Las Vegas NV Area Rental Home Market Report August 2012 (includes Henderson & North Las Vegas)

By
Real Estate Broker/Owner with Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate 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:

  • August 2012:  3409
  • July 2012:  2912
  • June 2012:  3007
  • May 2012:  2880
  • April 2012:  2590
  • March 2012:  3031
  • February 2012:  2835
  • January 2012:  2471
  • December 2011:  2114
  • November 2011:  2290
  • October 2011:  2399
  • September 2011: 2535
  • August 2011: 2750

Average Monthly Rental Rates:

  • August 2012:  $1323
  • July 2012:  $1491
  • June 2012:  $1222
  • May 2012:  $1235
  • April 2012:  $1299
  • March 2012:  $1621
  • February 2012:  $1347
  • January 2012:  $1447
  • December 2011:  $1307
  • November 2011:  $1328
  • October 2011:  $1355
  • September 2011: $1279
  • August 2011: $1422

Median Monthly Rental Rates:

  • August 2012:  $1095
  • July 2012:  $1100
  • June 2012:  $1100
  • May 2012:  $1100
  • April 2012:  $1095
  • March 2012:  $1095
  • February 2012:  $1080
  • January 2012:  $1095
  • December 2011:  $1095
  • November 2011:  $1095
  • October 2011:  $1100
  • September 2011: $1145
  • August 2011: $1125

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.

Typical Move in Costs for Renting a Las Vegas Home

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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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Topic:
Real Estate Market Trends
Location:
Nevada Clark County Las Vegas Morning Crest Estates
Groups:
Market Reports
City & State: Listings and Market Reports
Las Vegas Investors and Downtown Real Estate
Posts to Localism
Market Updates
Tags:
las vegas market report
las vegas rentals
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Comments 7 New Comment

Show All Comments
Rainmaker
1,230,602
Michelle Gibson
REALTOR
Hansen Real Estate Group Inc.

Renee - Since our markets are so similar I'm surprised at your rental market because we have a lack of rental inventory,  I'm assuming you have more investors than we do.

October 21, 2012 04:21 PM
Rainmaker
714,035
Jackie Connelly-Fornuff
Century 21 AA Lindenhurst NY
Long Island NY Real Estate Agent

We have very few rentals here. Tenants are finding apartments far and few between. Rents are going up here also.

October 21, 2012 06:31 PM
Rainmaker
967,191
Kevin B. Tolbert PA Team
New Home Construction and Luxury Specialist!
Keller Williams Realty of Port Saint Lucie

Even your rental market is under 2 months.  You guys are rocking it.

October 21, 2012 06:36 PM
Rainmaker
1,779,231
Gabe Sanders
Stuart Florida Real Estate
the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales

This was bound to happen, Renee.  Just happening a little quicker in your neck of the woods.

October 22, 2012 04:12 AM
Ambassador
1,441,001
Karen Kruschka
- "My Experience Isn't Expensive - It's PRICELESS"
RE/MAX Real Estate Connections

Renee  Your numbers tell me sellers are beginning to list - good news

October 22, 2012 06:02 AM
Rainmaker
234,648
Jenny Durling
For Los Angeles real estate help 213-215-4758
L.A. Property Solutions

Your market reports are even better now than when I first saw them.  Impressive!  it sure makes Vegas look like a great place to buy rental property. 

October 22, 2012 04:15 PM
Ambassador
1,471,143
Renée Burrows
Las Vegas Real Estate Broker - www.urLVhome.com
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate

Thanks all for the comments!

November 14, 2012 05:43 AM
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Renée Burrows

Las Vegas Real Estate Broker - www.urLVhome.com
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