
1
7/ 5
20
1
8/ 5
20
1
9/ 5
20
10 15
/2
0
11 15
/2
0
12 15
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

Resale $/SF and year-over-year percentage change trailing twelve months

Typ. Value
-6.2%
-7.5%
-8.0%
-8.1%
-7.3%
-5.9%
-3.8%
-3.1%
-3.3%
-4.5%
-4.6%
-4.7%

$/SF
$ 388
$ 382
$ 383
$ 387
$ 391
$ 395
$ 398
$ 400
$ 403
$ 406
$ 407
$ 409

% Change
8.7%
7.1%
7.1%
7.6%
7.6%
7.6%
6.6%
4.8%
4.4%
4.8%
4.9%
5.4%

$415
$409
$406 $407
$410
$403
$400
$405
$398
$400
$395
$391
$395 $388
$387
$390
$383
$382
$385
$380
$375
$370
1/
20
15
2/
20
15
3/
20
15
4/
20
15
5/
20
15
6/
20
15
7/
20
15
8/
20
15
9/
20
1
10 5
/2
01
11 5
/2
01
12 5
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

-0.0951588

OC Housing News
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$2

,64

$2

,63

,63

$2

,61

$2

,59

,56

$2

$2

$2

,54

$2

,52

,50

$2

,48

$2

$2

,47

Own
Historic Cost to Own Relative to Rent
$2,800
$ 2,087 $ 2,239
$ 2,054 $
2,242
$2,600
$ 2,044 $ 2,250
$2,400
$ 2,049 $
2,264
$ 2,085 $ 2,286
$2,200
$ 2,136 $ 2,302
$ 2,208 $
2,325
$2,000
$ 2,245 $ 2,344
Rent
Own
$1,800
$ 2,260 $
2,366
$ 2,247 $ 2,383
$ 2,255 $ 2,383
$ 2,261 $ 2,390
,47

Rent
$ 2,474
$ 2,478
$ 2,487
$ 2,502
$ 2,527
$ 2,544
$ 2,569
$ 2,590
$ 2,615
$ 2,633
$ 2,633
$ 2,642

$2

% Change
5.3%
5.5%
6.0%
6.2%
6.7%
6.8%
6.9%
6.9%
6.9%
7.0%
7.2%
7.4%

Historic Cost to Own Relagve to Rent

1/
20
1
2/ 5
20
1
3/ 5
20
1
4/ 5
20
1
5/ 5
20
1
6/ 5
20
1
7/ 5
20
1
8/ 5
20
1
9/ 5
20
10 15
/2
0
11 15
/2
0
12 15
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

Rental rate and year-over-year percentage change trailing twelve months

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Los Angeles County median home price since January 1988

$700,000

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Median Resale

Median Rent

Rental Parity

Cost to Own

January 2016

4 of 58

Historic Value
Projecgon

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0

Los Angeles County median rent and monthly cost of ownership since January 1988

$3,500
Historic Cost to Own Relagve to Rent

$3,000

$2,500

$2,000

$1,500

$1,000

$500

$0

Shevy Akason
877-409-8515

Resale $/SF Year-over-Year Percentage Change: Los Angeles County since January 1989
Appreciagon rates in excess of 7% are
not sustainable. Long periods of
excessive appreciagon lead to a crash.

Normal and sustainable

Falling/Correcgng

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17

50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
-5%
-10%
-15%
-20%
-25%
-30%
-35%
-40%
-45%
-50%

Rental $/SF Year-over-Year Percentage Change: Los Angeles County since January 1989
18%
16%

Rental rates in excess of 7%

are not sustainable. Long
periods of excessive
appreciagon lead to a crash.

14%
12%
10%
8%

Normal and
sustainable

6%
4%
2%

Weak

0%
-2%

Falling/Correcgng

-4%
-6%

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-8%

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Historic Median Home Price Relative to Rental Parity: Los Angeles County since January 1988
91.0%
84.0%
77.0%
70.0%
63.0%
56.0%
49.0%
42.0%
35.0%
28.0%
21.0%
14.0%
7.0%
0.0%
-7.0%
-14.0%
-21.0%
-28.0%
-35.0%
-42.0%
-49.0%

Historic Norm

Stable period between

housing bubbles from
1993-1999 establishes
historic norm.

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20
1/ 16
20
17

Discount or Premium

Value Relagve to Rental Parity

OCHN Market Timing System Rating: Los Angeles County since January 1988
10
9
8

Values 7-10: Undervalued Market:

Strong Buy Recommendagon

7
6
5

Values 4-6: Neutral Market,

Weak Buy Recommendagon

4
3

Values 1-3: Inated or

Weak Market:
Consider Selling.
Do not Buy.

2
1

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17

Cash Investor Capitalization Rate: Los Angeles County since January 1988
Capitalizagon Rate

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Mortgage Interest Rate

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

Financed Investor Cash-on-Cash Return: Los Angeles County since January 1988

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%

-15.0%

-20.0%

-25.0%

-30.0%

January 2016

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Market Performance and Trends: East Los Angeles County, Major Cities, and Zips
City

Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

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%

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Market Performance and Trends: East Los Angeles County, Major Cities, and Zips
Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

Ownership
Prem./Disc.

Cap Rate

City
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%

OC Housing News
info@ochousingnews.com

9 of 58

January 2016

Shevy Akason
877-409-8515

Market Performance and Trends: East Los Angeles County, Major Cities, and Zips
Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

Ownership
Prem./Disc.

Cap Rate

City
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%

OC Housing News
info@ochousingnews.com

10 of 58

January 2016

Shevy Akason
877-409-8515

Market Timing Rating and Valuations: East Los Angeles County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

12.0%

26.6%

-14.5%

$ 625,300

50.7%

56.3%

-5.6%

$ 392,400

$ 383,000

-1.3%

12.9%

-14.1%

$ 372,700

$ 421,000

-11.7%

1.8%

-13.5%

Baldwin Park

$ 347,500

$ 389,600

-9.8%

4.2%

-14.0%

Bellflower

10

$ 420,500

$ 429,400

-3.5%

23.0%

-26.5%

Canyon Country

$ 419,800

$ 484,900

-12.4%

8.8%

-21.2%

Cerritos

$ 629,800

$ 572,000

9.8%

21.4%

-11.6%

Claremont

$ 579,100

$ 496,300

14.2%

19.1%

-4.9%

Covina

$ 430,100

$ 446,400

-4.3%

9.8%

-14.1%

Diamond Bar

10

$ 533,400

$ 536,000

-0.8%

25.6%

-26.4%

Downey

$ 472,500

$ 428,600

11.0%

7.2%

3.8%

Duarte

$ 413,900

$ 444,900

-10.4%

2.5%

-12.9%

El Monte

$ 412,400

$ 404,000

-1.2%

3.6%

-4.8%

$ 528,100

$ 507,500

5.4%

20.6%

-15.2%

$ 545,000

$ 506,900

7.3%

21.0%

-13.6%

$ 488,500

$ 544,700

-11.8%

-0.5%

-11.3%

$ 380,100

$ 431,300

-12.0%

4.2%

-16.3%

10

$ 561,900

$ 518,800

10.4%

33.8%

-23.4%

$ 491,300

$ 501,600

-3.1%

12.2%

-15.3%

$ 208,200

$ 328,800

-37.8%

-14.0%

-23.8%

$ 548,000

$ 514,300

10.1%

18.9%

-8.9%

10

$ 539,800

$ 503,600

7.1%

29.7%

-22.6%

$ 354,300

$ 375,300

-3.1%

23.1%

-26.2%

$ 391,500

$ 438,400

-12.1%

0.4%

-12.5%

$ 249,700

$ 342,400

-26.9%

-15.2%

-11.7%

$ 668,700

$ 532,900

22.1%

17.1%

5.1%

$ 327,200

$ 366,700

-13.9%

-4.6%

-9.3%

$ 565,100

$ 503,900

8.1%

13.5%

-5.4%

$ 500,200

$ 446,200

7.4%

24.5%

-17.2%

$ 660,200

$ 518,000

28.2%

32.5%

-4.3%

$ 2,223,800

$ 796,900

170.8%

100.0%

70.8%

Sierra Madre

$ 836,400

$ 527,300

59.0%

53.2%

5.8%

South Pasadena

$ 1,045,700

$ 581,600

77.3%

56.6%

20.7%

Stevenson Ranch

$ 623,000

$ 519,000

15.8%

14.6%

1.2%

Sunland

$ 441,900

$ 438,400

-0.4%

4.1%

-4.4%

Rating

Median

Alhambra

$ 533,600

$ 468,100

Arcadia

$ 941,700

Artesia

Azusa

City

Glendora
Hacienda Heights
La Mirada
La Puente
La Verne
Lakewood
Lancaster
Monrovia
Monterey Park
Newhall
Norwalk
Palmdale
Pasadena
Pomona
Rowland Heights
San Dimas
San Gabriel
San Marino

OC Housing News
info@ochousingnews.com

11 of 58

January 2016

Shevy Akason
877-409-8515

Market Timing Rating and Valuations: East Los Angeles County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

36.9%

40.6%

-3.7%

-2.4%

-6.7%

4.4%

-3.1%

5.5%

-8.6%

-1.3%

12.4%

-13.7%

-0.1%

10.1%

-10.2%

12.7%

20.2%

-7.6%

18.6%

31.1%

-12.5%

25.2%

20.3%

4.9%

47.1%

56.9%

-9.9%

-11.7%

1.8%

-13.5%

$ 389,000

-2.6%

9.7%

-12.3%

$ 461,100

$ 543,600

-17.9%

31.7%

-49.5%

$ 399,700

$ 473,200

-14.9%

10.5%

-25.3%

Covina 91723

$ 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

$ 413,900

$ 444,900

-10.7%

2.5%

-13.2%

El Monte 91732

$ 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

$ 552,500

$ 518,000

5.8%

20.9%

-15.1%

La Puente 91744

$ 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

$ 507,600

$ 493,300

1.8%

12.4%

-10.5%

Lakewood 90715

$ 412,300

$ 402,400

1.9%

10.3%

-8.3%

Monrovia 91016

$ 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

$ 478,200

$ 525,500

-8.0%

23.4%

-31.4%

Newhall 91321

$ 343,500

$ 375,300

-5.8%

23.7%

-29.5%

Norwalk 90650

$ 391,500

$ 438,400

-12.1%

0.4%

-12.4%

Pasadena 91101

$ 493,500

$ 560,900

-12.2%

-8.8%

-3.4%

Pasadena 91103

$ 604,300

$ 533,600

8.0%

-5.2%

13.2%

Pasadena 91104

$ 662,500

$ 496,500

33.5%

31.3%

2.2%

Pasadena 91105

$ 1,127,600

$ 758,900

51.8%

65.5%

-13.7%

$ 555,900

$ 537,900

0.2%

15.8%

-15.6%

$ 699,200

$ 571,500

23.4%

32.5%

-9.1%

10

$ 570,200

$ 646,400

-13.4%

19.5%

-32.9%

Rating

Median

Temple City

$ 653,700

$ 477,100

Tujunga

$ 468,600

$ 474,400

Van Nuys

$ 439,200

$ 438,700

West Covina

$ 460,600

$ 455,500

Whittier

$ 448,200

$ 448,000

Woodland Hills

$ 652,500

$ 569,700

Alhambra 91801

$ 531,300

$ 437,600

Alhambra 91803

$ 535,200

$ 420,400

Arcadia 91006

$ 928,000

$ 628,400

Azusa 91702

$ 372,700

$ 421,000

Canyon Country 91351

$ 395,400

Canyon Country 91387

10

Covina 91722

City

Pasadena 91106
Pasadena 91107
Playa del Rey 90293

OC Housing News
info@ochousingnews.com

12 of 58

January 2016

Shevy Akason
877-409-8515

Market Timing Rating and Valuations: East Los Angeles County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

