ROB REPORT L A S
4 Meadowhawk Lane
robjensen.com
702.605.7480
V E G A S
&
H E N D E R S O N M A R C H 2 0 1 6
The Ridges | $3,950,000
Custom Blue Heron home on corner lot. The home’s desert-contemporary design invites both indoor and outdoor spaces into your daily life. With a detached casita, incredible high-end kitchen, en suite bedrooms, and open flowing spaces, this home epitomizes luxury living. You’ll love the master bed and bath, and will never get enough of the incredible full-Strip view from the private balcony.
Call us today to find or sell your guard gated home.
SOLD PROPERTIES |
LAS VEGAS & HENDERSON
|
FEBRUARY
HOW’S THE MARKET | HOME PRICING
Anthem Country Club 19 Contra Costa Place 22 Isleworth Drive 53 Kittansett Loop
3,037 3,571 5,756
$575,000 $760,000 $1,325,000
Aventura
Henderson $189 $213 $230 Las Vegas
No closed sales for the month of February.
Bellacere
Las Vegas
No closed sales for the month of February.
Canyon Fairways
Las Vegas
No closed sales for the month of February.
Canyon Gate 8760 Rainbow Ridge Drive 1604 Sun Ridge Drive
2,747 2,267
$645,000 $400,000
3,946
4,796 4,836
12,274
Henderson
MacDonald Highlands $612,000 $850,000 $3,000,000 $2,300,000
Mountain Trails
Henderson $190 $241 $308 $294
No closed sales for the month of February.
One Queensridge Place $885,000 $2,200,000 $1,425,000 $1,400,000
Queensridge 9609 Gavin Stone Avenue 3,679 9324 Queen Charlotte Drive 3,588 9725 Royal Lamb Drive 2,733
Henderson
No closed sales for the month of February.
$570,000 $900,000 $425,000
Las Vegas $414 $571 $460 $452 Las Vegas $155 $251 $156
IN ESCROW
SOLD
EXPIRED
ABS RATE*
<500K
153
105
23
7
8
500-750K
136
35
13
10
10.2
750K-1MM
96
24
11
5
1-1.5MM
102
22
6
1.5-2MM
42
10
2-2.5MM
21
2.5-3MM
26
TRENDS - MONTHLY & YEARLY Sold Properties
Active Listings
Feb ‘16
64
854
14.4
Jan ‘16
59
783
5
14.3
MoM%
8%
9.1%
3
1
15.6
Feb ‘15
73
692
4
2
3
13.6
YoY%
-12%
23%
3
2
2
58
3-4MM
23
3
3
0
15.6
>4MM
47
2
1
1
58.8
*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), 3/3/16
Seven Hills - Terracina/Venezia
Henderson $177
Southern Highlands
$970,000 $374,900 $1,625,000
Las Vegas $190 $173 $300
Spanish Hills
5083 Mountain Foliage Drive 4,245 $1,300,000 5039 Spanish Heights Drive 12,185 $2,100,000
Las Vegas $306 $172
Our analysis of local housing data provides the answer: Closed sales spike from the tail end of March into the months of April and May. Since most sales have an average 30- to 45-day escrow, these homes will go into contract during February/March/April. Closed sales will continue to increase, peaking in the month of June.
Spanish Trail
Las Vegas
At this moment, you still have ample time to put your home on the market. First consideration is that you don’t be in a rush and simply place it on the market without proper preparation. As with any other first impression, you have but one chance to present your home in the best possible light.
Ten Oaks
7429 Oak Grove Avenue
Las Vegas
2,137 3,856 3,100 3,100
Seven Hills - Rapallo
5,472
$970,000
No closed sales of home over 4,000 sq.ft. for the month of February.
No closed sales for the month of February.
9101 Alta Drive #906 9101 Alta Drive #1402 9103 Alta Drive #504 9103 Alta Drive #1104
Henderson
$2,342,250
Legacy Estates
3,220 3,521 9,756 7,827
Seven Hills - Marquis
No closed sales for the month of February.
