The rental market numbers for Buckeye are consistent with what we have been experiencing with the market as a company. Average rental prices in both Sundance and Buckeye have increased from 2013-2015 and rental property inventory has decreased in that time frame.
Last week, we took a look at the city of Goodyear, AZ and the Wildflower Ranch subdivision’s 2013 to 2015 pertinent rental market figures.
This week, we will look at rental market statistics in the City of Buckeye, AZ. The break down will focus on the subdivision of Sundance. We will analyze rental market data from 1st quarter 2013 and 2014 and compare it with data from 1st Quarter 2015.
Let’s take a look at the data.
What is extremely interesting is the makeup of the Sundance subdivision market share as it relates to the Buckeye rental market as a whole. 33% of the rental properties in Buckeye listed in quarter 1 from 2013-2015 came from the Sundance developments.
In Buckeye, 1st Quarter average rental property rent rates have increased about 8% from 2013 to 2015 (from $991 to $1111). 1st Quarter Rental Property inventory in Buckeye, AZ has decreased roughly by a sizeable 30% in the same time frame.
The increase in 1Q rental price in Buckeye’s Sundance from 2013-2015 is also about 8%. Rental property inventory in Sundance has gone down 42% in this same time frame.