Rob's Report – December 2016

ROB REPORT SUMMERLIN, LAS VEGAS & HENDERSON December 2016

CALL robjensen.com

702.605.7480

2971 Red Arrow Drive

The Estates at Red Rock Country Club |

2,500,000

$

This exceptional custom home, situated behind the secondary gate of The Estates, features wide open spaces, luxurious finishes, and unparalleled mountain views. Tremendous 35-foot vaulted ceilings lead into the open, spacious great room where you can enjoy the panoramic landscape from the grand windows. The well-appointed kitchen boasts high-end Thermador, Bosch, and Sub-Zero appliances. Located on the 15th and 16th holes of the private Arnold Palmer Mountain Course, experience the finest in golf course living.

SOLD PROPERTIES |

SUMMERLIN, LAS VEGAS & HENDERSON

SOLD PROPERTIES |

GATED Barrington

Summerlin

Park Trail Estates

Las Vegas

The Lakes, Northshore & Beach View Estates

Las Vegas

Seven Hills - Portofino

Henderson

No closed sales for the month of November.

Canyon Crest

Summerlin

No closed sales for the month of November.

Canyon Ridge

$733,000

Summerlin $281

$760,000 $675,000

Summerlin $259 $268

No closed sales for the month of November.

Summerlin

No closed sales for the month of November.

4,385 4,058

$830,000 $720,000

No closed sales for the month of November.

612 Via Linda Court

Canyon Terrace

9505 Canyon Mesa Drive 9533 Canyon Mesa Drive

2,613 2,934 2,516

Desert Trails

No closed sales for the month of November.

2317 Timberline Way GUARD GATED

Serrano

Summerlin $189 $177

173 Brushton Court 208 Villa Borghese Street

No closed sales for the month of November.

Sky Terrace

Henderson

Aventura*

Summerlin

Bellacere*

Summerlin

Canyon Fairways*

Summerlin

Corta Bella

1805 Corta Bella Drive

Country Club Hills

9004 Rolling Knoll Court

Country Rose Estates

2217 Scarlet Rose Drive 9608 Silver Rose Lane

Eagle Hills

2009 Grouse Street 2132 Redbird Drive

Dear Friends, We exclusively specialize in working with buyers and sellers in 43 guard gated and select gated communities in Summerlin, Las Vegas, and Henderson. The real estate market statistics for these private residential communities are updated in every monthly Rob Report. Understanding what is happening in your market is valuable to both you and prospective buyers. Our expert understanding provides us the means to advise you on your best course of action when it comes time to buy or sell.

The Market Trends - Monthly and Yearly section of each Rob Report is a regular feature. It consists of two data points: Sold Properties and Active Listings. These statistics are categorized into both monthly and yearly figures. Each of these numbers provides a snapshot of your everchanging market at a particular point in time.

The Month over Month (MoM) figures provides a reflection of the most recent state of the market. These numbers may also reflect seasonal changes and event driven buyer sentiment.

The Year over Year (YoY) numbers provide a longer barometer of how the market is fairing.

Whether you’re buying or selling, these figures are important to you because they show whether pricing is headed up or down.

Take a look at the figures we’ve provided in this month’s Market Trends - Monthly and Yearly section. As the numbers show we’ve experienced a busy fall season. Sold Properties are up by 35% from the previous month and 27% year over year. Active Listings, which are homes on the market but not sold yet, are down 10.6% and 5.7% respectively. Therefore, event driven buyer sentiment is clearly up after the conclusion of the presidential election cycle.

Thinking about buying or selling? Take advantage of our expert knowledge of your marketplace trends and give us a call...we’re happy to help.

Sincerely,

Eagle Rock

441 Pinnacle Heights Lane 525 Pinnacle Heights Lane

Mira Villa

9141 Tesoras Drive #402

Summerlin $144 REO

3,041

$550,000

Summerlin $181

3,573 2,934

$450,000 $510,000

Summerlin $126 $174

3,332 3,517

$780,000 $945,000

Summerlin $234 $269

3,666 3,532

$635,000 $755,000

Summerlin $173 REO $214

22 Burning Tree Court 53 Sawgrass Court 55 Ventana Canyon Drive

2,109

$680,000

Summerlin $322

Ten Oaks

The Palisades*

Summerlin

Red Rock Country Club

1983 Alcova Ridge Drive 3318 Dove Run Creek Drive 3217 Elk Clover Street 2957 Red Springs Drive 11416 Sandstone Ridge Drive

The Ridges

10 Boulder Crossing Circle 4194 Bronze Ridge Street 82 Grey Feather Drive 19 Moonfire Drive 20 Meadowhawk Lane 56 Tapadero Lane 56 Wildwing Court

