Rob's Report - April 2017

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!

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Call us today to sell your home! 702.605.7480