ROB REPORT L A S
2971 Red Arrow Drive
robjensen.com
702.605.7480
V E G A S
&
H E N D E R S O N J U N E 2 0 1 6
Red Rock Country Club
| $2,799,000
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.
Call us today to find or sell your guard gated home.
SOLD PROPERTIES |
LAS VEGAS & HENDERSON
|
HOW’S THE MARKET | GUARD GATED SALES STATISTICS - MAY
MAY
HOME PRICING
Anthem Country Club
43 Anthem Creek Circle 16 Clear Crossing Trail 16 Chatmoss Road 21 Caprington Road 25 Kittansett Loop 17 Desert Highlands Drive 1 Yorkridge Court 19 Caprington Road 6 Fallows Fire Court 75 Kittansett Loop 6 Sankaty Circle 9 Hammock Dunes Court 18 Clear Crossing Trail 48 Stonemark Drive 10 Isleworth Drive
Aventura
9912 Mirada Drive
3,876 3,216 2,225 1,905 3,993 3,216 5,711 2,076 1,833 7,817 5,716 1,889 3,772 2,172 4,607
$980,000 $662,000 $396,700 $425,000 $850,000 $680,000 $2,350,000 $426,000 $398,000 $2,400,000 $1,450,000 $376,000 $675,000 $468,000 $990,000
3,372
$774,000
Bellacere
Canyon Fairways
4,468 5,945
$1,300,000 $2,000,000
Canyon Gate Corta Bella
Las Vegas
No closed sales for the month of May.
Country Club Hills
4,743
$1,425,000
Eagle Hills
Eagle Rock
3,840 3,322
$580,000 $750,000
Legacy Estates
MacDonald Highlands
2,508 3,774 2,712 3,823 3,489 5,209 2,508
$648,000 $960,000 $609,900 $1,000,000 $805,000 $1,380,000 $618,000
Roma Hills
Seven Hills - Marquis
2801 Via Tazzoli Court
3,642
$1,575,000
Seven Hills - Rapallo
Seven Hills - Terracina/Venezia Southern Highlands
12007 Oakland Hills Drive 46 Ravenswood Avenue 14 Greenside Drive
6,461
$1,900,000
Henderson $294
3,846 8,093 6,050
$1,125,000 $3,000,000 $2,150,000
Las Vegas $293 $371 $355
Spanish Hills
Las Vegas
No closed sales for the month of May.
Spanish Trail
8471 Turtle Creek Circle 40 Sawgrass Court
4,134 8,684
$643,000 $1,450,000
Ten Oaks
The Fountains
3,898
$690,000
The Palisades
86 Glade Hollow Drive 37 Promontory Ridge Drive 3 Boulder Rock Circle 14 Garden Rain Drive 43 Olive Ridge Drive 35 Midnight Ridge Drive
3,797 5,312 4,405 3,776 3,562 6,547
$1,503,109 $1,875,000 $1,399,900 $983,625 $1,071,333 $3,732,758
$1,700,000
No closed sales for the month of May.
2,643
$950,000
Las Vegas $359
9029 Greensboro Lane
3,999 4,130
$630,000 $925,000
Las Vegas $158 $224
2994 Kedleston Street 10724 Weather Top Court
The Vineyards
Tournament Hills Willow Creek
Henderson $177 Las Vegas
No closed sales for the month of May.
The Ridges
Las Vegas
$156 $167
Las Vegas
No closed sales for the month of May.
2302 Prometheus Court
Henderson $432 Henderson
No closed sales for the month of May.
1356 Opal Valley Street
Las Vegas $258 $254 $225 $262 $231 $265 $246 Henderson
No closed sales for the month of May.
Las Vegas $268
One Queensridge Place Queensridge
11266 La Madre Ridge Drive 2606 Grassy Spring Place 2984 Dove Run Creek Drive 3080 Red Springs Drive 11257 Golden Chestnut Place 11635 Evergreen Creek Lane 2877 Red Springs Drive
Henderson $355 $533 $405 $597
9808 Mountain Grove Court 6,334
9632 Gavin Stone Avenue 805 Pont Chartrain Drive
Red Rock Country Club
$3,415,000 $3,290,000 $3,500,000 $4,000,000
9,614 6,172 8,648 6,705
Mountain Trails
9101 Alta Drive #3
Las Vegas $151 $226 Henderson
No closed sales for the month of May. 583 St Croix Street 663 Scenic Rim Drive 582 Lairmont Place 509 Dragon Gate Court
Las Vegas $300 Las Vegas
No closed sales for the month of May. 621 Pinnacle Heights Lane 717 Pinnacle Heights Lane
Las Vegas $291 $336 Las Vegas
No closed sales for the month of May.
