Rob's Report – January 2016

ROB REPORT L A S

11476 Morning Grove Drive

robjensen.com

702.605.7480

V E G A S

& H E N D E R S O N J A N U A R Y 2 0 1 6

Red Rock Country Club | $1,595,000

Both the private front courtyard and golf course frontage make this home’s outdoor spaces as fine as its interior where refined luxury meets at-ease living. Whether preparing intricate meals in a gourmet kitchen, hosting elegant gatherings in its formal spaces, or simply unwinding with your favorite TV show, this home has you covered right down to the amazing master bedroom with a spa-like bath. Undoubtedly, this is a home to fall in love with. Schedule a private tour today.

Call us today to find or sell your guard gated home.

SOLD PROPERTIES |

LAS VEGAS & HENDERSON

|

DECEMBER

HOW’S THE MARKET | HOME PRICING

Anthem Country Club 29 Moraine Drive 14 Haig Point Court 8 Gladewater Drive 24 Golf Crest Court 1 Dry Brook Trail

2,513 1,889 1,905 3,962 4,511

$539,000 $434,900 $434,888 $850,000 $1,125,000

Aventura

Henderson $214 $230 $228 $215 $249 Las Vegas

No closed sales for the month.

Las Vegas

No closed sales for the month.

$1,248,900

Las Vegas $224 REO

$386,900 $362,000 $655,000

Las Vegas $216 $174 $179

Canyon Gate 8924 S. Rainbow Ridge Drive 1,788 8936 Rainbow Ridge Drive 2,082 8844 Rainbow Ridge Drive 3,663

Corta Bella

Las Vegas

No closed sales for the month.

Country Club Hills

Las Vegas

No closed sales for the month.

Eagle Hills

Las Vegas

No closed sales for the month.

Eagle Rock 413 Proud Eagle Lane

4,078

$661,000

Legacy Estates 2090 Troon Drive

Las Vegas $162

6,661

$1,075,000

Henderson $161

5,037 3,375 4,351 4,265

$1,175,000 $940,000 $1,050,000 $730,000

Henderson $233 $279 $241 $171

MacDonald Highlands 1343 Quiet River Avenue 1540 Foothills Village Drive 516 Regents Gate Drive 1717 Choice Hills Drive

Mountain Trails

Las Vegas

No closed sales for the month.

3,856 2,271

Queensridge No closed sales for the month.

4,578

$810,000

$225

$1,025,000

$224

Roma Hills

Henderson

No closed sales for the month.

Seven Hills - Marquis

Henderson

Seven Hills - Rapallo

$2,025,000 $860,000

Las Vegas $525 $379 Las Vegas

Henderson 10,401

$2,500,000

$240

Seven Hills - Terracina/Venezia

Henderson

1605 Milano Villa Avenue

$233

4,723

$1,100,000

21 Augusta Canyon Way

7,013

$2,375,000

31 Vintage Canyon Street

8,290

$2,200,000

$265 REO

3863 Glasgow Green Drive

5,114

$1,150,000

$225

12087 Oakland Hills Drive

6,184

$1,048,000

$169

Southern Highlands

IN ESCROW

SOLD

EXPIRED

ABS RATE*

<500K

133

60

39

26

5.4

500-750K

121

23

20

16

8.1

750K-1MM

92

23

6

12

10.8

1-1.5MM

89

13

11

6

9

1.5-2MM

38

9

1

5

2-2.5MM

21

2

2

2.5-3MM

26

2

1

TRENDS - MONTHLY & YEARLY Sold Properties

Active Listings

Dec ‘15

81

721

Nov ‘15

88

795

MoM%

-8%

-9.3%

15.7

Dec ‘14

72

766

0

13.8

YoY%

13%

-6%

1

33.6

3-4MM

20

5

1

1

25

>4MM

43

1

0

2

88

*Abs(orption) Rate: length of time (given in months) it takes to sell current inventory.

Number of months of current supply is based on average number of monthly sales for last 6 months. Source: Multiple Listing Service (MLS), 1/3/16

Las Vegas

Spanish Hills

$339 REO

Las Vegas

No closed sales for the month.

