Phoenix Arizona Single Family Rent Check for March

Posted on March 27, 2012 | Leave a comment

Canadian Investors Buy into Phoenix, Arizona Single Family Home Heated Leasing Market

Phoenix Arizona (AZ) Single Family Rent Check

Click the icon to view March Single Family Rent Check Report

Phoenix, AZ Valley’s residential single family leasing market’s Rent Check Quotient (RCQ) derived by dividing the # of leases by the # of closed sales as reported in March by ARMLS STAT shows a 42% RCQ.

Most homes will have multiple offers now within the first 48 hours of being listed. Low supply has driven up prices. Often Arizona resident financed buyers are beaten out by the ‘CASH is KING’ Canadian US real estate investors. According to S&P/Case-Schiller Home Price Indices; Phoenix experienced a .8% increase from Dec. 2011 to Jan. 2012 in Phoenix which was one of two cities in the US to report an increase. The other city was Miami, Florida.

I work with investors from all over the World including Canada that are primarily interested in the Phoenix-Metro Southeast Valley areas;

The Southeast Valley areas–primarily Chandler, Mesa, Gilbert and Tempe yield on average higher monthly rents and provide quality renters that are looking for easy access to freeway systems for easy commutes to/from work, good school districts and well established neighborhoods.

For the month of Feb, 2012 there were 3,073 closed single family rental units up 18.4% from Feb. 2011 as a result of investor sales turned rentals.

→ Leave a comment

Posted in Arizona Real Estate Investments, Arizona US Investment Real Estate, Canada investors buying real estate in Arizona

Tagged Arizona, Arizona US Investment Properties, AZ, Canadian Investors, estate, homes, Investment, real, Rental Invesgtments, US

AZ (Maricopa County) Trustee Sale Report for Sept. 2011

The Arizona Trustee Sale Report for Maricopa County will be posted here on a routine basis so be sure to check back regularly or subscribe to this blog’s RSS feed.

This AZ Trustee Sale Report contains valuable information including;

Number of Trustee Sales per day
How many were either cancelled, sold to a Third Party or went back to the bank
Trustee Sales by Zip Code
Pending Notices and Trustee Deeds Trends

The Third Party AZ real estate wholesale investors are either holding as rentals or doing a ‘fix and flip’ to FHA end buyers and typically purchasing the AZ wholesale real estate at the trustee sale up to 30% below retail market value.

The Trustee Sales Report will show AZ trustee sales are down considerably from 2010 in most months almost by half from the previous year. Inventory overall in Arizona is also considerably lower with 3.33 months of inventory for September 2011 which is slightly less than half compared to the 6.77 months of inventory in Septemer 2010.

Low inventory is driving up competition among investors and end buyers alike where most listings are receiving multiple offers within days of being listed. HUD homes rarely are available past the initial 10 day exclusive period to owner-occupied buyers and regular sales such as the newly renovated ‘fix and flips’ from wholesale investors (which offers end buyers quick Seller response times and move-in ready, low out-of-pocket options) are selling many times within days of the trustee sale.

follow link for report: AZ (Maricopa County) Real Estate Monthly Trustee Sale Info–September 2011

**Report courtesy of First American Title