Rental Market Update – September 2024

Published On: September 17, 2024126 words0.6 min read

Local rentals continue to be unaffordable, yet they are leasing quickly as rents continue to rise.  My recent MLS search found only 139 homes and condos for rent in the Conejo Valley, 10% less than last month.  Roughly 50% of available rentals were listed for more than $5,000/month. I found only ten properties listed for less than $3,000/month.  The solution to rising rents is construction, not rent control.  California is the most expensive place in the country to build; without a significant ease in governmental restrictions, developers will build elsewhere, and our rents will continue to rise.

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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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