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Cunningham Group Client Newsletter
VOL. 1, ISSUE 6 JULY 2013
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Clark County NV – 10 Year Historical Graph
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By Shawn Cunningham
The below image is a 10 Year Historical Graph of sale prices in the Clark County Nevada housing market. As demonstrated by the graph, the substantial drop in average sale price that occurred during the economic bust has made small and steady incremental improvements since 2012. That being said, the housing recovery
that began early last year is continuing to gain momentum in 2013. The pricing appreciation of the past 18 months is not guaranteed to continue at the same rate. While inventory remains very low, it has shown signs of leveling out over the past month as prices and interest rates may be affecting the overall market.
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
Inside this issue:
Cunningham Group @ RE/MAX Advantage 10075 South Eastern Ave. #103 Henderson, NV 89052
2 LAS VEGAS, NORTH LAS VEGAS, HENDERSON & BOULDER CITY SINGLE FAMILY RESIDENCE– JUNE 2013 AREA
LISTED
SH SALE REO LISTED LISTED CLOSED
% SOLD
DAYS ON MONTHS MARKET SUPPLY
LIST PRICE (MEDIAN)
CLOSE PRICE (MEDIAN)
North (101-103)
625
88
49
600
96.0%
14
1.0
$159,900
$159,950
East (201-204)
402
48
33
304
75.6%
17
1.3
$105,000
$107,500
South (301-303)
392
35
29
258
65.8%
14
1.5
$148,400
$150,900
NW (401-405)
835
74
54
583
69.8%
15
1.4
$181,100
$185,000
SW (501-505)
994
77
74
685
68.9%
16
1.5
$200,000
$209,000
Henderson (600’s)
680
97
30
439
64.6%
15
1.5
$220,000
$220,000
Boulder City (700’s)
46
3
2
12
26.1%
72
3.8
$302,500
$287,500
TOTAL
3,974
422
271
2,881
66.7%
23
1.7
$188,129
$188,550
YTD AVG.
20,563
2,575
1,819 16,431
82.3%
26
1.4
$169,884
$169,445
Closed Properties in June 2013
Resale 2071 59.6%
NORTHWEST 401 - 405
NORTH 101-103
RA
NC H
O
R TE IN
-
EAST 201-204
CHARLESTON
Short Sale 1101 31.7%
DE
SOUTH 301-303
SOUTHWEST 501-505
R
EASTERN
INTERSTATE 15
REO 302 8.7%
BO UL
HENDERSON 601-606 BOULDER CITY 701-702
Ticor Title of Nevada, Inc. ~ (702) 932-0777 CONDOMINIUM & TOWNHOUSE– JUNE 2013 AREA
LISTED
SH SALE REO LISTED LISTED CLOSED % SOLD
DAYS ON MONTHS MARKET SUPPLY
LIST PRICE (MEDIAN)
CLOSE PRICE (MEDIAN)
North (101-103)
64
7
7
39
60.9%
17
1.6
$77,000
$84,000
East (201-204)
155
20
7
58
37.4%
35
2.7
$53,300
$55,000
South (301-303)
237
32
20
105
44.3%
40
2.3
$75,000
$76,100
NW (401-405)
255
26
19
142
55.7%
22
1.8
$79,050
$80,000
SW (501-505)
213
28
32
147
69.0%
23
1.4
$85,000
$85,000
Henderson (600’s)
153
15
14
99
64.7%
14
1.5
$115,000
$117,717
Boulder City (700’s)
13
1
1
3
23.1%
103
4.3
$115,900
$115,000
TOTAL
1,090
129
100
593
50.7%
36
2.2
$85,750
$87,545
YTD AVG.
5,931
864
700
3,554
58.6%
31
1.8
$81,125
$81,891
Information is deemed to be accurate but not guaranteed. Report includes resale homes, condominiums & townhomes only.
3,474 SINGLE FAMILY, CONDOS, & TOWNHOMES CLOSED IN JUNE 2013. OF THESE, 1,908 WERE CASH TRANSACTIONS, 939 WERE CONVENTIONAL, 416 WERE FHA AND 147 VA FINANCING.
Cunningham Group @ RE/MAX Advantage 10075 South Eastern Ave. #103 Henderson, NV 89052
3
Cunningham Group @ RE/MAX Advantage 10075 South Eastern Ave. #103 Henderson, NV 89052
1 3 2
RE/MAX Advantage 10075 S. Eastern Ave #103 Henderson, NV 89052
OWNER TIPS
à
SHAWN: (702) 530-5002 Fax: (866) 220-3152 shawn@cgroupvegas.com
à
KYLE: (702) 530-5008 Fax: (866) 220-9014 kyle@cgroupvegas.com
By Kyle Cunningham
Selling your house is
lease to end, you would
Otherwise, you can
always possible, with or
have to sell your home to
sell your home once any
without a tenant in it.
an investor. When you do
given lease period ends
this, you “sell” the lease
by providing the tenant
It is important to remember that the lease
right along with the home. with a 30-day notice to
agreement you have with
There are plenty of
vacate. Contact our office
your tenant supersedes
investors looking for
if you need assistance
anything else. This means
homes that they will end
with listing and selling
that unless you wait for a
up renting out anyway.
your home.
Cunningham Group @ RE/MAX Advantage 10075 South Eastern Ave. #103 Henderson, NV 89052