Laveen, AZ and Country Glen Subdivision Rental Property Market Comparison 1st and 2nd Quarter 2013 to 2015

On the last post, we took a look at the city of Phoenix, AZ and the Dynamite Mountain Ranch subdivision's 2013 to 2015 pertinent rental market figures.

This week, we will move the rental market comparison a bit south of Phoenix proper and look at how rental market statistics from 1st and 2nd Quarters 2013-2015 in Laveen, AZ compare with a different subdivision. 

All figures are taken from closed rental data from the MLS. The break down will focus on the subdivision of Country Glen.

Country Glen is a small subdivision that is east of 47th Ave and north of Baseline Road. 

We will focus on the rental homes listed in quarters 1 and 2 and break down the resulting rental data by year.The rental property data we look at from Laveen and Country Glen focuses on closed rental properties.

Let's take a look at the Laveen and Country Glen rental market data.

The rental market numbers for the city of Laveen in this study are consistent with what we have experienced with the overall 2015 Phoenix Area Rental Market. 

The Country Glen market is hard to gauge due to sample size but it shows some decent gains with the limited data and rental prices are trending upward. Median days on market regarding these rental properties are showing some sharp declines which is good for landlords.

Overall, average rental prices in Laveen has increased during this 2013-2015 time period.  by $100. The average rental price in Country Glen went up $79.

Phoenix, AZ and Dynamite Mountain Ranch Rental Property Market Comparison 1st and 2nd Quarter 2013 to 2015

On the last post, we took a look at the city of Phoenix, AZ and the Desert Ridge subdivision's 2013 to 2015 pertinent rental market figures.

This week, we will keep the rental market comparison in Phoenix and look at how rental market statistics from 1st and 2nd Quarters 2013-2015 in the City of Phoenix, AZ compare with a different subdivision. 

All figures are taken from closed rental data from the MLS. The break down will focus on the subdivision of Dynamite Mountain Ranch.

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 1/1//2013 to 7/19/2015, there have been 216 homes listed for rent on the Arizona MLS . 

We will focus on the rental homes listed in quarters 1 and 2 and break down the resulting rental data by year.The rental property data we look at from Phoenix and Dynamite Mountain Ranch focuses on closed rental properties.

Let's take a look at the Phoenix and Dynamite Mountain Ranch rental market data.

The rental market numbers for the city of Phoenix in this study are consistent with what we have experienced with the overall 2015 Phoenix Area Rental Market. 

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

Overall, average rental prices in Phoenix has increased during this 2013-2015 time period. The average rental price has increase from 2013 to 2015 in Phoenix by $167. The average rental price in Dynamite Mountain Ranch went up $94.

Phoenix, AZ and Desert Ridge Rental Property Market Comparison 1st and 2nd Quarter 2013 to 2015

On the last post, we took a look at the city of Buckeye, AZ and the Festival Foothills subdivision's 2013 to 2015 pertinent rental market figures.

This week, we will look at rental market statistics from 1st and 2nd Quarters 2013-2015 in the City of Phoenix, AZ. All figures are taken from closed rental data from the MLS.

The break down will focus on the subdivision of Desert Ridge.

We analyzed the Phoenix and Desert Ridge rental market data from 1st quarter and 2nd Quarter of 2013 and 2014 and compared it with data from 1st Quarter and 2nd Quarter to date in 2015. The rental property data is from the Arizona MLS and focuses on closed rental properties.

Let's take a look at the Phoenix and Desert Ridge rental market data.

The rental market numbers for the city of Phoenix in this study are consistent with what we have experienced with the overall 2015 Phoenix Area Rental Market. The Desert Ridge rental property data has some interesting quirks but prices still trending upward like the rest of the market although not at the same rate of acceleration.

Overall, average rental prices in Phoenix has increased during this 2013-2015 time period. The average rental price has increase from 2013 to 2015 in Phoenix by $167. the average rental price in Desert Ridge but has only increased by $125. Percentage increase in average rental price from 2013 to 2015 in Phoenix and Desert Ridge was 14% and 6% respectively. Rental property inventory has decreased significantly in Phoenix.

What is interesting about Desert Ridge and Phoenix is that the average days on market has gone up a bit from 2013 to 2015. This differs with many of the markets that we have studied so far.