VILLAGIO at TEMPE Condos posts 4% price increase. Rental market keeps climbing up!

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Villagio at Tempe Condos market showed an increase close to 4% since May 2011 ( Click to view Villagio at Tempe Condos Showing signs of Stability. Rents still holding strong so far). The pending units on the market are showing signs of stability with Average price at $141,921 but I see these units once closed will fall into the price range of $124-132K.

Original Price

List Price

Sale Price

CDOM

June

Median

$132,450

$124,700

$121,000

104

Average

$132,731

$124,736

$123,944

195

July

Median

$120,000

$120,000

$120,000

34

Average

$139,089

$125,503

$127,400

67

August

Median

$134,950

$124,900

$120,500

172

Average

$146,163

$129,900

$124,138

139

September

Median

$128,000

$130,000

$128,000

19

Average

$134,411

$133,522

$131,656

67

October

Median

$121,500

$121,500

$122,750

73

Average

$123,667

$122,333

$120,750

60

November

Median

$129,900

$129,900

$128,000

33

Average

$136,171

$135,329

$132,786

37

The rental market still increasing in Tempe Villagio complex. There was a huge projection that the rental market values will increase this year 10%. Tempe Villagio complex has actually surpassed that already back in January 2011 the Average/Median was at $1,150/$1,185, at the end of November they numbers increased to $1,385/$1327 – Click to view (Click to View VILLAGIO at TEMPE Condos showing signs of stability. Rents still holding strong so far!).

I have to admit I did not expect an increase this high. I can understand why the increase because this is where many college students go to rent out.  This place is almost like living in a dorm but with privacy, parking, and no RA around to tell you what you can and cannot do. The pool is a huge attraction located as you enter the gates and that brings many in the complex together.

Original Price

List Price

Sale Price

CDOM

June

Median

$1,150

$1,100

$1,100

20

Average

$1,257

$1,249

$1,217

24

July

Median

$1,195

$1,195

$1,195

35

Average

$1,376

$1,370

$1,374

32

August

Median

$1,195

$1,195

$1,195

7

Average

$1,415

$1,409

$1,419

13

September

Median

$1,273

$1,273

$1,273

13

Average

$1,286

$1,299

$1,299

21

October

None

November

Median

$1,450

$1,385

$1,385

66

Average

$1,450

$1,357

$1,327

61

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One thought on “VILLAGIO at TEMPE Condos posts 4% price increase. Rental market keeps climbing up!

  1. Pingback: Wow Villagio at Tempe posts 12% increase in Prices for beginning year 2012 – Shooting out the Gate! « Tempe Real Estate Blog

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