Monday, 16 April 2018

Real Property Management West Valley Phoenix Average Rents Phoenix, Queen Creek, Surprise, Glendale

Real Property Management West Valley Phoenix April 2018 podcast provides an overview of the average rent amount per specific zip code in Phoenix, Queen Creek, Surprise & Glendale.  Additionally at the end we provide our free tip which this month relates to Phoenix Apartment Property Management.







Real Property Management & Sales West Valley Phoenix offers full service Phoenix Real Estate & Phoenix Property Management services.  For additional information you can contact us at info@rpmwvphx.com or 602-358-8130


Thursday, 5 April 2018

Phoenix Property Management - Real Property Management West Valley Phoenix Rental Home Statistical Update


Real Property West Valley Phoenix is happy to bring you an update of the current Phoenix rental home statistics utilizing data from ARMLS which is the Arizona Reginal Multiple Listing System.  According to the ARMLS statistical data which measures activity of homes listed through the MLS, the average rental properties leased fell from 2164 phoenix homes in February 2017 to 2014 in February 2018.  Real Property Management West Valley Phoenix thinks that the decrease is most likely due to the lower inventory of available rental homes in the metro Phoenix area.  This decrease also led to both  the median and average lease amounts to increase from 2017-2018.  Additionally, the median lease went from $1300.00 in 20017 to $1372 in 2018 and the average lease raised from$1495 to $1532.

Interestingly, the average days on market were almost the same at 34 days for February 2017 and 35 days for 2018.  Furthermore the rent check quotient stayed at 3 to 10 meaning that for every three homes that leased, ten homes were sold.   So what does all of this mean??  Well, Real Property Management West Valley Phoenix thinks that if you have been thinking about turning your property into a Phoenix rental now may be the time.

Real Property Management West Valley Phoenix offers full service Phoenix Real Estate & Phoenix Property Management services.  For additional information you can contact us at info@rpmwvphx.com or 602-358-8130
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Wednesday, 28 March 2018

Sundance and Buckeye, AZ Rent Prices 2013-2017

Real Property Management West Valley Phoenix studied Buckeye, AZ and the Sundance subdivision rental prices and other rental property market data from 2013-2017.

Sundance, Buckeye is a subdivision that is roughly located south of the 10 and north of Durango Street. Sundance, Buckeye is situated roughly east of Watson Rd. and west of Dean Rd. 

All of Real Property Management West Valley Phoenix rental market figures for Buckeye are taken from closed rental data from the Arizona MLS from 2013-2015.

The rental market numbers in Buckeye and Sundance are pretty similar. Attached is our summary chart.










The average rental home price gain from 2013 to 2017 in Buckeye, AZ is a solid 20%. 

For the rental houses in Sundance, Buckeye the five year rental price gain of 26% is better than Buckeye. 

However, houses in the Sundance subdivision rent for about $200 less per month than the  Buckeye collectively.



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

Thursday, 22 March 2018

Goodyear, AZ and Centerra Rent Prices 2013-2017

Real Property Management West Valley Phoenix studied Goodyear, AZ and the Centerra, AZ subdivision rental prices and other rental property market data from 2013-2017.

Centerra in Goodyear, AZ is a subdivision that is roughly located south of Van Buren St. and north of Yuma Rd. Centerra in Goodyear, AZ is east of Estrella Pkwy and west of Bullard Ave. 

All of Real Property Management West Valley Phoenix rental market figures for Goodyear, AZ are taken from closed rental data from the Arizona MLS from 2013-2017.

As the charts below indicate, over the last 5 years (2013-2017), property rental prices in Goodyear and Centerra have shown an increase.






The rental home price average in Goodyear, AZ has increased 18% in these five years. In Centerra, the increase in rent in this time frame has been 20%.

The rental property inventory listed on MLS in Goodyear, AZ has decreased 50% from 2013 to 2017. Rental inventory is down by 51% in the Centerra subdivision.


For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management West Valley Phoenix
www.rpmwvphx.com
info@rpmwvphx.com

Monday, 19 March 2018

Phoenix Real Estate Sales & Phoenix Property Management

Listen in to this week's podcast which discusses how to improve Homeowner Association Participation and as always there is a FREE tip at the end!



For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management WV Phoenix
www.rpmwvphx.com
info@rpmwvphx.com

602-358-8130

Thursday, 1 March 2018

Is It Still a Good Time to Be a Landlord?

The renter population is outpacing homeowners in many of the nation’s largest cities. The most recent data shows a slowing rental market as homeownership rates continue to gradually recover from the recession.
RentCafe, an apartment and house rental listing company, recently analyzed U.S. Census data to study the change in the number of people living in renter- and owner-occupied housing units over a decade. They compared data from the years 2006 and 2016.
Over the last decade, the U.S. population has grown by 23.7 million people. The number of renters has increased by more than 23 million and homeowners by less than 700,000, according to Census data. The overall renter population has risen by more than a quarter in a decade.
Landlords may particularly be finding a boost in the nation’s largest cities. Rentership growth has outpaced homeownership in 97 of the 100 largest cities, according to RentCafe. The following 10 cities are where the renter ratio has increased the most from 2006 to 2016, according to RentCafe’s analysis.
Despite the large gains, many cities are still a long way from having a renter majority, and homeownership is far from becoming an endangered species, according to the study.
RentCafe reports: “Undoubtedly, the recession had a great impact on homeownership. … However, it looks like it takes more to discourage Americans from buying a house than that. As the years go by, it seems more and more certain that the fact that renting has seen a sudden gain in popularity is more a reaction to the economic crisis than a paradigm shift in the Americans’ attitude toward housing.”
From 2007 to 2015, the renter population has been growing faster than the owner population. However, in 2010, the gap started to show signs of closing. By 2016, the trend started looking more similar to what it did prior to the recession. The number of homeowners has risen by 0.9 percent, while the number of renters has decreased slightly by 0.1 percent on a national level, according to the report.
Source: “Renters Became the Majority Population in 22 Big U.S. Cities,” RentCafe Blog (Jan. 25, 2018)

