ROB REPORT
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D E IN R C 7 ON D AY TR S! AC
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SUMMERLIN, LAS VEGAS & HENDERSON April 2017
CALL robjensen.com
702.605.7480
7 Cross Ridge Street
The Ridges |
1,299,000
$
This elegant single story home is located behind a second gate in the Topaz Ridge enclave within The Ridges – Las Vegas’ most exclusive guard gated residential community. The private courtyard entryway features manicured landscaping, a peaceful, trickling fountain, and spacious seating areas. The expertly designed elements of the home allow natural light to flow throughout this expansive 4,173 square foot residence.
SOLD PROPERTIES | ADDRESS
SF
SOLD PRICE
SUMMERLIN, LAS VEGAS & HENDERSON PRICE /SF
ADDRESS
SF
SOLD PRICE
PRICE /SF
GATED Barrington
11551 Lampeter Court
3,695
Summerlin $825,000 $223
Serrano
609 Tandoori Lane
Summerlin 4,582 $1,125,000 $246
Canyon Crest*
Summerlin
Park Trail Estates*
Las Vegas
Canyon Ridge*
Summerlin
The Lakes, Northshore & Beachview Estates
Las Vegas
Canyon Terrace
9521 Canyon Mesa Drive
3,290
Summerlin $755,000 $229
Desert Trails* Mira Villa
9205 Tesoras Drive #202
Summerlin 2,333
Summerlin $675,000 $289
2812 High Sail Court
4,305 $1,250,000
$290
Seven Hills - Marquis*
Henderson
Seven Hills - Portofino*
Henderson
Sky Terrace*
Henderson
Hello Friends, The spring home buying and selling season is off to a strong start. The sales volume is up significantly since last month and March of last year. However, there is still a lot of inventory on the market for buyers to choose from based on our absorption rate numbers. This means that now, more than ever, it's critical for home sellers to have the best marketing, the best condition and the best price in order to compete and get your home sold in this market. Here’s an overview of what you should know when selling your luxury home: Marketing - Your home deserves a level of marketing that is commensurate with the quality of your property. High-impact effective marketing is a key factor in getting your home shown and offers submitted. Your luxury home’s marketing is more than taking a few photos and listing it on MLS. We provide you with professional photography, copywriting, video production, staging, printed marketing materials, and a national and international online presence that grabs the attention of qualified potential buyers. Condition - The most important aspect of this factor is that living in a home is completely different than selling a home. Regardless of its immaculate condition, a home that is not properly staged for sale will always stay on the market longer than one that is. Price - In the Las Vegas luxury market, there is a well-defined demand curve that shows offer potential for any given property, at any given price. Price your property on that curve and you will receive offers. Price your home above the curve and it will go stale without offers. There is a science to understanding the optimal selling price for every property. We focus our pricing expertise in the specific guard gated and select gated communities in Summerlin, Las Vegas, and Henderson which appear in every issue of the Rob Report. Please contact me at 702-605-7480 if you’re sincerely interested in selling you home for top dollar. I’ll be glad to explain exactly how our expertise can be used to your advantage. Sincerely,
