Yesterday’s Super Bowl in Glendale and looking at all of the game stats got me thinking of all the properties we manage and the associated statistics we had for 2014 in that rental market. I reviewed last year’s market statistics from the rental properties we manage in Glendale and have come up with some interesting numbers.
RPM West Valley listed 20 properties for rent in Glendale in 2014. The property type breakdown was 15 Single Family Homes and 5 Condos/Townhomes. The listing rental price was from $675 to $1875 with an average rental price of $953 and a median price of $847.
Focusing specifically the single family homes in Glendale in 2014, the average time on the rental market was 26.5 days. The average rental price was $1,076 and the median listing price was $995.
There were three Single Family Properties that took over 30 days to rent because they were originally offered at prices higher than our recommendation. When they were subsequently brought down to our price recommended (and market rent) the houses rented quickly. Bringing these properties to average would put the average days on the market of our Glendale Single Family Rental Homes to below 23 days.
In summary, there is a high probability we can rent a property Glendale in less than 30 days if we are able to price a rental home at market value. If you are having difficulties renting your property in Glendale,AZ chances are you may have the property priced too high or may need a bit of help on the marketing side.
We do offer an aggressive marketing strategy for our property owners and have licensed and motivated leasing agents that can sift through the applicant pool quickly and get a qualified tenant in place for you.