Thursday, 18 January 2018

Phoenix and Dynamite Mountain Ranch rent prices 2013-2017

The following numbers will highlight the Real Property Management West Valley Phoenix study of the Phoenix and Dynamite Mountain Ranch rental market from 2013-2017.

Real Property Management West Valley Phoenix looked at key rental market statistics in the City of Phoenix, AZ and in the Dynamite Mountain ranch subdivision.

All figures that Real Property Management West Valley Phoenix used in this study are taken from closed rental data from the MLS.

Dynamite Mountain Ranch is a subdivision that is east of I-17 and north of Happy Valley Road. It has 1,045 homes within the subdivision.

From 2013-2017 there have been 383 homes listed for rent on the Arizona MLS in the Dynamite Mountain Ranch subdivision.

Real Property Management West Valley Phoenix manages several homes in this subdivision.

The rental property data we look at from Phoenix and Dynamite Mountain Ranch focuses on unfurnished rental properties.



The rental price numbers for the city of Phoenix in this study are consistent with what Real Property Management West Valley Phoenix has studied in other cities around Phoenix.

The Dynamite Mountain ranch rental property data showed nice gains and rental prices are trending upward. Median days on market regarding these rental properties are showing some steady declines which is good for landlords.

Overall, average rental prices in Phoenix has increased during this 2013-2017 time period. The average rental price has increased from 2013 to 2017 in Phoenix by $242. The average rental price in Dynamite Mountain Ranch went up $221 in this same time period.

Thursday, 11 January 2018

Real Property Management West Valley Phoenix rent price comparison 2013-2017

On the last post, Real Property Management West Valley Phoenix, looked at rent prices in the Phoenix area and selected West Valley cities.

This week Real Property Management West Valley Phoenix will look at the same data but show it a bit differently with line charts that re-emphasize the increase in rental price. These charts will show a graphical picture of the data and rent price increase from 2013-2017 for the following cities.

Surprise (SUR) – rent price increase of 28%  
Phoenix (PHX) – rent price increase of 25%
Peoria (PEO) - rent price increase of 19%
Avondale (AVD)- rent price increase of 22%
Buckeye (BUK)- rent price increase of 35%

These are large increases when compared with the Consumer Price Index which rose 7% from 2013-2107.


Keep in mind, the rental property data that Real Property Management West Valley Phoenix uses this comparison is at for closed, unfurnished rental properties and is taken from the Arizona MLS.


Wednesday, 3 January 2018

Greater Phoenix Rental Market Data by City 2013-2107

Let’s look the Greater Phoenix Rental market data and three charts that break down by city in a few categories. The cities are as follows:

Surprise (SUR)
Phoenix (PHX)
Peoria (PEO)
Avondale (AVD)
Buckeye (BUK)

We have compiled data for these five Valley markets. The data represents each year's closed, unfurnished rental properties and is taken from the Arizona MLS.

We will present three charts. The first chart shows raw rental price per square foot in each city. 


In each city, the rental price per square has gone up consistently in each year and rental price per square foot increase ranges from 14% to 26%. The largest increase in rent per sq. foot by percentage from 2013-2017 occurred in Buckeye.

The next chart shows rental property inventory.


This chart details the significant reduction in rental properties available and shows that the Phoenix rental property inventory is greater than the rest of the cities inventory combined.

The final Chart shows the increase in rent price/decrease inventory as a percentage.


This chart shows good rental market price gains. It is interesting to note the drastic reduction in rental inventory on the Arizona MLS from 2013 to 2015.



Wednesday, 20 December 2017

Goodyear, AZ and Canyon Trails Subdivision Rental Prices and Rental Data 2013-2017

Over the last 5 years (2013-2017), property rental prices in Goodyear and Canyon Trails have shown a nice increase. Also, Goodyear rental property and Canyon Trails rental property inventories have decreased substantially from 2013-2017.

Canyon Trails is a subdivision that is roughly located south of I-10 and north of Lower Buckeye Road. Canyon Trails is east of Citrus Rd. and west of Sarival. 

