This week, we are going to take a look at the City of Tolleson Arizona Rental market and the numerous listings within this large area.
We will focus on Estrella Park, Tolleson, Arizona as the secondary market layer of this evaluation. Estrella Park is conveniently located near the I-10 freeway and 107th Avenue. This section of the I-10 freeway closely connects with the Loop 101 freeway making this subdivision a geographically desirable location.
All of our Tolleson Arizona rental market figures are taken from closed rental data from the Arizona MLS from 2013-2015.
We will focus on the rental homes that rented between January and December and break down the resulting rental data by year.The property data we will look at in this objective Tolleson rental market review and Estrella Park rental market price overview focuses on closed, unfurnished rental properties.
We will be referring to the chart below which breaks out the rental numbers for both the Tolleson rental market and more specifically Estrella Park.
In this data as opposed to our review of Glendale Arizona and Arrowhead Ranch Glendale Arizona last week, the number of available Tolleson rental properties declined steadily from 2013-2015 in both Estrella and in Tolleson, Also, the average days on market last year were less in Tolleson than Glendale the review we did last week.
In looking specifically at the data in Tolleson as compared to just Estrella Park, the average rent in Tolleson overall has increased each year whereas the rent in Estrella Park actually declined slightly in 2014 only to rebound nicely in 2015. Additionally, the average days on market for Estrella Park where higher than the average for all of Tolleson except for last year.
If you would like the sub division of your Phoenix rental property compared against the main numbers of that city please contact us at info@rpmwvphx.com or 623-748-7800 and one of our analysts would be happy to work with you.
