Buckeye, AZ and Encantada Estates Rental Property Market Comparison from January to October for 2013,2014 and 2015

On the last post, we took a look at the Avondale, AZ  rental market and the subdivision of Coldwater Springs.

This week, we travel down the I-10 West and will take a look at Buckeye, AZ and the subdivision of Encantada Estates.

Encantada Estates is a subdivision that is roughly located south of the 85 and north of Beloat Road. Encantada Estates is east of Rooks Rd. and west of Miller Rd. 

All of our Buckeye rental market figures are taken from closed rental data from the Arizona MLS from 2013-2015.

We will focus on the rental homes that rented between January and October and break down the resulting rental data by year.The rental property data we will look at in this objective review of the Buckeye and Encantada Estates rental market focuses on closed, unfurnished rental properties.

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

The average rental home price gain for the above time period in Buckeye, AZ is a solid 12.2%. For the houses in Encantada Estates, the three year rental price is similar to Buckeye as a whole at 10.2%. However the sample size for the rental properties at Encantada Estates is very small.

Both areas of comparison had more of a gain when compared to rental price per square foot (Buckeye - 15.6% , Encantada Estates - 18%).

To compare the Buckeye rental market gains with the overall Phoenix area rental market gains in 2015 check out our post from September 21.

The rental market inventory decrease over the last three years in Buckeye was 28% which is less than other West valley cities analyzed. The decrease in Encantada Estates was 50% although the sample size is small.

Avondale, AZ and Coldwater Springs Rental Property Market Comparison from January to October for 2013,2014 and 2015

Last week, we took a look at the Goodyear, AZ  rental market and the subdivision of Canyon Trails.

This week, we travel down the I-10 a bit to the the East and will take a look at Avondale, AZ and the subdivision of Coldwater Springs.

Coldwater Springs is a subdivision that is roughly located south of I-10 and north of Lower Buckeye Road. Coldwater Springs is east of the Agua Fria River Rd. and west of Avondale Road. 

All of our Avondale rental market figures are taken from closed rental data from the Arizona MLS from 2013-2015.

We will focus on the rental homes that rented between January and October and break down the resulting rental data by year.The rental property data we will look at in this objective review of the Avondale and Coldwater Springs rental market focuses on closed, unfurnished rental properties.

The rental market numbers in Avondale and Coldwater Springs are very similar. Attached is our summary chart.

The average rental home price gain for the above time period in Avondale, AZ is a very respectable 9.5%. For Coldwater Springs, the three year rental price gain mirrors Avondale as a whole at 9.2%. Both areas of comparison had less of a gain when compared to rental price per square foot (6.8%).

To compare the Avondale rental market gains with the overall Phoenix area rental market gains in 2015 check out our post from September 21.

The rental market inventory decrease over the last three years in Avondale was very significant at 42%. The decrease in Coldwater Springs was even more drastic at just over 50% 

Goodyear, AZ and Canyon Trails Rental Property Market Comparison from January to October for 2013,2014 and 2015

Last week, we took a look at the Surprise, AZ  rental market and the subdivision of Greer Ranch.

This week, we will take a look at Goodyear, AZ and the subdivision of Canyon Trails.

Canyon Trails is a subdivision that is roughly located south of I-10 and north of Lower Buckeye Road. Canyon Trails is east of Citrus Rd. and west of Sarival. 

All of our Goodyear rental market figures are taken from closed rental data from the Arizona MLS from 2013-2015.

We will focus on the rental homes that rented between January and October and break down the resulting rental data by year.The rental property data we will look at in this objective rental market overview of Goodyear and Canyon Trails focuses on closed, unfurnished rental properties.

The rental market numbers in Goodyear and Canyon Trails show some pretty interesting trends.

The average rental home price gain for the above time period in Goodyear, AZ is a solid 11.8% and 8.3% by $ per sq. foot. For Canyon Trails, the rental price gain was less at 7.3% but almost double that in $ per square foot gain with a 15.4% increase. 

To compare the Goodyear rental market gains with the overall Phoenix area rental market gains in 2015 check out our post from September 21.

The rental market inventory in Goodyear decrease was almost identical to the Surprise rental market inventory drop at 37% from 2013-2015 according to the rental market numbers chart above.

Surprise, AZ and Greer Ranch Rental Property Market Comparison from January to October for 2013,2014 and 2015

Last week, we took a look at the Peoria, AZ  rental market and the subdivision of Crystal Creek.

