On the last post, we took a look at the city of Peoria,AZ and the Fletcher Heights subdivision's 2013 to 2015 pertinent rental market figures.
This week we will take a look at the Surprise rental market and the subdivision in our focus will be Roseview.
Roseview is a Surprise,AZ subdivision located east of Dysart Rd., west of 135th Ave, south of Greenway Rd. and north of Waddell Rd.
The neighboring subdivisions of Rosewood are Litchfield Manor to the west, Surprise Point to the south and West Point Town Center to the North.
All figures are taken from closed rental data from the MLS from 2013-2015.
New to our rental market stat presentation this week is dollars per square ft - $PSF.
We will focus on the rental homes that rented between January and August and break down the resulting rental data by year.The rental property data we look at from Surprise and Rosewood focuses on closed, unfurnished rental properties.
The rental market numbers in Surprise and Rosewood shown in this study show decent gains as detailed below.
Overall, average rental property prices in both Surprise and Roseview have increased during this 2013-2015 time period. The average rental home price gains in Surprise, AZ and the Roseview subdivision are about 8% over these three years.
Rental property inventory has decreased in both spots as well. The rental property inventory decrease on the ARMLS has been a substantial 36% in Surprise, AZ from 2013-2015 and an even more drastic 54% in Roseview.