Phoenix Rental Statistics May 2013

According to RENT CHECK which is the monthly publication from the Arizona Regional Multiple Listing System, the median lease price for metro Phoenix in May 2013 was $1,074.  Additionally, the average lease was $1225 and average days on the market were 51.  Often utilizing a phoenix property management company for your investment property can reduce the number of days on the market for you rental.  For example, take a look at the average days on market for the first half of 2013 for rental properties managed by Real Property Management:

  

Anthem 31

Avondale 16

Buckeye 23

Chandler 31

El Mirage 11

Gilbert 56

Glendale 23

Goodyear 23

Laveen 26

Litchfield Park 26

Mesa 64

Peoria 33

Phoenix 19

Scottsdale 31

Surprise 27

Tolleson 27

As a reminder, the price and how the property shows to prospective tenants does greatly effect the ability and time to place a qualified tenant.