rental report - mid year 2010

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Coldwell Ban

Premier Rea

Developer

& Investme

Services

Market IQ

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Sales• Consulting

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&Investment Ser Market IQ

8290 W. Sahara Ave, S

Las Vegas, NV 89117

P: 702.938.137

F: 702.877.620

Las Vegas Valley

Residential Rental ReportFeb 2010 - July

www.lasvegashome



Average Single Family Lease Price – Las Vegas Valley Zip Codes – February 2010 through July 2010

Zip

Less than 1000

sq.ft 1000 to 1500 sq.ft 1500 to 2000 sq.ft 2000 to 2500 sq.ft 2500 to 3000 sq.ft

Greater than

3000 sq.ft

Average All

Sizes

89002 $1,069 $1,262 $1,506 $1,750 $2,055 $1,366

89005 $838 $1,157 $1,480 $1,925 $2,200 $2,417 $1,379

89009 $882 $1,041 $1,211 $1,654 $2,550 $2,410 $1,408

89011 $1,142 $1,371 $1,670 $1,862 $3,007 $1,61889012 $950 $1,151 $1,314 $1,574 $1,922 $2,243 $1,413

89014 $760 $1,049 $1,228 $1,388 $1,709 $2,115 $1,199

89015 $683 $853 $976 $1,250 $1,150 $851

89030 $850 $981 $1,114 $1,348 $1,553 $1,819 $1,132

89031 $760 $983 $1,113 $1,323 $1,385 $1,682 $1,082

89032 $990 $1,253 $1,424 $1,650 $2,144 $1,388

89044 $1,100 $1,409 $1,702 $2,068 $3,061 $1,735

89046 $875 $875

89048 $1,050 $1,146 $1,314 $1,562 $1,873 $2,420 $1,470

89052 $982 $1,102 $1,288 $1,467 $1,630 $1,182

89060 $981 $1,157 $1,405 $1,595 $1,919 $1,262

89061 $1,259 $1,418 $1,660 $1,830 $1,521

89074 $898 $1,081 $1,366 $1,478 $1,237

89081 $613 $806 $795 $1,500 $800

89084 $800 $990 $1,039 $1,536 $1,700 $2,733 $1,163

89085 $650 $1,011 $1,263 $1,459 $1,280 $1,254

89086 $740 $950 $1,058 $1,209 $1,800 $1,007

89101 $785 $887 $1,019 $2,200 $928

89102 $845 $934 $1,062 $1,000 $1,650 $2,438 $1,016

89103 $847 $954 $1,116 $1,323 $1,848 $1,800 $1,028

89104 $1,415 $1,675 $1,900 $4,200 $1,949

89106 $805 $956 $1,056 $1,248 $1,482 $1,849 $1,065

89107 $1,053 $1,204 $1,469 $1,860 $3,144 $1,494

89108 $757 $902 $1,054 $1,171 $1,461 $1,995 $994

89109 $1,076 $1,234 $1,477 $1,797 $3,150 $1,537

89110 965 1 020 1 184 1 523 2 500 1 115, , , , ,

89113 $925 $1,059 $1,181 $1,249 $1,350 $1,143

89115 $675 $935 $1,179 $1,383 $1,708 $2,517 $1,290

89117 $763 $991 $1,159 $1,379 $1,503 $2,600 $1,212

89118 $813 $958 $1,092 $1,344 $1,446 $1,735 $1,053

89119 $973 $1,093 $1,288 $1,507 $1,753 $2,373 $1,319

89120 $1,900 $1,900

89121 $1,195 $1,19589122 $875 $1,013 $1,234 $1,391 $2,004 $2,118 $1,254

89123 $1,023 $1,179 $1,389 $1,701 $2,065 $1,233

89125 $895 $1,061 $1,231 $1,471 $1,667 $2,318 $1,447

89128 $1,099 $1,296 $1,638 $1,979 $2,612 $1,380

89129 $1,048 $1,191 $1,427 $1,824 $2,038 $3,432 $1,845

89130 $1,207 $1,417 $1,773 $2,022 $2,616 $1,674

89131 $1,050 $1,030 $1,166 $1,360 $1,833 $2,389 $1,223

89134 $1,094 $1,220 $1,529 $1,632 $3,050 $1,567

89135 $750 $967 $1,121 $1,308 $1,738 $1,054

89138 $1,000 $1,026 $1,187 $1,434 $1,716 $1,815 $1,284

89139 $995 $1,155 $1,314 $1,613 $1,925 $2,807 $1,501

89141 $990 $1,001 $1,147 $1,474 $1,868 $4,223 $1,535

89142 $974 $1,175 $1,405 $1,613 $2,050 $1,312

89143 $823 $1,051 $1,210 $1,426 $1,763 $2,361 $1,293

89144 $995 $1,071 $1,205 $1,390 $1,751 $2,292 $1,342

89145 $994 $1,169 $1,410 $1,877 $2,602 $1,34589146 $713 $892 $1,042 $1,346 $966

89147 $965 $1,181 $1,561 $1,667 $2,600 $1,243

89148 $800 $1,140 $1,423 $2,132 $1,430

89149 $1,068 $1,244 $1,443 $1,657 $2,219 $1,447

89156 $1,095 $1,210 $1,520 $2,215 $1,407

89166 $800 $1,047 $1,258 $1,450 $1,684 $2,754 $1,317

89169 $913 $913

Average All Zip Codes $811 $1,025 $1,213 $1,475 $1,785 $2,588 $1,332

Source: GLVAR, Coldwell Banker Premier Realty.

