Rob's Report - August 2017

ROB'S REPORT SUMMERLIN, L AS VEGAS, & HENDERSON A u g u s t 2 0 17

CALL robjensen.com

702.605.7480

36 Tapadero Lane | The Ridges

$1,799,000

4 Bedrooms | 4 Full Bathrooms, 1 Powder Room | 3,766 Square Feet Stunning single story in The Ridges with unobstructed views of the Las Vegas Strip & double fairway golf course. An inspiring setting complete with a heated pool with spa, double builtin BBQs, surround sound, and a lovely patio area with a fire pit. There is even a professional putting green with chipping mounds & sand trap. This is an amazing opportunity for a spectacular home in a post-card setting.

SOLD PROPERTIES | GATED FOR THE MONTH OF JULY 2017

SUMMERLIN ADDRESS Barrington No closed sales for the month.

Canyon Crest 10116 Cresent Mesa Lane Canyon Ridge 609 Summer Mesa Drive Canyon Terrace 304 Mesa Rim Court Desert Trails No closed sales for the month.

Mira Villa 9144 Tesoras Drive #301 9141 Tesoras Drive #201 Serrano No closed sales for the month.

LAS VEGAS SOLD PRICE

SF

PRICE/ SF

ADDRESS The Lakes No closed sales for the month.

Park Trail Estates No closed sales for the month.

5,019

$1,015,000

$202

2,410

$600,000

$249

2,516

2,497 2,497

$575,000

$790,000 $765,000

$229

$316 $306

SF

SOLD PRICE

PRICE/ SF

$1,820,000

$303

HENDERSON Seven Hills - Marquis No closed sales for the month.

Seven Hills - Portofino 1305 Dilevante Drive 6,002 Sky Terrace No closed sales for the month.

Dear Friends, We constantly monitor what’s happening in and around our guard gated communities and would like to share with you some recent updates.

New Schools – Summerlin is widely regarded as having some of the best private and public schools in all of Clark County, and now there are two new additions: The Shelley Berkley Elementary School in The Cliffs village and the Billy and Rosemary Vassiliadis Elementary School in The Paseos. These two new public schools will be open for the upcoming school year.

Toll Brothers Expansion at Mira Villa – The prominent Las Vegas homebuilder purchased 10 acres of land at Summerlin’s Mira Villa luxury condominium complex located at Rampart Boulevard and Canyon Run Drive. The company plans to finish development of the project and add a total of 103 new upscale units.

Soaring Home Sales – The sales of homes in Las Vegas are soaring! According to GLVAR (Greater Las Vegas Association of Realtors) the number of homes sold in the first six months of this year is the highest in the last five years. Through the first half of 2017, statistics from GLVAR show that 22,331 existing local homes, condos, and townhomes were sold throughout Southern Nevada. Available home inventory continues to shrink, and it’s a seller’s market right now.

There are plenty of other events going on in our guard gated communities but not enough room in this letter to publish it all. Please call me at 702-605-7480 if you’d like to learn more about the local luxury home market or are interested in selling your home while the market is hot!

Sincerely,

Rob Jensen Broker/President

FOR THE MONTH OF| APRIL 2017 SOLD PROPERTIES GUARD GATED FOR THE MONTH OF JULY 2017

SUMMERLIN ADDRESS Aventura 201 Aventura Street

SF

LAS VEGAS SOLD PRICE

PRICE/ SF

Eagle Hills 1904 Red Robin Court

$182 $211

$272

One Queensridge Place 9101 Alta Drive #601

4,792

$2,235,000

$466

Queensridge 9417 Garnet Crown Avenue 300 Queens Gate Court 712 Pont Chartrain Drive (SS) 9600 Royal Lamb Drive

3,855 4,468 4,621 3,417

$655,000 $769,998 $865,000 $620,000

$170 $172 $187 $181

Regency at the Lakes* Southern Highlands 68 Grand Masters Drive 37 Pebble Dunes Court

3,940 6,816

$1,095,000 $2,150,000

$278 $315

$236 $232 $312

Spanish Hills 5087 Spanish Heights Drive 5114 Spanish Hills Drive

4,150 12,181

$922,500 $3,250,000

$222 $267

Spanish Trail* Ten Oaks*

SF

Anthem Country Club 28 Candlewyck Drive 4 Caprington Road 48 Contra Costa Place 11 Dry Brook Trail 6 Hassayampa Trail 17 Mohansic Road

SOLD PRICE

PRICE/ SF

3,062 1,905 3,374 3,942 4,280 2,162

$899,000 $475,000 $735,000 $1,207,000 $1,025,000 $425,000

$294 $249 $218 $306 $239 $197

The Fountains 2221 Chatsworth Court

5,127

$830,000

$162

Hillsboro Heights* Legacy Estates* MacDonald Highlands 1720 Choice Hills Drive 1493 Foothills Village Drive 1569 Foothills Village Drive 1402 Foothills Village Drive 1426 Foothills Village Drive 586 Lairmont Place 1371 Quiet River Avenue 1359 Quiet River Avenue

3,190 9,227 5,277 4,107 3,739 13,163 5,037 5,037

$805,000 $2,700,000 $1,999,000 $900,000 $900,000 $4,000,000 $1,092,500 $1,060,000