Rob Jensen Broker/President
SOLD PROPERTIES | ADDRESS
SF
SOLD PRICE
SUMMERLIN, LAS VEGAS & HENDERSON
PRICE /SF
ADDRESS
SF
SOLD PRICE
PRICE /SF
GUARD GATED Aventura 212 Valiente Street
3,023
Summerlin $823,000 $272
Bellacere*
Summerlin
Canyon Fairways*
Summerlin
Corta Bella 8820 Rozetta Court (SS)
3,946
Summerlin $585,000 $148
Country Club Hills 9004 Thornbury Lane 1621 Wincanton Drive (SS)
3,503 3,192
Summerlin $784,000 $224 $575,000 $180
Country Rose Estates 2212 Timber Rose Drive
3,231
Summerlin $430,000 $133
Eagle Hills 1900 Soaring Court
4,199
Summerlin $1,060,000 $252
Eagle Rock 9705 Plateau Heights Place
3,556
Summerlin $544,000 $153
Mountain Trails*
Summerlin
The Palisades*
Summerlin
Red Rock Country Club 2175 Alcova Ridge Drive 1991 Alcova Ridge Drive 2225 Alcova Ridge Drive (SS) 11377 Cedar Log Court 2805 Evening Rock Street (SS) 2844 Evening Rock Street 11635 Evergreen Creek Lane 11513 Glowing Sunset Lane 11681 Glowing Sunset Lane 11444 Glowing Sunset Lane 11321 Golden Chestnut Place 2536 Grassy Spring Place 3338 Mission Creek Court 11463 Morning Grove Drive 2087 Orchard Mist Street 3023 Red Springs Drive 3067 Red Springs Drive (REO) 2846 Soft Horizon Way The Ridges 4222 Bronze Ridge Street 4165 Bronze Ridge Street 32 Coralwood Drive 11 Drifting Shadow Way 8 Gemstar Lane 82 Meadowhawk Lane 61 Meadowhawk Lane 19 Midnight Ridge Drive 26 Olive Ridge Drive 35 Panorama Crest Avenue 33 Promontory Ridge Drive
5,037 5,037 5,037 3,455 4,423 2,712 5,209 3,671 3,147 2,325 3,823 4,083 2,160 4,205 4,257 3,823 2,160 2,508
Summerlin $1,300,000 $258 $1,005,000 $200 $894,000 $177 $720,000 $208 $825,000 $187 $599,900 $221 $1,919,800 $369 $1,250,000 $341 $955,000 $303 $685,000 $295 $1,100,000 $288 $1,025,000 $251 $505,000 $234 $1,200,000 $285 $929,000 $218 $1,115,000 $292 $565,000 $262 $610,000 $243
4,888 4,893 3,546 5,102 3,546 7,888 5,320 5,762 4,180 4,380 5,934
Summerlin $1,999,000 $409 $1,518,855 $310 $995,256 $281 $2,500,000 $490 $1,132,963 $320 $3,544,500 $449 $1,750,000 $329 $2,649,507 $460 $1,203,764 $288 $1,400,000 $320 $2,250,000 $379
Tournament Hills* The Vineyards 1629 Saintsbury Drive (SS) Willow Creek* *No closed sales for the month of March
Summerlin 3,927
Summerlin $625,000 $159 Summerlin
Canyon Gate 8901 Canyon Springs Drive 8629 Canyon View Drive 2305 Glenbrook Way 8817 Robinson Ridge Drive 8608 Scarsdale Drive
4,080 4,407 3,729 2,909 9,931
Las Vegas $870,000 $213 $975,000 $221 $848,888 $228 $575,000 $198 $1,788,000 $180
One Queensridge Place 9101 Alta Drive #1403 9101 Alta Drive #207 9103 Alta Drive #501
2,638 2,271 4,826
Las Vegas $1,150,000 $436 $715,000 $315 $2,200,000 $456
Queensridge 9700 Gavin Stone Avenue 2,773 9501 Orient Express Court 24,180 9529 Queen Charlotte Drive (REO) 3,330 9701 Royal Lamb Drive 3,290
Las Vegas $575,000 $207 $6,200,000 $256 $648,199 $195 $525,000 $160 Las Vegas
Regency at the Lakes* Southern Highlands 3399 Birchwood Park Circle 16 Chinese Fir Drive 18 Eagle Knoll Court 54 Grand Masters Drive 12057 Oakland Hills Drive (REO)
3,151 3,904 4,119 4,990 4,113
