ROB REPORT SUMMERLIN, LAS VEGAS & HENDERSON March 2017
! D L
SO
CALL robjensen.com
702.605.7480
7 Boulder Crossing Circle
The Ridges |
2,220,000
$
Upgrade your lifestyle. From the Crestron smart-home system to the high-end gourmet kitchen, this remarkable custom home defines modern living. Its desert-contemporary architecture is on the cutting edge of upscale Las Vegas design, and the stone, wood and exposed-concrete finishes combine to create a refined atmosphere. Celebrating the natural desert beauty, pocket doors open to the tranquil inner courtyard, sunken sports court, and the resort-style pool and spa.
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
The Lakes, Northshore & Beachview Estates
Las Vegas
No closed sales for the month of February. No closed sales for the month of February.
Canyon Ridge
400 Summer Mesa Drive
2,951
Summerlin $825,000 $280
Canyon Terrace
No closed sales for the month of February.
Desert Trails
2012 Slow Wind Street
Mira Villa
9213 Las Manaitas Ave #201
Summerlin
4,059
Summerlin $785,000 $193
2,333
Summerlin $685,000 $294
717 Tandoori Lane
Summerlin 4,639 $1,200,000 $259
No closed sales for the month of February.
No closed sales for the month of February.
Seven Hills - Marquis 1328 Villa Barolo Avenue
Henderson 6,815 $2,575,000 $378
Seven Hills - Portofino
Henderson
Sky Terrace
Henderson
No closed sales for the month of February. No closed sales for the month of February.
Dear Friends, March traditionally kicks off the strongest real estate selling season in our Las Vegas valley. The daily sunshine we’re all accustomed to is here to stay, daylight savings time has begun, and more qualified buyers will be out and about viewing available homes. Here are some thoughts on market conditions for the coming months... The resale luxury home market picks up steam now and continues strong through July. Sales then begin to taper off at the end of August as we head into fall. It takes time to get your home prepared, listed on the market, and sold for top dollar. If you’re serious about selling your home this year, March is THE month to call us and get started. Interest rates are still incredibly low now, but The Federal Reserve continues to advise that interest rate hikes are coming, with possibly up to three increases this year alone. The Fed’s greatest fear is inflation – both real and imagined. The policymakers hedge against inflation by raising interest rates. Obviously this will reflect in higher mortgage interest rates. When interest rates go up, home values are affected because there are less total potential buyers that qualify for the more expensive houses. We may be in an asset bubble. As our S&P 500 graphic in this issue shows, the stock market is currently over 50% higher than with the previous bubbles. I’m a high-end residential real estate expert, not a macro economics professor, but The Fed has been priming our nation’s financial pump for numerous years and it will not continue forever. Here’s the best advice I can give you on any form of bubble: It’s always better to get out a bit early rather than too late. We specialize in 43 guard gated and select gated communities in Summerlin, Las Vegas and Henderson. You can benefit from my 14+ years of experience in luxury residential real estate. Please contact me at 702-605-7480 and I’ll be pleased to explain precisely how we can help you. 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
10217 Stony Ridge Drive
Summerlin 3,888
Canyon Fairways* Corta Bella
1829 Dolce Drive
Summerlin 3,510
Country Club Hills* Country Rose Estates 9705 Cameo Rose Lane
Summerlin $964,500 $248
Summerlin $599,900 $171 Summerlin
2,628
Summerlin $391,500 $149
Queensridge
9729 Gavin Stone Avenue 920 Granger Farm Way 9521 Verlaine Court
Regency at the Lakes* Southern Highlands
5 Wood Creek Court (SS) 12058 Whitehills Street 11992 Whitehills Street 11926 Whitehills Street
Las Vegas
Spanish Trail*
Eagle Rock*
Summerlin
Ten Oaks
The Palisades
10212 Stone Briar Court
Red Rock Country Club 2112 Country Cove Court 2055 Alcova Ridge Drive 2603 Red Springs Drive 2178 Orchard Mist Street 2014 Country Cove Court 2162 Country Cove Court 2893 Red Springs Drive 2507 Red Springs Drive
The Ridges
16 Soaring Bird Court 68 Panorama Crest Avenue
Summerlin 5,423 $1,300,000 $240 Summerlin 6,449 $1,175,000 $182 4,107 5,224 3,085 5,037 2,526 4,107 3,343 4,899
Summerlin $944,500 $230 $1,250,000 $239 $975,000 $316 $1,375,000 $273 $610,000 $241 $1,015,000 $247 $640,000 $191 $1,200,000 $245
