Rob's Report - June 2017

ROB'S REPORT SUMMERLIN, L AS VEGAS, & HENDERSON J u n e 2 0 17

CT A R T N O C

NG I D N PE

CALL robjensen.com

702.605.7480

3154 Bel Air Drive | Las Vegas Country Club

$1,499,000

4 Bedrooms | 4 Full Bathrooms, 1 Powder Room | 6,800 Square Feet This two story, 6,800 square feet, 4 bedroom custom golf course home is located in the heart of “old Vegas” at the guard gated Las Vegas Country Club. The home is situated on a huge half acre lot and features all the charm you’d expect from its classic interior styling.

Large outdoor patios with a pool/spa and waterfall, coupled with amazing golf course views, make this one-of-a-kind home an entertainer’s dream.

SOLD PROPERTIES | GATED FOR THE MONTH OF MAY 2017

LAS VEGAS

SUMMERLIN ADDRESS

SF

Barrington No closed sales for the month.

Canyon Crest 625 Edgebrook Drive 4,016 Canyon Ridge No closed sales for the month.

Canyon Terrace 9245 Canyon Mesa Drive 2,701 Desert Trails No closed sales for the month.

Mira Villa No closed sales for the month.

Serrano No closed sales for the month.

SOLD PRICE

$800,000

PRICE/ SF

$199

ADDRESS

SF

The Lakes 2809 Coast Line Court 6,773 Park Trail Estates No closed sales for the month.

SOLD PRICE

PRICE/ SF

$1,630,000

$241

HENDERSON $750,000

$278

Seven Hills - Marquis No closed sales for the month.

Seven Hills - Portofino No closed sales for the month.

Sky Terrace No closed sales for the month.

Dear Friends, The new home construction market is hot right now and there are numerous opportunities to buy the latest contemporary designs. The advantages of new construction are that you may get to choose your own lot, elevation, and interior design stylings. You also get the bonus of being the first one to live in the new home.

However, be aware of the risks involved. New construction buyers are always at a disadvantage when they walk into a new home site without an agent representing them. The agent at the new home tract solely represents the builder/seller. Regardless of how friendly and helpful the agent is, they are well trained to represent their employer’s best interests, not yours.

It is crucial for you to have your own real estate expert looking out for your best interests.

Here’s the good news – the builder will pay 100% of the fee for you to be represented. It costs you nothing and there is no discount for not being represented! The only criteria is that you must bring your real estate agent with you to the new home tract on your first visit. And it must be on the first visit. Otherwise, the new home builder will not pay for your representation, and you’ll either have to pay for it yourself or have no representation throughout the entire transaction.

If you’re considering buying new construction, please reach out to us at 702-605-7480.

We are experts in new construction developments in luxury guard gated and gated neighborhoods.

Sincerely,

Rob Jensen Broker/President

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

SUMMERLIN ADDRESS Aventura* Bellacere* Canyon Fairways 9624 Grand Isle Lane 504 Royalton Drive 9525 Tournament Canyon Drive 9501 Tournament Canyon Drive Corta Bella 8804 Quadro Court Country Club Hills* Country Rose Estates 9813 Camden Rose Court (SS) 2228 Scarlet Rose Drive 2052 Spring Rose Street Eagle Hills 2113 Redbird Drive 1804 White Hawk Court Eagle Rock 705 Pinnacle Heights Lane 449 Pinnacle Heights Lane Mountain Trails* The Palisades 209 Royal Aberdeen Way (REO) Red Rock Country Club 1990 Cherry Creek Circle 11680 Glowing Sunset Lane 11639 Glowing Sunset Lane 11615 Glowing Sunset Lane 2515 Grassy Spring Place 2616 Grassy Spring Place 11654 Morning Grove Drive 3050 Soft Horizon Way 11492 Timber Mountain Avenue The Ridges 11 Boulder Rock Circle 7 Cross Ridge Street 29 Garden Shadow Lane 66 Meadowhawk Lane 54 Meadowhawk Lane 90 Meadowhawk Lane 42 Moonfire Drive 22 Olive Ridge Drive 64 Pristine Glen Street 19 Quiet Moon Lane 20 Springacre Drive 20 Sun Glow Lane 10 Wild Ridge Court Tournament Hills 8909 Players Club Drive The Vineyards 1204 Moselle Court Willow Creek 10922 Willow Heights Drive

