Prosper, Texas homes for lease: Only 7 available homes

Right now is the leanest the residential leasing market has been all year in Prosper, Texas.  There are only seven (7) homes available for rent.  The rentals range from $1195 per month to $5500 per month.  The majority of the homes are over 3,000 square feet of living space, and built after 2003.  Two of the seven are sitting on 1.5 acres.  All seven are in the renowned Prosper school district.  Three of the homes are also offered for sale.  And, one isn't currently in the MLS system. 

By comparison, we've had an excellent year, so far, of matching landlords and tenants in Prosper, Texas.  We've leased 30 homes, ranging in rental rates from $975 per month to $7,000 per month.  We've leased starter homes, luxury properties, acreage estates, and homes ranging in year-built from the 1960's to 2009.

If your Prosper home hasn't sold, it's an excellent time to discuss whether leasing may be the right option for you.  Sometimes, a home just doesn't get selected for purchase, because the buyer pool is just too small to make a match.  That hasn't been the biggest factor in Prosper this year.  In more cases than not, the tighter lending restrictions are the culprit.  Or, the home may sit in a partially finished neighborhood, where the builder is your biggest competition for every buyer.  We're Prosper, Texas.  We're in demand.  So, if a home isn't getting showings, there is usually a very valid reason and it's pretty easy for a trained eye to detect. 

Many of our leases are still taking tenants in under 2-4 weeks.  So, a home that needs to be occupied quickly can usually convert to sale-or-lease on their listing and become a rented home in around a month.  If you live locally, you've seen it happen time and again this year, in every Prosper neighborhood.  You've also witnessed a great many new home starts, and the sale of more than 160 resale and spec homes in 2010.

We're enjoying the last of our Summer days and looking forward to cooler weather and lower humidity as the last of tropical storm Hermine has now cleared out of Texas.  Have a blessed day.

Ronda