-16.4%

-6.7%

-9.6%

-5.7%

-8.1%

2.4%

14.0%

29.3%

-15.3%

8.1%

14.0%

-5.9%

7.4%

24.5%

-17.2%

42.0%

43.4%

-1.4%

24.0%

37.3%

-13.4%

170.8%

99.5%

71.3%

64.6%

53.2%

11.3%

77.3%

56.6%

20.7%

$ 519,000

15.8%

23.4%

-7.5%

$ 441,900

$ 438,400

-0.4%

3.1%

-3.5%

$ 648,500

$ 477,100

36.3%

40.8%

-4.5%

Tujunga 91042

$ 468,600

$ 526,200

-11.7%

-0.5%

-11.2%

West Covina 91790

$ 452,500

$ 485,700

-7.3%

14.4%

-21.8%

West Covina 91791

$ 488,100

$ 470,300

0.5%

13.9%

-13.3%

West Covina 91792

$ 422,000

$ 433,400

-0.3%

12.6%

-12.9%

Whittier 90603

$ 504,700

$ 557,600

-9.6%

20.4%

-30.0%

Whittier 90605

$ 439,000

$ 437,100

2.3%

15.9%

-13.7%

Woodland Hills 91364

$ 751,500

$ 679,400

7.0%

15.7%

-8.7%

Rating

Median

Pomona 91767

$ 340,700

$ 403,200

Pomona 91768

$ 324,200

$ 342,400

Rosemead 91770

$ 506,200

$ 428,900

Rowland Heights 91748

$ 565,100

$ 503,900

San Dimas 91773

$ 500,200

$ 446,200

San Gabriel 91775

$ 757,400

$ 518,000

San Gabriel 91776

$ 548,900

$ 433,500

San Marino 91108

$ 2,223,800

$ 796,900

Sierra Madre 91024

$ 870,400

$ 527,300

South Pasadena 91030

$ 1,045,700

$ 581,600

Stevenson Ranch 91381

$ 623,000

Sunland 91040

Temple City 91780

City

OC Housing News
info@ochousingnews.com

13 of 58

January 2016

Shevy Akason
877-409-8515

Market Performance and Trends: West Los Angeles County, Major Cities, and Zips
City

Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

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%

OC Housing News
info@ochousingnews.com

14 of 58

January 2016

Shevy Akason
877-409-8515

Market Performance and Trends: West Los Angeles County, Major Cities, and Zips
Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

Ownership
Prem./Disc.

Cap Rate

City
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%

OC Housing News
info@ochousingnews.com

15 of 58

January 2016

Shevy Akason
877-409-8515

Market Performance and Trends: West Los Angeles County, Major Cities, and Zips
Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

Ownership
Prem./Disc.

Cap Rate

City
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%

OC Housing News
info@ochousingnews.com

16 of 58

January 2016

Shevy Akason
877-409-8515

Market Performance and Trends: West Los Angeles County, Major Cities, and Zips
Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

Ownership
Prem./Disc.

Cap Rate

City
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%

OC Housing News
info@ochousingnews.com

17 of 58

January 2016

Shevy Akason
877-409-8515

Market Timing Rating and Valuations: West Los Angeles County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

8.0%

24.3%

-16.3%

$ 550,300

25.5%

5.4%

20.1%

$ 2,211,100

$ 884,100

143.6%

136.7%

6.9%

$ 642,600

$ 600,500

7.4%

3.5%

3.9%

Calabasas

$ 1,035,900

$ 729,000

38.9%

70.9%

-32.0%

Canoga Park

$ 368,400

$ 399,800

-11.9%

13.8%

-25.7%

Carson

$ 413,100

$ 503,600

-18.1%

-3.3%

-14.7%

Chatsworth

$ 483,900

$ 548,900

-9.4%

8.7%

-18.1%

Culver City

$ 739,300

$ 708,700

5.5%

6.5%

-1.0%

Encino

$ 689,600

$ 612,900

13.1%

25.7%

-12.6%

Gardena

$ 418,300

$ 500,300

-17.0%

5.0%

-22.0%

Glendale

$ 631,300

$ 504,600

23.1%

21.5%

1.6%

Granada Hills

$ 534,300

$ 552,300

-1.7%

3.1%

-4.8%

Harbor City

$ 485,900

$ 529,800

-11.6%

13.8%

-25.4%

$ 485,000

$ 655,700

-22.2%

-18.5%

-3.7%

$ 1,394,100

$ 840,100

60.3%

62.6%

-2.4%

$ 368,200

$ 377,800

-0.8%

9.6%

-10.4%

$ 1,564,100

$ 798,100

94.6%

58.7%

35.9%

$ 728,300

$ 716,600

0.8%

14.5%

-13.7%

$ 523,400

$ 491,400

10.8%

39.0%

-28.3%

$ 462,000

$ 490,100

-6.8%

2.2%

-9.0%

$ 654,600

$ 721,100

-9.3%

-23.1%

13.8%

$ 2,022,100

$ 883,400

119.3%

92.4%

26.8%

$ 2,096,600

$ 860,100

135.1%

67.3%

67.8%

$ 896,900

$ 784,700

10.0%

11.1%

-1.1%

$ 547,800

$ 602,700

-9.6%

8.2%

-17.8%

$ 433,400

$ 545,600

-20.3%

-3.1%

-17.2%

$ 472,600

$ 484,400

-5.1%

-2.9%

-2.2%

$ 600,500

$ 687,400

-10.5%

-8.4%

-2.1%

$ 2,251,700

$ 1,035,500

122.8%

103.8%

19.0%

10

$ 570,200

$ 646,400

-13.4%

20.8%

-34.1%

10

$ 1,093,200

$ 853,300

26.8%

71.1%

-44.3%

Redondo Beach

$ 852,900

$ 695,300

20.1%

21.0%

-0.9%

Reseda

$ 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

$ 1,196,800

$ 801,300

51.3%

16.2%

35.0%

Sherman Oaks

$ 735,500

$ 627,700

13.5%

21.0%

-7.5%

Rating

Median

Agoura Hills

$ 687,600

$ 621,900

Altadena

$ 672,700

Beverly Hills

Burbank

City

Hawthorne
Hermosa Beach
Inglewood
La Canada Flintridge
La Crescenta
Lomita
Long Beach
Los Angeles (City)
Malibu
Manhattan Beach
Marina del Rey
Montrose
North Hills
North Hollywood
Northridge
Pacific Palisades
Playa del Rey
Rancho Palos Verdes

OC Housing News
info@ochousingnews.com

18 of 58

January 2016

Shevy Akason
877-409-8515

Market Timing Rating and Valuations: West Los Angeles County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

17.3%

23.0%

-5.7%

-25.4%

-6.8%

-18.6%

-5.0%

21.2%

-26.2%

-3.0%

17.1%

-20.1%

-14.8%

6.8%

-21.6%

24.1%

40.8%

-16.6%

86.3%

-9.1%

95.4%

21.8%

36.2%

-14.4%

-6.6%

2.2%

-8.8%

-11.9%

-9.1%

-2.7%

$ 551,900

-17.4%

-2.3%

-15.2%

$ 687,600

$ 621,900

8.0%

24.3%

-16.3%

$ 672,700

$ 550,300

25.5%

5.4%

20.1%

Beverly Hills 90210

$ 2,717,800

$ 872,900

211.1%

195.7%

15.4%

Beverly Hills 90211

$ 1,541,600

$ 958,900

58.7%

64.5%

-5.8%

Burbank 91501

$ 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

$ 628,000

$ 547,800

12.4%

4.4%

8.0%

Calabasas 91302

$ 1,124,800

$ 748,600

43.5%

65.1%

-21.6%

Chatsworth 91311

$ 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

$ 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

$ 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

$ 829,000

$ 587,900

40.4%

49.8%

-9.3%

Granada Hills 91344

$ 537,200

$ 552,300

-1.0%

3.1%

-4.1%

Harbor City 90710

$ 482,100

$ 531,500

-12.5%

15.0%

-27.5%

La Canada Flintridge 91011

$ 1,564,100

$ 798,100

94.6%

62.6%

31.9%

La Crescenta 91214

$ 728,300

$ 716,600

0.8%

14.1%

-13.3%

Lomita 90717

$ 523,400

$ 491,400

10.8%

36.0%

-25.2%

Long Beach 90802

$ 293,000

$ 465,000

-36.4%

-40.4%

4.0%

Long Beach 90803

10

$ 660,700

$ 557,100

16.1%

56.1%

-40.0%

$ 359,700

$ 419,700

-17.8%

3.5%

-21.3%

10

$ 353,300

$ 431,200

-19.1%

19.7%

-38.8%

10

$ 353,300

$ 431,200

-19.1%

19.7%

-38.8%

10

$ 422,800

$ 368,700

13.9%

52.5%

-38.6%

Rating

Median

Studio City

$ 927,700

$ 821,500

Sylmar

10

$ 395,400

$ 535,500

Tarzana

10

$ 559,700

$ 591,000

Torrance

10

$ 591,500

$ 600,700

Valencia

10

$ 472,500

$ 548,500

Valley Village

$ 782,400

$ 622,300

Venice

$ 1,597,700

$ 883,100

Walnut

$ 709,900

$ 583,500

West Hills

$ 574,300

$ 610,200

West Hollywood

$ 695,600

$ 778,300

Winnetka

$ 460,300

Agoura Hills 91301

Altadena 91001

City

Long Beach 90804

Long Beach 90805
Long Beach 90805
Long Beach 90806
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Market Timing Rating and Valuations: West Los Angeles County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