SF

SOLD PRICE

PRICE/ SF

5,085 4,286 7,019 5,281

$1,100,000 $1,050,000 $1,758,000 $1,390,000

$216 $245 $250 $263

4,534

$860,000

$190

2,439 3,231 3,128

$340,000 $496,000 $428,000

$139 $154 $137

3,509 4,312

$1,065,000 $1,450,000

$304 $336

3,747 3,556

$785,000 $770,000

$210 $217

4,595

$750,000

$163

5,555 4,443 4,443 3,671 4,899 3,085 5,224 3,455 2,712

$1,395,000 $1,300,000 $1,275,000 $989,000 $1,320,000 $880,000 $1,950,000 $925,000 $720,000

$251 $293 $287 $269 $269 $285 $373 $268 $265

4,007 4,173 3,562 8,759 8,192 6,033 4,618 3,562 4,172 8,372 3,562 7,371 8,235

$1,807,324 $1,299,000 $1,260,000 $3,580,000 $3,350,000 $3,200,000 $1,600,000 $1,068,264 $1,200,000 $3,300,000 $1,320,000 $4,650,000 $3,375,000

$451 $311 $354 $409 $409 $530 $346 $300 $288 $394 $371 $631 $410

7,066

$2,050,000

$290

3,888

$900,000

$231

4,822

$1,375,000

$285

robjensen.com

702.605.7480

*No closed sales for the month of April

LAS VEGAS ADDRESS Canyon Gate 1916 Bay Hill Drive 8605 Kiel Ridge Circle 8620 Titleist Circle One Queensridge Place 9101 Alta Drive #1704 9101 Alta Drive #1401 9103 Alta Drive #901 Queensridge 9824 Miss Peach Avenue 9724 Royal Lamb Drive 300 Tudor Rose Court Regency at the Lakes 9912 Fox Springs Drive Southern Highlands 3640 Belvedere Park Lane 77 Carolina Cherry Drive 29 Carolina Cherry Drive 23 Eagle Knoll Court 83 Grand Masters Drive 27 Greenside Drive 11797 Oakland Hills Drive 11 White Dog Circle Spanish Hills 5008 Mountain Creek Drive (SS) 5146 Mountain Top Circle 4975 Spanish Heights Drive Spanish Trail 82 Innisbrook Avenue 35 Innisbrook Avenue (REO) 17 Sawgrass Court (SS) Ten Oaks 7425 Oak Grove Avenue

SF

SOLD PRICE

PRICE/ SF

2,473 3,744 6,203

$565,000 $765,000 $1,425,000

$228 $204 $230

4,939 4,792 4,792

$3,800,000 $2,600,000 $2,500,000

$769 $543 $522

2,859 2,625 4,298

$450,000 $527,000 $585,000

$157 $201 $136

5,047

$825,000

$163

3,365 4,990 3,821 6,234 5,027 6,144 5,098 3,821

$765,000 $965,600 $720,000 $1,343,100 $855,000 $1,300,000 $1,097,000 $770,000

$227 $194 $188 $215 $170 $212 $215 $202

6,231 8,969 6,973

$1,150,000 $1,650,000 $1,199,000

$185 $184 $172

9,719 7,216 4,377

$2,150,000 $975,000 $589,000

$221 $135 $135

5,092

$860,000

$169

4,333 2,026 2,772 1,833 1,833 1,393 2,678 1,593 5,695 1,942 3,943 3,962

$700,000 $450,000 $600,000 $450,000 $525,000 $362,000 $527,000 $410,777 $1,025,000 $406,000 $775,000 $799,900

