October 29, 2015 Leasing Data for Peninsula and Heights

Not surprising that the inventory of available properties has increased. However, it is somewhat surprising, the number of leased properties has increased in the last 10 days also. It could be that owners are becoming more negotiable as they come into the holidays. One of the unique standouts to me during this last 30 days, is that properties in the $5000-$10,000 range appeared to be rented. This might suggest that there is a reasonable demand for luxury rentals and or luxury rentals are being priced well.The leased properties also demonstrate that the entry price point of recently leased properties is about $2000/month. Although there were no 1 bedrooms or studios in the last 30 days, still an interesting indicator for the entry price point for the area.

Leased Properties
Days on Market:
Average: 66.7
Median: 38.5
High: 246
Low: 5


Price:
Average: $4248
Median: $3875
High: $8900
Low: $2250

Active Properties
Days on Market:
Average: 128.97
Median: 48
High: 913
Low: 1


Price:
Average: $6536. 06
Median: $4500
High: $30,000
Low: $1950