Note 1: These figures are averages based on a sample of homes. Individual properties may vary greatly from the sample average.

Note 2: Although all facts, figures and projections have been obtained from sources deemed reliable and are believed to be correct, no guarantee

or liability is assumed by its author. This report is meant to assist in the analysis of real estate and is not intended to comprehensively analyze the

ramifications for an individual or company. With any real estate transaction, your personal tax and legal counsel should be contacted.



Average Single Family Lease Price/Sq.ft. – Las Vegas Valley Zip Codes – February 2010 through July 2010

Zip

Less than 1000


Greater than

3000 sq.ft

Average All

Sizes

89002 $0.83 $0.73 $0.67 $0.67 $0.58 $0.72

89005 $0.98 $0.89 $0.87 $0.84 $0.82 $0.66 $0.87

89011 $0.99 $0.81 $0.70 $0.75 $0.90 $0.69 $0.76

89012 $0.88 $0.81 $0.76 $0.70 $0.72 $0.8089014 $1.02 $0.88 $0.76 $0.71 $0.68 $0.67 $0.78

89015 $0.95 $0.83 $0.72 $0.63 $0.61 $0.56 $0.76

89030 $0.79 $0.69 $0.57 $0.57 $0.42 $0.68

89031 $0.89 $0.74 $0.65 $0.61 $0.57 $0.51 $0.67

89032 $0.83 $0.75 $0.65 $0.62 $0.52 $0.52 $0.69

89044 $0.77 $0.72 $0.66 $0.61 $0.62 $0.69

89052 $0.85 $0.81 $0.77 $0.76 $0.81 $0.80

89060 $0.54 $0.54

89074 $1.05 $0.88 $0.76 $0.71 $0.68 $0.70 $0.77

89081 $0.72 $0.64 $0.58 $0.53 $0.51 $0.62

89084 $0.76 $0.67 $0.63 $0.58 $0.51 $0.66

89085 $0.73 $0.64 $0.57 $0.56 $0.64

89086 $0.60 $0.63 $0.62 $0.53 $0.61

89101 $0.83 $0.66 $0.50 $0.68 $0.70

89102 $0.89 $0.79 $0.60 $0.69 $0.64 $0.68 $0.67

89103 $0.66 $0.82 $0.73 $0.66 $0.49 $0.72

89104 $1.05 $0.75 $0.65 $0.56 $0.64 $0.73

89106 $0.89 $0.70 $0.64 $0.55 $0.71

89107 $0.86 $0.73 $0.62 $0.46 $0.58 $0.65 $0.69

89108 $0.89 $0.75 $0.66 $0.61 $0.69 $0.60 $0.72

89109 $0.85 $0.69 $0.68 $0.57 $0.73

89110 $0.86 $0.77 $0.64 $0.58 $0.55 $0.47 $0.70

89113 $0.78 $0.73 $0.68 $0.70 $0.68 $0.73

89115 $0.82 $0.72 $0.62 $0.56 $0.50 $0.61 $0.67

89117 $0.82 $0.71 $0.68 $0.66 $0.76 $0.72

89118 $1.01 $0.74 $0.69 $0.67 $0.67 $0.73






89119 $0.95 $0.87 $0.70 $0.54 $0.50 $0.74

89120 $1.53 $0.72 $0.68 $0.63 $0.63 $0.62 $0.70

89121 $0.93 $0.77 $0.67 $0.60 $0.57 $0.72 $0.69

89122 $0.91 $0.72 $0.65 $0.62 $0.56 $0.46 $0.68

89123 $0.99 $0.82 $0.74 $0.69 $0.66 $0.66 $0.75

89125 $0.72 $0.72

89128 $0.91 $0.80 $0.73 $0.63 $0.74 $0.64 $0.7389129 $0.76 $0.70 $0.65 $0.62 $0.58 $0.71

