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Cunningham Group Client Newsletter

MARCH 2013

Volume 1, Issue 2 facebook.com/cgroupvegas twitter.com/cgroupvegas

The Changing Market

linkedin.com/cgroupvegas

Shawn Cunningham ABR, CRS, ePRO, CDPE REALTOR (702) 530-5002

shawn@cgroupvegas.com

Kyle Cunningham Property Manager REALTOR (702) 530-5002

kyle@cgroupvegas.com

Jack Thompson Buyer Specialist REALTOR (702) 682-7527

jthompson@remax.net

LAST UPDATED March 7, 2013

Inside this issue:

John Longstreet, Loan Officer 20 Years of Experience in Mortgage Industry Cell (702) 250-0688 Ÿ Office (702) 492-5077 Office jlongstreet@houseloan.com Ÿ johnlongstreet.net

Cunningham Group @ RE/MAX Advantage Ÿ 10075 South Eastern Ave. #103 Ÿ Henderson, NV 89052


2 LAS VEGAS, NORTH LAS VEGAS, HENDERSON & BOULDER CITY SINGLE FAMILY RESIDENCE– RESIDENCE– FEBRUARY 2013 AREA

LISTED

SH SALE REO LISTED LISTED CLOSED

% SOLD

DAYS ON MARKET

MONTHS SUPPLY

LIST PRICE (MEDIAN)

CLOSE PRICE (MEDIAN)

North

(101-103)

476

79

66

488

102.5%

16

1.0

$135,000

$135,000

East

(201-204)

334

64

45

260

77.8%

24

1.3

$93,000

$95,600

South

(301-303)

317

41

30

245

77.3%

16

1.3

$135,000

$137,000

NW

(401-405)

664

102

62

496

74.7%

34

1.3

$155,000

$155,450

SW

(501-505)

789

104

75

582

73.8

25

1.4

$175,000

$175,250

Henderson (600’s)

534

78

59

405

75.8%

28

1.3

$193,500

$190,000

Boulder City (700’s)

55

5

4

13

23.6%

67

4.2

$198,000

$190,000

TOTAL

3,169

473

341

2,489

72.2%

30

1.7

$154,929

$154,043

YTD AVG.

6,583

1,047

697

4,678

68.2%

33

1.6

$157,717

$156,031

Closed Properties February 2013 Short Sale Resale 1565 51.9%

REO

NORTHWEST 401 - 405

RA NC H

NORTH 101-103

O

RTE IN

EAST 201-204

CHARLESTON

Resale Short Sale 1160 38%

SOUTHWEST 501-505

EASTERN

INTERSTATE 15

REO 290 9.6%

BO UL DE R

SOUTH 301-303

HENDERSON 601-606 BOULDER CITY 701-702

LaWanda Alston~ Ticor Title of Nevada, Inc. ~ (702) 423-7175 CONDOMINIUM & TOWNHOUSE– TOWNHOUSE– FEBRUARY 2013 AREA

LISTED

SH SALE REO LISTED LISTED CLOSED % SOLD

DAYS ON MARKET

MONTHS SUPPLY

LIST PRICE (MEDIAN)

CLOSE PRICE (MEDIAN)

North

(101-103)

59

15

8

24

40.7%

12

2.5

$81,250

$88,750

East

(201-204)

160

25

17

48

30.0%

25

3.3

$49,250

$48,450

South

(301-303)

209

26

29

96

45.9%

22

2.2

$63,250

$63,200

NW

(401-405)

223

40

23

134

60.1%

30

1.7

$70,000

$79,950

SW

(501-505)

168

33

31

131

78.0%

22

1.3

$78,000

$78,100

Henderson (600’s)

120

20

15

88

73.3%

14

1.4

$97,489

$97,000

Boulder City (700’s)

19

4

1

5

26.3%

61

3.8

$125,900

$124,000

958

163

124

526

50.6%

27

2.3

$80,734

$82,779

1,905

347

251

992

49.9%

35

2.1

$79,253

$80,529

TOTAL YTD AVG.

Information is deemed to be accurate but not guaranteed. Report includes resale homes, condominiums & townhomes only.

3,015 SINGLE FAMILY, CONDOS, & TOWNHOMES CLOSED IN FEBUARY 2013. OF THESE, 1,785 WERE CASH TRANSACTONS, 686 WERE CONVENTIONAL, 404 WERE FHA AND 95 VA FINANCING.

Cunningham Group @ RE/MAX Advantage Ÿ 10075 South Eastern Ave. #103 Ÿ Henderson, NV 89052


3

Cunningham Group @ RE/MAX Advantage Ÿ 10075 South Eastern Ave. #103 Ÿ Henderson, NV 89052


1 3 2

RE/MAX Advantage 10075 S. Eastern Ave #103 Henderson, NV 89052

à

SHAWN: (702) 530-5002 Fax: (866) 220-3152 shawn@cgroupvegas.com

à

KYLE: (702) 530-5008 Fax: (866) 220-9014 kyle@cgroupvegas.com

What Can I Do To Get More Rent For My Property & Rent It Faster? By Kyle Cunningham There are several things to

that you avoid greens, blues, or

back there adds a great amount

remember when you are trying to

other more custom colors;

of value to your home and will

market your rental property:

especially dark colors.

get it rented faster. Homes can still rent without anything in the

The important thing is that the home is “clutter free” and

extremely clean. Prospective tenants are most attracted to

Paint your home in neutral colors. If not white, then any beige or light cream color would work. We recommend strongly

you can get and the speed in

operational and maintained

which you could get it.

for returning it back that way.

need to be able to see your

we turn over a clean,

easier to hold them accountable

walking through them. They

call home.

backyard, but it will hurt the rent

home to a tenant, it is much

clean homes when they are

home as a place “they” could

Fix anything that is broken: If

Have appliances available: 98% of potential tenants do not have their own refrigerator,

Install landscaping: If your

washer/dryer, stove, or

property is dirt and barren in the

dishwasher. These items are

backyard, we highly

covered under the security

recommend that you “at least”

deposit if damaged and the

pour some rock down to make

tenants will have to maintain

the yard more appealing.

them if you leave them in the

Additionally, having a patio

home.

Cunningham Group @ RE/MAX Advantage Ÿ 10075 South Eastern Ave. #103 Ÿ Henderson, NV 89052


Cunningham Group Las Vegas Real Estate Update - March 2013