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Cunningham Group Client Newsletter

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

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

Kyle Cunningham Property Manager REALTOR (702) 530-5002

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Inside this issue:

Jack Thompson Buyer Specialist REALTOR (702) 682-7527

MARCH 2013

Volume 1, Issue 2

kyle@cgroupvegas.com

jthompson@remax.net

The Changing Market

shawn@cgroupvegas.com

LAST UPDATED March 7, 2013

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

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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.

SINGLE FAMILY RESIDENCESINGLE FAMILY RESIDENCESINGLE FAMILY RESIDENCESINGLE FAMILY RESIDENCE–––– FEBRUARY 2013FEBRUARY 2013FEBRUARY 2013FEBRUARY 2013

AREA LISTED SH SALE LISTED CLOSED % SOLD

DAYS ON MARKET

MONTHS SUPPLY

LIST PRICE (MEDIAN)

CLOSE PRICE (MEDIAN)

North (101-103) 476 79 488 102.5% 16 1.0 $135,000 $135,000 East (201-204) 334 64 260 77.8% 24 1.3 $93,000 $95,600 South (301-303) 317 41 245 77.3% 16 1.3 $135,000 $137,000 NW (401-405) 664 102 496 74.7% 34 1.3 $155,000 $155,450 SW (501-505) 789 104 582 73.8 25 1.4 $175,000 $175,250 Henderson (600’s) 534 78 405 75.8% 28 1.3 $193,500 $190,000 Boulder City (700’s) 55 5 13 23.6% 67 4.2 $198,000 $190,000 TOTAL 3,169 473 2,489 72.2% 30 1.7 $154,929 $154,043 YTD AVG. 6,583 1,047 4,678 68.2% 33 1.6 $157,717 $156,031

REO LISTED

66 45 30 62 75 59 4

341 697

LAS VEGAS, NORTH LAS VEGAS, HENDERSON & BOULDER CITY

CONDOMINIUM & TOWNHOUSECONDOMINIUM & TOWNHOUSECONDOMINIUM & TOWNHOUSECONDOMINIUM & TOWNHOUSE–––– FEBRUARY 2013FEBRUARY 2013FEBRUARY 2013FEBRUARY 2013

AREA LISTED SH SALE LISTED CLOSED % SOLD

DAYS ON MARKET

MONTHS SUPPLY

LIST PRICE (MEDIAN)

CLOSE PRICE (MEDIAN)

North (101-103) 59 15 24 40.7% 12 2.5 $81,250 $88,750 East (201-204) 160 25 48 30.0% 25 3.3 $49,250 $48,450

South (301-303) 209 26 96 45.9% 22 2.2 $63,250 $63,200

NW (401-405) 223 40 134 60.1% 30 1.7 $70,000 $79,950 SW (501-505) 168 33 131 78.0% 22 1.3 $78,000 $78,100 Henderson (600’s) 120 20 88 73.3% 14 1.4 $97,489 $97,000 Boulder City (700’s) 19 4 5 26.3% 61 3.8 $125,900 $124,000 TOTAL 958 163 526 50.6% 27 2.3 $80,734 $82,779 YTD AVG. 1,905 347 992 49.9% 35 2.1 $79,253 $80,529

REO LISTED

8 17

29

23 31 15 1

124 251

LaWanda Alston~ Ticor Title of Nevada, Inc. ~ (702) 423-7175

CHARLESTON

RANCHO

NORTHWEST 401 - 405

SOUTHWEST 501-505

EAST 201-204

HENDERSON 601-606

SOUTH 301-303

INTER-

BOULDER

INTERSTATE 15

EASTERN

BOULDER CITY 701-702

NORTH 101-103

Short Sale 1160 38%

REO 2909.6%

Resale 156551.9%

Closed Properties February 2013

Short Sale REO Resale

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

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

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There are several things to

remember when you are trying to

market your rental property:

• The important thing is that the

home is “clutter free” and

extremely clean. Prospective

tenants are most attracted to

clean homes when they are

walking through them. They

need to be able to see your

home as a place “they” could

call home.

• Paint your home in neutral

colors. If not white, then any

beige or light cream color would

work. We recommend strongly

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back there adds a great amount

of value to your home and will

get it rented faster. Homes can

still rent without anything in the

backyard, but it will hurt the rent

you can get and the speed in

which you could get it.

• Have appliances available: 98%

of potential tenants do not have

their own refrigerator,

washer/dryer, stove, or

dishwasher. These items are

covered under the security

deposit if damaged and the

tenants will have to maintain

them if you leave them in the

home.

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that you avoid greens, blues, or

other more custom colors;

especially dark colors.

• Fix anything that is broken: If

we turn over a clean,

operational and maintained

home to a tenant, it is much

easier to hold them accountable

for returning it back that way.

• Install landscaping: If your

property is dirt and barren in the

backyard, we highly

recommend that you “at least”

pour some rock down to make

the yard more appealing.

Additionally, having a patio

What Can I Do To Get More Rent For My Property & Rent It Faster?

By Kyle Cunningham

SHAWN: (702) 530-5002 Fax: (866) 220-3152 shawn@cgroupvegas.com KYLE: (702) 530-5008 Fax: (866) 220-9014 kyle@cgroupvegas.com

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