89130 $0.79 $0.69 $0.65 $0.67 $0.59 $0.71

89131 $0.90 $0.81 $0.70 $0.66 $0.62 $0.64 $0.70

89134 $0.85 $0.76 $0.73 $0.75 $0.73 $0.79

89135 $1.07 $0.92 $0.82 $0.84 $0.74 $0.89 $0.84

89138 $0.90 $0.79 $0.79 $0.77 $0.80 $0.79

89139 $1.07 $0.76 $0.68 $0.62 $0.67 $0.60 $0.69

89141 $0.80 $0.70 $0.68 $0.60 $0.71 $0.70

89142 $1.00 $0.75 $0.67 $0.59 $0.69 $0.71

89143 $1.03 $0.76 $0.68 $0.64 $0.63 $0.58 $0.70

89144 $1.02 $0.92 $0.77 $0.73 $0.70 $0.81 $0.81

89145 $1.05 $0.80 $0.66 $0.69 $0.69 $0.87 $0.74

89146 $0.78 $0.71 $0.63 $0.58 $0.66 $0.68

89147 $0.95 $0.83 $0.71 $0.64 $0.66 $0.65 $0.73

89148 $1.02 $0.78 $0.70 $0.63 $0.64 $0.64 $0.69

89149 $0.75 $0.68 $0.64 $0.68 $0.68 $0.6989156 $0.80 $0.69 $0.63 $0.62 $0.67

89166 $0.69 $0.66 $0.70 $0.61 $0.76 $0.67

89169 $0.69 $0.68 $0.62 $0.61 $0.65

89178 $0.79 $0.71 $0.66 $0.61 $0.63 $0.69

89179 $0.85 $0.69 $0.55 $0.59 $0.66

89183 $0.90 $0.79 $0.74 $0.65 $0.59 $0.69 $0.74

89019 $0.53 $0.53

Average All Zip Codes $0.92 $0.78 $0.71 $0.67 $0.66 $0.68 $0.72



$1,143

$1,290

$1,212

$1,053

$1,319

$1,900

$1,195

$1,254

$1,233

$1,447

$1,380

$1,845

$1,674

$1,223

$1,567

$1,054

$1,284

$1,501

$1,535

$1,312

$1,293

$1,342

$1,345

$966

$1,243

$1,430

$1,447

$1,407

$1,317

$913

$1,332

89113

89115

89117

89118

89119

89120

89121

89122

8912389125

89128

89129

89130

89131

89134

89135

89138

89139

89141

89142

89143

89144

89145

89146

89147

89148

89149

89156

89166

89169

Average All Zip Codes

Average Single Family Lease Price – Las Vegas Valley Zip Codes – February 2010 through July 2010

$1,366

$1,379

$1,408

$1,618

$1,413

$1,199

$851

$1,132

$1,082

$1,388

$1,735

$875

$1,470

$1,182

$1,262

$1,521

$1,237

$800

$1,163

$1,254

$1,007

$928

$1,016

$1,028

$1,949

$1,065

$1,494

$994

$1,537

$1,115

$- $250 $500 $750 $1,000 $1,250 $1,500 $1,750 $2,000 $2,250 $2,500

89002

89005

89009

89011

89012

8901489015

89030

89031

89032

89044

89046

89048

89052

89060

89061

89074

89081

89084

89085

89086

89101

89102

89103

89104

89106

89107

89108

89109

Lease Price








$0.74

$0.70

$0.69

$0.68

$0.75

$0.72

$0.73

$0.71

$0.71

$0.70

$0.79

$0.84

$0.79

$0.69

$0.70

$0.71

$0.70

$0.81

$0.74

$0.68

$0.73

$0.69

$0.69

$0.67

$0.67

$0.65

$0.69

$0.66

$0.74

$0.53

$0.72

89119

89120

89121

89122

89123

89125

89128

89129

89130

8913189134

89135

89138

89139

89141

89142

89143

89144

89145

89146

89147

89148

89149

89156

89166

89169

8917889179

89183

89019


Average Single Family Lease Price/Sq.ft. – Las Vegas Valley Zip Codes – February 2010 through July 2010

$0.72

$0.87

$0.76

$0.80

$0.78

$0.76

$0.68

$0.67

$0.69

$0.69

$0.80

$0.54

$0.77

$0.62

$0.66

$0.64

$0.61

$0.70

$0.67

$0.72

$0.73

$0.71

$0.69

$0.72

$0.73

$0.70

$0.73

$0.67

$0.72

$0.73

$0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10 $1.20

89002

89005

89011

89012

89014

8901589030

89031

89032

89044

89052

89060

89074

89081

89084

89085

89086

89101

89102

89103

89104

89106

8910789108

89109

89110

89113

89115

89117

89118

$/Sq.Ft








Average Condominium Lease Price – Las Vegas Valley Zip Codes – February 2010 through July 2010

