It's a comforting feeling to move into the holidays with fully rented apartments given that the holidays are not a popular time to move. Whether or not the two are correlated, there are often lots of discounts on vacations and flights during October.
First let's note that there are currently 60 homes and apartments currently available and there were 24 leased in the past month. I will demonstrate the leased properties first.
Leased Properties
First let's note that there are currently 60 homes and apartments currently available and there were 24 leased in the past month. I will demonstrate the leased properties first.
Leased Properties
Days on market
Average: 51.25
Median: 23 days
High: 246
Low: 0
Price
Average: $3949
Median: $3500
High: $8900
Low: $2250
Currently Available Properties
Days on Market:
Average: 126
Median:60
High:903
Low: 0
Price
Average: $8534
Median: $4500
High: $100,000
Low: $2175
It's looking like it might be a little tough to analyze given that there is a currently active home for $100,000/month, which is more than 3 times the price of the next most expensive home. However, it does show that the median price of home that is currently available is about $1000 over the rate of what properties have already rented. Might be a good indicator that renters are looking for deals as opposed to the nicer property. More to come next week.
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