Las Vegas October 2007 Rental Home Report

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

October 2007 saw a healthy jump in Las Vegas Rental Home units leased from September 2007 and up from one year ago also.  Average rents have decreased from one month, median rents stable as we saw inventory rise yet absorption remained healthy.

Units Leased:

  • October 2007:  1501
  • September 2007:  1387
  • October 2007:  1102

Average Monthly Rental Rates:

  • October 2007:  $1511
  • September 2007:  $1603
  • January 2007:  $1295
  • October 2006:  $1811 (irrational jump for one month) 

Median Monthly Rental Rates:

  • October 2007:  $1295
  • September 2007:  $1295
  • October 2006:  $1200
Absorption Rate is stable and remains a Landlord's Market at 2.8 months of inventory in the Rental Sector for the Las Vegas Valley.

Last Month's Report 

Posted by

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

 

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

Blog Disclaimer Important Notice

Realtor/MLS Member, NAR, NVAR, GLVARAccredited Buyer's RepresentativeSeller Representative SpecialistSenior Real Estate SpecialistAt Home with DiversityResort & Second Home Property SpecialistShort Sale Foreclosure Resource

 

 

 

Sell Las Vegas Home          Las Vegas Homes for Sale     Las Vegas Rental House

              

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Nevada Clark County
Tags:
las vegas nv real estate
las vegas rentals

Spam prevention
Show All Comments
Rainmaker
593,907
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate
Nice visuals...lots of green near me too:)
Nov 14, 2007 10:03 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
1,509,412

Renée Donohue~Home Photography

Western Michigan Real Estate Photographer
How May I Assist You With Your Las Vegas Real Estate Needs?
*
*
*
*
Spam prevention

Additional Information