48.2%

74.4%

-26.1%

8.8%

13.0%

-4.2%

11.7%

-2.0%

13.7%

24.6%

29.4%

-4.8%

5.0%

15.1%

-10.1%

6.1%

44.2%

-38.0%

-8.7%

48.5%

-57.1%

-9.8%

-5.2%

-4.5%

46.7%

3.8%

42.9%

-16.7%

17.4%

-34.1%

$ 694,700

16.9%

43.9%

-27.0%

$ 772,100

$ 830,200

-7.5%

14.7%

-22.2%

$ 826,900

$ 769,800

5.6%

-11.1%

16.7%

Los Angeles 90027

$ 1,205,000

$ 712,300

68.4%

53.4%

15.0%

Los Angeles 90034

$ 828,000

$ 850,100

-1.1%

3.2%

-4.4%

Los Angeles 90035

$ 973,900

$ 729,400

32.3%

15.8%

16.6%

Los Angeles 90036

$ 1,205,200

$ 835,000

39.4%

11.4%

28.0%

Los Angeles 90042

$ 511,700

$ 474,600

8.6%

-5.0%

13.6%

Los Angeles 90045

$ 913,200

$ 809,100

13.2%

20.4%

-7.2%

Los Angeles 90046

$ 1,232,200

$ 764,300

64.9%

14.2%

50.6%

Los Angeles 90048

$ 1,507,200

$ 835,200

81.6%

28.8%

52.8%

Los Angeles 90049

$ 1,624,800

$ 835,100

86.8%

110.5%

-23.6%

Los Angeles 90064

$ 1,066,400

$ 775,900

33.6%

37.1%

-3.5%

Los Angeles 90066

$ 1,126,600

$ 846,300

30.2%

14.8%

15.3%

Los Angeles 90068

$ 1,193,500

$ 879,800

36.1%

17.8%

18.3%

Manhattan Beach 90266

$ 2,096,600

$ 860,100

135.1%

66.1%

69.1%

Marina del Rey 90292

$ 896,900

$ 784,700

10.0%

11.0%

-1.0%

Montrose 91020

$ 551,400

$ 597,000

-8.3%

7.9%

-16.2%

North Hills 91343

$ 433,400

$ 545,600

-20.3%

-3.1%

-17.2%

Northridge 91325

$ 531,800

$ 525,800

-1.0%

21.6%

-22.6%

Pacific Palisades 90272

$ 2,251,700

$ 1,035,500

122.8%

103.5%

19.3%

Palos Verdes Estates 90274

$ 1,640,200

$ 846,100

105.6%

94.0%

11.6%

Redondo Beach 90277

$ 911,500

$ 702,100

27.0%

31.5%

-4.5%

$ 804,800

$ 732,900

9.7%

12.3%

-2.5%

$ 428,300

$ 526,300

-18.5%

-9.3%

-9.3%

$ 472,300

$ 372,200

23.4%

45.2%

-21.8%

10

$ 460,400

$ 432,500

4.2%

32.7%

-28.5%

Rating

Median

Long Beach 90807

$ 533,500

$ 347,200

Long Beach 90808

$ 571,900

$ 502,300

Long Beach 90813

$ 299,800

$ 263,600

Long Beach 90814

$ 617,400

$ 498,700

Long Beach 90815

$ 582,300

$ 549,200

Los Angeles 90004

10

$ 806,300

$ 769,200

Los Angeles 90005

10

$ 607,700

$ 656,500

Los Angeles 90012

$ 460,800

$ 511,700

Los Angeles 90019

$ 877,200

$ 577,100

Los Angeles 90020

$ 441,800

$ 518,900

Los Angeles 90024

10

$ 834,800

Los Angeles 90025

Los Angeles 90026

City

Redondo Beach 90278

Reseda 91335
San Pedro 90731
San Pedro 90732
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Market Timing Rating and Valuations: West Los Angeles County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

$ 2,832,500

$ 810,000

242.7%

179.8%

62.9%

$ 1,183,300

$ 828,800

34.2%

5.9%

28.3%

Santa Monica 90404

$ 755,800

$ 738,400

5.1%

5.4%

-0.3%

Santa Monica 90405

$ 1,359,800

$ 798,000

72.0%

14.0%

58.0%

Sherman Oaks 91403

$ 842,100

$ 607,100

40.9%

28.4%

12.5%

Sherman Oaks 91423

$ 857,300

$ 595,500

34.9%

25.8%

9.1%

Tarzana 91356

$ 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

$ 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

$ 810,800

$ 622,300

26.8%

4.6%

22.2%

Venice 90291

$ 1,662,600

$ 827,500

104.4%

-9.2%

113.6%

Walnut 91789

$ 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

$ 682,400

$ 778,100

-15.9%

-8.1%

-7.8%

Winnetka 91306

$ 460,300

$ 551,900

-17.4%

-2.3%

-15.2%

Rating

Median

Santa Monica 90402

Santa Monica 90403

City

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Orange County Housing Market News

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

Rating
8
8
8
8
8
8
8
8
8
8
8
8

Median Rental Parity Historic Value

$640,000
$ 560,800 $ 601,600 $
605,294
$ 558,800 $ 597,800 $
601,470
$620,000
$ 560,500 $ 593,400 $ 597,043
$600,000
$ 563,400 $ 600,700 $ 604,388
$580,000
$ 569,400 $ 599,500 $
603,181
$ 577,800 $ 595,100 $
598,754
$560,000
$ 586,900 $ 597,500 $ 601,169
$540,000
$ 592,800 $ 617,000 $
620,788
$ 594,400 $ 622,300 $
626,121
$520,000
$ 597,000 $ 627,200 $ 631,051
$ 596,600 $ 615,000 $ 618,776
$ 594,700 $ 611,600 $ 615,355

Median

Rental Parity

Historic Value

1/
20
1
2/ 5
20
1
3/ 5
20
1
4/ 5
20
1
5/ 5
20
1
6/ 5
20
1
7/ 5
20
1
8/ 5
20
1
9/ 5
20
10 15
/2
0
11 15
/2
0
12 15
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

Resale $/SF and year-over-year percentage change trailing twelve months

Typ. Value
-5.7%
-6.8%
-6.9%
-6.7%
-6.2%
-5.3%
-3.9%
-3.5%
-4.0%
-5.0%
-4.7%
-4.1%

$/SF
$ 374
$ 375
$ 375
$ 377
$ 378
$ 380
$ 384
$ 386
$ 388
$ 391
$ 392
$ 394

% Change
5.9%
4.8%
4.7%
4.5%
3.8%
3.5%
3.3%
3.7%
3.6%
4.5%
4.7%
5.1%

$400
$394
$391 $392
$395
$388
$386
$390
$384
$385
$378 $380
$380 $374 $375 $375 $377
$375
$370
$365
$360
1/
20
15
2/
20
15
3/
20
15
4/
20
15
5/
20
15
6/
20
15
7/
20
15
8/
20
15
9/
20
1
10 5
/2
01
11 5
/2
01
12 5
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

0.00613984

Rental rate and year-over-year percentage change trailing twelve months

OC Housing News
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9
,59
9
$2
,64
8
$2
,67
4
$2
,70
8
$2
,74
9
$2
,76
6
$2
,75
8
$2
,75
0
$2
,74
2
$2

,59

$2

$2

,59

Own
Historic Cost to Own Relative to Rent
$2,900
$ 2,494 $ 2,632
$2,800
$ 2,454 $ 2,615
$2,700
$ 2,441 $
2,615
$ 2,441 $
2,615
$2,600
$ 2,469 $
2,665
$2,500
$ 2,516 $ 2,691
$2,400
$ 2,590 $ 2,724
$2,300
$ 2,632 $
2,766
Rent
Own
$2,200
$ 2,647 $
2,783
$ 2,636 $ 2,774
$ 2,645 $ 2,767
$ 2,652 $ 2,759
,61

Rent
$ 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

% Change
4.9%
5.0%
5.1%
5.1%
5.4%
5.5%
5.6%
5.9%
6.1%
6.0%
6.0%
6.0%

Historic Cost to Own Relagve to Rent

1/
20
1
2/ 5
20
1
3/ 5
20
1
4/ 5
20
1
5/ 5
20
1
6/ 5
20
1
7/ 5
20
1
8/ 5
20
1
9/ 5
20
10 15
/2
0
11 15
/2
0
12 15
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

22 of 58

January 2016

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1/
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15

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1/ 16
20
17

Orange County median home price since January 1988

$800,000

OC Housing News
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Median Resale

Median Rent

Projecgon

Cost to Own

January 2016

23 of 58

Rental Parity
Historic Value

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0

Orange County median rent and monthly cost of ownership since January 1988

$4,500
Historic Cost to Own Relagve to Rent

$4,000

$3,500

$3,000

$2,500

$2,000

$1,500

$1,000

$500

$0

Shevy Akason
877-409-8515

Resale $/SF Year-over-Year Percentage Change: Orange County since January 1989
40%
35%
30%

Appreciagon rates in excess of 7% are

not sustainable. Long periods of
excessive appreciagon lead to a crash.

25%
20%
15%
10%
5%

Normal and sustainable

0%
-5%

Falling/Correcgng

-10%
-15%

1/
19
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20
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20
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20
1/ 03
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20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
15

-20%

Rental $/SF Year-over-Year Percentage Change: Orange County since January 1989
14%
12%

Rental rates in excess of 7%

are not sustainable. Long
periods of excessive
appreciagon lead to a crash.

10%
8%
6%

Normal and sustainable

4%
2%
Weak

0%
-2%

Falling/Correcgng

-4%
-6%

1/
19
1/ 89
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1/ 90
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1/ 91
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20
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20
1/ 01
20
1/ 02
20
1/ 03
20
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20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
15

-8%

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Historic Median Home Price Relative to Rental Parity: Orange County since January 1988
Historic Norm

Stable period between

housing bubbles from
1993-1999 establishes
historic norm.

1/
19
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1/ 97
19
1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
15

Discount or Premium

Value Relagve to Rental Parity

91.0%
84.0%
77.0%
70.0%
63.0%
56.0%
49.0%
42.0%
35.0%
28.0%
21.0%
14.0%
7.0%
0.0%
-7.0%
-14.0%
-21.0%
-28.0%
-35.0%

OCHN Market Timing System Rating: Orange County since January 1988
10
9

Values 7-10: Undervalued Market:

Strong Buy Recommendagon

8
7
6

Values 4-6: Neutral Market,

Weak Buy Recommendagon

5
4
3

Values 1-3: Inated or

Weak Market:
Consider Selling.
Do not Buy.

2
1

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19
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20
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20
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20
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20
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20
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20
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20
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20
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20
1/ 08
20
1/ 09
20
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20
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20
1/ 12
20
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20
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20
15

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1/
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15

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20
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20
1/ 09
20
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20
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20
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20
1/ 13
20
1/ 14
20
15

Cash Investor Capitalization Rate: Orange County since January 1988

Capitalizagon Rate

OC Housing News
info@ochousingnews.com
Mortgage Interest Rate

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

Financed Investor Cash-on-Cash Return: Orange County since January 1988

15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%

-15.0%

-20.0%

-25.0%

January 2016

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Market Performance and Trends: Orange County and Major Cities and Zips
Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

Ownership
Prem./Disc.