Zip

Less than 1000


Greater than

3000 sq.ft

Average All

Sizes

89002 $872 $1,108 $952

89005 $647 $936 $1,375 $846

89011 $725 $904 $1,254 $1,699 $1,038

89012 $723 $1,039 $1,171 $1,016

89014 $697 $908 $1,078 $88989015 $672 $848 $945 $764

89030 $600 $582 $586

89031 $900 $1,003 $1,400 $926

89032 $659 $809 $1,056 $846

89052 $744 $891 $1,269 $1,525 $929

89074 $684 $911 $1,093 $1,495 $898

89081 $831 $831

89084 $709 $912 $1,051 $922

89101 $550 $580 $1,450 $720

89102 $598 $810 $1,095 $772

89103 $651 $781 $973 $704

89104 $673 $673

89106 $400 $781 $1,700 $649

89107 $605 $861 $995 $1,000 $706

89108 $629 $788 $1,092 $736

89109 $786 $1,104 $1,150 $1,250 $98089110 $620 $751 $699

89113 $709 $862 $1,593 $1,900 $823

89115 $608 $800 $750 $677

89117 $735 $848 $998 $800

89118 $679 $857 $1,082 $790

89119 $596 $752 $750 $663

89120 $661 $752 $1,050 $740

89121 $646 $808 $964 $1,135 $806

89122 $609 $743 $708






,

89128 $640 $805 $1,124 $750

89129 $641 $875 $980 $870

89130 $682 $875 $995 $834

89131 $716 $1,026 $1,475 $1,565 $1,002

89134 $1,065 $1,209 $1,549 $1,132

89135 $1,065 $1,326 $1,550 $2,700 $1,301

89138 $1,248 $1,319 $1,289

89141 $1,056 $1,100 $2,000 $1,166

89142 $623 $841 $739

89144 $818 $996 $1,067 $984

89145 $643 $826 $1,181 $815

89146 $656 $772 $1,195 $770

89147 $678 $885 $1,046 $830

89148 $782 $909 $1,250 $2,075 $911

89149 $633 $846 $1,005 $836

89156 $570 $727 $900 $674

89166 $602 $761 $695

89169 $551 $652 $920 $5,000 $747

89178 $929 $1,028 $1,395 $980

89183 $673 $847 $1,138 $804

89044 $1,100 $1,048 $2,100 $1,324

89164 $725 $725

89139 $950 $950

89006 $925 $925

Average All Zip Codes $670 $877 $1,122 $1,644 $2,098 $2,075 $845



Average Condominium Lease Price/Sq.ft. – Las Vegas Valley Zip Codes – February 2010 through July 2010

Zip

Less than 1000


Greater than

3000 sq.ft

Average All

Sizes

89002 $0.73 $0.68 $0.71

89005 $0.89 $0.77 $0.85 $0.81

89011 $0.98 $0.75 $0.77 $0.78 $0.79

89012 $0.89 $0.84 $0.69 $0.82

89014 $0.87 $0.78 $0.70 $0.7989015 $0.83 $0.70 $0.62 $0.76

89030 $0.60 $0.46 $0.50

89031 $0.72 $0.58 $0.69 $0.70

89032 $0.72 $0.67 $0.62 $0.66

89052 $0.89 $0.78 $0.75 $0.73 $0.81

89074 $0.83 $0.77 $0.68 $0.60 $0.77

89081 $0.70 $0.70

89084 $0.82 $0.72 $0.65 $0.71

89101 $0.61 $0.55 $0.72 $0.59

89102 $0.65 $0.64 $0.69 $0.65

89103 $0.82 $0.71 $0.57 $0.78

89104 $0.61 $0.61

89106 $0.96 $0.66 $1.10 $0.82

89107 $0.74 $0.69 $0.54 $0.45 $0.71

89108 $0.74 $0.67 $0.67 $0.70

89109 $1.03 $0.95 $0.65 $0.51 $0.96

89110 $0.71 $0.69 $0.70

89113 $0.83 $0.74 $0.85 $0.93 $0.79

89115 $0.65 $0.64 $0.44 $0.64

89117 $0.84 $0.73 $0.63 $0.77

89118 $0.85 $0.74 $0.64 $0.78

89119 $0.79 $0.65 $0.41 $0.73

89120 $0.77 $0.68 $0.63 $0.70

89121 $0.78 $0.65 $0.58 $0.54 $0.67

89122 $0.73 $0.68 $0.69






. . . .

89128 $0.80 $0.70 $0.71 $0.74

89129 $0.78 $0.71 $0.64 $0.71

89130 $0.70 $0.70 $0.63 $0.70

89131 $0.81 $0.75 $0.88 $0.67 $0.78

89134 $0.86 $0.71 $0.76 $0.82

89135 $0.88 $0.78 $0.69 $1.02 $0.81

89138 $0.86 $0.82 $0.84

89141 $0.85 $0.65 $0.91 $0.83

89142 $0.69 $0.70 $0.70

89144 $0.87 $0.81 $0.63 $0.81

89145 $0.83 $0.71 $0.72 $0.76

89146 $0.69 $0.68 $0.62 $0.68

89147 $0.82 $0.75 $0.67 $0.77

89148 $0.84 $0.74 $0.81 $0.65 $0.78

89149 $0.76 $0.70 $0.62 $0.70

89156 $0.67 $0.62 $0.55 $0.63

89166 $0.76 $0.66 $0.71

89169 $0.83 $0.57 $0.60 $2.35 $0.79

89178 $0.78 $0.65 $0.69 $0.72

89183 $0.81 $0.73 $0.71 $0.76

89044 $0.78 $0.66 $1.04 $0.79

89164 $0.66 $0.66

89139 $0.79 $0.7989006 $0.80 $0.80

Average All Zip Codes $0.82 $0.74 $0.69 $0.77 $0.81 $0.65 $0.76



$740

$806

$708

$960

$750

$870

$834

$1,002

$1,132

$1,301

$1,289

$1,166

$739

$984

$815

$770

$830

$911

$836

$674

$695

$747

$980

$804

$1,324

$725

$950

$925

$845

89120

89121

89122

89123

89128

89129

89130

89131

89134

89135

89138

89141

89142

89144

89145

89146

89147

89148

89149

89156

89166

89169

89178

89183

89044

89164

89139

89006

Average All Z ip Codes

Average Condominium Lease Price – Las Vegas Valley Zip Codes – February 2010 through July 2010