Las Vegas $191
No closed sales for the month of February.
1721 Choice Hills Drive 1332 Enchanted River Drive 588 St Croix Street 638 St Croix Street
No closed sales for the month of February.
Las Vegas $188 $176
Las Vegas
Las Vegas $251 $203 $278 $298 $384 $310 Henderson
$900,000 $850,000
Eagle Rock
$1,100,000 $550,000 $1,545,000 $1,410,000 $3,400,000 $1,300,000
Roma Hills
3475 Alpine Lily Drive 5,098 3254 Birchwood Park Circle 2,172 11937 Oakland Hills Drive 5,419
Eagle Hills 2037 Grouse Street
4,374 2,712 5,555 4,725 8,845 4,200
Las Vegas $165
$650,000
Country Club Hills 8936 Brook Bay Court 9040 Thornbury Lane
3269 Elk Clover Street 2844 Evening Rock Street 11476 Morning Grove Drive 11495 Morning Grove Drive 2556 Red Arrow Drive 2737 Turtle Head Peak Drive
2644 Mirabella Street
Corta Bella 8817 Cortile Drive
Las Vegas $235 $176
Red Rock Country Club
FOR SALE
GUARD GATED SALES STATISTICS - FEBRUARY
The Fountains
2261 Trafalgar Court
3,988
$735,000
Las Vegas $184
4,856
$850,000
Henderson $175
The Palisades
Las Vegas
No closed sales for the month of February.
The Ridges
18 Drifting Shadow Way 28 Painted Feather Way 28 Panorama Crest Avenue
4,231 9,873 4,013
$2,900,000 $6,500,000 $850,000
Las Vegas $685 $658 $212
The Vineyards
Las Vegas
Tournament Hills
Las Vegas
Willow Creek
Las Vegas
No closed sales for the month of February.
Dear Friends, Change is in the air. The winter chill has left our valley, and tree buds tell us that spring is here. It’s especially during this time that our clients and followers ask, when is the best time to put my home on the market?
Instead of “tactics,” let’s talk strategy because without a doubt, buyers want homes that feel new. • Buying residential real estate is emotional: Most sellers are far from excited to spend additional money on a home they are selling. But the most important consideration is the potential buyer’s (emotional) perspective. Consider taking an honest look at your property through a buyer’s eyes: Do various items or areas take away from the overall positive look and feel of your home? If they do, it’s time to take action. • Appeal to the buyer’s senses and you’ll put more money in your pocket when you sell your home: It’s logical that every seller has a different budget and time frame in mind; therefore, you may do just the basics of getting the house pressure washed, windows cleaned, new flowers planted, steam the carpets, polish the floors, and deep clean the house…or you may consider more. It’s not uncommon for some of our clients to invest in upgrading countertops, appliances, fresh paint or more. Our highly skilled and experienced team is here to provide valuable guidance and custom-tailored advice for your specific home. We offer a complimentary Home Sale Readiness Analysis for any homeowners who are considering selling their home. This exclusive informative service is provided as a courtesy to you with no obligation. I invite you to call me for information about our free analysis or to schedule an appointment to discuss listing your home. Our team is ready and waiting to assist and guide you! It’s a good life,
No closed sales for the month of February.
No closed sales for the month of February.