Cap Rate

City
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%

OC Housing News
info@ochousingnews.com

27 of 58

January 2016

Shevy Akason
877-409-8515

Market Performance and Trends: Orange County and Major Cities and Zips
City

Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

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%

OC Housing News
info@ochousingnews.com

28 of 58

January 2016

Shevy Akason
877-409-8515

Market Timing Rating and Valuations: Orange County and Major Cities and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

-9.6%

-4.7%

-4.9%

$ 487,100

-3.5%

4.5%

-8.0%

$ 627,700

$ 576,300

7.5%

22.2%

-14.7%

$ 625,300

$ 571,300

9.5%

14.9%

-5.4%

Buena Park

$ 475,900

$ 513,700

-8.0%

-1.5%

-6.5%

Corona Del Mar

$ 1,528,300

$ 908,300

59.6%

82.6%

-23.0%

Costa Mesa

$ 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

$ 543,600

$ 565,100

-3.0%

17.6%

-20.6%

Dana Point

$ 801,100

$ 576,400

34.1%

26.8%

7.3%

Fountain Valley

$ 668,300

$ 623,400

9.0%

21.0%

-12.0%

Fullerton

$ 524,400

$ 562,100

-8.2%

-4.4%

-3.8%

Garden Grove

$ 490,200

$ 447,400

8.9%

5.3%

3.6%

Huntington Beach

$ 678,500

$ 606,400

10.7%

15.8%

-5.1%

$ 712,800

$ 670,500

6.7%

13.2%

-6.5%

$ 471,800

$ 401,700

15.5%

5.5%

10.0%

$ 615,200

$ 586,400

5.6%

21.4%

-15.8%

$ 630,500

$ 648,600

-4.7%

5.5%

-10.2%

$ 1,671,100

$ 796,700

107.3%

59.5%

47.8%

10

$ 600,500

$ 566,400

1.1%

27.8%

-26.7%

$ 719,300

$ 615,100

14.0%

18.7%

-4.7%

10

$ 228,900

$ 386,000

-40.9%

-10.4%

-30.5%

$ 575,100

$ 555,500

2.1%

8.8%

-6.7%

$ 620,000

$ 600,800

2.6%

11.6%

-9.1%

$ 1,513,600

$ 785,800

88.3%

75.3%

13.0%

$ 2,923,400

$ 994,000

181.3%

105.3%

76.0%

$ 867,800

$ 343,300

151.1%

46.4%

104.7%

$ 581,700

$ 577,300

-0.2%

-9.6%

9.4%

$ 579,800

$ 534,800

3.4%

-1.3%

4.7%

$ 563,700

$ 547,200

0.0%

2.2%

-2.1%

$ 837,300

$ 585,000

40.6%

28.9%

11.7%

$ 719,600

$ 614,700

14.8%

22.7%

-7.8%

Santa Ana

$ 416,600

$ 445,900

-8.2%

-1.4%

-6.8%

Tustin

$ 560,200

$ 547,800

2.2%

6.3%

-4.0%

Westminster

$ 556,500

$ 553,700

4.1%

5.8%

-1.7%

Yorba Linda

$ 726,200

$ 684,800

4.9%

23.6%

-18.7%

Rating

Median

Aliso Viejo

$ 506,200

$ 559,300

Anaheim

$ 470,600

Anaheim Hills

Brea

City

Irvine
La Habra
La Palma
Ladera Ranch
Laguna Beach
Laguna Hills
Laguna Niguel
Laguna Woods
Lake Forest
Mission Viejo
Newport Beach
Newport Coast
North Tustin
Orange
Placentia
Rancho Santa Margarita
San Clemente
San Juan Capistrano

OC Housing News
info@ochousingnews.com

29 of 58

January 2016

Shevy Akason
877-409-8515

Market Timing Rating and Valuations: Orange County and Major Cities and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

-5.6%

-16.5%

11.0%

$ 464,200

-2.4%

5.7%

-8.1%

$ 482,800

$ 453,200

2.8%

-10.0%

12.8%

$ 450,600

$ 455,700

-1.5%

-12.7%

11.2%

Anaheim 92806

$ 525,200

$ 525,900

-1.5%

0.4%

-1.9%

Anaheim 92807

$ 514,000

$ 377,600

34.6%

-10.9%

45.6%

Fullerton 92831

$ 558,000

$ 544,700

4.1%

-1.9%

6.0%

Fullerton 92832

$ 436,100

$ 510,200

-15.0%

-12.7%

-2.3%

Fullerton 92833

$ 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

$ 453,200

$ 413,100

8.0%

9.6%

-1.6%

Garden Grove 92841

$ 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

$ 640,000

$ 591,200

7.8%

13.1%

-5.3%

10

$ 812,400

$ 725,500

13.4%

56.1%

-42.7%

$ 709,000

$ 549,800

27.9%

21.8%

6.1%

$ 1,552,200

$ 805,600

90.6%

83.2%

7.4%

$ 1,348,500

$ 797,300

68.6%

36.5%

32.1%

$ 551,400

$ 501,700

9.3%

0.6%

8.7%

$ 579,800

$ 534,800

3.4%

-1.3%

4.7%

Rating

Median

Anaheim 92801

$ 426,200

$ 453,400

Anaheim 92802

$ 457,500

Anaheim 92804

Anaheim 92805

City

Huntington Beach 92648

Huntington Beach 92649
Newport Beach 92660
Newport Beach 92663
Orange 92867
Orange 92869

OC Housing News
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30 of 58

January 2016

Shevy Akason
877-409-8515

Riverside County Housing Market News

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

Rating
7
8
8
8
8
8
8
8
8
8
8
8

Median Rental Parity Historic Value

$500,000
$ 289,600 $ 389,100 $
316,987
$ 290,500 $ 389,100 $
316,987
$400,000
$ 292,300 $ 386,200 $ 314,625
$ 294,800 $ 392,900 $
320,083
$300,000
$ 298,100 $ 388,600 $ 316,580
$200,000
$ 301,000 $ 385,700 $
314,217
$ 305,100 $ 388,000 $
316,091
$100,000
$ 306,300 $ 398,400 $ 324,563
$ 306,500 $ 401,800 $ 327,333
$-
$ 306,100 $ 406,200 $ 330,918
$ 307,400 $ 399,300 $ 325,297
$ 306,900 $ 397,300 $ 323,667

Median

Rental Parity

Historic Value

1/
20
1
2/ 5
20
1
3/ 5
20
1
4/ 5
20
1
5/ 5
20
1
6/ 5
20
1
7/ 5
20
1
8/ 5
20
1
9/ 5
20
10 15
/2
0
11 15
/2
0
12 15
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

Resale $/SF and year-over-year percentage change trailing twelve months

Typ. Value
-5.6%
-6.5%
-6.5%
-6.3%
-5.7%
-4.9%
-3.7%
-3.6%
-4.2%
-5.3%
-5.3%
-4.9%

$/SF
$ 165
$ 164
$ 166
$ 168
$ 169
$ 170
$ 171
$ 172
$ 172
$ 172
$ 172
$ 173

% Change
7.4%
5.4%
4.7%
4.2%
3.9%
3.6%
3.6%
3.4%
3.9%
4.3%
4.7%
4.9%

$172 $172 $172 $173

$171 $172
$170
$169
$168
$170
$166
$165 $164
$165
$175

$160
$155
$150
1/
20
15
2/
20
15
3/
20
15
4/
20
15
5/
20
15
6/
20
15
7/
20
15
8/
20
15
9/
20
1
10 5
/2
01
11 5
/2
01
12 5
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

-0.1853326

Rental rate and year-over-year percentage change trailing twelve months

OC Housing News
info@ochousingnews.com

2
,70
0
$1
,71
7
$1
,73
3
$1
,75
8
$1
,77
5
$1
,78
6
$1
,78
6
$1
,78
6
$1
,78
1
$1

,69

$1

$1

,69

Own
Historic Cost to Own Relative to Rent
$2,000
$ 1,287 $ 1,378
$ 1,270 $
1,378
$1,800
$ 1,267 $ 1,378
$1,600
$ 1,273 $
1,385
$ 1,291 $ 1,399
$1,400
$ 1,315 $ 1,412
$ 1,351 $
1,432
$1,200
$ 1,366 $ 1,446
Rent
Own
$1,000
$ 1,370 $
1,455
$ 1,357 $ 1,455
$ 1,361 $ 1,455
$ 1,365 $ 1,451
,69

Rent
$ 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

% Change
2.2%
2.2%
2.4%
2.4%
2.7%
2.9%
3.4%
3.7%
4.0%
4.2%
4.6%
5.0%

Historic Cost to Own Relagve to Rent

1/
20
1
2/ 5
20
1
3/ 5
20
1
4/ 5
20
1
5/ 5
20
1
6/ 5
20
1
7/ 5
20
1
8/ 5
20
1
9/ 5
20
10 15
/2
0
11 15
/2
0
12 15
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

31 of 58

January 2016

Shevy Akason
877-409-8515

1/
19
1/ 89
19
1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
19
1/ 95
19
1/ 96
19
1/ 97
19
1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
1/ 15
20
1/ 16
20
17

1/
19
1/ 88
19
1/ 89
19
1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
19
1/ 95
19
1/ 96
19
1/ 97
19
1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
1/ 15
20
1/ 16
20
17

Riverside County median home price since January 1988

$450,000

OC Housing News
info@ochousingnews.com

Median Resale

Median Rent

Rental Parity

Cost to Own

January 2016

32 of 58

Historic Value
Projecgon

$400,000

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

Riverside County median rent and monthly cost of ownership since January 1988

$3,000
Historic Cost to Own Relagve to Rent

$2,500

$2,000

$1,500

$1,000

$500

$0

Shevy Akason
877-409-8515

Resale $/SF Year-over-Year Percentage Change: Riverside County since January 1989
Appreciagon rates in excess of 7% are
not sustainable. Long periods of
excessive appreciagon lead to a crash.

Normal and sustainable

Falling/Correcgng

1/
19
1/ 89
19
1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
19
1/ 95
19
1/ 96
19
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50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
-5%
-10%
-15%
-20%
-25%
-30%
-35%
-40%
-45%
-50%

Rental $/SF Year-over-Year Percentage Change: Riverside County since January 1989
18%
16%

Rental rates in excess of 7%

are not sustainable. Long
periods of excessive
appreciagon lead to a crash.

14%
12%
10%
8%
6%

Normal and sustainable

4%
2%

Weak

0%
-2%

Falling/Correcgng

-4%
-6%

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-8%

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33 of 58

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Historic Median Home Price Relative to Rental Parity: Riverside County since January 1988
Historic Norm

Stable period between

housing bubbles from
1993-1999 establishes
historic norm.

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20
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20
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17

Discount or Premium

Value Relagve to Rental Parity

112.0%
105.0%
98.0%
91.0%
84.0%
77.0%
70.0%
63.0%
56.0%
49.0%
42.0%
35.0%
28.0%
21.0%
14.0%
7.0%
0.0%
-7.0%
-14.0%
-21.0%
-28.0%
-35.0%
-42.0%
-49.0%
-56.0%
-63.0%

OCHN Market Timing System Rating: Riverside County since January 1988
10
9
8

Values 7-10: Undervalued Market:

Strong Buy Recommendagon

7
6
5

Values 4-6: Neutral Market,

Weak Buy Recommendagon

4
3

Values 1-3: Inated

or Weak Market:
Consider Selling.
Do not Buy.

2
1

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20
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20
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20
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20
1/ 16
20
17

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877-409-8515

1/
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20
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20
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17

Cash Investor Capitalization Rate: Riverside County since January 1988

Capitalizagon Rate

OC Housing News
info@ochousingnews.com
Mortgage Interest Rate

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

Financed Investor Cash-on-Cash Return: Riverside County since January 1988

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%

-15.0%

-20.0%

-25.0%

January 2016

35 of 58

Shevy Akason
877-409-8515

Market Performance and Trends: Riverside County, Major Cities, and Zips
City

Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

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%

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36 of 58

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877-409-8515

Market Performance and Trends: Riverside County, Major Cities, and Zips
Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

Ownership
Prem./Disc.