$952

$846

$1,038

$1,016

$889

$764

$586

$926

$846

$929

$898

$831

$922

$720

$772

$704

$673

$649

$706

$736

$980

$699

$823

$677

$800

$790

$663

$0 $250 $500 $750 $1,000 $1,250 $1,500 $1,750 $2,000

89002

89005

89011

89012

89014

89015

89030

89031

89032

89052

89074

89081

89084

89101

89102

89103

89104

89106

89107

89108

89109

89110

89113

89115

89117

89118

89119

$/Sq.Ft








$0.70

$0.67

$0.69

$0.86

$0.74

$0.71

$0.70

$0.78

$0.82

$0.81

$0.84

$0.83

$0.70

$0.81

$0.76

$0.68

$0.77

$0.78

$0.70

$0.63

$0.71

$0.79

$0.72

$0.76

$0.79

$0.66

$0.79

$0.80

$0.76

89120

89121

89122

89123

89128

89129

89130

8913189134

89135

89138

89141

89142

89144

89145

89146

89147

89148

89149

89156

89166

89169

89178

89183

89044

89164

89139

89006


Average Condominium Lease Price/Sq.ft. – Las Vegas Valley Zip Codes – February 2010 through July 2010

$0.71

$0.81

$0.79

$0.82

$0.79

$0.76

$0.50

$0.70

$0.66

$0.81

$0.77

$0.70

$0.71

$0.59

$0.65

$0.78

$0.61

$0.82

$0.71

$0.70

$0.96

$0.70

$0.79

$0.64

$0.77

$0.78

.

$0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 $1.10

89002

89005

89011

89012

89014

89015

89030

89031

89032

89052

89074

89081

89084

89101

89102

89103

89104

89106

89107

8910889109

89110

89113

89115

89117

89118

$/Sq.Ft








Subdivision Name

Less than

1000 1000 to 1500 1500 to 2000 2000 to 2500 2500 to 3000

Greater

than 3000

Average All

Sizes

ALLURE CONDO $1,211 $1,516 $2,300 $1,441

BOCA RATON $958 $1,267 $1,847 $1,149

JUHL $1,016 $1,500 $1,085

MANDARIN ORIENTAL $3,400 $5,000 $3,800METROPOLIS $1,625 $2,500 $2,750 $2,292

NEWPORT LOFTS $992 $1,449 $1,600 $1,286

ONE LAS VEGAS $1,043 $1,450 $1,825 $1,441

ONE QUEENSRIDGE PLACE PHASE 1 $3,900 $4,750 $6,133 $5,100

PALMS PLACE A RESORT CONDO & S $1,600 $2,300 $1,950

PANORAMA TOWER PHASE III $2,113 $3,275 $2,500

PANORAMA TOWERS 1 $1,824 $1,962 $2,731 $3,000 $6,250 $2,457

PANORAMA TOWERS 2 $1,508 $2,040 $2,530 $3,000 $4,000 $8,000 $2,579

REGENCY TOWERS AMD $1,613 $1,613

SKY LAS VEGAS $1,510 $1,990 $2,560 $4,300 $1,985

SOHO LOFTS $1,650 $1,630 $1,636

STREAMLINE TOWER $1,280 $1,750 $1,358

TURNBERRY M G M GRAND TOWERS L $1,800 $1,800

TURNBERRY PLACE AMD $2,000 $2,200 $3,146 $2,337

TURNBERRY PLACE PHASE 2 $2,783 $3,292 $3,122

TURNBERRY PLACE PHASE 3 AMD $1,950 $2,300 $3,700 $3,070

TURNBERRY PLACE PHASE 4 $1,650 $1,897 $2,800 $3,375 $2,399

TURNBERRY TOWERS AT PARADISE R $1,377 $2,275 $2,649 $1,853

VEER TOWERS $1,450 $1,450

Average All Projects $1,312 $1,840 $2,292 $2,902 $3,576 $6,530 $2,046

Average High-Rise Lease Price – Las Vegas Valley Zip Codes – February 2010 through July 2010