Rob Jensen Broker/President
NEWS
Las Vegas Boasts Record Tourism in 2015 Article and Photo by Mike Stotts As 2016 rang in, 2015 established record tourism and convention results, bolstering Vegas’ robust economy. Las Vegas relishes setting all sorts of enviable records, but then it proceeds to top them again and again. To wit, no sooner had the spectacular Las Vegas valley fireworks ended on New Year’s 2016, drawing nearly 335,000 eager party-goers, when Las Vegas catapulted itself into the prime entertainment and business spotlight once again: this time for squashing the visitation record it had previously set just a year ago. The Las Vegas Convention and Visitors Authority reported the number of visitors for 2015 topped 42 million. 2015 brought in 900,000 more visitors than its 2014 total of 41.1 million. Pretty impressive, considering the stats do not include the numerous New Year’s festivities throughout the valley, which will add to this remarkable performance. When the numbers are finally confirmed, it’s safe to say Las Vegas in 2016 will top 1,000,000 more visitors than 2015. And considering that 2014 was the first time in history that Las Vegas topped 40 million travelers, 2016 is indeed starting out with an enormous business and financial bang of its own. Tourism now generates over $50 billion annually, while supporting 376,000 jobs and accounting for 43 percent of Southern Nevada’s total employment. More than just being a glittering town with world-class entertainment, luxury resorts, highly diverse dining, and exquisite shopping, Las Vegas conventions are the “fuel” supporting business tourism growth. In 2015, 5.7 million people attended 22,100 conventions and meetings in Las Vegas. The 2014 total was 5.2 million people.
With Las Vegas having more than 11 million square feet of combined meeting spaces and more than 150,000 motel and hotel rooms—with occupied average an enviable 85 percent—it ranks only second behind Orlando in the Top 50 Meeting Destinations in the U.S. list, overtaking Chicago from last year’s ranking. This year, the key business sector is poised for even greater dramatic growth, especially since Mandalay Bay has completed its 2-million- square-foot convention expansion. The $375 million, newly named T-Mobile Arena, informally called the Las Vegas Arena for the past two years, is scheduled to open on April 6, 2016—with performances by The Killers with Wayne Newton & Shamir—is secure in its ability to be able to continuously fill the 20,000-seat multipurpose event and convention center. Later this year, Aria will bring an additional 200,000 square feet of flexible meeting space at a cost of $154 million. Additionally, the LVCVA’s Convention Center District’s over $9 billion master plan will yield an entire “convention city,” leading to exponential convention growth opportunities starting late 2017. You might be aggravated at times, perhaps thinking it’s a tad bit congested in Las Vegas. After all, there are nearly 44,000 cars daily crossing the California-Nevada state line, with another 45 million people annually entering via airlines, but it’s pure business, baby, and that’s what continues to make Las Vegas vibrant, energetic and pure platinum.
To read more exciting articles, visit robjensen.com/news
702.605.7480 | robjensen.com
9857 W. La Mancha Avenue
Pine Ridge Estates
| $1,600,000
Highly customized DR Horton home featuring Venetian plaster walls, eight-inch hardwood crown molding, and travertine and 120 year-old reclaimed barn wood flooring. 55 feet of RV/ boat parking and a 30x25 foot covered patio with built-in grill and island seating alongside the saltwater pool. Private gated courtyard and detached second-floor office. It’s a good life.
204 Satin Mist Court
The Palisades
11328 Golden Chestnut Place
| $1,499,000
Guard gated in Summerlin with cul-de-sac location. From the gated courtyard entrance to the incredibly huge backyard, this home offers space and privacy. Upgraded kitchen and large formal spaces are great for entertaining, and the master bed and bath will wrap you in comfort. 131 Italian Cypress trees create a living wall around the 4,800 sq.ft. of grass and tranquil blue pool, and make the rear lawn one of the most private in the valley.
robjensen.com
702.605.7480
Red Rock Country Club | $1,050,000
This home has a fine location with spectacular mountain views and tranquil golf frontage near the 10th hole’s waterfalls and lakes. Built around an interior atrium, the sprawling floor plan offers formal and informal spaces, multiple views from every room, a grand entryway, custom chandeliers, and five balconies including a private master balcony. Recently updated, the kitchen and baths are beautifully decorated with new appliances, granite, marble and tile highlights.
10161 Park Run Drive, Suite 150 Las Vegas, NV 89145
Ds! L O ay
S 4D in
11476 Morning Grove Drive
Red Rock Country Club $ 1,545,000
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