PHOENIX (3TV/CBS 5) — Discovering a house to lease within the Valley could also be a bit simpler in comparison with this time final yr. A Valley-based realtor says the long-term rental market seems to be rising.
Based on Shelley Sakala with the Sakala Group Actual Property Group, as of Monday afternoon there have been practically 3,000 lively listings within the Valley. She says that’s an 18% improve from final month, and a 113% improve from the identical time final yr.
“You’re additionally going to see lots of people which can be you recognize, ready for the market to crash, which we’re not considering goes to be a crash in any respect,” Sakala mentioned. “However they’re sort of hanging round a few of these traders hoping it’ll crash hoping to choose up some properties after which they’re in flip going to show and use them as rental. So in that case it can create some extra leases for the realm.”
When it comes to pricing, Sakala says Paradise Valley and Scottsdale zip codes have the best common lease when trying over numbers from the final three months.
In the event you do need to lease, Sakala says discover a place that you just suppose you need to dwell. Take a look at it as you’re sort of exploring the realm. In the event you’re from out of state, she suggests attending to know what you actually like and determine the place you need to purchase.
“The extra houses obtainable, clearly, the decrease the costs are going to be,” she mentioned. “So my opinion… the outlook seems good from that standpoint, however we’re nonetheless an space that continues to have tons and plenty and plenty of individuals transferring right here each day. Maricopa county has practically 300 individuals or so, give or take.”
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