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.
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.