Las Vegas NV Area Rental Market Report for Feb 2011 (includes Henderson & North Las Vegas)

Reblogger
Mortgage and Lending with All Western Mortgage Broker # 14210

Las Vegas investors that are buying 30% of all home closings, should be aware that for at least in the near future what you expect to get in rental income may not be there. Renee Burrows points out in this article with the the high uemployment rate and large inventory of rental properties rental prices are seeing preasure toward lower prices.

Original content by Renée Donohue~Home Photography B.1000860.LLC

Las Vegas Homes for Rent

Las Vegas 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:

  • February 2011:  2253
  • January 2011:  2002
  • December 2010:  1889
  • November 2010:  1887
  • October 2010:  2119
  • September 2010:  2171
  • August 2010:  2300
  • July 2010:  2106
  • June 2010:  2214
  • May 2010:  2049
  • April 2010:  2210
  • March 2010:  2269
  • February 2010:  2100
  • January 2010 1784
  • December 2009:  1713

 Average Monthly Rental Rates:

  • February 2011:  $1501
  • January 2011:  $1449
  • December 2010:  $1563
  • November 2010:  $1184
  • October 2010:  $1308
  • September 2010:  $1484
  • August 2010:  $1459
  • July 2010:  $1425
  • June 2010:  $1410
  • May 2010:  $1254
  • April 2010:  $1413
  • March 2010:  $1193
  • February 2010:  $1731
  • January 2010:  $1582
  • December 1009:  $1313

Median Monthly Rental Rates:

  • February 2011:  $1100
  • January 2011:  $1100
  • December 2010:  $1100
  • November 2010:  $1100
  • October 2010:  $1150
  • September 2010:  $1100
  • August 2010:  $1150
  • July 2010:  $1100
  • June 2010:  $1100
  • May 2010:  $1150
  • April 2010:  $1100
  • March 2010:  $1100
  • February 2010:  $1100
  • January 2010:  $1100
  • December 2009:  $1100

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 Las Vegas Area Rental Home Report

How to Rent a Home in Las Vegas - Fill Out the Form on this page to rent or ask for property management services.

Search for Rental Homes:

Posted by

         Kenny Salame                                                                                                  Equal Housing

Kenny Salame
Senior Loan Officer
All Western Mortgage Inc.
8345 W. Sunset Rd.
Suite 380
Las Vegas, NV, 89113
US                            
Mobile: 702--506-3301
Direct: 702-947-0609
Office: 702-369-0905
Fax: 702-952-0887
ksalame@allwesterm.com
 
 
 
 
 
 

Comments (0)