rental price per sq ft-- landlord asking price vs. tenant leasing price

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dr surfdog_IHB

New member
i'm trying to distinguish what landlords are asking vs. what tenants are paying on a per sq ft basis for 2-3 bedroom condos, townhomes, and sfd's with garages.



I'm looking at a sample of 9 prospects ranging from about 1000 to 1600 sq ft and the per square foot asking prices range from $1.47 to $1.68.



Any hunches on what people are actually paying on new leases right now, on a per sq ft basis?



thanks!
 
[quote author="dr surfdog" date=1242335874]i'm trying to distinguish what landlords are asking vs. what tenants are paying on a per sq ft basis for 2-3 bedroom condos, townhomes, and sfd's with garages.



I'm looking at a sample of 9 prospects ranging from about 1000 to 1600 sq ft and the per square foot asking prices range from $1.47 to $1.68.



Any hunches on what people are actually paying on new leases right now, on a per sq ft basis?



thanks!</blockquote>


I have compiled a closing history with that information here: <strong><a href="http://www.irvinerealtorsite.com/IrvineLeases2008.xls">http://www.irvinerealtorsite.com/IrvineLeases2008.xls</a></strong>



It doesn't have garage info, but should be sufficient.



You can use this to find good comps, as well, to justify a price reduction if you feel your rent is too high (or too low if you're a landlord).



Good luck,

IrvineRealtor
 
[quote author="gypsyuma" date=1242344576]Besides Craiglist and www.realtor.com, where are good places to look to find rentals in Irvine?</blockquote>
Most MLS listings will be on realtor.com.



I also use homeseekers.com but they usually are the same as realtor.com with just variances on update times and photos.



Other than Craigslist for non-MLS listings... you probably just have to go old school and look in the newspaper.



Or... just fire up the IR2-signal and let him do the work.



EDIT: speling eror
 
[quote author="IrvineRealtor" date=1242336334][quote author="dr surfdog" date=1242335874]i'm trying to distinguish what landlords are asking vs. what tenants are paying on a per sq ft basis for 2-3 bedroom condos, townhomes, and sfd's with garages.



I'm looking at a sample of 9 prospects ranging from about 1000 to 1600 sq ft and the per square foot asking prices range from $1.47 to $1.68.



Any hunches on what people are actually paying on new leases right now, on a per sq ft basis?



thanks!</blockquote>


I have compiled a closing history with that information here: <strong><a href="http://www.irvinerealtorsite.com/IrvineLeases2008.xls">http://www.irvinerealtorsite.com/IrvineLeases2008.xls</a></strong>



It doesn't have garage info, but should be sufficient.



You can use this to find good comps, as well, to justify a price reduction if you feel your rent is too high (or too low if you're a landlord).



Good luck,

IrvineRealtor</blockquote>


Would you stop being data driven, as a realtor you should only go with your guts.
 
[quote author="Roo" date=1242354167][quote author="IrvineRealtor" date=1242336334][quote author="dr surfdog" date=1242335874]i'm trying to distinguish what landlords are asking vs. what tenants are paying on a per sq ft basis for 2-3 bedroom condos, townhomes, and sfd's with garages.



I'm looking at a sample of 9 prospects ranging from about 1000 to 1600 sq ft and the per square foot asking prices range from $1.47 to $1.68.



Any hunches on what people are actually paying on new leases right now, on a per sq ft basis?



thanks!</blockquote>


I have compiled a closing history with that information here: <strong><a href="http://www.irvinerealtorsite.com/IrvineLeases2008.xls">http://www.irvinerealtorsite.com/IrvineLeases2008.xls</a></strong>



It doesn't have garage info, but should be sufficient.



You can use this to find good comps, as well, to justify a price reduction if you feel your rent is too high (or too low if you're a landlord).



Good luck,

IrvineRealtor</blockquote>


Would you stop being data driven, as a realtor you should only go with your guts.</blockquote>
Your guts or greed meter. haha The numbers are your friends. ;)
 
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