Rob's Report - January 2020

ROB'S REPORT SUMMERLIN, L AS VEGAS, & HENDERSON JANUARY 2020

TOP 19 SALES OF 2019!

Dear Friends, Happy New Year! 2019 was a blockbuster year for guard gated real estate in Las Vegas, and 2020 is off to a strong start. Last year we saw $939,525,956 in total guard gated sales volume—$13,068,164 more than we did in 2018.

As far as transactions go, there were 701 closed guard gated sales in 2019 and 704 in 2018. In this newsletter, you’ll find a recap of the Top 19 Guard Gated Home Sales of 2019. This list only includes single family homes in Summerlin, Las Vegas, and Henderson—no condos were included. First, let’s look at some trends…

Once again, The Ridges proved its appeal to luxury home buyers and dominated the list with 10 homes in the top 19 (compared to 8 homes in 2018). MacDonald Highlands also seems to be on the rise with 3 homes on the list (compared to just 1 home in 2018).

As is often the case, luxury home buyers are still showing a strong desire for new and renovated properties. Only 1 home on our list was built before the year 2000, and it was extensively remodeled. Homes built before 2015 had an average price per square foot of $423, compared to $610 for homes built in 2015 or later. Over half of the homes on our list were built in the last 5 years—and many of those that were built earlier have been modernized with high-end upgrades and renovations.

As always, homes with desirable amenities fared well in 2019. From a 10seat pub-style bar to an expansive rooftop deck to a garage with room for 17 cars, the ultra-luxurious amenities found in these estates are truly spectacular. 8 of these properties have golf course frontage, 7 have casitas, and 5 have basements. Additionally, every home on our list features a pool, and all but 2 feature a home theatre or media room. To see more photos and specs, look for the blog post on our website at www.RobJensen.com.

As luxury real estate professionals, we at the Rob Jensen Company understand all of the factors that influence a home’s value. If you want a head start on making your home one of the Top 20 Home Sales of 2020, give us a call. We’d be happy to help!

Sincerely,

Rob Jensen Broker / President

HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - DECEMBER PRICE RANGE

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500K-$750K

86

28

18

7

4.9

$750K-$1M

72

24

9

5

7.1

$1M-$1.5M

81

22

17

6

5.6

$1.5M-$2M

52

12

8

7

8.5

$2M-$2.5M

36

2

2

0

15.2

$2.5M-$3M

17

4

1

3

42

$3M-$4M

34

5

1

1

19.5

$4M+

55

2

5

7

14.3

*ABS(orption) rate is the length of time (in months) that it takes to sell current inventory. This is calculated by adding homes FOR SALE and homes UNDER CONTRACT and dividing the total by the average number of monthly sales for the last 2 months. Source: Multiple Listing Service (MLS), 1/1/20. We add pending and contingent sales to the active listings; otherwise, they'd be counted twice as sales or might even fall out of escrow.