Cap Rate

City
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%

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37 of 58

January 2016

Shevy Akason
877-409-8515

Market Timing Rating and Valuations: Riverside County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

-24.1%

-14.6%

-9.5%

$ 378,800

-28.7%

-31.6%

2.9%

$ 249,100

$ 355,200

-27.7%

-18.0%

-9.7%

$ 406,500

$ 478,400

-15.7%

-19.4%

3.7%

Desert Hot Springs

$ 160,500

$ 215,600

-25.1%

-26.9%

1.8%

Hemet

$ 194,100

$ 268,500

-27.5%

-20.2%

-7.3%

Indio

$ 271,100

$ 360,300

-24.6%

-31.2%

6.6%

La Quinta

$ 376,100

$ 330,300

10.5%

-3.5%

14.1%

Lake Elsinore

$ 302,000

$ 387,000

-23.7%

-27.4%

3.7%

Menifee

$ 306,500

$ 358,200

-15.1%

-7.0%

-8.1%

Moreno Valley

$ 262,000

$ 347,200

-25.2%

-18.4%

-6.8%

Murrieta

$ 356,100

$ 410,200

-14.0%

-3.9%

-10.1%

Norco

$ 462,600

$ 489,700

-5.1%

-7.6%

2.5%

Palm Desert

10

$ 308,500

$ 347,400

-11.0%

14.9%

-25.9%

$ 323,100

$ 306,700

2.6%

-11.1%

13.7%

$ 246,300

$ 322,000

-25.2%

-26.8%

1.6%

$ 394,100

$ 449,000

-11.8%

21.3%

-33.1%

$ 330,400

$ 390,000

-16.5%

-20.4%

3.9%

$ 216,300

$ 319,900

-31.8%

-23.5%

-8.2%

$ 197,600

$ 240,100

-17.2%

-4.0%

-13.2%

$ 403,700

$ 446,800

-12.3%

-9.2%

-3.1%

$ 308,200

$ 398,100

-23.0%

-5.5%

-17.5%

$ 202,600

$ 262,000

-24.1%

-13.9%

-10.2%

$ 271,900

$ 378,800

-28.7%

-33.6%

4.9%

$ 350,800

$ 425,900

-18.7%

5.9%

-24.5%

$ 245,900

$ 357,000

-29.1%

-20.1%

-9.1%

$ 415,600

$ 509,400

-18.5%

-19.9%

1.4%

$ 442,400

$ 497,000

-10.3%

-10.2%

-0.1%

$ 402,200

$ 496,900

-17.3%

-10.2%

-7.1%

$ 409,500

$ 496,400

-17.8%

-22.0%

4.2%

$ 159,900

$ 224,000

-30.5%

-19.1%

-11.3%

10

$ 201,000

$ 270,800

-24.5%

-1.9%

-22.7%

Hemet 92545

$ 219,700

$ 293,300

-25.6%

-20.5%

-5.1%

Indio 92201

$ 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

$ 376,900

$ 330,300

10.7%

-8.2%

18.9%

Rating

Median

Banning

$ 202,600

$ 397,300

Beaumont

$ 272,000

Cathedral City

Corona

City

Palm Springs
Perris
Rancho Mirage
Riverside
San Jacinto
Sun City
Temecula
Wildomar
Banning 92220
Beaumont 92223
Canyon Lake 92587
Cathedral City 92234
Corona 92880
Corona 92881
Corona 92882
Corona 92883
Desert Hot Springs 92240
Hemet 92544

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38 of 58

January 2016

Shevy Akason
877-409-8515

Market Timing Rating and Valuations: Riverside County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

-15.9%

-18.2%

2.3%

$ 391,900

-18.9%

-10.1%

-8.8%

$ 250,800

$ 309,500

-20.6%

-14.6%

-6.0%

$ 239,500

$ 315,800

-25.9%

-22.3%

-3.6%

Moreno Valley 92555

$ 301,800

$ 379,200

-20.6%

-5.7%

-14.9%

Moreno Valley 92557

$ 276,200

$ 341,800

-19.8%

-11.0%

-8.8%

Murrieta 92562

$ 358,700

$ 422,000

-15.1%

0.3%

-15.3%

Murrieta 92563

$ 353,200

$ 399,200

-13.3%

-6.3%

-7.1%

Norco 92860

$ 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

$ 307,700

$ 328,900

-4.4%

9.8%

-14.3%

Palm Springs 92262

$ 330,500

$ 360,800

-8.7%

-17.9%

9.2%

Palm Springs 92264

$ 315,900

$ 319,800

-4.2%

-1.7%

-2.4%

Perris 92571

$ 247,700

$ 324,800

-25.5%

-29.5%

4.0%

Rancho Mirage 92270

$ 394,100

$ 449,000

-11.8%

8.0%

-19.8%

Riverside 92503

$ 330,900

$ 386,000

-17.3%

-23.0%

5.7%

Riverside 92504

$ 297,400

$ 347,700

-14.5%

-24.5%

10.0%

Riverside 92506

$ 361,800

$ 363,300

-2.1%

0.0%

-2.2%

Riverside 92507

$ 280,700

$ 306,700

-11.2%

-18.5%

7.3%

Riverside 92508

$ 414,800

$ 440,100

-6.3%

-16.9%

10.5%

San Jacinto 92583

$ 201,200

$ 290,500

-31.1%

-17.7%

-13.5%

Sun City 92586

$ 183,200

$ 242,000

-23.3%

-4.1%

-19.1%

Temecula 92592

$ 403,600

$ 444,700

-10.5%

-10.4%

-0.1%

$ 309,300

$ 388,200

-21.6%

-5.5%

-16.1%

Rating

Median

Lake Elsinore 92530

$ 279,600

$ 310,600

Menifee 92584

$ 317,600

Moreno Valley 92551

Moreno Valley 92553

City

Wildomar 92595

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39 of 58

January 2016

Shevy Akason
877-409-8515

San Bernardino County Housing Market News

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

Rating
9
9
9
9
9
9
8
7
8
7
8
8

Median Rental Parity Historic Value

$500,000
$ 258,700 $ 400,900 $
297,987
$ 258,200 $ 402,800 $
299,399
$400,000
$ 261,100 $ 400,100 $ 297,392
$ 263,500 $ 407,700 $
303,041
$300,000
$ 267,300 $ 407,200 $ 302,670
$200,000
$ 268,800 $ 406,900 $
302,447
$ 274,600 $ 407,100 $
302,595
$100,000
$ 278,000 $ 417,600 $ 310,400
$ 278,800 $ 418,700 $ 311,218
$-
$ 281,000 $ 422,300 $ 313,893
$ 280,100 $ 412,800 $ 306,832
$ 280,200 $ 406,600 $ 302,224

Median

Rental Parity

Historic Value

1/
20
1
2/ 5
20
1
3/ 5
20
1
4/ 5
20
1
5/ 5
20
1
6/ 5
20
1
7/ 5
20
1
8/ 5
20
1
9/ 5
20
10 15
/2
0
11 15
/2
0
12 15
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

Resale $/SF and year-over-year percentage change trailing twelve months

Typ. Value
-8.7%
-9.5%
-9.7%
-9.7%
-9.2%
-8.9%
-7.9%
-7.6%
-7.5%
-7.8%
-7.3%
-6.6%

$/SF
$ 171
$ 171
$ 172
$ 173
$ 174
$ 176
$ 179
$ 181
$ 183
$ 184
$ 184
$ 184

% Change
5.8%
4.5%
4.6%
4.4%
3.9%
3.8%
6.3%
7.0%
6.9%
7.1%
6.6%
7.0%

$190

$184
$183 $184 $184
$181
$179
$180
$176
$174
$175 $171 $171 $172 $173
$185

$170
$165
$160
1/
20
15
2/
20
15
3/
20
15
4/
20
15
5/
20
15
6/
20
15
7/
20
15
8/
20
15
9/
20
1
10 5
/2
01
11 5
/2
01
12 5
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

-0.2567051

OC Housing News
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3
,82

$1

,84
$1

,85

$1

,86

$1

,86

,84

,82

$1

$1

$1

,79

$1

,76

$1

,75

$1

$1

,75

Own
Historic Cost to Own Relative to Rent
$2,000
$ 1,148 $ 1,296
$1,800
$ 1,134 $
1,302
$ 1,130 $
1,303
$1,600
$ 1,135 $ 1,311
$1,400
$ 1,155 $
1,337
$ 1,176 $
1,359
$1,200
$ 1,211 $ 1,371
$1,000
$ 1,230 $ 1,383
Rent
Own
$800
$ 1,241 $
1,383
$ 1,238 $ 1,380
$ 1,242 $ 1,372
$ 1,248 $ 1,355
,74

Rent
$ 1,743
$ 1,752
$ 1,752
$ 1,764
$ 1,799
$ 1,828
$ 1,845
$ 1,861
$ 1,861
$ 1,857
$ 1,846
$ 1,823

$1

% Change
4.5%
4.7%
4.7%
4.8%
5.1%
5.0%
5.0%
4.8%
4.8%
4.5%
4.1%
4.0%

Historic Cost to Own Relagve to Rent

1/
20
15
2/
20
15
3/
20
15
4/
20
15
5/
20
15
6/
20
15
7/
20
15
8/
20
15
9/
20
1
10 5
/2
01
11 5
/2
01
12 5
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

Rental rate and year-over-year percentage change trailing twelve months

40 of 58

January 2016

Shevy Akason
877-409-8515

D
12 ate
/1
12 988
/1
12 989
/1
12 990
/1
12 991
/1
12 992
/1
12 993
/1
12 994
/1
12 995
/1
12 996
/1
12 997
/1
12 998
/1
12 999
/2
12 000
/2
12 001
/2
12 002
/2
12 003
/2
12 004
/2
12 005
/2
12 006
/2
12 007
/2
12 008
/2
12 009
/2
12 010
/2
12 011
/2
12 012
/2
12 013
/2
12 014
/2
12 015
/2
01
6

1/
19
1/ 88
19
1/ 89
19
1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
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1/ 95
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1/ 97
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1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
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1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
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1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
1/ 15
20
1/ 16
20
17

San Bernardino County median home price since January 1988

$450,000

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Median Resale

Median Rent

Rental Parity

Cost to Own

January 2016

41 of 58

Historic Value
Projecgon

$400,000

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000

$50,000

$0

San Bernardino County median rent and monthly cost of ownership since January 1988
$2,500
Historic Cost to Own Relagve to Rent

$2,000

$1,500

$1,000

$500

$0

Shevy Akason
877-409-8515

Resale $/SF Year-over-Year Percentage Change: San Bernardino County since January 1989

Appreciagon rates in excess of 7% are

not sustainable. Long periods of
excessive appreciagon lead to a crash.

Normal and sustainable

Falling/Correcgng

1/
19
1/ 89
19
1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
19
1/ 95
19
1/ 96
19
1/ 97
19
1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
15

50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
-5%
-10%
-15%
-20%
-25%
-30%
-35%
-40%
-45%
-50%

Rental $/SF Year-over-Year Percentage Change: San Bernardino County since January 1989
18%
16%

Rental rates in excess of 7%

are not sustainable. Long
periods of excessive
appreciagon lead to a crash.

14%
12%
10%
8%

Normal and sustainable

6%
4%
2%

Weak

0%
-2%

Falling/Correcgng

-4%
-6%

1/
19
1/ 89
19
1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
19
1/ 95
19
1/ 96
19
1/ 97
19
1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
15

-8%

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Historic Median Home Price Relative to Rental Parity: San Bernardino County since January 1988
84.0%
77.0%
70.0%
63.0%
56.0%
49.0%
42.0%
35.0%
28.0%
21.0%
14.0%
7.0%
0.0%
-7.0%
-14.0%
-21.0%
-28.0%
-35.0%
-42.0%
-49.0%
-56.0%
-63.0%
-70.0%

Historic Norm

Stable period between

housing bubbles from
1993-1999 establishes
historic norm.

