Las Vegas NV Area Rental Home Market Report October 2011 (includes Henderson & North Las Vegas)

By
Services for Real Estate Pros with Savvy Home Pix 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:

  • October 2011:  2399
  • September 2011: 2535
  • August 2011: 2750
  • July 2011: 2396
  • June 2011: 2485
  • May 2011: 2376
  • April 2011: 2342
  • March 2011: 2307
  • February 2011: 2253
  • January 2011: 2002
  • December 2010: 1889
  • November 2010: 1887
  • October 2010: 2119
  • September 2010: 2171

Average Monthly Rental Rates:

  • October 2011:  $1355
  • September 2011: $1279
  • August 2011: $1422
  • July 2011: $1434
  • June 2011: $1765
  • May 2011: $1257
  • April 2011: $1207
  • March 2011: $1497
  • February 2011: $1501
  • January 2011: $1449
  • December 2010: $1563
  • November 2010: $1184
  • October 2010: $1308
  • September 2010: $1480

Median Monthly Rental Rates:

  • October 2011:  $1100
  • September 2011: $1145
  • August 2011: $1125
  • July 2011: $1125
  • June 2011: $1150
  • May 2011: $1150
  • April 2011: $1100
  • March 2011: $1100
  • February 2011: $1100
  • January 2011: $1100
  • December 2010: $1100
  • November 2010: $1100
  • October 2010: $1150
  • September 2010: $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.

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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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Rainmaker
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Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

Renee -

It's truly hard to imagine that LV could still be a landlord's rentel market after all the fall-out form the boom/bust.

Good for you guys.

Dec 10, 2011 09:35 AM #1
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Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Renee  If I don't get by this way before now and then Arthur and I wish you and your family a Merry Christmas

Dec 10, 2011 10:40 AM #2
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Jim:  People who get foreclosed on need housing still.  Our unemployment has also improved a smidge which has helped our incoming resident numbers at the same time.  Prices have softened to get the homes rented!

Karen - THANK YOU SO MUCH :)

Dec 10, 2011 12:00 PM #3
Rainmaker
921,539
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Hi Renee - i see that your rental rates seem similar to ours here in Nashville, even though I don't really spend any time tracking ours, I do notice what the consumers should expect. For those who want to move to Vegas, this will help them determine tha affordability comparison on buyings vs renting.

Dec 11, 2011 02:09 AM #4
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you Larry!

Jan 11, 2012 11:43 PM #5
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