2013 to 2015 1st-2nd Quarter Rental Market Comparison in Avondale and Harbor Shores

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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2013 to 2015 1st Quarter Rental Market Comparison in Buckeye and Sundance

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.


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.


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. 
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2013 to 2015 1st Quarter Rental Market Comparison in Goodyear and Wildflower Ranch

Last week, we took a look at the city of Peoria, AZ and the Fletcher Heights subdivision’s 2013 to 2015 pertinent rental market figures. 

This week, we will look at rental market statistics in the City of Goodyear, AZ. The break down will focus on the subdivision of Wildflower Ranch. 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.

The rental market numbers for Goodyear are consistent with what we have been experiencing with the market as a company. Average rental prices in both Wildflower Ranch and Goodyear have increased from 2013-2015 and rental property inventory has decreased in that time frame.

In Goodyear, 1st Quarter rental property rent rates have increased about 13% from 2013 to 2015. 1st Quarter Rental Property inventory in Goodyear, AZ has decreased roughly by 25% in the same time frame.

The sample size is in Wildflower Ranch  is small so we need to take that into account but we still see parallels in this micro-market. Rental property closing prices in Wildflower Ranch have gone up about 11% from 2013 to 2015. Rental property inventory has taken a nose dive here from 29 in 1st Quarter of 2013 to 12 in this year’s 1st Quarter. 
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2013 to 2015 1st Quarter Rental Market Comparison in Peoria and Fletcher Heights

We have many investors and clients who are interested in the Valley’s rental market statistics and rental market trends. Investors and rental property owners want to know if they can expect more rent this year and how the Greater Phoenix and Phoenix West Valley rental market is shaping.

In the next few weeks we will take a look at a few Phoenix cities 2013 to 2015 pertinent rental market figures and then break the numbers down further for a particular sub-division within that city. The comparisons are based on data retrieved and analyzed from MLS. The cities will include Peoria, Glendale, Phoenix, Goodyear and Buckeye.

This week, we will look at rental market statistics in the City of Peoria. The break down will focus on the subdivison of Fletcher Heights. We will analyze data from 1st quarter 2013 and 2014 and compare it with data from 1st Quarter 2015.


The rental number’s for Peoria are consistent with what we have been experiencing within the market as a company. Average rental prices in both Fletcher Heights and Peoria have increased from 2013-2015 and renatl property inventory has decreased in Peoria.

In Peoria, 1st Quarter rental property rent rates have increased about 4% from 2013. 1st Quarter Rental Property inventory in Peoria has decreased roughly by 14.5% in the same time frame.

The sample size is in Fletcher Heights is small so I don’t think it is fair to take the rental inventory number with much confidence. However, we can see a consistent increase in rental prices in this subdivision based on the data we have. It looks like Fletcher Heights has outperformed the rest of Peoria with rent price increase of 11.9% based on the 2013 rental market numbers vs. 2015 figures.

  

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