Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Henderson: Legacy Condo

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

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.

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

 

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Comment balloon 5 commentsRenée Burrows • December 10 2011 04:21PM
Las Vegas NV Area Rental Home Market Report October 2011 (includes…
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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