Subdivision Name

Less than

1000 1000 to 1500 1500 to 2000 2000 to 2500 2500 to 3000

Greater

than 3000

Average All

Sizes

ALLURE CONDO $1.35 $1.29 $1.34 $1.32

BOCA RATON $1.20 $1.03 $1.22 $1.13

JUHL $1.41 $1.13 $1.37MANDARIN ORIENTAL $3.18 $3.06 $3.15

METROPOLIS $1.10 $1.13 $1.04 $1.09

NEWPORT LOFTS $1.09 $1.19 $0.97 $1.12

ONE LAS VEGAS $1.23 $1.08 $1.17 $1.15

ONE QUEENSRIDGE PLACE PHASE 1 $1.77 $1.80 $1.60 $1.71

PALMS PLACE A RESORT CONDO & S $2.60 $1.89 $2.24

PANORAMA TOWER PHASE III $1.66 $1.67 $1.66

PANORAMA TOWERS 1 $1.70 $1.56 $1.65 $1.34 $1.20 $1.57

PANORAMA TOWERS 2 $1.74 $1.62 $1.46 $1.36 $1.35 $2.40 $1.57

REGENCY TOWERS AMD $0.87 $0.87

SKY LAS VEGAS $1.71 $1.56 $1.47 $1.44 $1.59

SOHO LOFTS $1.25 $0.98 $1.06

STREAMLINE TOWER $1.47 $1.31 $1.45

TURNBERRY M G M GRAND TOWERS L $3.46 $3.46TURNBERRY PLACE AMD $1.17 $1.00 $1.12 $1.12

TURNBERRY PLACE PHASE 2 $1.33 $1.17 $1.23

TURNBERRY PLACE PHASE 3 AMD $1.14 $1.05 $1.32 $1.23

TURNBERRY PLACE PHASE 4 $1.40 $1.17 $1.32 $1.20 $1.24

TURNBERRY TOWERS AT PARADISE R $1.69 $1.62 $1.60 $1.66

VEER TOWERS $2.70 $2.70

Average All Projects $1.55 $1.47 $1.36 $1.33 $1.28 $1.68 $1.45






Average High-Rise Lease Price/Sq.ft. – Las Vegas Valley Zip Codes – February 2010 through July 2010



$1,613

$1,985

$1,636

$1,358

$1,800

$2,337

$3,122

$3,070

$2,399

$1,853

$1,450

$2,046

REGENCY TOWERS AMD

SKY LAS VEGAS

SOHO LOFTS

STREAMLINE TOWER

TURNBERRY M G M GRAND TOWERS L

TURNBERRY PLACE AMD

TURNBERRY PLACE PHASE 2

TURNBERRY PLACE PHASE 3 AMD


TURNBERRY TOWERS AT PARADISE R

VEER TOWERS

Average All Projects

Average High-Rise Lease Price – Las Vegas Valley Zip Codes – February 2010 through July 2010

$1,441

$1,149

$1,085

$3,800

$2,292

$1,286

$1,441

$5,100

$1,950

$2,500

$2,457

,

$0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $5,000 $5,500 $6,000

ALLURE CONDO

BOCA RATON

JUHL

MANDARIN ORIENTAL

METROPOLIS

NEWPORT LOFTS

ONE LAS VEGAS

ONE QUEENSRIDGE PLACE PHASE 1

PALMS PLACE A RESORT CONDO & S

PANORAMA TOWER PHASE III

PANORAMA TOWERS 1

$/Sq.Ft








Average High-Rise Lease Price/Sq.ft. – Las Vegas Valley Zip Codes – February 2010 through July 2010

$1.57

$0.87

$1.59

$1.06

$1.45

$3.46

$1.12

$1.23

$1.23

$1.24

$1.66

$2.70

$1.45

PANORAMA TOWERS 2

REGENCY TOWERS AMD

SKY LAS VEGAS

SOHO LOFTS

STREAMLINE TOWER

TURNBERRY M G M GRAND TOWERSL

TURNBERRY PLACE AMD


TURNBERRY PLACE PHASE 3 AMD


TURNBERRY TOWERS AT PARADISE R

VEER TOWERS

Average All Projects






$1.32

$1.13

$1.37

$3.15

$1.09

$1.12

$1.15

$1.71

$2.24

$1.66

$1.57

$0.00 $0.25 $0.50 $0.75 $1.00 $1.25 $1.50 $1.75 $2.00 $2.25 $2.50 $2.75 $3.00 $3.25 $3.50 $3.75