$162 $222 $216 $245 $286 $260 $197 $258 $180 $209 $197 $202

3,669 3,374

$620,000 $529,000

$169 $157

4,273 6,074 4,518

$850,000 $1,450,000 $1,065,000

$199 $239 $236

6,217 6,680

$1,425,000 $2,750,000

$229 $412

HENDERSON

Anthem Country Club 35 Candlewyck Drive 52 Colleton River Drive 14 Desert Highlands Drive 121 Emerald Dunes Circle 6 Fallows Fire Court 10 Fallows Fire Court 58 Fountainhead Circle 1 Haig Point Court 7 Mallard Creek Trail 44 Moraine Drive 8 Old Marsh Court 20 Starbrook Drive The Fountains* Hillsboro Heights 186 Harvard Court 174 Springfield Street Legacy Estates* MacDonald Highlands 1453 Foothills Village Drive 1665 Liege Drive 501 Regents Gate Drive Roma Hills* Seven Hills - Rapallo* Seven Hills - Terracina/Venezia 2684 Ponte Vecchio Terrace 1600 Villa Rica Drive REO - Bank Owned Foreclosure

SS - Short Sale

1473 MacDonald Ranch Drive | MacDonald Highlands

$3,899,999

7 Bedrooms | 8 Full Bathrooms, 2 Powder Rooms | 8,950 Square Feet This newly constructed custom home in MacDonald Highlands is a perfect blend of modern and traditional with three levels of breathtaking living space, hand-distressed walnut floors, 5-panel walnut doors, and Control4 home automation. The first floor master suite is complete with a Kohler steam shower and chromatherapy. 4K projection theater and game room, kitchen, and great room walls that “disappear,� opening to a covered patio and pool area.

Call 702-605-7480 today to schedule a private showing.

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

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500-$750K

101

53

27

7

6.7

$750K-$1M

103

31

18

1

10.2

$1-$1.5M

103

31

27

7

9.1

$1.5-$2M

46

9

5

2

14.3

$2-$2.5M

28

10

3

1

14.3

$2.5-$3M

29

5

3

0

20.4

$3-$4M

22

2

6

0

12

$4M+

52

3

1

2

165

* 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 over the last 2 months. Source: Multiple Listing Service (MLS), 6/1/17.

We add pending and contingent sales to the active listings; otherwise, they'd be counted twice as sales or even fall out of escrow.

MARKET TRENDS |

MONTHLY & YEARLY

ACTIVE LISTINGS

CLOSED SALES

628

90

4% over last month 7.6% over last year Month over Month May '17 Apr '17

Month over Month 628 654

Year over Year May '17 May '16

55% over last month 50% over last year 90

May '17 Apr '17

58

Year over Year 628 680

90

May '17 May '16

60

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

368 East Torino Avenue | Silverado Ranch

$1,999,000

6 Bedrooms | 6 Full Bathrooms, 2 Powder Rooms | 8,188 Square Feet Relish exclusivity at ManorGate, a truly custom estate with a manor and guest home. The 44,000 square foot lot features a resort-style pool with grotto and slide, two multi-bay garages with indoor RV parking, and the security that comes with private gated access. Enjoy the bar/game room with friends, host chic events in the outdoor spaces, or simply unwind in the master suite with a sitting room, private gym, and spa-like bath. Gorgeous surprises wait at every turn.

CALL 702.605.7480 OR VISIT US ONLINE AT ROBJENSEN.COM

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

OR F YS !!

A !

7 D ICE IN PR T D S L I SO L

7 Cross Ridge Street | The Ridges

$1,299,000

Jim & Marcia Prather, Sellers - "Rob and his team worked to create a strategic plan to sell our home in the Ridges. I was impressed with his detail work prior to putting our home up for sale. In fact, we sold our home to the first client that walked through the door. Rob knows the market and helped us price our property correctly. Rob and his team are available 7 days a week. They are very responsive when questions arise. We have high expectations for customer service and Rob Jensen exceeded those expectations as we went through the sales process. Thank you Rob!"

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

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

10785 W. Twain Avenue, Suite 110 • Las Vegas, NV 89135 • 702.605.7480 We exclusively specialize in working with buyers and sellers in 43 guard gated and select gated communities in Summerlin, Las Vegas, and Henderson.