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Jun/09

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Gilbert Homes next to ASU Polytechnic campus | Courtyard Homes

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Author: Daniel Reynolds (460 Articles)

Courtyard Homes have no backyards and are closely spaced.Southeast Gilbert has grown quite a bit with several new home builders expanding in the area.

Most homes around ASU Polytechnic campus average 260k. This area has predominantly been an ideal market for rental properties. 70% of our rental business is done in this area. Most renters are requesting this area because the rentals offered are fairly new and have more square footage for the lease price. Our average tenant looking for a home in this area are able to lease between $1200-2200 per month.

Our average tenant signs a lease for 18 months for a reduced rent of $100.00 per month. This is negotiable but this seems to be the accepted practice for this area.

Most new home builders for Gilbert are building homes on a 4500 sqft lot for homes under 200k. This type of homes has no backyard but shares a courtyard with other neighbors. This type of property has flooded the rental market for Southeast Gilbert area and is not in high demand for renters. 95% our clients request that homes have a backyard. So if you’re an investor seeking to buy one of these homes, please be advised this type of home can sit on the market for months before being leased.

The easiest way to notice a courtyard home is space between each home average less than 10 feet. Most courtyard homes in Gilbert have the garage facing towards the rear of the home, while the front of the home faces towards the green grassed courtyard. For those not looking for the maintenance of a backyard, a courtyard home is the ideal pick. If you would like more information on buying a home in Gilbert, please use our Gilbert Home Search or contact us.

Seville Homes in Gilbert


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