Shalimar Golf Club Redevelopment Plan Pulled: What It Means for Tempe Housing
A controversial redevelopment proposal for the former Shalimar Golf Club in Tempe has been withdrawn, but the story isn’t over yet. The Scottsdale-based developer under
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Our thorough screening, convenient payment options, and resident satisfaction adds up to a 99% rent collection rate.
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When a long-time property owner in Tempe, Arizona needed help transitioning from self-management, they were referred to our team by a retiring property manager. What we walked into is a situation many small landlords can relate to: solid assets, but deferred maintenance, city issues, and operational headaches stacking up.
Here’s how we approached the turnaround.
This is a common scenario. According to industry data, maintenance, tenant issues, and regulatory compliance are consistently among the top pain points for landlords.
We don’t wait. Day one is about control and visibility.
City violations can spiral quickly if ignored.
This step alone reduces legal exposure and protects long-term asset value.
The properties needed major work—but execution matters.
We also focused on value-add improvements:
These are small changes that directly impact leasing performance.
Cash flow problems don’t fix themselves.
Clear, consistent enforcement protects the asset and sets expectations for the rest of the tenant base.
Vacancy is where returns are won or lost.
Industry data shows that leasing efficiency and time-to-fill are critical drivers of performance—and one of the main ways professional management adds value.
This is what professional property management actually looks like:
Most landlords don’t fail because they picked bad properties. They struggle because they don’t have the time, systems, or team to execute.
These Tempe 4-plexes didn’t need a miracle. They needed structure, speed, and local expertise.
That’s the difference between owning rentals vs. running a high-performing rental business.
And that gap is exactly where Home Ladder’s professional property management creates value.
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If a Home Ladder resident does not fulfill the full term of the original lease agreement, we will find you a new tenant for free.
Our vendor network provides fast and friendly service for a fair price saving you money as an investor.
We will cover any damages up to $2000 caused by pets screened and approved by us.
We verify tenants purchase and maintain renters liability protection.
We provide timely responses to residents and swift action to resolve any maintenance issues.
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Since 2012, appreciation rates averaging 8-12% annually.
Focus on maximizing occupancy and rents while minimizing operational expenses.
Depreciation, mortgage interest, and property tax deductions + 1031 exchanges.
Rents and property values outpace inflation.
Borrowing allows you to control a larger asset with less capital.
A balanced retirement portfolio should include real estate.
A controversial redevelopment proposal for the former Shalimar Golf Club in Tempe has been withdrawn, but the story isn’t over yet. The Scottsdale-based developer under
June 2026 Tempe’s real estate market gained momentum in June as home prices returned to year-over-year growth and homes sold significantly faster than they did
A major multifamily project is moving forward in Tempe—and it’s a big one for the local rental market. Key Development Details Unit & Pricing Breakdown
After years of contraction, the Phoenix metro office market is finally stabilizing — and the Southeast Valley is leading the charge. Key Market Highlights Southeast
🏡 Sales Market Active Listings: 364 (-2.7% YoY)→ Inventory pulled back slightly after several months of growth, signaling a modest tightening in supply Median Sold
Here’s a clear look at what’s happening in Tempe as we kick off 2026. 🏡 Sales Market – More Listings, Slower Pace Inventory is building.
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Tempe’s real estate market gained momentum in June as home prices returned to year-over-year growth and homes sold significantly faster than they did last year. The rental market remained active despite a slight increase in inventory, with well-maintained properties continuing to attract tenants quickly. Overall, Tempe remains one of the strongest and most desirable markets in the Phoenix Metro area.
Inventory increased modestly compared to last year, providing buyers with additional options. Despite the increase in available homes, property values continued to appreciate, and homes sold nearly three weeks faster than they did a year ago. These trends point to continued buyer demand for well-priced homes in one of the Valley’s most sought-after communities.
Tempe’s rental market remains highly active. Rental inventory increased slightly from last year, but homes are leasing more quickly than they did in June 2025. While rental rates have softened compared to last year, continued demand from students, young professionals, and Arizona State University employees continues to support a healthy rental market.
Tempe continues to be one of the Valley’s most resilient real estate markets. Strong employment, proximity to Arizona State University, and a desirable urban lifestyle continue to drive demand from both buyers and renters. Home values have returned to year-over-year growth while homes are selling much faster than last year, demonstrating continued market strength. For rental property owners, demand remains healthy despite modest rent adjustments, making Tempe an attractive market for long-term real estate investment heading into the second half of 2026.
If you are a property owner in need of Tempe property management, give us a call.
Active Listings: 408 (-0.7% YoY)
→ Inventory is nearly identical to last year, providing buyers with a balanced selection of homes without creating excess supply.
Median Sold $/SF: $288.17 (-4.6% YoY)
→ Home prices remain below last year’s levels, reflecting continued affordability pressure and selective buyer behavior.
Average Days on Market: 46 (-6.1% YoY)
→ Homes are selling faster than they were a year ago, signaling improving buyer demand despite higher mortgage rates.
30-Year Mortgage Rate: 6.52%
→ Mortgage rates increased from April, continuing to challenge affordability for many buyers.
Active Listings: 251 (-6.3% YoY)
→ Rental inventory continues to tighten, giving renters fewer choices than they had a year ago.
Median Rented $/SF: $1.60 (-3.3% YoY)
→ Rent prices remain modestly below last year, although Tempe continues to command some of the highest rental rates in the Phoenix metro.
Median Days on Market: 40 (+17.6% YoY)
→ Rentals are taking longer to lease than last year, suggesting renters remain price-conscious despite tighter inventory.
Tempe continues to stand out as one of the Phoenix area’s strongest housing markets. While home prices remain modestly below last year, buyer activity has strengthened, with homes selling more quickly than they did a year ago despite higher mortgage rates. On the rental side, inventory continues to tighten while rents remain among the highest in the Valley. Although leasing has slowed slightly, demand remains healthy overall. Tempe’s combination of limited inventory, strong employment, and proximity to Arizona State University continues to support one of the metro’s most resilient real estate markets.
Active Listings: 373 (-9.5% YoY)
→ Inventory has tightened meaningfully compared to last year, giving buyers fewer options in one of the Valley’s more supply-constrained submarkets.
Median Sold $/SF: $288.28 (-3.9% YoY)
→ Home prices remain below last year, suggesting buyers are still showing some resistance at current price points despite tighter supply.
Average Days on Market: 56 (+33.3% YoY)
→ Homes are taking substantially longer to sell, indicating a much more cautious buyer pool than Tempe typically experiences.
30-Year Mortgage Rate: 6.35%
→ Mortgage rates improved from March, providing a modest affordability boost, though higher price points in Tempe continue to create pressure.
Active Listings: 249 (-3.9% YoY)
→ Rental inventory remains slightly below last year, keeping supply relatively balanced for renters.
Median Rented $/SF: $1.62 (-3.0% YoY)
→ Rental pricing remains below last year, though Tempe still commands some of the strongest rent-per-square-foot numbers in the Valley.
Median Days on Market: 39 (+6.8% YoY)
→ Rentals are taking slightly longer to lease than last year, suggesting renter demand has softened somewhat.
Tempe’s April market reflects a tighter but more cautious environment. On the sales side, inventory has contracted significantly, but longer selling timelines and softer pricing suggest buyers remain selective—likely due to Tempe’s higher price points and affordability pressures. The rental market remains comparatively healthy, with balanced inventory and strong rent levels, though softer pricing and slightly slower leasing suggest demand has cooled somewhat from peak conditions. Overall, Tempe remains one of the stronger Valley submarkets, but even here, affordability is shaping market behavior.