- Joined
- Jul 14, 2009
- Messages
- 28
The higher the `Estimated months of supply` the more difficult it will be to rent the property. Trends show
rentals closer to Phoenix are stronger with outlying areas weaker. Many outlying areas are saturated and are
offering rental incentives. Last year rental rates in Scottsdale increased $38.00 with this year`s gain $1.00.
Overall, rents are $3.00 lower across the board with average vacancy rates up from 4% to 9% year to year.
The West Valley has over 900 units for rent in the Tolleson, Surprise, and Buckeye areas.
Median Rents for Greater Phoenix (26 cities)
Source: ARMLS (MLS) October 2011
/raduploads/images/median%20rent%20chart.png
Prepared by Fletcher Wilcox 602.648.1230
Grand Canyon title Agency, Inc.
[email protected]
rentals closer to Phoenix are stronger with outlying areas weaker. Many outlying areas are saturated and are
offering rental incentives. Last year rental rates in Scottsdale increased $38.00 with this year`s gain $1.00.
Overall, rents are $3.00 lower across the board with average vacancy rates up from 4% to 9% year to year.
The West Valley has over 900 units for rent in the Tolleson, Surprise, and Buckeye areas.
Median Rents for Greater Phoenix (26 cities)
Source: ARMLS (MLS) October 2011
/raduploads/images/median%20rent%20chart.png
Prepared by Fletcher Wilcox 602.648.1230
Grand Canyon title Agency, Inc.
[email protected]
