Monthly Rental Statistics - Tucson Association of REALTORS®

[Pages:9]For Immediate Release: May 8, 2017

CONTACT:

Henry Zipf MLSSAZ President (520) 444-5672

Sean Murphy Executive Vice President (520) 382-8792

Multiple Listing Service of Southern Arizona

Monthly Statistics April 2017

The Rental Statistics summarize the active inventory, rented inventory, and days on market for each rental property type. Below are some highlights from the April Rental Statistics:

Total Active listings for April were 442. The number of properties rented this month was 235.

The Average monthly rent for Apartments was $450.

The Average monthly rent for Condominiums was $877.

The Average monthly rent for Mobile Homes was $0.

The Average monthly rent for Manufactured Single Family Residence's was $0.

The Average monthly rent for Patio Homes was $1,312.

The Average monthly rent for Plex's was $625.

The Average monthly rent for Single Family Residence's was $1,296.

Lifestyle Opportunities: No matter what area or type of home you are interested in, you have a variety of options. Financial: Multiple financing opportunities are available Talk to a REALTOR?! With the complexity of a real estate transaction, you need a REALTOR?.

The Average monthly rent for Townhomes was $1,150. Average Days on Market was 30.

Henry Zipf 2017 MLSSAZ President

Pam Ruggeroli 2017 TAR President

The MLS of Southern Arizona is a wholly owned subsidiary of the Tucson Association of REALTORS?, dedicated to providing

a reliable real estate database for members and the public. The Association represents the interests of 5,400 professionals

in the real estate industry, and is affiliated with the National Association of REALTORS?. REALTOR? is a registered

collective membership mark which may only be used by professionals who are members and subscribe to its strict code of

ethics.

1

Rentals - Unfurnished Only

Active Listings April 2017 ? 442

180 168

160

140

120

100

93

80

73

60

40

19

20

20

12

0

C

E

N

NE

NW

S

17

16

8

13

0

2

1

0

SE

SW

W

XNE XNW XS

XSW XW

Rented During April 2017 - 235

70

58

60

54

50

40

30 30

20

18

12

13

10

0

C

E

N

NE

NW

S

26

12

5

7

0

0

0

0

SE

SW

W

XNE XNW XS

XSW XW

PLEASE NOTE: The data contained in this report is dynamic in nature and therefore subject to change and adjustment with the passage of time. These figures and charts are an approximation of the flow of business as observed through the Multiple Listing Service of Southern Arizona. This report does not represent all real estate activity in the area as it does not include unrepresented sales, commercial sales or a substantial portion of new home sales. Though the data and materials presented here are deemed to be substantially correct, neither the Tucson Association of REALTORS? nor the Multiple Listing Service of Southern Arizona guarantees, or is in any way responsible for its accuracy.

? Copyright 2017 Multiple Listing Service of Southern Arizona ? 2

Rented Listings for April 2017

Average Rent Amount

2000

1800

1600

1400

1200

1000

800

600

400

200

0

C

E

N

NE NW

S

SE SW W XNE XNW XS XSW XW

APT 450

0

0

0

0

0

0

0

0

0

0

0

0

0

CND 795 721 1005 695 975

0

0

0

425

0

0

0

0

0

MH

0

0

0

0

0

0

0

0

0

0

0

0

0

0

MSFR 0

0

0

0

0

0

0

0

0

0

0

0

0

0

PAT

0

0 1625 1000 0

0

0

0

0

0

0

0

0

0

PLEX 631

0

0

0

0

562

0

0

0

0

0

0

0

0

SFR 1009 1199 1852 1890 1384 1074 1269 1008 1229 0

0 1107 0

0

TH

918 1050 1548 1233 940 750 775

0

925

0

0

0

0

0

Area

C E N NE NW S SE SW W XNE XNW XS XSW XW

# of Listings

54 18 30 12 58 13 26 5 12 0 0 7 0 0

Avg Rent for Apartments April 2017

Avg Rent for Apartments

800

700

600

500

400

300

200

100

0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

2011 504

436

566

437

555

515

454

535

486

532

485

531

2012 575

463

600

674

510

548

625

512

512

725

466

541

2013 473

479

550

450

461

550

597

532

500

541

572

491

2014 600

650

547

550

435

457

463

469

450

571

430

433

2015 456

558

700

647

537

523

515

605

495

558

526

410

2016 550

725

656

490

491

558

543

545

553

531

532

610

2017 573

542

448

450

PLEASE NOTE: The data contained in this report is dynamic in nature and therefore subject to change and adjustment with the passage of time. These figures and charts are an approximation of the flow of business as observed through the Multiple Listing Service of Southern Arizona. This report does not represent all real estate activity in the area as it does not include unrepresented sales, commercial sales or a substantial portion of new home sales. Though the data and materials presented here are deemed to be substantially correct, neither the Tucson Association of REALTORS? nor the Multiple Listing Service of Southern Arizona guarantees, or is in any way responsible for its accuracy.

