Rental Market Update – June 2024
The number of available rentals remains near all-time lows and demand continues to exceed supply, driving rents higher. Upon searching the MLS I found only 113 homes and condos for rent in the Conejo Valley, roughly 72% of those were listed for more than $4,000/month. Again, I found only 5 properties listed for less than $2,500/month, all of which were studios or one bedroom less than 700 SF. These statistics further demonstrate the need for more local ADUs.
Need Help?
With demand high and availability low, let Summit Property Management help you navigate these challenges. Contact us today to explore your options and secure the ideal rental or investment property.
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