Las Vegas NV April 2010 Rental Home Market Report

By
Services for Real Estate Pros with Savvy Home Pix B.1000860.LLC

Las Vegas Area Homes for Rent

Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here.  This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting.  More homes available for rent (higher supply) and less renters (lower demand.) 

Units Leased:

  • April 2010:  2210
  • March 2010:  2269
  • February 2010:  2100
  • January 2010 1784
  • December 2009:  1713
  • November 2009:  1691
  • October 2009:  2015
  • September 2009:  1849
  • August 2009:  2011
  • July 2009:  2029
  • June 2009:  1853
  • May 2009:  1760

 Average Monthly Rental Rates:

  • April 2010:  $1413
  • March 2010:  $1193
  • February 2010:  $1731
  • January 2010:  $1582
  • December 1009:  $1313
  • November 2009:  $1313
  • October 2009:  $1264
  • September 2009:  $1477
  • August 2009:  $1255
  • July 2009:  $1405
  • June 2009:  $1299
  • May 2009:  $1348

Median Monthly Rental Rates:

  • April 2010:  $1100
  • March 2010:  $1100
  • February 2010:  $1100
  • January 2010:  $1100
  • December 2009:  $1100
  • November 2009:  $1100
  • October 2009:  $1125
  • September 2009:  $1150
  • August 2009:  $1150
  • July 2009:  $1195
  • June 2009:  $1195
  • May 2009:  $1200

Las Vegas Area remains a Landlord's Market in the Rental Sector for the Las Vegas Valley. 

How to check to see if the home you are renting is in default

Last Month's Report 

If you own a home that needs to be rented out and would like to have a full time, licensed and permitted property manager contact you please fill out this form or call 702-966-2494 and press option 0

Posted by

Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Ambassador
994,761
Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

Renee - excellent market report, and I am sure that many landlords are taking advantage of this market to rent out the properties.

Jun 02, 2010 04:46 AM #1
Rainmaker
1,333,948
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - Great Las Vegas NV market report for rentals.  A ton of our renter's have become buyer's as well.

Jun 02, 2010 09:31 AM #2
Rainmaker
1,924,738
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

If one wanted to rent a home in a cool city Las Vegas would be it.

Jun 02, 2010 09:59 AM #3
Ambassador
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Sharon:  Yes they are!

Michelle:  THat is awesome news!

Tom:  HAHA!

Jun 08, 2010 11:27 AM #4
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