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.

Buckeye, AZ and Festival Foothills Rental Market Comparison 1st-2nd Quarter 2013 to 2015

Last week, we took a look at the city of Peoria, AZ and the Vistancia 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 Buckeye, AZ. All figures are taken from closed rental data from the MLS.

The break down will focus on the subdivision of Festival Foothills.

We will analyze the Buckeye rental market data  from 1st quarter and 2nd Quarter of 2013 and 2014 and compare it with data from 1st Quarter and 2nd Quarter to date in 2015.

Let's take a look at the Buckeye and Festival Foothills rental market data.

The rental market numbers for Buckeye in this study are consistent with what we have experienced with the overall 2015 Phoenix Area Rental Market. The Festival Foothills comparison screams small sample size but it is what has happened with MLS listings and we will summarize the data based on what we have, 

Overall, average rental prices in Buckeye has increased during this 2013-2015 time period. The median rental price has increase from 2013 to 2015 in Buckeye by $122, but has only increased in Festival Foothills by $39. Rental property inventory has decreased significantly in Buckeye.

In Buckeye average rental property rent rates in the time frames analyzed have increased only about 12% (from $1005 to $1127). The median rental price has shown an 12% increase. 

Festival Foothills average and median rental property rent rates have increased a bit in the time frame studied. What is interesting though is the Average Days on Market has decreased by over 50% and median days on market has been cut in third from 68 days to 19 days. Based on this number, a price increase would be realistic to expect moving forward. 

Peoria and Vistancia Rental Market Comparison 1st-2nd Quarter 2013 to 2015

Last week, we took a look at the city of Anthem, AZ and the Anthem Country Club's subdivision's 2013 to 2015 pertinent rental market figures.

This week, we will look at rental market statistics in the City of Peoria, AZ. All figures are taken from closed rental data from the MLS.

The break down will focus on the subdivision of Vistancia.

We will analyze the Peoria rental market data  from 1st quarter and 2nd Quarter of 2013 and 2014 and compare it with data from 1st Quarter and 2nd Quarter to date in 2015.

Let's take a look at the Peoria and Vistancia rental market data.

The rental market numbers for Peoria in this study are interesting because they are not consistent with what we have experienced with the overall 2015 Phoenix Area Rental Market. 

Overall, average rental prices in both Peoria and Vistancia have remained relatively flat during this 2013-2015 time period. The median rental price has increase from 2013 to 2015 in Peoria by $100, but has actually decreased in Vistancia. Rental property inventory decrease in these areas has not been as significant as the Phoenix rental market in general inventory decrease within the same time frame.

In Peoria average rental property rent rates in the time frames analyzed have increased only about 1% (from $1283 to $1298). The median rental price has shown an 8% increase. 

Vistancia average and median rental prices have decreased in the time frame studied. What is interesting though is the Average Days on Market has decreased by almost 50% and median days on market has been cut in third from 54 days to 18 days. Based on this number, a price increase would be realistic to expect moving forward. 

2013 to 2015 1st-2nd Quarter Rental Market Comparison in Anthem and Anthem Country Club

Last week, we took a look at the city of Surprise, AZ and the Surprise Farms subdivision's 2013 to 2015 pertinent rental market figures.

This week, we will look at rental market statistics in the City of Anthem, AZ.

The break down will focus on the subdivision of Anthem Country Club.

We will analyze rental market data  from 1st quarter and 2nd Quarter of 2013 and 2014 and compare it with data from 1st Quarter and 2nd Quarter of 2015.

Let's take a look at the data.

The rental market numbers for Anthem are consistent with the overall 2015 Phoenix Area Rental Market. Overall, average rental prices in both Anthem and Anthem Country Club have increased from 2013-2015. Rental property inventory has decreased in that time frame.

What is interesting about Anthem Country Club is the negligible AVG rent increase from 2014 to 2015 and a decrease in the median. This is the only subdivision that we have analyzed over the last couple of months that shows this. It could be a sample size issue but it might show that the recent rent increase here has peaked.  
 
In Anthem, average rental property rent rates have increased about 8% from 2013 to 2015 (from $1431 to $1550). 

Rental Property inventory in Anthem, AZ has also decreased a bit. Although a precise number will not be computed until the end of the quarter, the decrease in inventory is much less pronounced than in other cities.

The percentage increase in average rental price from 2013-2015 within Anthem Country Club is about 12%.

2013 to 2015 1st-2nd Quarter Rental Market Comparison in Surprise and Surprise Farms

Last week, we took a look at the city of Avondale, AZ and the Harbor Shores subdivision's 2013 to 2015 pertinent rental market figures.


This week, we will look at rental market statistics in the City of Surprise, AZ.

The break down will focus on the subdivision of Surprise Farms.

We will analyze rental market data  from 1st quarter and 2nd Quarter of 2013 and 2014 and compare it with data from 1st Quarter and 2nd Quarter of 2015.

Let's take a look at the data.

The rental market numbers for Surprise are consistent with the overall 2015 Phoenix Area Rental Market as company. Average rental prices in both Surprise and Surprise Farms have increased from 2013-2015. Rental property inventory has decreased in that time frame.

What is consistent with the Avondale numbers is the Average and Median Days on market figures. Listing time in Surprise has been more than cut in half from 2013. Within the Surprise Farms Subdivision, the average days on market went from 53 in 2013 to a current 24 day number.
 
In Surprise, average rental property rent rates have increased about 16% from 2013 to 2015 (from $1072 to $1247).

Rental Property inventory in Surprise, AZ has also decreased,
although a precise number will not be computed until the end of the quarter.

The increase in rental price from 2013-2015 in Surprise farms is about 11%.