? Copyright 2017 Multiple Listing Service of Southern Arizona ? 3

Avg Rent for Condos April 2017

1,200

Avg Rent for Condos

1,000

800

600

400

200

0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

2011 857

1,073

844

814

868

959

873

854

783

867

831

817

2012 739

768

892

851

847

829

820

879

812

815

828

755

2013 784

824

935

751

832

874

745

848

873

833

769

806

2014 778

747

763

763

813

868

782

805

911

825

822

795

2015 821

794

799

855

793

829

863

915

834

817

774

857

2016 856

830

831

841

809

833

905

826

839

837

847

813

2017 888

861

873

877

Avg Rent for Mobile Homes April 2017

1,200

Avg Rent for Mobile Homes

1,000

800

600

400

200

0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

2011 671

630

612

621

664

687

660

824

714

485

637

562

2012 795

650

656

515

450

900

0

497

612

500

0

450

2013

0

0

607

795

562

1,050

750

0

450

700

650

700

2014 725

675

0

950

0

750

658

0

735

635

0

580

2015 495

692

0

850

700

750

695

0

350

0

0

0

2016 687

0

750

950

800

0

0

0

895

0

700

425

2017

0

0

637

0

PLEASE NOTE: The data contained in this report is dynamic in nature and therefore subject to change and adjustment with the passage of time. These figures and charts are an approximation of the flow of business as observed through the Multiple Listing Service of Southern Arizona. This report does not represent all real estate activity in the area as it does not include unrepresented sales, commercial sales or a substantial portion of new home sales. Though the data and materials presented here are deemed to be substantially correct, neither the Tucson Association of REALTORS? nor the Multiple Listing Service of Southern Arizona guarantees, or is in any way responsible for its accuracy.

? Copyright 2017 Multiple Listing Service of Southern Arizona ? 4

Avg Rent for MSFR April 2017

1,200

1,000

800

600

400

200

0

Jan

Feb

Mar

2011

0

0

0

2012 724

842

736

2013 831

825

796

2014 840

500

825

2015

0

792

855

2016

0

925

923

2017 1,000

883

945

Avg Rent Manufactured Single Family Residence

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

0

0

0

0

950

775

775

808

781

825

616

846

848

600

825

887

825

598

962

831

784

804

838

877

786

733

785

670

837

815

866

800

708

700

785

737

600

850

902

915

662

815

839

1,016

768

800

925

0

0

600

984

860

700

1,022

0

Avg Rent for Patio Homes April 2017

2,000 1,800 1,600 1,400 1,200 1,000

800 600 400 200

0

2011 2012 2013 2014 2015 2016 2017

Jan 0 1,250 1,350 0 1,375 1,625 1,500

Feb 1,012 936 1,000 976

0 1,715 1,261

Mar 850 895 1,110 1,088 1,243 995 675

Avg Rent for Patio Homes

Apr 983 1,091 725 867 1,020 1,322 1,312

May 1,148 1,186

0 1,052 922

0

Jun 1,098 1,193 1,050

0 1,522 1,825

Jul 1,069 1,250 1,331 926 1,200 1,260

Aug 1,150 1,296 1,170 1,287 1,098 1,085

Sept 1,400 1,113 1,325 1,000

0 1,192

Oct 1,237 1,475 1,383 1,350 1,375 1,600

Nov 0

980 1,072 975 950

0

Dec 725 1,435 700 975

0 1,150

PLEASE NOTE: The data contained in this report is dynamic in nature and therefore subject to change and adjustment with the passage of time. These figures and charts are an approximation of the flow of business as observed through the Multiple Listing Service of Southern Arizona. This report does not represent all real estate activity in the area as it does not include unrepresented sales, commercial sales or a substantial portion of new home sales. Though the data and materials presented here are deemed to be substantially correct, neither the Tucson Association of REALTORS? nor the Multiple Listing Service of Southern Arizona guarantees, or is in any way responsible for its accuracy.

