Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Henderson: Cherry Hill

Las Vegas NV Area November 2009 Rental Home Market Report

Las Vegas Area Rental Homes

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:

  • November 2009:  1713
  • October 2009:  2015
  • September 2009:  1849
  • August 2009:  2011
  • July 2009:  2029
  • June 2009:  1853
  • May 2009:  1760
  • April 2009:  1677
  • March 2009:  1825
  • February 2009:  1702
  • January 2009:  1651
  • December 2008:  1390
  • November 2008:  1405
  • October 2008:  1707
  • September 2008:  1531

 Average Monthly Rental Rates:

  • November 2009:  $1313
  • October 2009:  $1264
  • September 2009:  $1477
  • August 2009:  $1255
  • July 2009:  $1405
  • June 2009:  $1299
  • May 2009:  $1348
  • April 2009:  $1348
  • March 2009:  $1365
  • February 2009:  $1419
  • January 2009:  $2083
  • December 2008:  $1594
  • November 2008:  $1506
  • October 2008:  $1393
  • September 2008:  $1610

Median Monthly Rental Rates:

  • November 2009:  $1100
  • October 2009:  $1125
  • September 2009:  $1150
  • August 2009:  $1150
  • July 2009:  $1195
  • June 2009:  $1195
  • May 2009:  $1200
  • April 2009:  $1200
  • March 2009:  $1200
  • February 2009:  $1200
  • January 2009:  $1200
  • December 2008:  No Data
  • November 2008:  $1250
  • October 2008:  $1245
  • September 2008:  $1250

Las Vegas Area remains a Landlord's Market at 3.1 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 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 7 commentsRenée Burrows • January 12 2010 03:16PM
Las Vegas NV Area November 2009 Rental Home Market Report
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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… more