Rob's Report – January 2017

ROB REPORT SUMMERLIN, LAS VEGAS & HENDERSON January 2017

!

D L

SO

CALL robjensen.com

702.605.7480

2960 Traverse Creek Lane

Willow Creek |

1,050,000

$

"Rob did an excellent job listing and selling my house, along with helping me find another house. I highly recommend him. Extremely professional. Everyone at his office was very helpful." - Catherine L., Seller & Buyer

SOLD PROPERTIES | ADDRESS

SF

SOLD PRICE

SUMMERLIN, LAS VEGAS & HENDERSON PRICE /SF

ADDRESS

SF

SOLD PRICE

PRICE /SF

GATED Barrington

Summerlin

Serrano

Canyon Crest

Summerlin

Park Trail Estates

Las Vegas

Canyon Ridge

Summerlin

The Lakes, Northshore & Beachview Estates

Las Vegas

Canyon Terrace

Summerlin

Seven Hills - Portofino

Henderson

Sky Terrace

Henderson

No closed sales for the month of December.

No closed sales for the month of December.

No closed sales for the month of December.

No closed sales for the month of December.

Desert Trails

9817 Edgeview Place

3,489

Summerlin $670,000 $192

No closed sales for the month of December.

No closed sales for the month of December.

Summerlin

No closed sales for the month of December.

No closed sales for the month of December.

No closed sales for the month of December.

Dear Friends, Happy New Year! I hope you all had an enjoyable holiday season and a memorable year. In this issue, we recap the Top 16 guard gated home sales for 2016. In addition to the Top 16, there were 271 homes that sold for over $1,000,000 in Summerlin, Las Vegas, and Henderson last year. Buyers have been very busy indeed and this trend is likely to continue in 2017.

You will note in this month’s issue that the amount of homes currently available for resale has declined over 9% from the previous month and over 5% year over year (See the How's the Market section.)

The spring selling season will be quickly upon us and right now it’s a seller’s market. The best results are achieved by those homeowners who properly prepare their homes for sale and choose an expert to get it sold. If you’re planning to sell your home this year, now is the time to call us and get the process started. It takes time to professionally prepare your home for an optimum sales price; especially if there are repairs to be made and/or staging to complete.

Our team specializes exclusively in selling guard gated and select gated homes in the 43 communities updated in every issue of the Rob Report. You deserve an outstanding team to help you prepare, competitively price, and market your home to the largest number of qualified buyers.

Remember, the prime selling season is right around the corner, so give us a call today at 702.605.7480. We look forward to showing what we can do for you and adding you to our list of highly satisfied clients.

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* Bellacere

10116 Summit Canyon Drive

Canyon Fairways

508 Royalton Drive 9300 Tournament Canyon Drive

Summerlin 12,314

Summerlin $2,950,000 $240

9,539 7,856

Summerlin $2,675,000 $280 $1,925,000 $245

Queensridge

801 Jody Brook Court 912 Granger Farm Way 9625 Gavin Stone Avenue

Regency at the Lakes* Southern Highlands

Corta Bella*

Summerlin

7 Vintage Canyon Street 12005 Whitehills Street

Country Club Hills*

Summerlin

Spanish Hills

Country Rose Estates*

Summerlin

Eagle Hills

2017 Redbird Drive

4,938

Summerlin $875,000 $177

Eagle Rock*

Summerlin

Mira Villa*

Summerlin

Mountain Trails*

Summerlin

The Palisades*

Summerlin

Red Rock Country Club

11477 Timber Mountain Avenue 2486 Grassy Spring Place 1984 Alcova Ridge Drive 2795 Evening Rock Street

The Ridges

86 Hawk Ridge Drive 18 Moonfire Drive 11280 Granite Ridge Drive #1088 94 Glade Hollow Drive 20 Cross Ridge Street 50 Coralwood Drive 4215 Bronze Ridge Street 54 Grey Feather Drive

2,325 3,455 2,526 3,085

Summerlin $615,000 $265 $680,080 $197 $544,900 $216 $752,000 $244

5,282 4,180 1,959 4,600 4,399 4,871 4,600 4,172

Summerlin $2,275,000 $431 $980,000 $234 $600,000 $306 $1,404,114 $305 $1,330,000 $302 $1,594,874 $327 $1,626,954 $354 $1,038,000 $249

2,916 2,471 2,773

4952 Mountain Foliage Drive 4936 Mountain Creek Drive

Las Vegas $525,000 $180 $480,000 $194 $520,000 $188 Las Vegas

7,736 3,220

Las Vegas $2,280,000 $295 $760,000 $236

4,867 5,758

Las Vegas $1,000,000 $205 $814,000 $141

Spanish Trail*

Las Vegas

Ten Oaks*

Las Vegas

Anthem Country Club 50 Isleworth Drive 65 Isleworth Drive 26 Brays Island Drive 22 Stonemark Drive 53 Desert Highlands Drive 3 Annadale Court 28 Brookridge Drive

The Fountains

2332 Villandry Court

4,150 3,962 3,843 3,848 3,216 1,393 5,624

Henderson $1,000,000 $241 $680,000 $172 $770,000 $200 $600,000 $156 $828,000 $257 $357,500 $257 $1,147,000 $204

