Rob's Report – November 2015

ROB REPORT L A S

V E G A S & H E N D E R S O N N O V E M B E R 2 0 1 5

OPEN HOUSE | November 22 | Noon - 4pm

616 Edgebrook Drive

robjensen.com

702.605.7480

Canyon Crest | $950,000

Completely charming, this custom home offers traditional style and modern living. The manicured formal spaces are ideal for upscale hosting, while the family room with Pub Alcove is a great place for simply relaxing. Shining stainless steel, rich maple wood and flowing granite make this kitchen a gorgeous place to cook your best family meals. The master boasts a private balcony overlooking the sparkling pool & spa, large bath with alcove jetted tub and dual closets.

Call us today to find or sell your guard gated home.

SOLD PROPERTIES |

LAS VEGAS & HENDERSON

|

OCTOBER

HOW’S THE MARKET | HOME PRICING

Anthem Country Club 14 Chatmoss Road 3 Glendora Court 62 Desert Highlands Drive

1,940 1,942 3,037

$375,000 $436,000 $675,000

Henderson $193 $225 $222

$995,000

Las Vegas $283

$2,499,000

Las Vegas $267

$1,350,000

Las Vegas $235

Aventura 9912 Alegria Drive

3,514

Bellacere 10432 Summit Canyon Drive 9,344

Canyon Fairways 9325 Canyon Classic Drive

5,756

5,211

$865,000

Corta Bella 8816 Cortile Drive

3,510

3,780 4,399

Las Vegas $162

$730,000 $912,500

Las Vegas $193 $207

4,257 5,037 6,522

5,479

$1,500,000

Roma Hills 1770 Harpsichord Way

4,756

2801 Via Tazzoli Court 1312 Villa Barolo Avenue

3,642 7,519

Henderson

Seven Hills - Terracina/Venezia 2677 Mirabella Street 1619 Villa Rica Drive

4,360 8,350

$1,000,000 $4,350,000

3362 Birchwood Park Circle 3,165

$600,000

Southern Highlands Spanish Hills

Las Vegas $274

Spanish Trail 4,134

$680,000 $837,500

Las Vegas $208 $212

No closed sales for the month.

5,720

$910,000

Henderson $159

2273 Buckingham Court

1308 Enchanted River Drive 4,062

$785,000

Henderson $193

Legacy Estates MacDonald Highlands Mountain Trails 9904 Glenrock Drive 2200 Point Rock Lane 2204 Point Rock Lane

5,157 5,536 6,145

$1,350,000 $1,600,000 $1,525,000

Las Vegas $262 $289 $248

3,355 3,856 3,856 5,114

$1,600,000 $1,950,000 $2,100,000 $2,830,000

Las Vegas $477 $506 $545 $553 REO

One Queensridge 9103 Alta Drive #1005 9103 Alta Drive #802 9101 Alta Drive #1102 9101 Alta Drive #1503

$1,450,000 $1,925,000

Henderson $398 $256

Seven Hills - Rapallo

3,268 3,942

129 Augusta Street

$819,000

Henderson $172

Seven Hills - Marquis

8407 Turtle Creek Circle

Eagle Rock 9504 Rocky Cliff Place 9712 Amber Peak Court

$795,000 $1,100,000 $1,850,000

Henderson $229 $521 Las Vegas $190

9712 Foxtrap Avenue 2,640 9400 Provence Garden Lane 4,755 305 Bayswater Court 5,067

Ten Oaks

$500,000 $700,000 $1,060,000

Las Vegas $189 $147 $209

Henderson $167

4,079 6,413

$1,225,000 $1,300,000

Las Vegas $300 $203

3,955 4,172 6,762

$1,275,000 $860,000 $3,150,000

Las Vegas $322 $206 $466

The Vineyards

Las Vegas

No closed sales for the month.

