Rob's Report - May 2017

ROB'S REPORT SUMMERLIN, L AS VEGAS, & HENDERSON M a y 2 0 17

CALL robjensen.com

702.605.7480

3770 Caesars Circle | Verde Valle

$1,599,000

Location. Location. Location. This elegant single story Tuscan style home, set on an almost half acre lot, is located in an exclusive gated community of million dollar homes within 5 minutes of the Las Vegas Strip and McCarran Airport. A designer painted barreled ceiling foyer with a custom chandelier welcomes you into this luxurious single story estate. The design details throughout the 5,569 square foot home are second to none. Custom wrought iron railings, extensive use of stonework, crown moldings, designer millwork, and custom light fixtures are sure to wow friends and family alike.

SOLD PROPERTIES | GATED FOR THE MONTH OF APRIL 2017

LAS VEGAS

SUMMERLIN ADDRESS

SF

Barrington No closed sales for the month of April.

Canyon Crest No closed sales for the month of April.

Canyon Ridge 528 Pima Canyon Court 2,410 613 Summer Mesa Drive 2,951 Canyon Terrace No closed sales for the month of April.

Desert Trails No closed sales for the month of April.

Mira Villa No closed sales for the month of April.

Serrano 619 Coriander Canyon Court 4,576

SOLD PRICE

PRICE/ SF

ADDRESS

SF

SOLD PRICE

PRICE/ SF

The Lakes No closed sales for the month of April.

Park Trail Estates No closed sales for the month of April. $645,000 $567,000

$268 $192

$937,000

$205

HENDERSON Seven Hills - Marquis No closed sales for the month of April.

Seven Hills - Portofino No closed sales for the month of April.

Sky Terrace No closed sales for the month of April.

Dear Friends, As seen from the photos included in this issue, we recently held our annual Client Appreciation Party. The party was hosted at Vintner Grill and over 200 of our current and former clients joined us for this celebration. We’d like to thank everyone for the tremendous support we have received over the years that makes this event, and our company, possible.

The Las Vegas real estate market is far too large to effectively be all things to all people. In addition to good old-fashioned hard work, one of the primary keys to our success lies in our specialty of guard gated and select gated communities. We keep a watchful eye on these communities and publish the updated sales statistics monthly. We are also constantly updating our data on changes in HOA rules, CC&R amendments, local school issues, and new construction developments surrounding the neighborhoods we focus on.

There is no substitute for experience. We provide our knowledge and guidance to buyers and sellers who have a home or buying interest in these communities.

Please contact me at 702-605-7480 to learn more about how our focused expertise can benefit you.

Sincerely,

Rob Jensen Broker/President

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

SUMMERLIN ADDRESS Aventura* Bellacere* Canyon Fairways 9268 Tournament Canyon Drive Corta Bella 1725 Corta Bella Drive 1820 Dolce Drive Country Club Hills* Country Rose Estates 9701 Cameo Rose Lane 9808 Cantebury Rose Lane 2204 Scarlet Rose Drive Eagle Hills 9204 Golden Eagle Drive 2012 Grouse Street 2017 Grouse Street 2020 Grouse Street Eagle Rock* Mountain Trails* The Palisades 10301 Orkiney Drive (SS) Red Rock Country Club 2009 Alcova Ridge Drive (REO) 1985 Alcova Ridge Drive 2685 Grassy Spring Place 3287 Mission Creek Court 2047 Orchard Mist Street 11376 Sandstone Ridge Drive 11493 Timber Mountain Avenue The Ridges 43 Grey Feather Drive 62 Pristine Glen Street 9 Soaring Bird Court Tournament Hills 1108 Pine Island Court The Vineyards 1512 Chambolle Court Willow Creek 10722 Grey Havens Court 10809 Ickworth Court 2994 Kedleston Street

SF

3,899 3,206 3,946

LAS VEGAS SOLD PRICE

$850,000 $599,999 $515,000

PRICE/ SF

$218 $187 $131

2,289 2,219 2,417

$430,000 $400,000 $396,000

$188 $180 $164

6,203 5,617 3,881 3,155

$1,725,000 $1,600,000 $927,500 $865,000

$278 $285 $239 $274

ADDRESS Canyon Gate 8904 Canyon Springs Drive 1605 Iron Ridge Drive One Queensridge Place 9101 Alta Drive #16 9103 Alta Drive #1106 Queensridge 9820 Miss Peach Avenue Regency at the Lakes 9900 South Robin Oaks Drive Southern Highlands 11946 Port Labelle Drive 40 Vintage Canyon Street 8 Vintage Valley Drive Spanish Hills 4927 Spanish Heights Drive Spanish Trail* Ten Oaks*