Spanish Trail Ten Oaks

Las Vegas

“A Zestimate… is a computer generated estimate. We cannot inspect every home alongside an appraiser or [Realtor]… Data has its limits. For that final and crucial step in assessing a home’s exact value, homeowners, appraisers and agents need to weigh in. You have a huge advantage to position yourself as the local expert, since you understand a home’s real worth when factoring in the qualitative neighborhood attributes and desirability not captured in our algorithm.” – Jay Thompson, Director of Industry Outreach, Zillow.com in RIS Meida’s REAL ESTATE, March 2014, p. 65.

Henderson

No closed sales for the month.

The Palisades

Las Vegas

No closed sales for the month.

The Ridges

Las Vegas

No closed sales for the month.

The Vineyards

Las Vegas 3,430

Tournament Hills

$715,000

Happy New Year! I hope you had a nice holiday season. Now that we’re into a new year, you have most likely been thinking about your home’s value because of your updated tax bill that arrived from the Clark County Assessor’s office. Any conversation you would be having about your home’s value wouldn’t be complete without the “Z-word,” so let’s talk about Zillow’s Zestimate.

The Zestimate can be considered a fair starting point for a deeper conversation with your real estate agent. Zillow says the following to agents regarding the Automated Valuation Model (AVM):

No closed sales for the month.

The Fountains

Dear Friends,

Las Vegas

No closed sales of home over 4,000 sq.ft.

1204 Saintsbury Drive

One Queensridge Place 9101 Alta Drive #302 9101 Alta Drive #807

2034 Orchard Mist Street

1258 Imperia Drive

Canyon Fairways 5,586

11233 Golden Chestnut Place 3,601

Las Vegas

No closed sales for the month.

Bellacere

504 Lob Wedge Court

Red Rock Country Club

FOR SALE

GUARD GATED SALES STATISTICS - DECEMBER

$208

For Las Vegas, Zillow’s “Zestimate Accuracy Table” states the following: •

45.8% sold within 5% of Sale Price

•

73.3% sold within 10% of Sale Price

•

91.4% sold within 20% of Sale Price

The numbers can swing low or high. So, when it comes to determining your home’s value, I recommend keeping an open mind and ear to the experts.

It’s a good life,

Las Vegas

No closed sales for the month.

Willow Creek No closed sales for the month.

Las Vegas

Rob Jensen Broker/President

NEWS

OUR FACEBOOK STATS The Rob Jensen Company’s Facebook page has seen tremendous growth. It serves as a fun place to showcase our listings and open houses, share stories about what’s happening in the local community, interact with our friends, clients and potential customers and reach local as well as out of state buyers and sellers through targeted marketing.

Below are just a few of the examples of our expansive reach and engagement from last year’s marketing efforts.

•

10,000+ Page likes

•

54,539 active users sharing, commenting and liking our page’s content per month (average)

•

283,067 active users sharing stories about our page. These stories include liking our page, posting to our page’s timeline, liking, commenting on or sharing one of our page posts, answering a question we posted, responding to one of our events, mentioning our Page, tagging our Page in a photo or checking in at our office.

•

10,514,778 active users who have seen any content associated with our page

•

1,588,669 total number of clicks for all of our Facebook content

•

1,790,177 total number of times our custom property listing videos have been viewed by potential buyers & sellers

Habitat for Humanity Helps People in Need, One Home at a Time Article by Mike Stotts Habitat for Humanity Las Vegas and its over 4,000 gracious volunteers have a noble, succinct and primary humanitarian goal in life: To help people in need, one home, and one family at a time.

Since starting in the Las Vegas valley in 1991, Habitat Las Vegas has succeeded in constructing 105 homes to date (6 for the 2014-2015 fiscal year), helping 379 impoverished adults and 243 of their children, and substantially transformed people’s lives by making the dream of living a stable life, a reality through home ownership. One-hundred percent of funds received from its grants and sponsorships go directly to the construction of Habitat homes.