Tournament Hills 6,545

$2,158,000

Las Vegas $330

10968 Tranquil Waters Court 3,302 10736 Penhurst Way 4,308

$910,000 $879,000

Las Vegas $276 $204

Willow Creek

ABS RATE*

<500K

136

89

37

8

6.1

500-750K

155

42

15

12

11.2

750K-1MM

104

22

12

3

1-1.5MM

90

21

7

1.5-2MM

47

9

2-2.5MM

19

2.5-3MM

22

TRENDS - MONTHLY & YEARLY Sold Properties

Active Listings

Oct ‘15

77

843

9.1

Sep ‘15

73

842

6

8.9

MoM%

5%

0.1%

2

2

16.8

Oct ‘14

75

691

7

2

2

17.3

YoY%

3%

22%

4

0

1

31.2

3-4MM

26

4

1

1

25.7

>4MM

46

0

1

2

69

*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), 11/3/15

Dear Friends,

Sellers: The fundamentals of working with a low offer: • Do not take low offers personally. Whether you like the offer or not, understand that buying a home is an emotional process, so you can’t blame them for trying.

• A buyer can lose interest if the offer lingers for too long. It’s best to strike while the iron is hot.

• People watch real estate TV and everyone has a family member or a friend with an exaggerated story on the great deal they got or saw. Don’t lose sight of the big picture and respond to your offers.

• Remember that regardless of how amazing your home is, buyers do have other options, so take offers seriously—even if they don’t start out that way.

$610,000

The Ridges 19 Panorama Crest Avenue 54 Grey Feather Drive 7 Morning Sky Lane

EXPIRED

Las Vegas $169

3,650

The Palisades 213 Luxaire Court 10437 Orkiney Drive

SOLD

It’s been a busy fall season for Rob Jensen Company negotiating real estate deals. So, I thought this would be a good time to share a few tips to help you prepare when it’s your turn to come to the table to negotiate as a buyer or a seller.

Las Vegas

The Fountains

8900 Players Club Drive

Queensridge

$699,000

IN ESCROW

Las Vegas

No closed sales for the month.

Eagle Hills 2104 Redbird Drive

Las Vegas $166

$570,000

Country Club Hills 2029 Glenview Drive 9108 Crystal Lake Court

1964 Alcova Ridge Drive 1970 Cherry Creek Circle 2395 Grassy Spring Place

Las Vegas $187 $218 $284

No closed sales for the month.

Canyon Gate 1805 Iron Ridge Drive

Red Rock Country Club

FOR SALE

GUARD GATED SALES STATISTICS - OCTOBER

Buyers: The fundamentals of making a strong offer: • Be ready to provide your proof of funds for a cash deal.

• If you’re obtaining financing, go the extra mile and secure an underwritten preapproval. This is much stronger than a pre-qual or preapproval, because it actually requires you to submit documentation that a processor reviews prior to issuing the approval.

• It’s wise to offer a reasonable price. Coming in with an unreasonably low price to see how much of a deal you can get usually upsets the seller and can create a heightened adversarial negotiation that will be more challenging.

• Acknowledge that a deal involves price and terms. With this, you possibly can work with the seller on the terms to get you a better price.

Remember to keep the conversation going. It takes a while for a tugboat to turn a barge around.

Good luck, and as always, we’d love to help you negotiate your next deal.

Rob Jensen Broker/President

NEWS

2217 Timber Rose Drive Country Rose Estates

Junior Achievement Prepares Teens for the Real World

OPEN HOUSE | November 22 | Noon - 4pm

Article and photos by Mike Stotts Being able to correctly balance complex algebraic equations is one thing, but when children finish their education, the lingering key question affecting their lifelong survival persists: can they effectively balance their financial life and living decisions that lead to a robust and independent life?

Junior Achievement of Southern Nevada’s flagship Finance Park offering, for the third straight year, seeks to remedy this situation by coming to the rescue of Las Vegas students. Finance Park helps impressionable students understand the interdependence of institutions, and how to effectively handle their life tasks that involve money.

Finance Park deeply immerses 8th grade students in a kaleidoscope of challenging scenarios where they learn to apply the important fundamentals of financial literacy before they step out into the realities of the adult world.

Sponsored by Capital One, children start their unique budgeting experience by first being assigned random adult “identities,” and then use this information to calculate what they can afford, and determine steps needed to turn their life’s aspirations and dreams into realities.