ALLURE CONDO

BOCA RATON

JUHL

MANDARIN ORIENTAL

METROPOLIS

NEWPORT LOFTS

ONE LAS VEGAS

ONE QUEENSRIDGE PLACE PHASE 1

PALMS PLACE A RESORT CONDO & S

PANORAMA TOWER PHASE III

PANORAMA TOWERS 1

$/Sq.Ft



Average Lease Price by Home Type– February 2010 through July 2010

HOME TYPE

Less than

1000

1000 to

1500

1500 to

2000

2000 to

2500

2500 to

3000

Greater

than 3000

Average

All Sizes

SFR $811 $1,025 $1,213 $1,475 $1,785 $2,588 $1,332

Condo $670 $877 $1,122 $1,644 $2,098 $2,075 $845

High-Rise $1,312 $1,840 $2,292 $2,902 $3,576 $6,530 $2,046

Average All Types $766 $1,056 $1,613 $1,587 $1,835 $2,900 $1,377

HOME TYPE

Less than

1000

1000 to

1500

1500 to

2000

2000 to

2500

2500 to

3000

Greater

than 3000

Average

All Sizes

SFR $0.92 $0.78 $0.71 $0.67 $0.66 $0.68 $0.72

Condo $0.82 $0.74 $0.69 $0.77 $0.81 $0.65 $0.76

High-Rise $1.55 $1.47 $1.36 $1.33 $1.28 $1.68 $1.45

Average All Types $0.91 $0.78 $0.71 $0.68 $0.67 $0.68 $0.75

Average Lease Price/Sq.ft by Home Type– February 2010 through July 2010








Average Lease Price by Home Type– February 2010 through July 2010

$1,332

$845

$2,046

$1,377

$0 $500 $1,000 $1,500 $2,000 $2,500

SFR

Condo

High-Rise

Average All Types

$/Sq.Ft

Average Lease Price/Sq.ft by Home Type– February 2010 through July 2010






$0.72

$0.76

$1.45

$0.75

$0.00 $0.25 $0.50 $0.75 $1.00 $1.25 $1.50 $1.75 $2.00 $2.25

SFR

Condo

High-Rise

Average All Types

$/Sq.Ft



Appendix

Source: GLVAR, Coldwell Banker Premier Realty (unless otherwise noted).

Notes:

Some zip codes have few observations so averages should be used as a general guide. The

following tables (counts of leased homes) show the number of observations in each zip code.

Further, some areas have a greater proportion of leased homes in the smaller square foot

ranges so they often have higher average lease rates. Please refer to the individual tables to

ascertain figures for specific zip codes.

Homes are like other economic goods, that is, there is diminished marginal utility for

increased square footage and for price decreases, individuals will typically lease more square

feet. This is something to keep in mind when approaching lease rates as well as when viewing

absolute prices on the largest of homes. Please see the charts below for a graphical view.

The amount of vacant listed homes will keep pressures on rents for some time (see MLS

listings by Occupancy Status Exhibit as well as Clark County figures for overall vacancy

rates). In the popular rental range of homes less than 1,500 sq.ft, homes have leased in a

,

amenities and finishes (see lease price trends exhibits).

It should also be noted that lease prices vary by the duration of the lease.

Glossary

Capitalization Rate: Ratio of net operating income generated by an asset divided by its cost

(or value).

High-Rise: Building 20 stories or greater.

Mid-Rise: Building 5-20 stories.



-5%

0%

5%

10%

15%

20%

25%

30%

$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000

C a p R a t e

Sale Price

Single Family Rental Cap Rates vs. Sale Price

-5%

0%

5%

10%

15%

20%

25%

30%

$0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60

C a p R a t e

Rent/Sq.ft.

Single Family Rental Cap Rates vs. Rent/Sq.ft

25%

30%

Single Family Rental Cap Rates vs. Year Built

25%

30%

Single Family Rental Cap Rates vs. Sq.ft

Asset Return – Relationship between return and property characteristics

-5%

0%

5%

10%

15%

20%

1930 1940 1950 1960 1970 1980 1990 2000 2010

C a p R a t e

Year Built-5%

0%

5%

10%

15%

20%

0 500 1000 1500 2000 2500 3000 3500 4000 4500

C a p R a t e

Sq.ft.

Based on a Q2, 2010 sample of single family homes that sold with tenants in place.

Source: Mlxchange, Coldwell Banker Premier Realty.



$-

$200

$400$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000

$2,200

$2,400

$2,600

$2,800

$3,000

$3,200

J a n - 0 7

M a r - 0 7

M a y - 0 7

J u l - 0 7

S e p - 0 7

N o v - 0 7

J a n - 0 8

M a r - 0 8

M a y - 0 8

J u l - 0 8

S e p - 0 8

N o v - 0 8

J a n - 0 9

M a r - 0 9

M a y - 0 9

J u l - 0 9

S e p - 0 9

N o v - 0 9

J a n - 1 0

M a r - 1 0

M a y - 1 0

J u l - 1 0

L e a s e P r i c e

Single Family Lease Prices - January 2007 through July 2010

Lease Price Trends

$-

$0.25

$0.50

$0.75

$1.00

$1.25

$1.50

$1.75

$2.00

J a n - 0 7

M a r - 0 7

M a y - 0 7

J u l - 0 7

S e p - 0 7

N o v - 0 7

J a n - 0 8

M a r - 0 8

M a y - 0 8

J u l - 0 8

S e p - 0 8

N o v - 0 8

J a n - 0 9

M a r - 0 9

M a y - 0 9

J u l - 0 9

S e p - 0 9

N o v - 0 9

J a n - 1 0

M a r - 1 0

M a y - 1 0

J u l - 1 0

L e a s e P r i c e

Single Family Lease Prices Per Square Foot (Avg.) - January 2007 through July 2010

Less than 1000 1000 to 1500 1500 to 2000 2000 to 2500 2500 to 3000 Greater than 3000