MARKET TRENDS |

MONTHLY & YEARLY

ACTIVE LISTINGS

CLOSED SALES

532

61

-27% over last month +2% over last year

-10.4% over last month +3.1% over last year Month over Month Dec '19 Nov '19

Month over Month 532 594

Year over Year Dec '19 Dec '18

Dec '19

61 83

Nov '19 Year over Year

532 516

Dec '19

61

Dec '18

60

#1

5212 Spanish Heights Drive Spanish Hills

$16,000,000 | 20,843 SF

#2

1198 MacDonald Ranch Drive MacDonald Highlands $7,000,000 | 23,554 SF

#3

19 Flying Cloud Lane The Ridges

$6,500,000 | 12,445 SF

#4

15 Flying Cloud Lane The Ridges

$6,350,750 | 12,025 SF

#5

#6

The Ridges

The Ridges

59 Promontory Ridge Drive

$6,250,000 | 13,943 SF

92 Sun Glow Lane

$5,500,000 | 9,311 SF

#7

1210 MacDonald Ranch Drive MacDonald Highlands

$5,450,000 | 8,495 SF

#8

#9

The Ridges

Southern Highlands

11 Sable Ridge Court

$5,250,000 | 10,298 SF

27 Shawdow Canyon Court

$5,000,000 | 9,686 SF

#10

5116 Spanish Heights Drive Spanish Hills

$4,950,000 | 16,832 SF

#11

13 Cloud Chaser Boulevard Ascaya

$4,590,000 | 6,441 SF

#12

#12

The Ridges

MacDonald Highlands

4 Flying Cloud Lane

$4,550,000 | 8,567 SF

591 Lairmont Place

$4,550,000 | 10,018 SF

#14

#15

The Ridges

Seven Hills Terracina

26 Sun Glow Lane

$4,430,000 | 6,928 SF

2610 Matrino Circle

$4,335,000 | 8,785 SF

#16

#16

The Ridges

The Ridges

44 Sun Glow Lane

$4,100,000 | 6,016 SF

23 Sun Glow Lane

$4,100,000 | 7,607 SF

#18

#18

The Ridges

Eagle Hills

65 Meadowhawk Lane

$4,000,000 | 9,602 SF

2037 Grouse Street

$4,000,000 | 12,274 SF

10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135

SOLD PROPERTIES | GUARD GATED FOR THE MONTH OF DECEMBER 2019

LAS VEGAS

SUMMERLIN ADDRESS Country Club Hills 1600 Bayonne Drive 9108 Crystal Lake Court 2012 Glenview Drive 1821 Wincanton Drive Eagle Hills 1901 Red Robin Court Eagle Rock 700 Pinnacle Heights Lane Mountain Trails 9801 Glenrock Drive 9804 Mountain Grove Court 9812 Mountain Grove Court Red Rock Country Club 11639 Glowing Sunset Lane 2168 Orchard Mist Street The Ridges 19 Flying Cloud Lane 29 Garden Shadow Lane 76 Grey Feather Drive 42 MoonďŹ re Drive 80 Pristine Glen Street 11457 Rhodolite Court 4 Wild Ridge Court The Vineyards 1309 Reisling Court 1201 Saintsbury Drive Willow Creek 3015 Lullingstone Street

SF

PRICE

P/SF

4,801 4,399 3,609 3,163

$1,125,000 $1,075,000 $917,500 $675,000

$234 $244 $254 $213

5,173

$1,400,000

$271

3,322

$639,000

$192

6,157 7,450 5,559

$1,615,000 $2,100,000 $1,600,000

$262 $282 $288

4,443 5,224

$1,915,000 $1,445,000

$431 $277

12,445 3,562 4,172 4,618 3,562 4,893 7,884

$6,500,000 $1,340,000 $1,460,000 $1,999,000 $1,265,000 $1,780,000 $3,250,000

$522 $376 $350 $433 $355 $364 $412

3,800 4,042

$1,079,850 $1,280,000

$284 $317

4,016

$750,000

$187

*No closed sales for the month of December In Aventura, Bellacere, Canyon Fairways, Corta Bella, Country Rose Estates, The Palisades, Tournament Hills, Regency at the Lakes, Spanish Trail, Ten Oaks, Legacy Estates, Roma Hills, and Seven Hills - Rapallo REO - Bank Owned Foreclosure

ADDRESS

SF

Canyon Gate 8900 Canyon Springs Drive 8612 Canyon View Drive 1909 Iron Ridge Drive 8604 Scarsdale Drive Queensridge 9509 Queen Charlotte Drive Southern Highlands 3362 Birchwood Park Circle 11777 Canons Brook Drive 18 Castle Oaks Court 11696 Oakland Hills Drive 3356 Saddlebrook Street 27 Shadow Canyon Court Spanish Hills 5116 Spanish Heights Drive

PRICE

P/SF

8,850 5,750 5,506 4,738

$1,668,000 $750,000 $1,000,000 $845,000

$188 $130 $182 $178

3,855

$795,000

$206

3,165 2,742 6,047 6,198 3,220 9,686

$650,000 $520,000 $2,000,000 $1,950,000 $750,000 $5,000,000

$205 $190 $331 $315 $233 $516

16,832

$4,950,000

$294

HENDERSON ADDRESS Anthem Country Club 2 Annadale Court 9 Club Vista Drive 17 Contra Costa Place 69 Feather Sound Drive 17 Isleworth Drive 3 Pine Hollow Drive 4 Starbrook Drive The Fountains 2314 Prometheus Court Hillsboro Heights 1881 Woodhaven Drive MacDonald Highlands 1407 Foothills Village Drive Seven Hills - Terracina/Venezia 2610 Matrino Circle 1382 Ruby Sky Court 1371 Ruby Sky Court (REO)

SF

PRICE

P/SF

1,833 5,624 2,614 2,513 3,942 4,025 3,863

$590,000 $1,150,000 $700,000 $619,000 $1,150,000 $1,215,000 $1,625,000

$322 $204 $268 $246 $292 $302 $421

4,069

$719,900

$177

4,512

$727,900

$161

2,792

$852,000

$305

8,785 6,710 8,360

$4,335,000 $2,500,000 $1,233,750

$493 $373 $148