? Copyright 2017 Multiple Listing Service of Southern Arizona ? 5

Avg Rent for Multiplex Homes April 2017

1,000

Avg Rent for Plex

900

800

700

600

500

400

300

200

100

0

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

2011 595

603

608

623

608

609

663

610

627

611

613

574

2012 629

582

576

590

697

599

636

675

619

631

599

573

2013 625

587

635

658

578

675

589

797

622

634

621

675

2014 625

602

615

651

617

634

660

701

639

649

613

576

2015 606

547

611

600

614

690

699

815

687

652

626

613

2016 628

945

647

617

714

665

721

774

621

615

625

683

2017 709

740

736

625

Avg Rent for SFR Homes April 2017

2,500

Avg Rent for Single Family Residence

2,000

1,500

1,000

500

0

2011 2012 2013 2014 2015 2016 2017

Jan 1,188 1,188 1,170 1,217 1,198 1,239 1,228

Feb 1,084 1,186 1,143 1,166 1,176 1,171 1,211

Mar 1,999 1,187 1,188 1,171 1,168 1,228 1,301

Apr 1,190 1,229 1,210 1,212 1,207 1,255 1,296

May 1,308 1,202 1,197 1,207 1,227 1,221

Jun 1,296 1,244 1,262 1,253 1,258 1,336

Jul 1,288 1,284 1,254 1,276 1,265 1,308

Aug 1,250 1,304 1,262 1,264 1,293 1,362

Sept 1,309 1,268 1,226 1,184 1,250 1,345

Oct 1,152 1,239 1,203 1,193 1,238 1,407

Nov 1,178 1,168 1,184 1,142 1,291 1,198

Dec 1,259 1,210 1,154 1,177 1,252 1,295

PLEASE NOTE: The data contained in this report is dynamic in nature and therefore subject to change and adjustment with the passage of time. These figures and charts are an approximation of the flow of business as observed through the Multiple Listing Service of Southern Arizona. This report does not represent all real estate activity in the area as it does not include unrepresented sales, commercial sales or a substantial portion of new home sales. Though the data and materials presented here are deemed to be substantially correct, neither the Tucson Association of REALTORS? nor the Multiple Listing Service of Southern Arizona guarantees, or is in any way responsible for its accuracy.

? Copyright 2017 Multiple Listing Service of Southern Arizona ? 6

Avg Rent for Townhomes ? April 2017

1,400

1,200

1,000

800

600

400

200

0

2011 2012 2013 2014 2015 2016 2017

Jan 885 966 929 878 936 958 1,101

Feb 940 898 895 956 972 973 1,040

Mar 1,040 977 894 1,086 926 985 1,033

Avg Rent forTownhomes

Apr

May

Jun

Jul

Aug

953

938

944

931

991

984

917

976

1,017

999

917

949

887

1,030

1,003

969

1,008

958

948

981

1,028

949

964

956

938

950

1,029

968

1,104

915

1,150

Sept 1,047 952 935 949 920 1,019

Oct 1,016 904 944 1,059 961 985

Nov 962 937 894 969 1,015 1,009

Dec 1,015 942 896 907 979 991

Average Days on Market/Listing

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2013 51 57 50 57 48 45 44 44 48 52 58 59 2014 60 56 55 51 47 44 40 43 47 55 58 62 2015 63 62 57 50 50 46 41 39 44 46 49 54 2016 48 44 45 36 36 33 32 32 38 38 40 45 2017 47 41 37 30

Area

C E N NE NW S SE SW W XNE XNW XS XSW XW

Avg. DOM

43 35 26 32 27 21 19 47 22 0 0 33 0 0

PLEASE NOTE: The data contained in this report is dynamic in nature and therefore subject to change and adjustment with the passage of time. These figures and charts are an approximation of the flow of business as observed through the Multiple Listing Service of Southern Arizona. This report does not represent all real estate activity in the area as it does not include unrepresented sales, commercial sales or a substantial portion of new home sales. Though the data and materials presented here are deemed to be substantially correct, neither the Tucson Association of REALTORS? nor the Multiple Listing Service of Southern Arizona guarantees, or is in any way responsible for its accuracy.

? Copyright 2017 Multiple Listing Service of Southern Arizona ? 7

Average Single Family price per # of bedrooms ? April 2017

Avg Rent for Single Family Residence

3,000

2,500

2,000

1,500

1,000

500

0

C

E

N

NE

NW

S

SE

SW

W

XNE

XNW

XS

XSW

XW

1 bedroom

626

0

0

0

0

0

0

0

0

0

0

0

0

0

2 bedrooms 969

0

1,695

0

1,153

700

0

0

1,070

0

0

0

0

0

3 bedrooms 1,116 1,171 1,730 1,897 1,319 1,016 1,195 1,012 1,117

0

0

1,083

0

0

4 bedrooms 1,322 1,350 1,995 1,888 1,611 1,258 1,420

995

1,521

0

0

1,250

0

0

5+ bedrooms 0

0

2,600

0

0

0

1,850

0

0

0

0

0

0

0

Average Attached Home price per # of bedrooms ? April 2017

Avg Rent for Attached Home

1600

1400

1200

1000

800

600

400

200

0

C

E

N

NE

NW

S

SE

SW

W

XNE

XNW

XS

XSW

XW

1 bedroom

575

650

731

0

0

0

675

0

425

0

0

0

0

0

2 bedrooms 853

836

1205

931

956

0

0

0

0

0

0

0

0

0

3 bedrooms 1050

775

1478

1300

925

0

875

0

925

0

0

0

0

0

4 bedrooms

0

0

0

0

0

750

0

0

0

0

0

0

0

0

5+ bedrooms 0

0

0

0

0

0

0

0

0

0

0

0

0

0

PLEASE NOTE: The data contained in this report is dynamic in nature and therefore subject to change and adjustment with the passage of time. These figures and charts are an approximation of the flow of business as observed through the Multiple Listing Service of Southern Arizona. This report does not represent all real estate activity in the area as it does not include unrepresented sales, commercial sales or a substantial portion of new home sales. Though the data and materials presented here are deemed to be substantially correct, neither the Tucson Association of REALTORS? nor the Multiple Listing Service of Southern Arizona guarantees, or is in any way responsible for its accuracy.

? Copyright 2017 Multiple Listing Service of Southern Arizona ? 8

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