Archive for Property Management

ARMLS RENT Check™ – April, 2017

Friday, May 26th, 2017 azrealtycom No Comments »

For the month of April 2017, all RENT Check indicators showed great momentum comparing to previous month, March 2017. Median Lease: $1,350 – Healthily increased from $1,328 previous month. Average Lease: $1,546 – Aggressively increased from $1,470 just previous month. Avg. Days on Market: 27 – Decreased from 31 days of previous month. Rent Check Quotient™: 2 : 10 […]

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ARMLS RENT Check™ – March, 2017

Saturday, April 29th, 2017 azrealtycom No Comments »

For the month of March 2017, all RENT Check indicators showed great momentum comparing to  previous quarter, Dec 2016. Median Lease: $1,328 – Healthily increased 4.16% from $1,275 previous quarter. Average Lease: $1,470 – Slightly increased from $1,444 previous quarter. Avg. Days on Market: 31 – Decreased 16.22% from 37 days of previous quarter. Rent Check Quotient™: 3 : […]

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ARMLS RENT Check™ – Dec, 2016

Saturday, February 25th, 2017 azrealtycom No Comments »

For the month of Dec 2016, all RENT Check indicators showed low momentum during the closing month of 2016. This is not surprising yet we expect to see gains in all area starting 2017. Median Lease: $1,275 – Slightly decreased from $1,295 previous month. Average Lease: $1,444 – Slightly decreased from $1,464 previous month. Avg. […]

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ARMLS RENT Check™ – Nov, 2016

Wednesday, January 4th, 2017 azrealtycom No Comments »

For the month of Nov 2016, all RENT Check indicators turned to RED again. Yet it is normal during this season of the year. Now the numbers… Median Lease: $1,295 – Decreased from $1,300 previous month. Average Lease: $1,464 – Decreased from $1,476 previous month. Avg. Days on Market: 34 – Increased from previous 33 […]

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ARMLS RENT Check™ – Oct, 2016

Monday, November 14th, 2016 azrealtycom No Comments »

After all RENT Check indicators turned to RED last month, we got some good news for you as the down turn stopped at the median lease as well as month total number of closed rental. Both of them gained some positive ground in the month of Octover. In the meantime, the average lease just dropped […]

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Owning vs Renting

Friday, November 4th, 2016 azrealtycom No Comments »

Owning a home has great financial benefits. Because of this, more and more experts are growing concerned about the ramifications of a falling homeownership rate. Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. What […]

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Rental Market Review – Greater Phoenix Area

Wednesday, July 20th, 2016 azrealtycom No Comments »

Residential rental market in Greater Phoenix Area showed pretty strong activities for the 1st Half of 2016. Based on ARMLS Rent Check stats, all indicators are positive month-over-month. The summary of mid-year review is like — Median Lease: $1,375 – 10% increase vs $1,250 in Jan 2016 Average Lease: $1,568 – 13.7% increase vs $1,379 […]

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ARMLS RENT Check™ – June, 2016

Sunday, July 17th, 2016 azrealtycom No Comments »

Median Lease: $1,375 – Increased from $1,340 previous month. Average Lease: $1,568 – Increased from $1,505 previous month. Avg. Days on Market: 26 – Increased from previous 25 days. Rent Check Quotient™: 3 : 10 – Remain flat as 3 : 10 last month. Closed Rental: 2,382 – Increased from previous 2,290 homes. Rent Check […]

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ARMLS RENT Check™ – Mar, 2016

Saturday, April 16th, 2016 azrealtycom No Comments »

Median Lease: $1,300 – Increase from $1,250 previous month. Average Lease: $1,440 – Increase from $1,412 previous month. Avg. Days on Market: 26 – Decreased from previous 31 days. Rent Check Quotient™: 3 : 10 – Decreased from 2 : 5 last month. Closed Rental: 2,184 – Decreased from previous 2,351 homes. Rent Check Quotient™ […]

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Arizona Facts

Wednesday, April 6th, 2016 azrealtycom No Comments »

If you don’t know yet… Arizona is the 2nd Fastest Growing State in the US Phoenix is the 6th Largest City in the nation Greater Phoenix is the 12th Largest Metropolitan in the US Population of 4,489,101 per 2014 Census Bureau 24th Busiest Airport in the world 10th Busiest Airport in the United States Some […]

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