All Goodyear, AZ rental market figures shown are taken from closed rental data from the Arizona MLS from 2013-2017.

The above charts show good growth for rental home prices in Canyon Trails and Goodyear, AZ from 2013-2017. The inventory in both comparisons also shows a significant decrease.

The rental home price average in Goodyear, AZ has a 18% increase in these five years. For Canyon Trails, the increase in rent in this time frame has been just a bit more at 19%.

Rental property inventory on MLS in in Goodyear, AZ 2017 is only 51% of 2013’s rental inventory. Canyon Trails rental property inventory in 2017 is 55% of the 2013 rental inventory.

The 18% increase in rental home price in Glendale during the time frame 
studied in Goodyear, AZ is 3 times greater than Consumer Price Index (6%).

For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
RPMWV Phx
www.rpmwvphx.com
info@rpmwvphx.com
623-748-7800



Thursday, 14 December 2017

Phoenix Property Management - 2017 Phoenix Renter Survey




Join us for our latest discuss on Buildium's 2017 annual tenant survey with insights to tenant's preferences.


For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
RPMWV Phx
www.rpmwvphx.com
info@rpmwvphx.com
623-748-7800

Wednesday, 13 December 2017

Glendale, AZ Rental Property Top 10 Subdivisions - 2017 YTD

RPM West Valley analyzed Arizona MLS rental property statistics in the 66 main subdivisions in Glendale, AZ. We identified the top 10 rental property areas in Glendale, AZ for rent closing volume and rent price.

We found great balance within this city within the numbers. However, 11 subdivisions had double digit rental property closings in 2017 (through December 1). The numbers that follow are the rental property subdivisions and the number of properties that rented within them Year To Date for 2017:

Arrowhead Ranch
39
West Plaza
25
Rovey Farm Estates
21
Arrowhead Lakes
20
Hillcrest Ranch
20
Dave Brown
18
Highlands At Arrowhead Ranch
17
Valencia
16
Deerview
12
Greenbrier
12
Thunderbird Palms
10

Glendale, AZ - number of closed Rental property transactions for 2017 (reported in ARMLS)  = 1047

The Top 10 Rental property markets in Peoria represent only 16% of the closed Rental Property transactions in Glendale, AZ for 2017. The remainder was spread out among the other Glendale subdivisions.

Here is the closed rental property price list for YTD 2017 in the top 10 Glendale, AZ rental property subdivisions.

Highlands At Arrowhead Ranch
$1,851
Arrowhead Ranch
$1,804
Hillcrest Ranch
$1,781
Arrowhead Lakes
$1,684
Rovey Farm Estates
$1,648
Valencia
$1,621
Greenbrier
$1,438
Dave Brown
$1,311
Thunderbird Palms
$1,297
Deerview
$1,246

Wednesday, 29 November 2017

10 Top Rental Property Subdivisions In Surprise - YTD 2017


RPM West Valley analyzed rental property statistics in the main subdivisions in Surprise, AZ. We identified 10 top rental property areas in Surprise, AZ for rent closing volume and rent price.

Here is a list of 10 Top Rental Property subdivisions in Surprise sorted by number of closed rental agreements for 2017 YTD.

Surprise Farms                       114
Sierra Montana                       77
Rancho Gabriela                     69       
Mountain Vista Ranch             49
Ashton Ranch                         39
Roseview                                36
Marley Park                            27
Litchfield Manor                      26
Legacy Parc                            22
Royal Ranch                           22



Here is the closed rental property price list for YTD 2017 for 10 top Surprise, AZ rental property subdivisions.

Marley Park
$1,622
Litchfield Manor
$1,453
Rancho Gabriela
$1,369
Royal Ranch
$1,355
Sierra Montana
$1,354
Surprise Farms
$1,350
Legacy Parc
$1,305
Mountain Vista Ranch
$1,239
Roseview
$1,189
Ashton Ranch
$1,152