The rental market in Scottsdale and Paradise Valley is on fire recently. In part because many of the people who were foreclosed on or short sold their home after the market correction from 2006 need somewhere to live. Getting a mortgage again for them is either extremely difficult or impossible. Many are well qualified renters, they just got swept up in the fervor to buy homes at inflated prices in the run up to the crash.
The one area that hasn’t been as strong is luxury rentals. There rental properties may sit on the market for more days before finding a qualified tenant.
If you are searching for luxury rentals in either Scottsdale or Paradise Valley have a look at how many days the property has been on the market. If it is over 30 days the landlord may be inclined to accept an offer below current asking price.
Most Expensive Home For Rent in Scottsdale
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Paradise Valley Luxury Rentals
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