SF

SOLD PRICE

PRICE/ SF

7,304 4,305

$2,000,000 $820,000

$274 $190

2,014 2,137

$575,000 $785,000

$286 $367

2,859

$455,000

$159

4,883

$830,000

$170

4,090 8,792 8,280

$1,190,000 $2,800,000 $3,600,000

$291 $318 $435

6,670

$900,000

$135

$800,000 $1,450,000 $394,000 $725,000 $380,000 $510,000 $418,800 $450,000 $445,000 $655,000 $451,000 $635,000 $518,150 $660,000

$222 $235 $190 $225 $183 $219 $202 $245 $236 $170 $209 $173 $190 $187

$460,000

$169

$1,350,000 $860,000 $750,000 $705,000 $1,200,000

$283 $194 $253 $193 $238

HENDERSON

6,189

$950,000

$153

5,037 3,521 3,601 2,160 4,113 3,455 2,325

$890,000 $705,000 $845,000 $580,000 $915,000 $695,000 $580,000

$177 $200 $235 $269 $222 $201 $249

4,618 4,172 7,579

$1,800,000 $1,399,000 $2,150,000

$390 $335 $284

8,376

$2,499,900

$298

4,442

$1,388,000

$312

3,792 4,016 4,612

$748,000 $769,000 $1,200,000

$197 $191 $260

robjensen.com

702.605.7480

*No closed sales for the month of April

Anthem Country Club 26 Anthem Creek Circle 3,600 9 Anthem Pointe Court 6,178 12 Caprington Road 2,076 17 Clear Crossing Trail 3,216 9 Creeping Bend Court 2,076 43 Gladewater Drive 2,328 28 Gladewater Drive 2,076 18 Haig Point Court 1,833 11 Haig Point Court 1,889 25 Holston Hills Road 3,848 9 Hunt Valley Trail 2,162 32 Moraine Drive 3,677 24 Moraine Drive 2,733 19 Plum Hollow Drive 3,537 The Fountains* Hillsboro Heights 1876 Fairfield Terrace 2,718 Legacy Estates* MacDonald Highlands 496 Bighorn Ridge Avenue 4,767 1705 Cypress Manor Drive 4,440 1712 Cypress Manor Drive 2,968 1709 Cypress Manor Drive 3,662 1352 River Spey Avenue 5,037 Roma Hills* Seven Hills - Rapallo* Seven Hills - Terracina/Venezia* REO - Bank Owned Foreclosure

SS - Short Sale

ROB JENSEN COMPANY

Client Appreciation Party VINTNER GRILL APRIL 20, 2017

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

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500-$750K

106

55

30

5

5.9

$750K-$1M

100

33

14

4

8.3

$1-$1.5M

113

41

7

2

12.3

$1.5-$2M

43

10

2

1

13.3

$2-$2.5M

28

8

3

1

10.3

$2.5-$3M

29

5

1

0

17

$3-$4M

22

6

1

0

28

$4M+

53

2

0

2

110

* ABS(orption) rate is the length of time (in months) that it takes to sell current inventory. This is calculated by taking 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), 5/1/17.

We add pending and contingent sales to the active listings; otherwise, they'd be counted twice as sales or they might fall out of contract and become available again.

MARKET TRENDS |

MONTHLY & YEARLY

ACTIVE LISTINGS

CLOSED SALES

654

58

6.2% over last month 0.5% over last year Month over Month Apr '17 Mar '17

Month over Month 654 616

Year over Year Apr '17 Apr '16

24% over last month 2% over last year Apr '17

58 76

Mar '17 Year over Year

654 657

Apr '17

58

Apr '16

57

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

9813 Cantebury Rose Lane | Country Rose Estates

$515,000

This spacious two-story home is in the exclusive guard gated community of Country Rose Estates, located in The Trails section of Summerlin. High cathedral ceilings greet you as you enter this well configured 3,231 square foot residence. The custom white shutters throughout the home allow in as much natural light as you desire. The open kitchen layout welcomes all and looks out into the great room, which features custom hardwood flooring, designer fireplace, custom tile work, and a dedicated entertainment center area.

robjensen.com

702.605.7480

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

CE S I PR FER T S F LI E O ER IPL V O LT D U L M SO TH I W

2690 S. Monte Cristo Way | Section 10

$955,000

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 • 702.605.7482 We exclusively specialize in working with buyers and sellers in 43 guard gated and select gated communities in Summerlin, Las Vegas, and Henderson.