For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management West Valley Phoenix
www.rpmwvphx.com
info@rpmwvphx.com

623-748-7800

Wednesday, 21 February 2018

Avondale, AZ and Crystal Gardens Rent Prices 2013-2017

Real Property Management West Valley Phoenix studied Avondale, AZ and the Crystal Gardens, AZ subdivision rental prices and other rental property market data from 2013-2017.

Crystal Gardens in Avondale, AZ is a subdivision that is roughly located south of Thomas Rd. and north of McDowell Rd. Crystal Gardens in Avondale, AZ is east of 114th Ave and west of 108th Ave. 

All of Real Property Management West Valley Phoenix rental market figures for Avondale, AZ are taken from closed rental data from the Arizona MLS from 2013-2017.

As the charts below indicate, over the last 5 years (2013-2017), property rental prices in Avondale and Crystal Gardens have shown a decent increase.




The rental home price average in Avondale, AZ has increased a hefty 25% in these five years. In Crystal Gardens, the increase in rent in this time frame has been 17%.

The rental property inventory listed on MLS in Avondale, AZ has decreased 57% from 2013 to 2017. Rental inventory is down by 50% in the Crystal Gardens subdivision.


For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management West Valley Phoenix
www.rpmwvphx.com
info@rpmwvphx.com


623-748-7800

Wednesday, 14 February 2018

Peoria and Vistancia, AZ Rent Prices 2013-2107

Real Property Management West Valley Phoenix studied Peoria, AZ and the Vistancia, AZ subdivision rental prices and other rental property market data from 2013-2017.

Vistancia in Peoria, AZ is a subdivision that is roughly located south of the Central Arizona Canal Project and north of Jomax. Vistancia in Peoria, AZ is east of 138th Ave and west of the 303. 

All of Real Property Management West Valley Phoenix rental market figures for Peoria are taken from closed rental data from the Arizona MLS from 2013-2015.

As the charts below indicate, over the last 5 years (2013-2017), property rental prices in Peoria have shown a significant increase. However, Vistancia rent prices have remained flat.









Rental home price average in Peoria, AZ has increased about 16% in these five years. In Vistancia, the increase in rent in this time frame has been less than 1%.

Rental property inventory in Peoria, AZ has decreased 38% from 2013 to 2017. Rental inventory is down by 20% in the Vistancia subdivision.


For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management West Valley Phoenix
www.rpmwvphx.com
info@rpmwvphx.com


623-748-7800

Thursday, 1 February 2018

Surprise and Surprise Farms Rent Prices 2013-2017

Real Property Management West Valley Phoenix studied Surprise, AZ and Surprise Farms subdivision rental prices and other rental property market data from 2013-2017.

Surprise Farms, Surprise is a subdivision that is roughly located south of the Bell Road and north of Greenway . Surprise Farms. Surprise is east of Beardsley Canal Road and west of the 303. 

All of Real Property Management West Valley Phoenix rental market figures for Surprise are taken from closed rental data from the Arizona MLS from 2013-2015.

The rental market numbers in Surprise and Surprise Farms are extremely similar. Attached is the Real Property Management West Valley Phoenix summary table and rent price chart of this subdivision.




The average rental home price gain from 2013 to 2017 in Surprise, AZ is 17%. 

For the rental houses in Surprise, Surprise Farms the five year rental price gain of 16% is just a slight bit less than Surprise.



For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management West Valley Phoenix
www.rpmwvphx.com
info@rpmwvphx.com

623-748-7800

Thursday, 25 January 2018

Buckeye and Westpark Rent Prices 2013-2017

Real Property Management West Valley Phoenix studied Buckeye, AZ and the Westpark subdivision rental prices and other rental property market data from 2013-2017.

Westpark, Buckeye is a subdivision that is roughly located south of the 10 and north of Warner Street. Westpark, Buckeye is east of Rooks Rd. and west of Miller Rd. 

All of Real Property Management West Valley Phoenix rental market figures for Buckeye are taken from closed rental data from the Arizona MLS from 2013-2015.

The rental market numbers in Buckeye and Westpark are very similar. Attached is our summary chart.











The average rental home price gain from 2013 to 2017 in Buckeye, AZ is a solid 20%. 

For the rental houses in Westpark, Buckeye the five year rental price gain of 24.0% is better than Buckeye. 

However, houses in the Westpark subdivision rent for about $150 less per month than the  Buckeye collectively.



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

Tuesday, 23 January 2018

Real Property Management West Valley Phoenix Latest Podcast





Join Lisa with Real Property Management West Valley Phoenix to hear about average days to rent broken down by city on the Real Property Management West Valley Phoenix Manage My Home podcast.



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

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.