Multiple Listing Service

of Southern Arizona Monthly Statistics January 2016

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.

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

Total Active listings for January were 614.

The number of properties rented this month was 290.

The Average monthly rent for Apartments was $550.

The Average monthly rent for Condominiums was $856.

The Average monthly rent for Mobile Homes was $687.

The Average monthly rent for Manufactured Single Family

Residence’s was $0.

The Average monthly rent for Patio Homes was $1,625.

The Average monthly rent for Plex’s was $628.

The Average monthly rent for Single Family Residence’s was $1,239.

The Average monthly rent for Townhomes was $958.

Average Days on Market was 48.

Cathy Erchull 2016 MLSSAZ President

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®.

For Immediate

Release:

February 9, 2016 CONTACT: Cathy Erchull MLSSAZ President (520) 444-6546 Sean Murphy Executive Vice President (520) 382-8792 Marc Lebowitz, RCE, CAE CEO, MLSSAZ (520) 327-4218

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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 2016 Multiple Listing Service of Southern Arizona www.tarmls.com · www.tucsonrealtors.org

Rentals - Unfurnished Only

Active Listings January 2016 – 614

Rented During January 2016 - 290

186

45

75

19

132

25

42

18

35

0 4

29

1 3

0

20

40

60

80

100

120

140

160

180

200

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

75

25 28

8

70

12

38

6

11

0 0

17

0 0 0

10

20

30

40

50

60

70

80

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

2

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 2016 Multiple Listing Service of Southern Arizona www.tarmls.com · www.tucsonrealtors.org

Rented Listings for January 2016

Avg Rent for Apartments January 2016

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

APT 550 0 0 0 0 0 0 0 0 0 0 0 0 0

CND 695 725 953 795 1011 0 0 0 700 0 0 0 0 0

MH 0 0 0 0 525 0 0 850 0 0 0 0 0 0

MSFR 0 0 0 0 0 0 0 0 0 0 0 0 0 0

PAT 0 850 2050 0 1550 0 0 0 0 0 0 0 0 0

PLEX 616 950 0 0 0 0 0 0 0 0 0 0 0 0

SFR 1139 1114 1812 1648 1269 1063 1189 914 1176 0 0 1127 0 0

TH 883 946 1085 725 1177 0 973 0 0 0 0 0 0 0

0

500

1000

1500

2000

2500

Average Rent Amount

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

0

100

200

300

400

500

600

700

800Avg Rent for Apartments

Area # of Listings

C 75

E 25

N 28

NE 8

NW 70

S 12

SE 38

SW 6

W 11

XNE 0

XNW 0

XS 17

XSW 0

XW 0

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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 2016 Multiple Listing Service of Southern Arizona www.tarmls.com · www.tucsonrealtors.org

Avg Rent for Condos January 2016

Avg Rent for Mobile Homes January 2016

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

0

100

200

300

400

500

600

700

800

900

1,000

0

200

400

600

800

1,000

1,200Avg Rent for Condos

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

200

400

600

800

1,000

1,200Avg Rent for Mobile Homes

4

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 2016 Multiple Listing Service of Southern Arizona www.tarmls.com · www.tucsonrealtors.org

Avg Rent for MSFR January 2016

Avg Rent for Patio Homes January 2016

Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

2011 0 0 0 0 0 0 0 950 775 775 808 781

2012 724 842 736 825 616 846 848 600 825 887 825 598

2013 831 825 796 962 831 784 804 838 877 786 733 785

2014 840 500 825 670 837 815 866 800 708 700 785 737

2015 0 792 855 600 850 902 915 662 815 839 1,016 768

2016 0

0

200

400

600

800

1,000

1,200Avg Rent Manufactured Single Family Residence

Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

2011 0 1,012 850 983 1,148 1,098 1,069 1,150 1,400 1,237 0 725

2012 1,250 936 895 1,091 1,186 1,193 1,250 1,296 1,113 1,475 980 1,435

2013 1,350 1,000 1,110 725 0 1,050 1,331 1,170 1,325 1,383 1,072 700

2014 0 976 1,088 867 1,052 0 926 1,287 1,000 1,350 975 975

2015 1,375 0 1,243 1,020 922 1,522 1,200 1,098 0 1,375 950 0

2016 1,625

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

0

200

400

600

800

1,000

1,200

1,400

1,600Avg Rent for Patio Homes

5

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 2016 Multiple Listing Service of Southern Arizona www.tarmls.com · www.tucsonrealtors.org