This week, we will take a look at Surprise, AZ and the subdivision of Greer Ranch.

Greer Ranch is a subdivision is located south of Grand Avenue and 83rd avenue. It is east of Reems Rd. and west of Sarival Ave. It is north of Peoria Ave and west of Cactus Rd. 

The adjacent Surprise subdivisions to Greer Ranch are Rancho Gabriela, Twelve Oaks Estates and Sycamore Farms.

All of our Surprise rental market figures are taken from closed rental data from the Arizona MLS from 2013-2015.

We will focus on the rental homes that rented between January and September and break down the resulting rental data by year.The rental property data we look at from Surprise and Greer Ranch focuses on closed, unfurnished rental properties.

The rental market numbers in Surprise and Greer Ranch show growth in rental price and a steady drop rental home inventory from 2013 to 2015. The chart below displays the details.

The average rental home price gain in Surprise, AZ is 7.4% and 12.2% by $ per sq. foot. This is a little less than the average home price gain Valleywide during the same time frame. For details on Phoenix area rental market gains in 2015 check out our post from September 21.

The rental market inventory decrease was a hefty 37% in Surprise, AZ from 2013-2015 according to our Surprise rental market numbers chart.

Peoria, AZ and Crystal Cove Rental Property Market Comparison January to September 2013 to 2015

Last week, we took a look at the Glendale rental market and the subdivision of Village Rose.

This week, we will take a look at the neighboring community of Peoria,AZ and the small subdivision of Crystal Creek.

Crystal Creek subdivision is located south of Grand Avenue and 83rd avenue.

All figures are taken from closed rental data from the MLS from 2013-2015.

We will focus on the rental homes that rented between January and September and break down the resulting rental data by year.The rental property data we look at from Peoria and Crystal Creek focuses on closed, unfurnished rental properties.

The rental market numbers in Peoria show growth in rental price and a steady drop in Peoria rental home inventory from 2013 to 2015. The chart below displays the details.

Overall, average rental property prices in both Peoria and Crystal Creek have increased during this 2013-2015 time period.  

Although our comparison sample size for Crystal cove is small, Average and Median days on market have both gone down here in over the last three years. We recently leased a property in Crystal Cove in less than a week.

However, the average rental home price gain in Peoria, AZ is only about 5%. This is much less than the average home price gain Valleywide during the same time frame. For details on Phoenix area rental market gains in 2015 check out our post from September 21.

The rental market inventory decrease is 27% in Peoria, AZ from 2013-2015 according to our Peoria rental market numbers chart.

Glendale, AZ and Village Rose Subdivision Rental Property Market Comparison January to September 2013 to 2015

This week we will take a look at the Glendale rental market and the subdivision in our focus will be Village Rose. 

Village Rose is a Glendale, AZ subdivision located east of 67th avenue and South of Cactus.

All figures are taken from closed rental data from the MLS from 2013-2015.

We will focus on the rental homes that rented between January and September and break down the resulting rental data by year.The rental property data we look at from Glendale and Village Rose focuses on closed, unfurnished rental properties.

The rental market numbers in Glendale and Village Rose in this study show decent gains as detailed below.

Overall, average rental property prices in both Glendale and Village Rose have increased during this 2013-2015 time period.  The average rental home price gain in Glendale, AZ is about 9% and the Village Rose subdivision are about 11% over these three years. 

Rental property inventory has decreased in both spots as well. The rental property inventory decrease on the ARMLS has been a substantial 36% in Glendale, AZ from 2013-2015.

Litchfield Park Makes TOP 10 Best Phoenix Suburbs!!!

With a population of a little over 5,000 people, Litchfield Park is the only city in the west valley of metro Phoenix to make it into the top 10 best phoenix suburbs list (according to MOVOTO).  It is a very small close knit community with tons of amenities and it is near Luke Air Force Base.  Litchfield Park also offers a wide variety of housing options from single family homes in community developments with home owner's associations to condos, apartments and single family homes on large lots without home owner's associations.  Litchfield Park also averages an unemployment rate of 3.7% which is lower than Phoenix's overall unemployment rate of 5.0%.  The wigwam resort also resides in Litchfield Park and offers many restaurants and golf courses for a staycation or for visitors. For more information about this quaint Phoenix suburb visit their visitor page at http://www.litchfield-park.org/

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