Las Vegas $630,000 $200 $920,000 $236 $900,000 $218 $1,100,000 $220 $809,000 $197 Las Vegas
Spanish Hills* Spanish Trail 8220 Turtle Creek Circle
4,134
Las Vegas $816,000 $197
Ten Oaks 7428 Silver Palm Avenue
3,218
Las Vegas $805,000 $250
Anthem Country Club 11 Caprington Road 9 Contra Costa Place 18 Crystal Tree Pass 61 Emerald Dunes 31 Gladewater Drive 27 Kittansett Loop 23 Moraine Drive 8 Paradise Valley Court 17 Summit Walk Trail
2,076 3,249 5,695 2,262 1,905 3,374 3,253 7,238 3,421
Henderson $390,000 $188 $595,000 $183 $925,000 $162 $419,000 $185 $410,000 $215 $757,500 $225 $550,000 $169 $2,300,000 $318 $740,000 $216
The Fountains 2335 Dolphin Court 2233 Versailles Court (SS)
6,089 3,302
Henderson $1,300,000 $213 $450,000 $136
Hillsboro Heights*
Henderson
Legacy Estates*
Henderson
MacDonald Highlands 532 Regents Gate Drive 407 Stone Lair Court
3,968 5,037
Henderson $1,170,000 $295 $1,050,000 $208
Roma Hills 1799 Mezza Court
3,209
Henderson $920,000 $287
Seven Hills - Rapallo* Seven Hills - Terracina/Venezia 9,649 1539 Teramo Street 7,971 1599 Villa Rica Drive 5,958 1350 Villafranca Circle
Henderson Henderson $2,200,000 $228 $1,625,000 $204 $1,360,000 $228
REO - Bank Owned Foreclosure | SS - Short Sale
11494 Glowing Sunset Lane
This pristine golf course single story home is Country Club on the 11th tee of the private Mo into 2,712 square feet of gorgeous flagstone floo Douglas shades, and Newport-inspired wood tr
Red Rock Country Club
| $889,000
located behind the West Gate of Red Rock untain Course. A gated front courtyard leads oring, crown moldings, wood shutters, Hunter m accents that are sure to impress.
HOW’S THE MARKET? | HOME PRICING
GUARD GATED SALES STATISTICS - March
HOMES FOR SALE
IN ESCROW
SOLD
EXPIRED
ABS RATE/ MONTH
$500-$750K
99
52
25
11
6.8
$750K-$1MM
95
26
18
5
10.2
$1-$1.5MM
114
26
17
5
11.2
$1.5-$2MM
46
26 Sales in Last 6 Months
7
6
4
12.7
$2-$2.5MM
30
18 Sales in Last 6 Months
4
4
0
12
$2.5-$3MM
29
6 Sales in Last 6 Months
2
2
2
26.6
$3-$4MM
28
7 Sales in Last 6 Months
5
1
2
28.3
$4MM+
52
2 Sales in Last 6 Months
1
1
2
159
MARKET TRENDS |
MONTHLY & YEARLY
Sold Properties
74 41 Feb '17
Mar '17
Active Listings
+80%
561
616
+9.8%
Month over Month
Feb '17
Mar '17
Month over Month
Sold Properties
-1.4%
74
+61%
625
616
Mar '17
Year over Year
Mar '16
Mar '17
46 Mar '16
Active Listings
Year over Year
702.605.7480 | robjensen.com
198 Inveraray Court
Legacy Estates
| $1,299,000
This expertly crafted estate, located on an immense lot, includes a rare attached 1,250+ square foot private entry guest wing which will impress even the most demanding in-laws or the needs of any still nesting 20-something. The guest wing features a full kitchen, family room, bonus room, master bedroom suite, private backyard enclave, laundry room, and twocar garage.
robjensen.com
702.605.7480
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135
33 Promontory Ridge Drive
0, 00 0
S $2 O ,2 L 5 D
!
The Ridges | Promontory
Inside Featured Properties,
Closed Sales, and Trends for 43 Guard Gated & Select Gated Communities in Summerlin, Las Vegas, and Henderson! Thoughts of Selling?
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Call us today to sell your home! 702.605.7480