This week, we will compare the full year market data from 2014 to present in Buckeye, AZ and more specifically in Verrado in Buckeye AZ.
Verrado is a master-planned community located in the city of Buckeye, Arizona, approximately 25 miles west of downtown Phoenix.
All figures for this Buckeye, AZ analysis are taken from closed rental data from the MLS from 2014 to present.
We will focus on the rental homes listed on the Arizona MLS and break down the resulting rental data by year.
The rental property data we look at from Buckeye and Verrado in Buckeye focuses on closed, unfurnished rental properties.T
The rental home prices in Buckeye and Verrado in Buckeye shown in this study show good gains as detailed below. The inventory in Buckeye shows a significant decrease over the time period while Verrado shows an increase in 2015 and possibly an increase for 2016.
Another interesting note revealed by the numbers is that although the average rent for Buckeye rental property is lower the average days on the market is also substantially lower than those of Verrado. Additionally, the increase in the average rent for Buckeye investment properties increased more than the increase in Verrado. In conclusion, the rental property market in Buckeye, AZ and specifically Verrado remains strong.
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