“We offer families stability, security, and independence.

When they come through our program, it’s more than just a home because they have all of the necessary tools to own a home, how to maintain a budget, how to save, how to maintain their home, etc. It’s providing them with a stable life and future,” says Cathy Vo, community outreach manager for Las Vegas Habitat.

Habitat for Humanity and its 17 board members tirelessly aid people in need in other beneficial ways, too. For example, they provide their home preservation service called “A Brush with Kindness” (ABWK), offering painting, landscaping and minor repairs for homeowners in need. ABWK helps lowincome homeowners impacted by age, disability, and family circumstances, who otherwise would not have been able to afford the cost of repairs on their home.

It’s full steam ahead for Habitat Las Vegas through 2018, with strategic plans now in place to build 7-10 new homes each year. Although home builds are focused primarily in Henderson’s Pittman region, they continue unabated with neighborhood revitalization efforts in North Las Vegas and Vegas Heights as well. And for the next set of homes in the

works, Habitat Las Vegas is working with its community partners to help eliminate, or at least substantially reduce, community blight in Pittman.

MGM Resorts International, Bank of America, and Wells Fargo are major organizational sponsors that specifically support Habitat’s neighborhood revitalization and development efforts.

However, much of the beneficial day-in and day-out work of Habitat Las Vegas would not be possible if not for the continuous outpouring of generous donations from many other donors and sponsors. Its gala’s 14th Annual “Home for the Holidays” was just such an event in October at the McDonald Highlands luxury home in Henderson of Ken and Michelle Alber. It further raised awareness and funds to help build homes, family, and community in Southern Nevada. Through Habitat’s dedicated 23 sponsors, the event provided relaxing holiday entertainment, mouthwatering hors d’oeuvres, and live and silent auctions, offering up the likes of home meals prepared by the finest chefs featured on Bravo TV’s Top Chef, to a Hawaiian getaway in Kuai, to a NASCAR package, to fine art from Peter Lik Photography, and even a private poker lesson from World Series of Poker champion Howard Lederer, among the many other equally tempting items. “Habitat raised nearly $210,000 from all sources from the event, surpassing its fundraising goal for this year,” says Vo. Also substantially aiding operations are its two ReStores in the Las Vegas valley, discount home improvement stores that characteristically contribute 75% to its annual operating cost budget.

To read more exciting articles, visit robjensen.com/news

702.605.7480 | robjensen.com

OPEN HOUSE | January 23 & 24 | Noon - 4pm

1763 Harpsichord Way

OPEN HOUSE | January 23 & 24 | 11am - 3pm

Roma Hills

| $1,050,000

This custom home’s towering stacked-stone façade and private, gated courtyard define curb appeal. Expansive windows stream natural light over the custom stone and wood throughout the interior, highlighting the stunning handmade glasswork by Leslie Rankin. You’ll love the first-floor guest wing, a sprawling master with inviting bath and private balcony, and the crystal-clear pool and spa. It has everything your upscale lifestyle demands. Schedule your private tour today.

10700 Capesthorne Way

Willow Creek

Join us in the conversation and LIKE us on Facebook at facebook.com/RobJensenCompany

| $999,000

Beautiful curb appeal on a spacious corner lot. A true formal foyer with Crema Marfil marble and twin Brazilian cherry-wood floating staircases make an elegant setting. The thousandbottle climate-controlled wine cellar is impressive, as is the two-room en-suite casita. Plus, the stylish kitchen with its white cabinets, upgraded stainless-steel appliances and custom granite countertops are simply astounding. This fine home has all the trappings of refined luxury.

robjensen.com

702.605.7480

10161 Park Run Drive, Suite 150 Las Vegas, NV 89145

E! L A ys

S Da T 99 R n i O

8256 Bella Veduta Avenue Mountains Edge

$500,000

SHlosed C

Inside Featured Properties, Closed Sales and Trends for 29 Las Vegas & Henderson Guard Gated Communities!

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Great Time to Sell! Call Rob Jensen today to sell your home. 702.605.7480