Summerlin 11,433 $3,800,000 $332 3,766 $1,050,000 $279
Tournament Hills*
Summerlin
The Vineyards*
Summerlin
Willow Creek*
Summerlin
Canyon Gate
Las Vegas $420,000 $210
9009 Rivers Edge Drive
2,000
One Queensridge Place
Las Vegas 2,271 $800,000 $352 3,856 $2,150,000 $558
9101 Alta Drive #607 9101 Alta Drive #1202
Las Vegas 11,861 $3,500,000 $295 3,365 $760,000 $226 3,220 $1,100,000 $342 3,888 $700,000 $180 Las Vegas
Summerlin
9804 Moonridge Court
Las Vegas
Spanish Hills*
Eagle Hills*
Mountain Trails
Las Vegas 2,782 $640,000 $230 2,471 $500,000 $202 4,855 $1,385,000 $285
Las Vegas $730,000 $167
7424 Doe Avenue
4,372
Anthem Country Club
Henderson 4,025 $1,060,000 $263 $915,000 $201 4,544 $470,000 $217 2,164 $610,000 $201 3,037
11 Pine Hollow Drive 22 Golf Crest Court 45 Hunt Valley Trail 46 Desert Highlands Drive
The Fountains
2300 Prometheus Court 2224 Chatsworth Court
Hillsboro Heights
1867 Woodhaven Drive (SS) 195 Springfield Street
3,985 5,383
Henderson $835,000 $210 $959,900 $178
5,332 4,387
Henderson $580,000 $109 $540,000 $123
Legacy Estates* MacDonald Highlands
1402 Foothills Village Drive 1421 Foothills Village Drive
Henderson 4,107 4,107
Henderson $840,000 $205 $950,000 $231
Roma Hills*
Henderson
Seven Hills - Rapallo*
Henderson
Seven Hills - Terracina/Venezia*
Henderson
*No closed sales for the month of February REO - Bank Owned Forelcosure SS - Short Sale
10967 Willow Valley Court
This entertainer’s dream home is a custom two and is situated on a large corner lot. It features h main living areas and luxurious carpet in the ma with fireplace, 20' vaulted ceilings and rear yard room features French doors and wet bar, whil closets and its own private balcony overlooking
Willow Creek | $1,499,000
o-story property in guard gated Willow Creek ardwood and marble flooring throughout the ster suite. The formal living room is complete d access. A fourth bedroom or optional game e an upstairs bedroom features two walk-in the rear yard.
HOW’S THE MARKET? | HOME PRICING
GUARD GATED SALES STATISTICS - February
HOMES FOR SALE
IN ESCROW
SOLD
EXPIRED
ABS RATE/ MONTH
$500-$750K
100
38
14
10
6.8
$750K-$1MM
88
24
10
8
10.2
$1-$1.5MM
99
22
9
2
11.2
$1.5-$2MM
40
22 Sales in Last 6 Months
9
0
2
14
$2-$2.5MM
33
16 Sales in Last 6 Months
3
1
0
14.4
$2.5-$3MM
21
5 Sales in Last 6 Months
4
0
1
25
$3-$4MM
28
7 Sales in Last 6 Months
2
2
2
25.7
$4MM+
49
1 Sale in Last 6 Months
1
0
2
25 (Years)
MARKET TRENDS |
MONTHLY & YEARLY
Sold Properties
-16% 43
Jan '17
36
Feb '17
Month over Month
Active Listings
534
561
Jan '17
Feb '17
Sold Properties
43
Feb '16
+5.1% Month over Month
Active Listings
-16%
596
561
Year over Year
Feb '16
Feb '17
-5.9%
36
Feb '17
Year over Year
702.605.7480 | robjensen.com
S&P 500 Index at Record Highs! What's Next? The Standard and Poor’s 500 Index (S&P 500) is a stock market grouping based on the market capitalizations of 500 large companies with common stock listed on the NYSE or NASDAQ stock markets. Many economists regard this Index as a barometer for the economy as a whole. The graphic above depicts the historical S&P 500 Index. Notice the increase that has built up since 1995. We have been at record highs for the last 4 years. This shows that the US economy is generally strong and consumer confidence is high.
robjensen.com
702.605.7480
You may also notice the “corrections” in March 2000 and October 2007. These declines show the bursting of the Tech and Real Estate bubbles respectively. We do not have a crystal ball and will not pretend to know when the next correction will occur. It could be this year or years from now. But it will happen at some point in time. It may be a small correction or it could be as drastic as the previous two. No one knows for sure. If you’d like to sell your house before the next correction hits, please call us now at 702-605-7480.
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135
11493 Timber Mountain Avenue Red Rock Country Club | $599,000
This beautiful single story home is located behind the West Gate of Red Rock Country Club and features a gated courtyard with remote intercom and lock for the security conscious. Cherry-finished cabinetry contrasts with the polished travertine floors. The open layout kitchen boasts GE Monogram appliances, a Kohler touchless faucet, and a Bosch dishwasher. The master suite truly shines with direct access to the private rear yard and raised meditation patio. Secluded and private back yard, recently refreshed.
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