On the last post, we took a look at the city of Laveen, AZ and the Country Glen subdivision’s 2013 to 2015 pertinent rental market figures.
This week, we will move the rental market comparison to Scottsdale and look at how rental market statistics from 1st and 2nd Quarters 2013-2015 in Scottsdale, AZ compare with a different subdivision within Scottsdale.
All figures are taken from closed rental data from the MLS. The break down will focus on the subdivision of Grayhawk.
Grayhawk is a large subdivision that is east of Scottsdale Road, West Of Pima Rd and north of Thompson Peak Parkway.
We will focus on the rental homes listed in quarters 1 and 2 and break down the resulting rental data by year.The rental property data we look at from Scottsdale and Grayhawk focuses on closed, unfurnished rental properties.
Let’s take a look at the Scottsdale and Grayhawk rental market data.
The rental market numbers for the city of Scottsdale in this study are consistent with what we have experienced with the overall 2015 Phoenix Area Rental Market.
The Grayhawk market is very interesting and it shows good overall gains. However, the Grayhawk market took a turn for the worse in 2014 in all areas. It rebounded nicely in 2015.
Overall, average rental prices in Scottsdale have increased during this 2013-2015 time period. by $175. The average rental price in Grayhawk went up $133.