4,155

Henderson $660,000 $159

Hillsboro Heights* Legacy Estates 2066 Troon Drive

MacDonald Highlands

Henderson 5,204

Henderson $788,000 $151

5,345 5,267 4,062 4,273 2,968 6,411

Henderson $1,072,000 $201 $1,120,000 $213 $820,000 $202 $690,000 $161 $555,000 $187 $3,300,000 $515

Tournament Hills*

1307 Enchanted River Drive 1376 River Spey Avenue 1324 Enchanted River Drive 1453 Foothills Village Drive 1712 Cypress Manor Drive 579 St Croix Street

The Vineyards*

Roma Hills*

Henderson

Seven Hills - Marquis*

Henderson

Seven Hills - Rapallo*

Henderson

Willow Creek

2960 Traverse Creek Lane

Canyon Gate

8916 Canyon Springs Drive

One Queensridge Place 9101 Alta Drive #2 9103 Alta Drive #603 9103 Alta Drive #1102

4,451

Summerlin $1,050,000 $236

5,300

Las Vegas $1,088,000 $205

2,108 2,638 3,856

Las Vegas $710,000 $337 $1,180,000 $447 $2,120,000 $550

Seven Hills - Terracina/Venezia 2690 Mirabella Street

6,524

Henderson $1,475,000 $226

*No closed sales for the month of December.

TOP 16 SALES OF 2016 1

2

1625 Enclave Court | $17,550,000 ($696/SF) | 25,211 SF Country Club Hills| Sold 6/24/2016

608 Queensridge Court | $7,800,000 ($610/SF) | 12,781 SF Queensridge| Sold 1/29/2016

5

6

19 Hawk Ridge Drive | $5,500,000 ($592/SF) | 9,293 SF The Ridges | Sold 7/14/2016

56 Meadowhawk Lane | $4,500,000 ($693/SF) | 6,489 SF The Ridges | Sold 2/19/2016

9

10

5 Midnight Ridge Drive | $4,204,168 ($587/SF) | 7,158 SF The Ridges | Sold 1/13/2016

1203 MacDonald Ranch Dr | $4,190,000 ($533/SF) | 7,855 SF MacDonald Highlands | Sold 9/21/2016

13

14

1607 Liege Drive | $4,000,000 ($486/SF) | 8,237 SF MacDonald Highlands | Sold 3/17/2016

763 Ricota Court | $4,000,000 ($316/SF) | 12,649 SF Roma Hills | Sold 6/13/2016

3

4

23 Hawk Ridge Drive | $7,000,000 ($631/SF) | 11,093 SF The Ridges| Sold 6/24/2016

28 Painted Feather Way | $6,500,000 ($658/SF) | 9,873 SF The Ridges| Sold 2/16/2016

7

8

6990 South Pecos Road | $4,430,000 ($228/SF) | 19,429 SF Paradise | Sold 6/30/2016

2 Club Point Court | $4,400,000 ($434/SF) | 10,130 SF Anthem Country Club | Sold 7/19/2016

11

12

1480 MacDonald Ranch Dr | $4,050,000 ($348/SF) | 11,639 SF MacDonald Highlands | Sold 10/25/2016

509 Dragon Gate Court | $4,000,000 ($597/SF) | 6,705 SF MacDonald Highlands | Sold 5/26/2016

15

16

2874 Red Arrow Drive | $3,800,000 ($591/SF) | 6,425 SF Red Rock Country Club | Sold 9/20/2016

35 Midnight Ridge Drive | $3,732,758 ($570/SF) | 6,547 SF The Ridges | Sold 5/25/2016

HOW’S THE MARKET | HOME PRICING

GUARD GATED SALES STATISTICS - December

HOMES FOR SALE

IN ESCROW

SOLD

EXPIRED

ABS RATE*

$500-$750K

99

34

19

14

5.5

$750K-$1MM

80

16

12

11

7.3

$1-$1.5MM

84

15

12

11

9.3

$1.5-$2MM

36

4

4

2

8.6

$2-$2.5MM

31

3

3

4

11.3

$2.5-$3MM

20

2

2

2

26.4

$3-$4MM

27

3

1

2

20.0

$4MM+

43

3

0

4

46.0

MARKET TRENDS |

MONTHLY & YEARLY

Sold Properties

69

53

-23%

Active Listings

-9.3%

551 500

Nov ‘16

Dec ‘16

Month over Month

Nov ‘16

Sold Properties

42

Dec ‘15

53

Dec ‘16

Dec ‘16

Month over Month

Active Listings

-5.3%

+26%

528

Year over Year

Dec ‘15

500 Dec ‘16

Year over Year

702.605.7480 | robjensen.com

TOP 13 THINGS TO DO WHEN SELLING YOUR HOME:

#1. CALL US

(WE'LL HANDLE THE OTHER 12) THE SPRING SELLING SEASON WILL BE QUICKLY UPON US.

THE TIME TO ACT IS NOW! CALL 702.605.7480 robjensen.com

702.605.7480

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

7420 Silver Palm Avenue

Ten Oaks | $699,900

Peace and quiet await you at this beautiful custom single-story in the guard-gated community of Ten Oaks. Situated on a lot of almost ½ acre with mature landscaping, natural light streams into the open and spacious living areas. An oversize master suite with jetted tub and rear-yard access complete this one-of- a-kind home.

Inside Featured Properties,

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

Thoughts of Selling?

Stay in the know with the latest guard gated & gated real estate news!

Call us today to sell your home! 702.605.7480