1/
19
1/ 89
19
1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
19
1/ 95
19
1/ 96
19
1/ 97
19
1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
1/ 15
20
1/ 16
20
17

Discount or Premium

Value Relagve to Rental Parity

OCHN Market Timing System Rating: San Bernardino County since January 1988
10
9
8

Values 7-10: Undervalued Market:

Strong Buy Recommendagon

7
6

Values 4-6: Neutral Market,

Weak Buy Recommendagon

5
4
3

Values 1-3: Inated or

Weak Market:
Consider Selling.
Do not Buy.

2
1

1/
19
1/ 88
19
1/ 89
19
1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
19
1/ 95
19
1/ 96
19
1/ 97
19
1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
1/ 15
20
16

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1/
19
1/ 88
19
1/ 89
19
1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
19
1/ 95
19
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19
1/ 97
19
1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
1/ 15
20
1/ 16
20
17

1/
19
1/ 88
19
1/ 89
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1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
19
1/ 95
19
1/ 96
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1/ 97
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1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
1/ 15
20
1/ 16
20
17

Cash Investor Capitalization Rate: San Bernardino County since January 1988
Capitalizagon Rate

OC Housing News
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Mortgage Interest Rate

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

Financed Investor Cash-on-Cash Return: San Bernardino County since January 1988

50.0%

40.0%

30.0%

20.0%

10.0%

0.0%

-10.0%

-20.0%

-30.0%

January 2016

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Market Performance and Trends: San Bernardino County, Major Cities, and Zips
City

Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

Ownership
Prem./Disc.

Cap Rate

Adelanto

$ 155,800

6.7%

$ 98

11.7%

$ 1,056

$ 695

$ (361)

6.5%

Apple Valley

$ 193,200

1.7%

$ 110

3.5%

$ 968

$ 860

$ (107)

4.8%

Chino

$ 417,100

5.6%

$ 238

5.3%

$ 2,106

$ 1,832

$ (274)

4.8%

Chino Hills

$ 533,000

6.0%

$ 308

-0.2%

$ 2,289

$ 2,397

$ 108

4.1%

Colton

$ 222,600

8.6%

$ 173

3.2%

$ 1,242

$ 981

$ (261)

5.4%

Fontana

$ 331,600

6.9%

$ 195

0.6%

$ 2,041

$ 1,477

$ (564)

5.9%

Hesperia

$ 214,300

4.6%

$ 116

3.4%

$ 1,240

$ 953

$ (287)

5.6%

Highland

$ 274,900

12.7%

$ 167

-0.4%

$ 1,670

$ 1,196

$ (475)

5.8%

Joshua Tree

$ 121,300

6.9%

$ 95

-5.9%

$ 824

$ 531

$ (294)

6.5%

Loma Linda

$ 332,500

0.0%

$ 153

-0.1%

$ 1,620

$ 1,479

$ (141)

4.7%

Montclair

$ 345,800

8.1%

$ 244

0.1%

$ 1,656

$ 1,535

$ (121)

4.6%

Ontario

$ 341,500

10.0%

$ 245

0.6%

$ 1,803

$ 1,509

$ (293)

5.1%

Rancho Cucamonga

$ 420,700

5.0%

$ 248

0.8%

$ 2,108

$ 1,864

$ (245)

4.8%

Redlands

$ 330,800

8.3%

$ 210

4.9%

$ 1,711

$ 1,482

$ (229)

5.0%

Rialto

$ 280,800

8.2%

$ 180

5.7%

$ 1,536

$ 1,245

$ (291)

5.3%

San Bernardino (City)

$ 214,100

10.2%

$ 159

2.1%

$ 1,366

$ 943

$ (423)

6.1%

Twentynine Palms

$ 71,200

-7.4%

$ 68

-13.3%

$ 828

$ 319

$ (509)

11.2%

Upland

$ 466,600

4.6%

$ 262

10.2%

$ 2,040

$ 2,119

$ 78

4.2%

Victorville

$ 195,100

7.1%

$ 106

3.7%

$ 1,274

$ 873

$ (402)

6.3%

Yucaipa

$ 310,000

7.2%

$ 177

8.8%

$ 1,337

$ 1,371

$ 34

4.1%

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Market Performance and Trends: San Bernardino County, Major Cities, and Zips
Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

Ownership
Prem./Disc.

Cap Rate

City
Chino 91710

$ 420,400

6.0%

$ 246

6.7%

$ 2,047

$ 1,843

$ (205)

4.7%

Fontana 92336

$ 388,300

5.4%

$ 190

0.8%

$ 2,172

$ 1,723

$ (449)

5.4%

Fontana 92337

$ 316,800

2.9%

$ 195

-2.0%

$ 1,740

$ 1,416

$ (324)

5.3%

Grand Terrace 92313

$ 286,200

11.7%

$ 187

6.4%

$ 1,520

$ 1,284

$ (235)

5.1%

Hesperia 92344

$ 225,900

1.7%

$ 106

4.1%

$ 1,290

$ 1,014

$ (276)

5.5%

Mentone 92359

$ 321,200

6.6%

$ 156

1.0%

$ 1,195

$ 1,409

$ 214

3.6%

Ontario 91762

$ 340,600

10.3%

$ 244

-3.8%

$ 1,471

$ 1,501

$ 30

4.1%

Rancho Cucamonga 91701

$ 437,800

5.0%

$ 252

1.3%

$ 2,036

$ 1,957

$ (79)

4.5%

Rancho Cucamonga 91730

$ 353,800

7.2%

$ 247

2.5%

$ 1,890

$ 1,585

$ (306)

5.1%

Rancho Cucamonga 91737

$ 467,500

-0.6%

$ 252

3.1%

$ 2,116

$ 2,094

$ (21)

4.3%

Rancho Cucamonga 91739

$ 570,100

4.2%

$ 246

-2.6%

$ 2,626

$ 2,510

$ (116)

4.4%

Redlands 92373

$ 384,600

12.5%

$ 235

2.1%

$ 1,929

$ 1,743

$ (187)

4.8%

Rialto 92376

$ 263,300

7.7%

$ 177

3.7%

$ 1,478

$ 1,174

$ (304)

5.4%

Rialto 92377

$ 336,100

10.2%

$ 190

14.2%

$ 1,822

$ 1,479

$ (343)

5.2%

San Bernardino (City) 92405 $ 200,100

13.6%

$ 159

10.9%

$ 1,221

$ 890

$ (331)

5.9%

San Bernardino (City) 92410 $ 161,900

5.0%

$ 149

6.4%

$ 1,010

$ 707

$ (302)

6.0%

Upland 91784

$ 579,900

4.7%

$ 258

7.4%

$ 2,344

$ 2,602

$ 257

3.9%

Upland 91786

$ 390,500

5.6%

$ 267

10.4%

$ 1,824

$ 1,766

$ (58)

4.5%

Victorville 92392

$ 199,200

9.0%

$ 105

4.5%

$ 1,246

$ 893

$ (354)

6.0%

Victorville 92394

$ 187,300

2.0%

$ 101

1.6%

$ 1,268

$ 840

$ (428)

6.5%

Victorville 92395

$ 191,000

9.4%

$ 113

4.0%

$ 1,205

$ 846

$ (359)

6.1%

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Market Timing Rating and Valuations: San Bernardino County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

-33.6%

-3.8%

-29.8%

$ 215,900

-11.0%

9.7%

-20.7%

$ 417,100

$ 469,700

-13.3%

-9.0%

-4.3%

$ 533,000

$ 510,600

4.5%

6.6%

-2.1%

Colton

$ 222,600

$ 277,000

-21.2%

-10.7%

-10.5%

Fontana

$ 331,600

$ 455,300

-28.0%

-33.7%

5.7%

Hesperia

$ 214,300

$ 276,700

-24.0%

-21.2%

-2.8%

Highland

$ 274,900

$ 372,600

-28.6%

-11.9%

-16.7%

Joshua Tree

$ 121,300

$ 183,900

-35.4%

-20.0%

-15.4%

Loma Linda

$ 332,500

$ 361,400

-8.7%

34.8%

-43.5%

Montclair

$ 345,800

$ 369,500

-5.6%

-6.0%

0.4%

Ontario

$ 341,500

$ 402,100

-15.5%

-3.9%

-11.6%

Rancho Cucamonga

$ 420,700

$ 470,300

-12.1%

-7.6%

-4.4%

Redlands

$ 330,800

$ 381,700

-12.0%

-0.2%

-11.8%

$ 280,800

$ 342,700

-19.8%

-22.8%

3.0%

$ 214,100

$ 304,700

-28.8%

-28.5%

-0.3%

$ 71,200

$ 184,700

-60.6%

-28.7%

-31.9%

$ 466,600

$ 455,200

2.7%

6.9%

-4.1%

10

$ 195,100

$ 284,200

-30.8%

-6.4%

-24.4%

$ 310,000

$ 298,200

0.2%

-9.2%

9.4%

Rating

Median

Adelanto

10

$ 155,800

$ 235,600

Apple Valley

$ 193,200

Chino

Chino Hills

City

Rialto
San Bernardino (City)
Twentynine Palms
Upland
Victorville
Yucaipa

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877-409-8515

Market Timing Rating and Valuations: San Bernardino County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

-10.9%

-7.4%

-3.4%

$ 484,600

-20.6%

-33.2%

12.6%

$ 316,800

$ 388,200

-18.8%

-20.6%

1.8%

$ 286,200

$ 339,000

-17.0%

-7.2%

-9.8%

Hesperia 92344

$ 225,900

$ 287,700

-21.5%

-13.1%

-8.4%

Mentone 92359

$ 321,200

$ 266,600

15.6%

28.1%

-12.4%

Ontario 91762

$ 340,600

$ 328,200

2.0%

8.6%

-6.7%

Rancho Cucamonga 91701

$ 437,800

$ 454,200

-2.7%

3.1%

-5.8%

Rancho Cucamonga 91730

$ 353,800

$ 421,700

-17.3%

-14.6%

-2.7%

Rancho Cucamonga 91737

$ 467,500

$ 472,000

-0.7%

23.9%

-24.6%

Rancho Cucamonga 91739

$ 570,100

$ 585,800

-4.4%

-17.3%

12.9%

Redlands 92373

10

$ 384,600

$ 430,400

-5.2%

20.5%

-25.7%

Rialto 92376

$ 263,300

$ 329,800

-21.9%

-22.1%

0.3%

Rialto 92377

$ 336,100

$ 406,400

-19.0%

-8.2%

-10.8%

San Bernardino (City) 92405

$ 200,100

$ 272,300

-26.2%

-18.6%

-7.7%

San Bernardino (City) 92410

10

$ 161,900

$ 225,200

-28.5%

-1.5%

-27.0%

Upland 91784

$ 579,900

$ 523,000

8.7%

10.9%

-2.2%

Upland 91786

$ 390,500

$ 406,900

-3.4%

8.5%

-11.9%

Victorville 92392

10

$ 199,200

$ 278,000

-28.8%

3.8%

-32.6%

Victorville 92394

$ 187,300

$ 282,900

-32.9%

-14.4%

-18.5%

Victorville 92395

$ 191,000

$ 268,700

-30.0%

-9.8%

-20.2%

Rating

Median

Chino 91710

$ 420,400

$ 456,700

Fontana 92336

$ 388,300

Fontana 92337

Grand Terrace 92313

City

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48 of 58

January 2016

Shevy Akason
877-409-8515

Ventura County Housing Market News

Historically, properties in this market sell at a 15.8% premium. Today's discount is 12.2%. This market is 28.0% undervalued.
Median home price is $518,300 with a rental parity value of $583,000. This market's discount is $64,700.
Monthly payment affordability has been improving over the last 9 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $320/SF to $322/SF. Resale prices have been rising for 1 month(s).
Over the last 12 months, resale prices rose 8.9% indicating a longer term upward price trend.
Median rental rates declined $32 last month from $2,645 to $2,613. The current capitalization rate (rent/price) is 4.8%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 10