Avg Rent for Multiplex Homes January 2016

Avg Rent for SFR Homes January 2016

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

0

100

200

300

400

500

600

700

800

900

520

540

560

580

600

620

640

660

680Avg Rent for Plex

Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

2011 1,188 1,084 1,999 1,190 1,308 1,296 1,288 1,250 1,309 1,152 1,178 1,259

2012 1,188 1,186 1,187 1,229 1,202 1,244 1,284 1,304 1,268 1,239 1,168 1,210

2013 1,170 1,143 1,188 1,210 1,197 1,262 1,254 1,262 1,226 1,203 1,184 1,154

2014 1,217 1,166 1,171 1,212 1,207 1,253 1,276 1,264 1,184 1,193 1,142 1,177

2015 1,198 1,176 1,168 1,207 1,227 1,258 1,265 1,293 1,250 1,238 1,291 1,252

2016 1,239

1,050

1,100

1,150

1,200

1,250

1,300

1,350

0

500

1,000

1,500

2,000

2,500Avg Rent for Single Family Residence

6

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 2016 Multiple Listing Service of Southern Arizona www.tarmls.com · www.tucsonrealtors.org

Avg Rent for Townhomes – January 2016

Average Days on Market/Listing

Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

2011 885 940 1,040 953 938 944 931 991 1,047 1,016 962 1,015

2012 966 898 977 984 917 976 1,017 999 952 904 937 942

2013 929 895 894 917 949 887 1,030 1,003 935 944 894 896

2014 878 956 1,086 969 1,008 958 948 981 949 1,059 969 907

2015 936 972 926 1,028 949 964 956 938 920 961 1,015 979

2016 958

0

200

400

600

800

1,000

1,200

800

850

900

950

1,000

1,050

1,100Avg Rent forTownhomes

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

Area Avg. DOM

C 51

E 37

N 60

NE 60

NW 40

S 37

SE 52

SW 34

W 69

XNE 0

XNW 0

XS 41

XSW 0

XW 0

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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 2016 Multiple Listing Service of Southern Arizona www.tarmls.com · www.tucsonrealtors.org

Average Single Family price per # of bedrooms – January 2016

Average Attached Home price per # of bedrooms – January 2016

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

1 bedroom 640 895 0 0 0 0 0 0 0 0 0 0 0 0

2 bedrooms 1,035 0 1,295 0 1,098 0 0 0 1,000 0 0 0 0 0

3 bedrooms 1,085 1,116 1,585 1,648 1,197 978 1,158 914 1,206 0 0 1,041 0 0

4 bedrooms 1,435 1,181 2,325 1,650 1,327 1,125 1,223 0 1,172 0 0 1,225 0 0

5+ bedrooms 2,000 0 0 0 1,963 0 1,400 0 0 0 0 1,408 0 0

0

500

1,000

1,500

2,000

2,500Avg Rent for Single Family Residence

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

1 bedroom 695 550 856 0 0 0 0 0 500 0 0 0 0 0

2 bedrooms 870 811 1041 760 1245 0 695 0 0 0 0 0 0 0

3 bedrooms 910 0 1663 0 1033 0 775 0 900 0 0 0 0 0

4 bedrooms 0 995 0 0 1425 0 0 0 0 0 0 0 0 0

5+ bedrooms 0 0 0 0 0 0 1450 0 0 0 0 0 0 0

0

200

400

600

800

1000

1200

1400

1600

1800Avg Rent for Attached Home

8

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 2016 Multiple Listing Service of Southern Arizona www.tarmls.com · www.tucsonrealtors.org

Average 2-Plex & Apartment price per # of bedrooms – January 2016

Average Days on Market/Listing for January 2016 Breakdown

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

1 bedroom 508 0 0 0 0 0 0 0 0 0 0 0 0 0

2 bedrooms 639 0 0 0 0 0 0 0 0 0 0 0 0 0

3 bedrooms 0 950 0 0 0 0 0 0 0 0 0 0 0 0

4 bedrooms 0 0 0 0 0 0 0 0 0 0 0 0 0 0

5+ bedrooms 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0

100

200

300

400

500

600

700

800

900

1000Avg Rent for 2-Plex & Apt.

1-30 Days 134

46.2%

31-60 Days 78

26.9%

61-90 Days 37

12.8%

91-120 Days 20

6.9%

121-180 Days 17

5.9%

Over 180 Days 4

1.4%

9