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Cunningham Group Client Newsletter
FEB. 2013
Volume 1, Issue 1 facebook.com/cgroupvegas
3 Tips for New Investors By Shawn Cunningham
twitter.com/cgroupvegas 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
Inside this issue: John Longstreet, Loan Officer 20 Years of Experience in Mortgage Industry Cell (702) 250-0688 Office (702) 492-5077 Office jlongstreet@houseloan.com johnlongstreet.net
Cunningham Group @ RE/MAX Advantage 10075 South Eastern Ave. #103 Henderson, NV 89052
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LAS VEGAS, NORTH LAS VEGAS, HENDERSON & BOULDER CITY SINGLE FAMILY RESIDENCE– DECEMBER 2012 AREA
LISTED
SH SALE REO LISTED LISTED CLOSED
% SOLD
DAYS ON MARKET
MONTHS SUPPLY
LIST PRICE (MEDIAN)
CLOSE PRICE (MEDIAN)
North
(101-103)
547
127
91
602
110.1%
22
0.9
$135,000
$133,800
East
(201-204)
386
73
50
283
73.3%
21
1.4
$87,000
$87,500
South
(301-303)
331
69
40
301
90.9%
22
1.1
$134,900
$135,000
NW
(401-405)
745
127
72
559
75.0%
24
1.3
$154,142
$153,900
SW
(501-505)
880
129
85
644
73.2%
25
1.4
$174,900
$175,000
Henderson (600’s)
656
109
61
472
72.0%
21
1.4
$184,900
$184,900
Boulder City (700’s)
58
5
2
18
31.0%
38
3.2
$172,500
$159,250
TOTAL
3,603
639
401
2,879
79.9%
25
1.3
$149,049
$147,050
YTD AV.
55,580
16,830 6,461 35,721
61.2%
36
1.7
$142,501
$139,381
Closed Properties in December 2012 Resale 1508 43.3%
NORTHWEST 401 - 405
Short Sale 1641 47.1%
NORTH 101-103
RA
NC H
O
-
R TE IN
EAST 201-204
CHARLESTON
Short Sale
REO
SOUTH 301-303
SOUTHWEST 501-505
REO 334 9.6%
DE
R
HENDERSON 601-606
EASTERN
INTERSTATE 15
Resale
BO UL
BOULDER CITY 701-702
Ticor Title of Nevada, Inc. ~ (702) 932-0777 CONDOMINIUM & TOWNHOUSE– DECEMBER 2012 AREA
LISTED
SH SALE REO LISTED LISTED CLOSED % SOLD
DAYS ON MARKET
MONTHS SUPPLY
LIST PRICE (MEDIAN)
CLOSE PRICE (MEDIAN)
North
(101-103)
49
14
9
41
83.7%
15
1.2
$64,000
$67,000
East
(201-204)
135
39
13
38
28.1%
14
3.6
$48,000
$46,750
South
(301-303)
196
32
25
115
58.7%
30
1.7
$68,000
$65,000
NW
(401-405)
187
24
19
147
78.6%
26
1.3
$68,500
$68,000
SW
(501-505)
179
44
35
144
80.4%
21
1.2
$75,000
$76,500
Henderson (600’s)
129
23
18
91
70.5%
14
1.4
$90,000
$92,000
Boulder City (700’s)
19
5
1
0
0.0%
0
0
$0.00
$0.00
894
181
120
576
64.4%
20
1.6
$68,917
$69,208
11,023
3,802
1,704
7,403
68.4%
31
1.9
$66,200
$65,580
TOTAL YTD AV.
Information is deemed to be accurate but not guaranteed. Report includes resale homes, condominiums & townhomes only.
3,163 SINGLE FAMILY, CONDOS, & TOWNHOMES CLOSED IN DECEMBER 2012. OF THESE 1909 WERE PURCHASED CASH, 888 WERE CONVENTIONAL FINANCING, 511 FHA FINANCING AND 116 VA FINANCING.
Cunningham Group @ RE/MAX Advantage 10075 South Eastern Ave. #103 Henderson, NV 89052
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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
à
SHAWN: (702) 530-5002 Fax: (866) 220-3152 shawn@cgroupvegas.com
à
KYLE: (702) 530-5008 Fax: (866) 220-9014 kyle@cgroupvegas.com
OWNER TIPS By Kyle Cunningham Some people confuse
a security deposit. The deposit
that the money acts as
“First & Last Month's Rent” with
is held in a brokerage trust
leverage for a tenant to leave
a “Security Deposit”. Laws that
account and cannot be touched
the property in great condition
govern the use of rents vary
unless the tenant vacates the
when they move out. If we
substantially from those that
property.
were to take “First & Last
involve security deposits. Our company requires
The security deposit is then 100% refundable minus
all of our tenants to remit an
any expenses that are incurred
amount of money equal to one
to restore the property to the
month's rent (at least) in
condition it was in when the
addition to their first month's
tenant first moved in.
rent before they can move in. This additional money is called
The benefit of taking a
Month's Rent”, that money would never be returned to the tenant and thus would not provide any real security for the owner as the tenant would have no real motivation to leave the property in good condition.
reasonable security deposit is
Cunningham Group @ RE/MAX Advantage 10075 South Eastern Ave. #103 Henderson, NV 89052