$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000

$2,200

$2,400

$2,600

$2,800

J a n - 0 7

M a r - 0 7

M a y - 0 7

J u l - 0 7

S e p - 0 7

N o v - 0 7

J a n - 0 8

M a r - 0 8

M a y - 0 8

J u l - 0 8

S e p - 0 8

N o v - 0 8

J a n - 0 9

M a r - 0 9

M a y - 0 9

J u l - 0 9

S e p - 0 9

N o v - 0 9

J a n - 1 0

M a r - 1 0

M a y - 1 0

J u l - 1 0

L e a s e P r i c e

Condominium Lease Prices - January 2007 through July 2010

Less than 1000 1000 to 1500 1500 to 2000

0

0.25

0.5

0.75

1

1.25

1.5

1.75

2

J a n - 0 7

M a r - 0 7

M a y - 0 7

J u l - 0 7

S e p - 0 7

N o v - 0 7

J a n - 0 8

M a r - 0 8

M a y - 0 8

J u l - 0 8

S e p - 0 8

N o v - 0 8

J a n - 0 9

M a r - 0 9

M a y - 0 9

J u l - 0 9

S e p - 0 9

N o v - 0 9

J a n - 1 0

M a r - 1 0

M a y - 1 0

J u l - 1 0

L e a s e P r i c e

Condominium Lease Prices Per Square Foot (Avg.) - January 2007 through July 2010

Less than 1000 1000 to 1500 1500 to 2000

Note: Condominiums greater than 2,000 square feet are not represented due to the sparcity of transactions.

Source: Mlxchange, Coldwell Banker Premier Realty.



11.8

8.37.8

8.4

10.3

8.3

9.0

10.8

9.59.9

11.912.1

15.2

12.9

15.2

16.0

16.7

15.0

12.9 12.813.0

15.1

0

2

4

6

8

10

12

14

16

18

1Q

2005

2Q

2005

3Q

2005

4Q

2005

1Q

2006

2Q

2006

3Q

2006

4Q

2006

1Q

2007

2Q

2007

3Q

2007

4Q

2007

1Q

2008

2Q

2008

3Q

2008

4Q

2008

1Q

2009

2Q

2009

3Q

2009

4Q

2009

1Q

2010

2Q

2010

V a c a n c y %

Rental Vacancy Rate - Las Vegas

Vacancy Rates

2.0%2.5% 2.5% 2.6%

3.8%

2.8%

3.8%4.3%

6.2%

5.1%

6.4% 6.2% 6.2%

7.3%

5.8%

6.5%6.8% 6.9% 6.8%

11.3%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

V a c a n c y %

Vacancy Rates by Housing Type - Rental & Owner Occupied

Single Family Multi-Family

Source: Census.

Source: Clark County Population Estimates, GILIS, U.S Postal Service, NV Energy.



90.1%

92.7%

96.3%

94.3%

91.2%

90.5%

94.6%

93.8%

92.5%

93.5%83.6%

92.9%

94.9%

95.1%

95.4%

96.1%

94.5%

95.8%

92.1%

94.4%

93.4%

94.5%

93.4%

93.8%

93.5%

94.5%

91.0%

90.8%

90.7%

94.9%

93.3%

81.7%

91.5%

93.8%

94.0%

89110

89113

89115

89117

89118

89119

89120

89121

89122

8912389124

89128

89129

89130

89131

89134

89135

89138

89139

89141

89142

89143

89144

89145

89146

89147

89148

89149

89156

89161

89165

89166

89169

89178

89179

89183

Occupancy Rates by Zip Code

96.2%

99.2%

96.0%

91.3%

91.7%

94.9%

95.2%

95.3%

84.2%

70.9%

89.0%

92.0%

90.1%

86.4%

89.5%

93.4%

90.6%

90.1%

90.7%

87.9%

96.9%

81.0%

95.5%

43.1%

95.4%

91.7%

94.8%

94.4%

91.9%

87.2%

89.0%

92.5%

91.3%

86.8%

92.9%

92.2%

75.0%

0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0%

89002

89004

89005

89007

89011

89012

89014

89015

89018

89019

89021

89025

89027

89029

89030

89031

89032

89034

89039

89040

89044

89046

89052

89054

89074

89081

89084

89085

89086

8908789101

89102

89103

89104

89106

89107

89108

89109



10

20

30

40

50

60

70

80

90

100

D a y s o n M a r k e t

Rental Property Average Days on Market

0

Q1 2007 Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010

Condominium Single Family

Source: Mlxchange.



$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000

$ / S q . F t .

Leased Single Family - February 2010 to July 2010

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

0 500 1,000 1,500 2,000 2,500 3,000

$ / S q . F t .

Square Feet

Leased Conominiums - February 2010 to July 2010



Cap Rates on Home Sold in Q2, 2010 with Tenants in Place

$16%+10 to 16%5 to 10%Less than 5%



Q2, 20010 Rental Home Prices Per

Square Foot Las Vegas ValleyHomes Between 1,500 & 2,000 Sq.Ft

Monthly $/Sq.ft


$1.30+$.85 to $1.30$.70 to $.85Less than $.70



Las Vegas Valley Zip Codes

rental report - mid year 2010

Documents