Median Home Price and Rental Parity trailing twelve months

Rating
10
10
10
10
10
10
10
10
10
10
10
10

Median Rental Parity Historic Value

$800,000
$ 501,900 $ 558,500 $
646,955
$ 506,100 $ 557,900 $ 646,260
$600,000
$ 507,900 $ 557,600 $
645,913
$ 513,800 $ 572,200 $ 662,825
$400,000
$ 515,900 $ 577,200 $
668,617
$ 522,600 $ 588,800 $ 682,054
$200,000
$ 523,400 $ 583,900 $
676,378
$ 523,400 $ 597,600 $ 692,248
$ 523,100 $ 591,500 $ 685,182
$-
$ 521,900 $ 601,800 $ 697,113
$ 519,400 $ 591,600 $ 685,297
$ 518,300 $ 583,000 $ 675,335

Median

Rental Parity

Historic Value

1/
20
1
2/ 5
20
1
3/ 5
20
1
4/ 5
20
1
5/ 5
20
1
6/ 5
20
1
7/ 5
20
1
8/ 5
20
1
9/ 5
20
10 15
/2
0
11 15
/2
0
12 15
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

Resale $/SF and year-over-year percentage change trailing twelve months

Typ. Value
-26.0%
-25.8%
-25.3%
-25.3%
-25.8%
-26.5%
-26.6%
-27.2%
-27.3%
-28.3%
-28.2%
-28.0%

$/SF
$ 296
$ 297
$ 302
$ 307
$ 312
$ 317
$ 319
$ 320
$ 321
$ 321
$ 320
$ 322

% Change
2.3%
2.3%
3.8%
4.9%
6.0%
6.9%
6.5%
6.7%
7.0%
7.1%
7.3%
8.9%

$320 $321 $321 $320 $322

$319
$317

$325
$320

$312

$315

$307

$310

$302

$305

$300 $296 $297

$295
$290
1/
20
15
2/
20
15
3/
20
15
4/
20
15
5/
20
15
6/
20
15
7/
20
15
8/
20
15
9/
20
1
10 5
/2
01
11 5
/2
01
12 5
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

1/0/00

OC Housing News
info@ochousingnews.com

,61
$2

,64
$2

,64

$2

,62

$2

,66

,64

$2

$2

0
,64
6
$2

,55

$2

,47

$2

,44

$2

$2

,42

Own
Historic Cost to Own Relative to Rent
$3,400
$ 2,215 $ 2,813
$ 2,199 $ 2,810
$2,900
$ 2,202 $ 2,829
$ 2,216 $ 2,868
$2,400
$ 2,242 $
2,954
$ 2,283 $ 3,065
$1,900
$ 2,333 $
3,065
$ 2,350 $ 3,084
Rent
Own
$1,400
$ 2,343 $
3,045
$ 2,317 $ 3,064
$ 2,314 $ 3,064
$ 2,313 $ 3,027
,42

Rent
$ 2,428
$ 2,426
$ 2,443
$ 2,476
$ 2,550
$ 2,646
$ 2,646
$ 2,663
$ 2,629
$ 2,646
$ 2,646
$ 2,613

$2

% Change
8.2%
6.9%
7.0%
6.8%
6.8%
7.1%
7.3%
6.8%
4.9%
4.7%
4.0%
3.8%

Historic Cost to Own Relagve to Rent

1/
20
15
2/
20
15
3/
20
15
4/
20
15
5/
20
15
6/
20
15
7/
20
15
8/
20
15
9/
20
1
10 5
/2
01
11 5
/2
01
12 5
/2
01
5

Date
1/2015
2/2015
3/2015
4/2015
5/2015
6/2015
7/2015
8/2015
9/2015
10/2015
11/2015
12/2015

Rental rate and year-over-year percentage change trailing twelve months

49 of 58

January 2016

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877-409-8515

1/
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19
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1/ 14
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17

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19
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20
1/ 00
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1/ 02
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20
1/ 04
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1/ 05
20
1/ 06
20
1/ 07
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1/ 08
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1/ 09
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1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
1/ 15
20
1/ 16
20
17

Ventura County median home price since January 1988

$800,000

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Median Resale

Median Rent

Rental Parity

Cost to Own

January 2016

50 of 58

Historic Value
Projecgon

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$0

Ventura County median rent and monthly cost of ownership since January 1988

$4,000
Historic Cost to Own Relagve to Rent

$3,500

$3,000

$2,500

$2,000

$1,500

$1,000

$500

$0

Shevy Akason
877-409-8515

Resale $/SF Year-over-Year Percentage Change: Ventura County since January 1989
Appreciagon rates in excess of 7% are
not sustainable. Long periods of
excessive appreciagon lead to a crash.

Normal and sustainable

Falling/Correcgng

1/
19
1/ 89
19
1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
19
1/ 95
19
1/ 96
19
1/ 97
19
1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
15

50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
-5%
-10%
-15%
-20%
-25%
-30%
-35%
-40%
-45%
-50%

Rental $/SF Year-over-Year Percentage Change: Ventura County since January 1989
18%
16%

Rental rates in excess of 7%

are not sustainable. Long
periods of excessive
appreciagon lead to a crash.

14%
12%
10%
8%
6%

Normal and
sustainable

4%
2%

Weak

0%
-2%

Falling/Correcgng

-4%
-6%

1/
19
1/ 89
19
1/ 90
19
1/ 91
19
1/ 92
19
1/ 93
19
1/ 94
19
1/ 95
19
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1/ 97
19
1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
15

-8%

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Historic Median Home Price Relative to Rental Parity: Ventura County since January 1988
126.0%
119.0%
112.0%
105.0%
98.0%
91.0%
84.0%
77.0%
70.0%
63.0%
56.0%
49.0%
42.0%
35.0%
28.0%
21.0%
14.0%
7.0%
0.0%
-7.0%
-14.0%
-21.0%
-28.0%
-35.0%
-42.0%

Historic Norm

Stable period between

housing bubbles from
1993-1999 establishes
historic norm.

1/
19
1/ 88
19
1/ 89
19
1/ 90
19
1/ 91
19
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19
1/ 94
19
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19
1/ 97
19
1/ 98
19
1/ 99
20
1/ 00
20
1/ 01
20
1/ 02
20
1/ 03
20
1/ 04
20
1/ 05
20
1/ 06
20
1/ 07
20
1/ 08
20
1/ 09
20
1/ 10
20
1/ 11
20
1/ 12
20
1/ 13
20
1/ 14
20
1/ 15
20
1/ 16
20
17

Discount or Premium

Value Relagve to Rental Parity

OCHN Market Timing System Rating: Ventura County since January 1988
10
9

Values 7-10: Undervalued Market:

Strong Buy Recommendagon

8
7
6

Values 4-6: Neutral Market,

Weak Buy Recommendagon

5
4
3

Values 1-3: Inated or

Weak Market:
Consider Selling.
Do not Buy.

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January 2016

1/2017

1/2016

1/2015

1/2014

1/2013

1/2012

1/2011

1/2010

1/2009

1/2008

1/2006

1/2007

1/2005

1/2004

1/2003

1/2002

1/2001

1/2000

1/1999

1/1998

1/1997

1/1996

1/1995

1/1994

1/1993

1/1992

1/1991

1/1990

1/1989

1/1988

Shevy Akason
877-409-8515

1/
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1/
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20
1/ 16
20
17

Cash Investor Capitalization Rate: Ventura County since January 1988

Capitalizagon Rate

OC Housing News
info@ochousingnews.com
Mortgage Interest Rate

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

Financed Investor Cash-on-Cash Return: Ventura County since January 1988

15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%

-15.0%

-20.0%

-25.0%

-30.0%

-35.0%

January 2016

53 of 58

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Market Performance and Trends: Ventura County, Major Cities, and Zips
City

Median
Resale $

Resale %
Rent %
Change YoY Resale $/SF Change YoY

Median
Rent $

Cost of
Ownership

Ownership
Prem./Disc.

Cap Rate

Camarillo

$ 530,000

8.5%

$ 311

2.6%

$ 2,517

$ 2,363

$ (154)

4.6%

Moorpark

$ 607,800

8.7%

$ 284

1.6%

$ 2,495

$ 2,688

$ 193

3.9%

Newbury Park

$ 635,300

4.5%

$ 321

2.7%

$ 2,784

$ 2,837

$ 52

4.2%

Oak Park

$ 616,100

4.0%

$ 366

7.1%

$ 2,529

$ 2,778

$ 249

3.9%

Oxnard

$ 421,700

13.0%

$ 299

18.0%

$ 2,139

$ 1,891

$ (248)

4.9%

Port Hueneme

$ 339,300

-3.4%

$ 262

6.1%

$ 1,531

$ 1,492

$ (39)

4.3%

Simi Valley

$ 496,900

10.0%

$ 296

1.0%

$ 2,358

$ 2,218

$ (140)

4.6%

Thousand Oaks

$ 621,000

1.8%

$ 343

7.2%

$ 2,675

$ 2,772

$ 97

4.1%

Ventura

$ 500,300

11.5%

$ 356

0.3%

$ 2,003

$ 2,203

$ 200

3.8%

Westlake Village

$ 780,200

13.8%

$ 395

9.1%

$ 2,678

$ 3,524

$ 847

3.3%

Camarillo 93010

$ 524,500

5.4%

$ 310

7.7%

$ 2,340

$ 2,360

$ 20

4.3%

Newbury Park 91320

$ 634,200

4.6%

$ 322

3.1%

$ 2,784

$ 2,832

$ 48

4.2%

Oxnard 93033

$ 367,300

15.7%

$ 398

-8.3%

$ 1,916

$ 1,599

$ (318)

5.0%

Oxnard 93035

$ 537,800

12.5%

$ 221

16.7%

$ 2,237

$ 2,415

$ 178

4.0%

Port Hueneme 93041

$ 329,500

-3.5%

$ 262

6.0%

$ 1,531

$ 1,456

$ (75)

4.5%

Simi Valley 93063

$ 491,700

10.0%

$ 293

0.9%

$ 2,621

$ 2,197

$ (423)

5.1%

Simi Valley 93065

$ 500,300

9.2%

$ 298

7.3%

$ 2,290

$ 2,241

$ (49)

4.4%

Thousand Oaks 91360

$ 592,100

-1.8%

$ 333

6.4%

$ 2,530

$ 2,640

$ 110

4.1%

Thousand Oaks 91362

$ 670,300

9.0%

$ 349

6.1%

$ 2,895

$ 3,008

$ 113

4.1%

Ventura 93004

$ 501,800

20.8%

$ 297

7.3%

$ 2,391

$ 2,223

$ (168)

4.6%

Westlake Village 91361

$ 781,700

9.9%

$ 412

12.7%

$ 2,913

$ 3,469

$ 556

3.6%

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Market Timing Rating and Valuations: Ventura County, Major Cities, and Zips
% Over/Under
Rental Parity Rental Parity

Historic
Premium

% Over/Under
Historic Prem.