8925 Brook Bay Court
Las Vegas $230 Las Vegas
No closed sales for the month of May. 9400 Players Canyon Court 613 Canyon Greens Drive
Henderson $253 $206 $178 $223 $213 $211 $411 $205 $217 $307 $254 $199 $179 $215 $215
Las Vegas $396 $353 $318 $260 $301 $570 Las Vegas
7,717
$2,750,000
Las Vegas $356
4,308 3,458
$830,000 $755,000
Las Vegas $193 $218
FOR SALE
IN ESCROW SOLD EXPIRED
ABS RATE*
<500K
134
125
62
8
6.2
500-750K
153
46
23
8
10.7
750K-1MM
110
35
13
5
1-1.5MM
110
28
9
1.5-2MM
46
12
2-2.5MM
27
2.5-3MM
27
TRENDS - MONTHLY & YEARLY Sold Properties
Active Listings
May ‘16
122
939
15.8
April ‘16
101
941
3
15.3
MoM%
21% -0.2%
5
5
17.4
May ‘15
80
664
8
3
1
14
YoY%
53%
41%
2
2
1
24.9
3-4MM
29
3
5
0
16
>4MM
40
4
0
3
66
*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), 6/1/16
Hello Friends, If you were to compare Michael Phelp’s swim time in a pool of water vs. a pool of molasses, which scenario would yield the best time? I ask this kind of silly question because it highlights what is so often missing with home pricing today, and that is taking into account, the “proverbial” Market. So let’s just say, the athlete’s time is your home’s sale price and the water or molasses is the Market. It’s the same Olympic athlete in both scenarios, but obviously his time is going to be better in the water and worse in the molasses. So what can you do about this when it comes time to sell your home? Well, unfortunately you can’t change the market, but you can either wait for it to change or be more aware of these external factors when it comes time to sell and strategize accordingly. If you have to sell in market categorized as “molasses,” and unfortunately I’m not talking about sweetness, then wouldn’t you rather know that going in? Remember, closed sales are the past and may not reflect the current market conditions, whether they be better or worse. In every issue of the Rob Report, we report on the Absorption Rate for different price points (titled ABS Rate). When the rate is around 6 months, it basically means the market is a more steady, regular market; hence, the reason for a general 6-month listing agreement. As the number goes below 6 months, the market trends strongly in the favor of the sellers. Remember, it’s basic economics here with supply and demand. As the number goes over 6 months, the market begins to “soften,” and as it trends into the double digits, the market turns into molasses. Yet, there are still sales every month. There are definitely strategies to increase your odds of being one of them. I’ve been licensed since 2003 and have been through up markets and down markets. I know how to deal with different trends. If you’re thinking about buying or selling, let’s talk. I’m happy to help. It’s a good life,
Rob Jensen Broker/President
9301 Fontainbleu Drive
Queensridge
| $1,250,000
Come be amazed at this prestigious Queensridge estate, immaculately cared for inside and out. Over one-third of an acre of grounds, located on the 4th hole of the Badlands golf course, creates a protected, private ambiance. Enter through the new front doors to the impressive 24-foot ceilings and maple hardwood floors throughout this newly painted, impeccable home. Excellent schools, Downtown Summerlin, and Boca Park are minutes away.
702.605.7480 | robjensen.com
700 Tandoori Lane
The Paseos
| $899,000
Located behind the gates of Serrano, this exceptional Toll Brothers home is perfectly equipped for summer barbeques pool side. The richness inside is reflected in its hardwood floors, plantation shutters, and gourmet chefâ&#x20AC;&#x2122;s kitchen with butlerâ&#x20AC;&#x2122;s pantry. The private and peaceful rear yard, with an oversize lagoon-style saltwater pool and outdoor kitchen, is the perfect place to unwind.
11735 Glowing Sunset Lane
7 Penn Cross Court
Red Rock Country Club | $1,118,000
Situated on the 6th hole of the private Mountain Course, it offers spectacular golf and mountain views. Spend time with family and friends in the dedicated formal spaces or transition outdoors into the tranquil rear yard. When the day is done, on your private master balcony, open your favorite book in the warm light of the sunset.
Anthem Country Club | $850,000
Nestled on a quiet cul-de-sac atop the hills of Anthem Country Club, this spacious home awaits. The entryway, adorned with granite tile accents, leads into the living room with high, vaulted ceilings and large windows. The PebbleTec pool and spa is the perfect place to enjoy the tranquil outdoor scenery. The oversize finished basement with dry bar makes a great game room. This beautiful home is a wonderful space designed for families of any size.
robjensen.com
702.605.7480
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135
! D
L O
S
2606 Grassy Spring Place Red Rock Country Club $ 960,000
Inside Featured Properties, Closed Sales and Trends for 29 Las Vegas & Henderson Guard Gated Communities! Great Time to Sell!
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Call Rob Jensen today to sell your home. 702.605.7480