Last week, we took a look at the city of Buckeye, AZ and the Sundance subdivision's 2013 to 2015 pertinent rental market figures.
This week, we will look at rental market statistics in the City of Avondale, AZ. The break down will focus on the subdivision of Harbor Shores. 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 Avondale are consistent with what we have been experiencing with the market as a company. Average rental prices in both Avondale and Harbor Shores have increased from 2013-2015 and rental property inventory has decreased in that time frame.
What is extremely interesting is the Average and Median Days on market figures. Listing time in Avondale has been cut in half. Within the Harbor Shores Subdivision, the average days on market went from 58 in 2013 to a current 17 day number.
In Avondale, average rental property rent rates have increased about 8% from 2013 to 2015 (from $1048 to $1132). Rental Property inventory in Avondale, AZ has decreased, although a precise number will not be computed until the end of the quarter.
The increase in rental price from 2013-2015 in Avondale's Harbor Shores is about 13%.
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