Students complete basic learning modules at their respective schools, consisting of hands-on activities taught by their classroom teacher over three weeks in a 12-hour/lesson personal finance program.

| $475,900

Christopher home in guard-gated Country Rose Estates. From the green and mature front landscaping to the double-door den, this spacious home has plenty to offer, such as vaulted ceilings and plantation shutters throughout. The open kitchen features granite countertops and maple cabinetry, and overlooks the family room where everyone will love to gather together.

Or, take the good times outdoors to the bright blue pool and spa. This home has something for everyone!

The 13th and last lesson culminates with a visit to the Capital One/Junior Achievement Finance Park, where for one day students become adults and have the opportunity to apply what they have learned. This monthly budget exercise is conducted at the Las Vegas Library. It’s built upon the three-dimensional matrix world we live in, with 25 varied budgeting decision areas.

This year, 16 Clark County schools are participating in the 44-day simulation exercise that will host 4,000 8th grade students at no charge. (The schools participating are enumerated in the online article.)

However, with 18,000 eighth-graders in the Las Vegas valley, there is only so much student coverage that Capital One/Junior Achievement can support. The good news is each year the lineup of schools changes.

To learn more about their program, help and make your voice heard, we invite you to attend their Junior Achievement Finance Park open-house on December 10, from 11 a.m. to 1 p.m., at the Las Vegas Library, 833 N. Las Vegas Blvd., in Las Vegas, NV 89109. Prior to attending you need to sign up on the Junior Achievement website, at jalasvegas.org/contact_us.

OPEN HOUSE | November 22 | Noon - 4pm 64 Sawgrass Court

Spanish Trail

702.605.7480 | robjensen.com

Red Rock Country Club

For the adventurous spirit inside you, a unique interior architecture is waiting for you behind the guard gates of Spanish Trail. The distinctive floor plan sits in a rare, triple-side exposure lot. Throughout the home, design details are greatly enhanced with stone, wood, metal and textiles.

Tech-savvy as well, with Sonos home audio system, Lutron lighting including Grafik T switches and even Nest digital thermostats.

Up is down and down is up in this two-story home. Rather than the traditional foyer, through the front door is a dramatic master bedroom and accommodating guest bedrooms. Considering the desert heat, this design is ideal for hot nights as the lower floor is cooler than upstairs. The master bedroom features black, wood-paneled walls and ceilings, an immense granite fireplace, wood flooring and a raised bed platform. Creating a modern aesthetic, the master bath offers a chic day-spa experience complete with a walk-in, 11-head Kohler steam shower and a sleek stand-alone tub.

At the top of the staircase, lined with stitched-wall covering and hard-wood railing, is a sophisticated, open and spacious second level. Sub-Zero, Wolf and KitchenAid appliances complete the kitchen with its shining granite countertops and distinct cabinetry. The raised retreat is a true multi-function space that can be utilized as a conversation area, game room or home office or be creative; add a bed and use the entire second level as a loft—the possibilities are endless.

The ivy-draped rear yard is ideal for entertaining with its sparkling pool, plenty of shade, outdoor fireplace and all-weather patio couches. You will never tire of hosting in this amazing yard.

To read more exciting articles about your community, visit robjensen.com/news.

2606 Grassy Spring Place

| $999,000

OPEN HOUSE | November 22 | 11am - 3pm

This is just a sample of what awaits you in this Spanish Trail custom home. To discover all it has to offer, schedule a private tour today.

robjensen.com

702.605.7480

| $1,099,000

17th hole golf frontage and amazing view.

From a gated courtyard with detached casita to a clear blue pool overlooking the course, valley and Strip, this home has much to offer.

Custom Maple wood and a multi-tone paint scheme through-out combined with a highend kitchen create a picturesque setting for upscale living. A cozy fireplace and inviting bath are ideal master bedroom features, but the stunning view from the private balcony is incomparable.

10161 Park Run Drive, Suite 150 Las Vegas, NV 89145

D L O

S

10736 Penhurst Way Willow Creek

$879,000

Inside Featured Properties, Closed Sales and Trends for 29 Las Vegas & Henderson Guard Gated Communities!

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

Great Time to Sell! Call Rob Jensen today to sell your home. 702.605.7480