-6.2%

26.7%

-32.9%

$ 556,500

4.8%

17.6%

-12.9%

$ 635,300

$ 621,100

-0.4%

14.3%

-14.8%

10

$ 616,100

$ 564,300

6.6%

37.8%

-31.2%

Oxnard

$ 421,700

$ 477,100

-12.8%

12.2%

-24.9%

Port Hueneme

$ 339,300

$ 341,500

-1.3%

28.7%

-29.9%

Simi Valley

$ 496,900

$ 526,100

-9.1%

3.1%

-12.1%

Thousand Oaks

$ 621,000

$ 596,800

1.3%

26.5%

-25.2%

Ventura

$ 500,300

$ 446,800

12.4%

33.5%

-21.1%

Westlake Village

$ 780,200

$ 597,400

36.3%

58.7%

-22.5%

Camarillo 93010

10

$ 524,500

$ 522,100

1.4%

29.5%

-28.1%

Newbury Park 91320

$ 634,200

$ 621,100

-0.6%

14.3%

-14.9%

Oxnard 93033

$ 367,300

$ 427,500

-16.4%

27.3%

-43.7%

Oxnard 93035

$ 537,800

$ 499,000

5.1%

34.5%

-29.4%

10

$ 329,500

$ 341,500

-3.7%

28.6%

-32.3%

$ 491,700

$ 584,600

-16.2%

7.4%

-23.6%

$ 500,300

$ 510,900

-2.6%

1.9%

-4.4%

$ 592,100

$ 564,400

1.3%

19.8%

-18.6%

10

$ 670,300

$ 645,800

1.1%

45.4%

-44.3%

10

$ 501,800

$ 533,400

-7.1%

32.2%

-39.3%

10

$ 781,700

$ 649,800

15.0%

66.5%

-51.5%

Rating

Median

Camarillo

10

$ 530,000

$ 561,500

Moorpark

$ 607,800

Newbury Park

Oak Park

City

Port Hueneme 93041

Simi Valley 93063
Simi Valley 93065
Thousand Oaks 91360
Thousand Oaks 91362
Ventura 93004
Westlake Village 91361

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January 2016

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877-409-8515

OC Housing News Monthly Market Report

OC Housing News monthly market report and newsleler provides a clear picture of the health of the housing market. Both buyers and sellers nd the
informagon on locagon, valuagon, and price trends, gmely and relevant to their decision to buy or sell a home. The OC Housing News report answers the
most important quesgons to buyers and sellers: (1) Where should I look for bargains, (2) Are current prices over or under valued in my area, and (3) what
direcgon are prices headed, up or down in my area? Armed with beler informagon, people make beler decisions.

There is too much informagon about housing oagng around the Internet, and most of it is bad. It is easy to take data and create prely charts and graphs
that don't provide any useful informagon someone might use to make a good decision. The OC Housing News has eliminated the useless informagon and
disglled the market down to three key pieces of informagon: (1) resale value relagve to rent, (2) yearly change in resale prices, and (3) yearly changes in
rents.

Using the OCHN Monthly Report

When most people are considering rengng or buying a home, they already have narrowed their choices for locagon. Most want to be near work, but they
may also want to be near family, friends, or a pargcular school district. The table of contents on the front page of the OCHN monthly report organizes the
reports by county so people can narrow their search to the area they are most interested in. I suggest searchers start with the overview of the county as this
provides important data on the broader real estate market.

InterpreJng an OCHN Monthly Market Report

The rst page of a county report breaks down into four parts: The news overview, Median Home Price and Rental Parity trailing twelve months, Resale $/SF
and year-over-year percentage change trailing twelve months, Rental rate and year-over-year percentage change trailing twelve months.

NEWS OVERVIEW

The news overview provides
concise descripgons of the facts
and condigons in the market. It
states whether the market trades
at a premium or a discount to
rental parity and provides a
measure of it. A market trading at
a premium to rental parity is more
desirable, so buyers are willing to
pay more than rental parity to live
there. A market trading at a
discount is less desirable, and
people must be mogvated to live there by saving versus rengng. The news overview measures the current premium or discount, compares it to the historic
premium or discount, and states whether the market is currently overvalued or undervalued. This is an important measure of future nancial performance.

MEDIAN HOME PRICE AND RENTAL PARITY TRAILING TWELVE MONTHS

For those who want the bolom line without all the analysis and detail, the market ragng is the rst row of the rst secgon of data. The ragng encapsulates
all the condigons of the market into one gure. Suce to say that a ragng of 10 is good and a ragng of 1 is bad. Buyers can rest assured that a highly rated
property or market is a good nancial buy.

The chart displays three lines that reveal
much about the market. The rst two lines
to note are the parallel green and orange
lines, rental parity (green) and historic value
(orange). As mengoned previously, some
markets trade at a discount and some at a
premium to rental parity. If the orange line
(historic value) is above the green line
(rental parity), the market is a premium
market. If the orange line (historic value) is
below the green line (rental parity), the
market is a discount market. The larger the
gap, the greater the premium or discount is.

The third line ploled against these two parallel lines is the median resale price for the area. This line reveals whether the market is currently trading at a
premium or discount to rental parity and historic value. The more important of these relagonships is between median resale price and historic value. Over
gme, the market has shown a tendency toward trading at historic value. If it trades above for a while, over gme it will revert back to this value. That may
happen either by an extended period of lille or no appreciagon or an outright decline in prices. If the market trades below its historic value, its likely to see
a rebound back to this value in the future. The best markets are those trading at a steep discount to its historic value.

OC Housing News
info@ochousingnews.com

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January 2016

Shevy Akason
877-409-8515

RESALE $/SF AND YEAR-OVER-YEAR PERCENTAGE CHANGE TRAILING TWELVE MONTHS

Since the historic value is so important, the rst column in next secgon displays the premium or discount from historic value over the last year. The second
column and the chart shows the dollars-per-square-foot resale price in the market. The line on the chart visually shows the general direcgon of prices, and
the third column shows the actual percentage change.

Its important to note that the percentage
change in resale prices can be misleading.
Most buyers foolishly extrapolate short-term
movements in market prices will congnue
forever, mogvagng them to buy at what is
oren the worst possible gme. In reality,
buying in a declining market when valuagons
are low is generally the best gme to buy
because sellers are mogvated and supply is
abundant. Buying in an appreciagng market
may not be wise, pargcularly if valuagon
signals a bubble. In short, valuagon is much
more important that price movement.

RENTAL RATE AND YEAR-OVER-YEAR PERCENTAGE CHANGE TRAILING TWELVE MONTHS

The nal table and chart on the page is similar to the rst grouping; it displays three lines, two of which are parallel and show current rent and the historic
cost of ownership relagve to rent, and the third line is the current cost of ownership. The relagonships are similar, the charts will look similar, and the
interpretagons are the same.

This method of looking at the data is more
revealing to those who like to focus on
monthly costs rather than purchase price. It
reveals how aordable properges are relagve
to monthly rent, which is what rental parity
analysis is all about. The rst column of data
shows the rate of rent growth over the last
year, and the next two columns show the
cost of rengng and the cost of owning during
the same period.

HISTORIC MARKET DATA CHARTS

The next page of the report shows two charts:
County median home price since January 1988,
and County median rent and monthly cost of
ownership since January 1988. These charts
are designed to put current circumstances in
historic context. They answer quesgons like,
How volagle are prices? and How does
todays pricing compare to the uctuagons of
the past? and How much danger is there in
buying today?

The chart above displays LA County through
early 2014, but the palern is similar across
California. With the green line for rental parity
and the orange line for historic value, its easy
to tell when the market is fairly valued, over
valued, or under valued.

HISTORIC VALUATION

The next page in the report shows two charts:

Historic Median Home Price Relagve to Rental
Parity: County since January 1988, and OCHN
Market Timing System Ragng: Los Angeles County since January 1988.

The chart on historic valuagon shows, at a glance, how close the market trades to its historic norm. The benchmark period is shown in green, and the degree
of market volaglity can be inferred from the scale to the ler. For example, LA County traded for as much as 42% below rental parity and 84% above it during
the 26-year period shown. Needless to say, that is very volagle, and people who bought during the overvalued periods endured painful price correcgons
when their houses were worth far less than they paid.
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OC Housing News
Shevy Akason
January 2016
info@ochousingnews.com
877-409-8515

OCHN RATING SYSTEM CHART

The market gming ragng system
mechanically idenges both good and buy
dimes to buy based on valuagon, resale price
change, and rental rate change. Since 1988,
in LA County, it was wrong in its
recommendagon in only a single two-year
period from late 1999 to mid 2001 as the
local economy gpped into a recession. The
system correctly idenged the housing
bubbles from the late 80s and the mid 00s
as well as the buying opportuniges in the
mid 90s and early 10s.

MARKET PERFORMANCE AND
TRENDS TABLE

The market performance trends table provides
a tabular summary of the current market
condigons by city and zip within the county. It
displays the same performance metrics
detailed in previous secgons including: median
resale price, resale percentage change
year-over-year, resale dollars-per-square-foot, rent percentage change year-over-year, median rent, monthly cost of ownership, the ownership premium or
discount based on rent, and the capitalizagon rate. For how to interpret these numbers see previous secgons for more detail.

To use these tables eecgvely, users should
have a short list of potengal ciges they
would consider living in. These tables allow
the user to search alphabegcally for city
data. Its suggested to consult both the city
data and the zip code data that oren
provides more detail, pargcularly in larger
ciges that may have signicant
neighborhood variability. For example, in
Canyon Country, the two zip codes
demonstrate that 91387 is more desirable
than 91351 because the former costs more
to own than to rent whereas the later costs
more to rent than to own.

By compiling and comparing data from the various ciges in a users search area, they can determine how much they would have to spend to either own or
rent in each area, suggesgng how desirable and aordable each area is. This will also allow users to eliminate areas they may not be able to aord.

MARKET TIMING RATING AND VALUATIONS TABLE

The next table shows the ragngs and
valuagons for each city and zip within the
county. This informagon is most valuable for
those hungng for bargain properges or fearful
of overpaying in an overvalued market.

In the example above Artesia is a prime market
for buying a home. The market usually trades
at a 12.9% premium to rental parity, but at the
gme of this report, it was trading at a 16.9%
discount, making it 29.6% undervalued! A
buyer in this market should experience above
average appreciagon as the market rebounds
to its historic norm. This table helps buyers
spot those markets where the best deals are
to be found. Helping buyers target their
search to where deals are best is the primary
value of this report.

OC Housing News
info@ochousingnews.com

58 of 58

January 2016

Shevy Akason
877-409-8515