Eastvale CA Lease Market Report for the month of May 2016
I have been following Eastvale Ca market for quite a while. The trend is very positive for the rental market. Inventory is so low that some properties are being snatched up within the first week. As of today, there are only 25 houses available for lease for the entire city of Eastvale. Average asking price is at $2600 per month for a 3 bedroom about 2700 sqft of living space.
To show you just how active is the leasing market within the City of Eastvale, there was a total of 33 homes that were leased with an average of 21 days on the market. The average lease price was at $2600 per month.
The trend we are seeing is cash buyers buying homes and converting them to rentals. With limited inventory and increase demand, investors can lease their investments quickly and at a much higher rent that a few months ago.
Why is Eastvale CA growing in popularity?
Eastvale is a commuter's dream. Centrally located between the 4 major counties of Los Angeles, Riverside, Orange and San Bernardino. Buyers truly get the most bang for their buck in Eastvale CA. The community has grown from a dairy land in the year 2000 to over 60,000 in population as of 2016. Families who relocate here are searching for that luxurious house that provides the space, comfort and a place where their family can grow and thrive. Corona/Norco school is a well known acclaimed district recognized nationally for many outstanding achievements. Eastvale CA is a commuter town which prides itself on education, safety, pride and prosperity. With the recent announcement of Amazon's newest distribution center in Eastvale, it only accelerated our local real estate market.
Click here to see all the current available houses for lease in Eastvale CA.
Eastvale Team Realty is also a property management company, contact Sarah Oswald at 951-878-9180. She will show you the benefits of utilizing the services of a property management to give you the greatest return on your investment.
Eastvale CA Lease Market Report for the month of May 2016
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