Tournament Hills

916 Trophy Hills Drive

The Vineyards

1208 Moselle Court 10905 Iris Canyon Lane 10911 Keymar Drive

Canyon Gate

1812 Bay Hill Drive 8752 Rainbow Ridge Drive 1605 Shadow Rock Drive

Queensridge

$582,750

Summerlin

4,578 3,455 3,823 3,455 2,712

$890,000 $700,000 $694,255 $600,000 $755,000

Summerlin $194 $203 $182 SS $174 $278

4,405 4,600 4,172 3,546 8,277 3,955 8,922

$1,250,000 $1,770,087 $1,200,000 $1,088,589 $3,425,000 $1,320,000 $2,575,000

Summerlin $284 $385 $288 $307 $414 $334 $289

8,445

$2,100,000

Summerlin $249

4,894

$1,200,000

Summerlin $245

3,091 3,395

$727,000 $847,500

Summerlin $235 $250

$506,000 $690,000 $425,000

Las Vegas $223 $219 $187

2,267 3,146 2,267

3,663

$558,500

One Queensridge Place

9101 Alta Drive #904 9101 Alta Drive #1003 9103 Alta Drive #1204 9103 Alta Drive #1407

4,034

Mountain Trails*

Willow Creek Rob Jensen Broker/President

SUMMERLIN, LAS VEGAS & HENDERSON

925 Granger Farm Way 1008 Meadowleah Street 304 Nottinghill Gate Court

$152

3,100 $1,450,000 2,638 $1,060,000 3,100 $1,300,000 2,271 $785,000

Las Vegas $468 $402 $419 REO $346

2,471 2,901 3,798

Las Vegas $207 $155 $151

$512,500 $450,000 $575,000

Regency at the Lakes*

Las Vegas

Southern Highlands

Las Vegas $302 $189

8 Castle Oaks Court 11807 Oakland Hills Drive

5,585 $1,688,888 5,938 $1,125,000

Spanish Hills*

Las Vegas

Spanish Trail

7432 Doe Avenue

Anthem Country Club

26 Braelinn Drive 17 Chatmoss Road 21 Contra Costa Place 20 Holston Hills Road 34 Moraine Drive 21 Morninglow Pass 12 Wade Hampton Trail

The Fountains

2285 Buckingham Court

6,361 $1,200,000 4,690 $625,000 6,111 $1,213,393

Las Vegas $189 $133 $199

5,047

$995,000

Las Vegas $197

2,614 1,833 3,421 2,513 2,513 3,848 5,092

$579,000 $375,000 $685,000 $435,000 $555,000 $780,000 $1,085,000

Henderson $221 $205 $200 $173 $221 $203 $213

4,100

$1,035,000

Henderson $252

Hillsboro Heights*

Henderson

Legacy Estates*

Henderson

MacDonald Highlands

513 Dragon Gate Court 7,344 1429 Foothills Village Drive 3,424 1481 Foothills Village Drive 7,139 1440 Macdonald Ranch Drive 5,725 663 Scenic Rim Drive 6,172

Roma Hills

768 Latina Court 1799 Mezza Court

4,742 3,209

$2,600,000 $766,250 $1,485,000 $1,800,000 $3,450,000

Henderson $354 $224 $208 REO $314 $559

$1,100,000 $603,750

Henderson $232 $188 REO

Seven Hills - Marquis*

Henderson

Seven Hills - Rapallo*

Henderson

Seven Hills - Terracina/Venezia*

Henderson

*No closed sales for the month of November.

HOW’S THE MARKET | HOME PRICING

GUARD GATED SALES STATISTICS - November

HOMES FOR SALE

IN ESCROW

SOLD

EXPIRED

ABS RATE*

$500-$750K

107

34

30

9

5.9

$750K-$1MM

98

17

12

7

8.5

$1-$1.5MM

103

14

15

6

11.1

$1.5-$2MM

35

4

4

1

7.5

$2-$2.5MM

35

3

1

0

13.4

$2.5-$3MM

21

4

2

0

21.4

$3-$4MM

30

3

2

1

22.0

$4MM+

43

0

0

1

64.5

MARKET TRENDS |

MONTHLY & YEARLY

Sold Properties

49

Oct ‘16

66

Nov ‘16

+35% Month over Month

Active Listings

551 Oct ‘16

Sold Properties

52

Nov ‘15

-10.6%

616

Nov ‘16

Active Listings

-5.7%

66

Nov ‘16

Month over Month

+27%

584

Year over Year

Nov ‘15

5146 Mountain Top Circle

Spanish Hills |

1,799,000

$

Showcasing custom finishes and fine materials, 5146 Mountain Top exceeds your highest expectations. Enjoy the fully finished basement with home theater, 6 en suite bedrooms, executive home office, and home gym with full-mirror wall. Revel in the inviting master bedroom and spa-like bath. Host epic pool parties with your swim-up bar and sunken outdoor kitchen.

779 Bolle Way

1,299,000

$

Tucked away in the guard gated community of Roma Hills is a one-of-a-kind custom home that combines large, open spaces with tumbled travertine, scrolled iron, and hard wood finishes.

Complete with chef's kitchen, game/entertainment loft, first floor master suite and casita, this palatial estate can be yours.

551 Nov ‘16

Roma Hills |

Year over Year

702.605.7480 | robjensen.com

robjensen.com

702.605.7480

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

!

D L

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86 Hawk Ridge Drive

Redhawk at The Ridges | $2,275,000

Inside Featured Properties,

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

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