Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Henderson: Amber Ridge At Mission Hills

Las Vegas NV Area November 2008 Rental Home Report

Las Vegas Area Rental Homes

The rental sector has surprisingly remained stable throughout all this market turmoil!

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.

Units Leased:

  • November 2008:  1405
  • October 2008:  1707
  • September 2008:  1531
  • August 2008:  1719
  • July 2008:  1697
  • June 2008 1564
  • May 2008:  1554
  • April 2008:  1536
  • March 2008:  1531 
  • February 2008:  1632 
  • January 2008:  1500 
  • December 2007:  1156 

Average Monthly Rental Rates:

  • November 2008:  $1506
  • October 2008:  $1393
  • September 2008:  $1610
  • August 2008:  $1464
  • July 2008:  $1510
  • June 2008:  $1503
  • May 2008:  $1483
  • April 2008:  $1467
  • March 2008:  1342 
  • February 2008:  2788 
  • January 2008:  $1500 
  • December 2007:  $1531 

Median Monthly Rental Rates:

  • November 2008:  $1250
  • October 2008:  $1245
  • September 2008:  $1250
  • August 2008:  $1250
  • July 2008:  $1250
  • June 2008:  $1275
  • May 2008:  $1250
  • April 2008:  $1250
  • March 2008:  1200
  • February 2008:  1200 
  • January 2008:  $1200 
  • December 2007:  $1295 

Absorption Rate is stable from last month and remains a Landlord's Market at 3.5 months of inventory 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 would like to rent a home in the Las Vegas Area please call 702-966-2494 and press option 2 to speak with a rental specialist.

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.


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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Comment balloon 4 commentsRenée Donohue~Home Photography • December 31 2008 01:51PM
Las Vegas NV Area November 2008 Rental Home Report
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The rental sector has surprisingly remained stable throughout all this market turmoil! Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming… more