$252 $293 $379 $219 $241 $304 $217 $210

Roma Hills 771 Latina Court (SS) 771 Tozzetti Lane

5,052 5,776

$625,000 $1,100,000

$124 $190

Seven Hills - Terracina/Venezia 1523 Villa Rica Drive 6,011

$1,646,686

$274

8,280

$2,249,900

3,231 2,289

$485,000 $375,000

$150 $164

6,110

$1,860,000

$304

Mountain Trails 6,894 5,776 8,422

$1,630,000 $1,340,000 $2,625,000

The Palisades 200 Luxaire Court

6,214

$1,426,000

$229

Red Rock Country Club 1959 Alcova Ridge Drive 1980 Alcova Ridge Drive 11640 Evergreen Creek Lane 1954 Orchard Mist Street 2740 Peaceful Grove Street 11516 Snow Creek Avenue 11327 Winter Cottage Place

3,402 2,526 3,489 3,686 3,579 3,455 4,287

$750,000 $545,000 $1,075,000 $965,000 $1,129,000 $749,000 $1,103,000

$220 $216 $308 $262 $315 $217 $257

5,032 4,618 10,693 5,856 5,032 4,618 3,797 4,172 3,562 7,581

$2,270,373 $1,879,583 $5,000,000 $2,650,000 $1,860,889 $1,699,000 $1,400,000 $1,210,000 $995,000 $2,300,000

$335 $335 $468 $453 $370 $368 $369 $290 $279 $303

1521 Champion Hills Lane 8917 Greensboro Lane

6,819 4,690

$1,725,000 $1,475,000

$253 $314

The Vineyards* Willow Creek 2962 Hammerwood Drive 10707 Hobbiton Avenue

4,311 3,478

$768,000 $742,500

$178 $213

The Ridges 4146 Bronze Ridge Street 4150 Bronze Ridge Street 5 Echo Peak Lane 70 Hawk Ridge Drive 4207 Lapis Ridge Court 4208 Lapis Ridge Court 4212 Lapis Ridge Court 15 Olive Ridge Drive 71 Pristine Glen Street 26 Skybird Court

PRICE/ SF

$500,000 $865,000

$207

Eagle Rock* 2300 Cedardale Place 9833 Glenrock Drive 9813 Moon Valley Place

SOLD PRICE

2,747 4,092

$625,000

Canyon Fairways Corta Bella* Country Club Hills* Country Rose Estates 9813 Cantebury Rose Lane 9812 Cantebury Rose Lane

SF

Canyon Gate 8705 Double Eagle Drive 8621 Titleist Circle

3,023

Bellacere* 816 Canyon Greens Drive

ADDRESS

Tournament Hills

robjensen.com

702.605.7480

*No closed sales for the month of July

HENDERSON ADDRESS

Seven Hills - Rapallo*

REO - Bank Owned Foreclosure

SS - Short Sale

9012 Night Owl Court | Eagle Hills

$1,099,000

6 Bedrooms | 4 Full Bathrooms, 1 Powder Room | 5,624 Square Feet This custom home in exclusive Eagle Hills is an architectural masterpiece. The convenient porte-cochere centers on a double, custom glass door entryway. The foyer, with a circular staircase and two levels of cathedral rotundas filled with custom glass windows, flows natural light through the home.

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

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500-$750K

119

42

20

5

6.5

$750K-$1M

114

23

12

9

9.3

$1-$1.5M

95

21

14

6

7

$1.5-$2M

48

7

8

2

12.7

$2-$2.5M

21

8

5

1

9.2

$2.5-$3M

28

4

3

0

16

$3-$4M

27

2

2

2

13.4

$4M+

52

4

2

3

67.2

* 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), 8/1/17.

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

615

66

1.6% over last month 3.1% over last year

18% over last month 12% over last year Month over Month

Month over Month July '17

615

July '17

June '17

625

June '17

July '16

80

Year over Year

Year over Year July '17

66

615 635

July '17 July '16

66 59

Thinking of buying or selling? Give us a call at 702.605.7480

3183 Elk Clover Street | Red Rock Country Club

$1,050,000

3 Bedrooms & Den (Opt. 4th Bedroom) | 4 Full Bathrooms, 1 Powder Room | 3,823 Square Feet This beautiful single-story home is located behind the East Gate of Red Rock Country Club and overlooks the 10th tee of the private Mountain course providing spectacular golf course views. The custom stone faรงade, natural grass front lawn, and manicured landscaping wows with curb appeal. A gated entry courtyard welcomes you and opens to custom tile foyer and a monstrous great room complete with fireplace, entertainment center nook, granite-topped wet bar, and beverage refrigerator.

Call 702.605.7480 or visit us online at robjensen.com

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

!

D L SO

2971 Red Arrow Drive | Red Rock Country Club

$2,100,000

"I recently sold a large home in the Las Vegas area due only to the efforts of the Rob Jensen Team of Realtors. They were hard working and constantly showed our home during a difficult market time in our price range. I would recommend them to buyers and sellers." - Jan Wells, Seller

Inside: Featured Properties, Closed Sales, and Trends for 43 Guard Gated & Select Gated Communities in Summerlin, Las Vegas, and Henderson!

Like us online at facebook.com/robjensencompany