Rob's Report – October 2015

ROB REPORT O C T O B E R

900 Pont Chartrain Drive

robjensen.com

702.605.7480

2 0 1 5

Queensridge | $1,349,000

$500K total interior remodel. This home could be from the pages of a design magazine.

Hardwood, imported marble, steel and glass create this masterwork’s modern look. Yet, there is more to this fine home than looks, such as the en suite detached casita in the gated courtyard or the sparkling pool overlooking 17th hole frontage. But the feature to cap it all is an incredible master bath to indulge your senses (seriously, you must see this bathroom!).

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

SOLD PROPERTIES |

HOW’S THE MARKET |

SEPTEMBER

HOME PRICING

Anthem Country Club

Queensridge

50 Colleton River Drive

1,889

$386,000

$204

107 Fountainhead Circle

2,678

$535,000

$200

30 Wade Hampton Trail

3,062

$760,000

$248

Red Rock Country Club

23 Contra Costa Place

3,374

$720,000

$213

11247 Winter Cottage Place 3,455

$600,000

$174

24 Chenal Pass

3,819

$698,500

$183 REO

11298 Parleys Cone Court

3,455

$630,000

$182

10 Old Marsh Court

3,943

$1,072,500

$272

3002 Soft Horizon Way

3,627

$712,500

$196

11 Sankaty Circle

4,812

$1,425,000

$296

2485 Grassy Spring Place

5,268

$1,542,741

$293

10 Corral De Tierra Place

7,228

$2,300,000

$318

2592 Red Arrow Drive

6,648

$3,000,000

$451

Aventura

No closed sales for the month.

Bellacere

No closed sales for the month.

Canyon Fairways

No closed sales for the month.

3,330

$580,000

$174

Roma Hills 790 Bolle Way

4,725

$850,000

$180

Seven Hills - Marquis No closed sales for the month.

IN ESCROW

SOLD

EXPIRED

ABS RATE*

<500K

132

96

32

41

6.3

500-750K

165

33

16

27

11

750K-1MM

96

26

7

11

1-1.5MM

89

19

13

1.5-2MM

57

7

2-2.5MM

22

2.5-3MM

22

TRENDS Sold Properties

Active Listings

Sep ‘15

73

842

8.9

Aug ‘15

60

818

21

8.5

MoM%

22%

2.9%

1

6

14.8

Sep ‘14

70

689

3

2

2

18.8

YoY%

4%

22%

2

0

0

24

3-4MM

27

2

1

1

21.8

>4MM

44

0

1

0

66

*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), 10/3/15

Seven Hills - Rapallo No closed sales for the month.

Canyon Gate 8912 Rainbow Ridge Drive

1,788

$415,000

$232

8941 Diamond Falls Drive

2,336

$390,000

$167

8969 Diamond Falls Drive

2,336

$385,000

$165

Corta Bella

309 Kingsclear Court

FOR SALE

GUARD GATED SALES STATISTICS - SEPTEMBER

No closed sales for the month.

Country Club Hills 9013 Thornbury Lane

3,082

$690,000

$224

1812 Wincanton Drive

4,588

$1,150,000

$251

8905 Tavistock Court

4,705

$1,340,000

$285

1705 Glenview Drive

4,705

$800,000

$170

9016 Thornbury Lane

4,780

$1,250,000

$262

1700 Wincanton Drive

5,055

$1,165,000

$230

9037 Park Forest Court

5,268

$1,210,000

$230

Eagle Hills

No closed sales for the month.

Eagle Rock Legacy Estates

Seven Hills - Terracina/Venezia 1363 Opal Valley Street

5,624

$1,099,999

$196

Southern Highlands 12007 Oakland Hills Drive

3,846

$855,000

$222

11857 Oakland Hills Drive

5,098

$1,075,000

$211

21 Olympia Hills Circle

7,264

$2,150,000

$296

5070 Scenic Ridge Drive

4,713

$1,350,000

$286

Spanish Trail

No closed sales for the month.

Spanish Hills

Ten Oaks 1401 Silver Oaks Street

4,282

$1,050,000

$245

No closed sales for the month.

The Fountains

No closed sales for the month.

No closed sales for the month.

The Palisades

No closed sales for the month.

The Ridges

MacDonald Highlands 1676 Tangiers Drive

5,498

$1,366,000

$248

Mountain Trails

No closed sales for the month.

One Queensridge

60 Tapadero Lane

4,179

$900,000

$215

25 Painted Feather Way

9,013

$4,250,000

$472

The Vineyards

No closed sales for the month.

Tournament Hills

No closed sales for the month.

9101 Alta Drive #707

2,271

$835,000

$368

9101 Alta Drive #1107

2,271

$900,000

$396

9101 Alta Drive #1103

2,638

$1,300,000

$493

Willow Creek

9101 Alta Drive #15

2,686

$800,000

$298

10836 Iris Canyon Lane

3,951

$820,000

$208

Fall is finally here, Halloween is just around the corner, and before you know it, you’ll be in the middle of the holidays. This time of the year is when the housing market typically begins to slow down, causing most home owners to wait until next spring to list their homes. So I figured that this would be the perfect time to address listing “Now vs. Waiting,” and you decide your best route.

Now: List now because interest rates are still at record lows, the stock market is still high, and the inventory (potential) competition also starts to decline this time of year.

Homes can even feel more “homey” than usual with holiday lights and decorations.

The main potential downside is to have to deal with inspections and moving during the holidays, and in general, landscaping doesn’t show as well this time of year.

Wait: If you don’t want to bother with the headache of selling your home during the holidays, wait and make the time to sell next year. I recommend that you be on the market by the beginning of March at the latest. That’s when the market picks up again and sales heat up. Closed sales usually spike in April, which means the homes are going under contract 30-45 days prior.

Enjoy this month’s newsletter chocked full of beautiful properties and market info.

If you have questions, give us a call.

It’s a Good Life,

Rob Jensen Broker/President

NEWS

NEWS

Fall is in the Air: Are You Prepared?

Best of Summerlin Winners Announced

Article by Mike Stotts

Article by Mike Stotts

With autumn catching us in our summer wear and fall close behind, it won’t be long until the knock-knockin’ at your door will reveal a cavalcade of enchanted witches, swash buckling pirates and bestie minions.

And with the onslaught of cooler weather and frost soon nipping your pumpkin, it’s also the opportune time for you to be “Captain America” and tend to those household matters that may need your tender loving care before the holiday season revs into overdrive.

Check your heating equipment. When it comes to heating equipment maintenance and repairs, fall is the best time of year for a professional to perform necessary procedures to avoid disaster.

Water heaters need tender, loving care. Water heaters are a huge plumbing culprit. Have water heater checked at least once a year: have plumber inspect connections, flush water heater and drain sediment from tank.

Don’t forget the washing machine connections.

The connections and hoses in the back of your washing machine need checking because hoses wear out and crack, and poor connections could allow water to leak.

Protect your pipes and plants. Avoid plumbing headaches: check thoroughly for plumbing leaks and know where the shutoff valve is located. Exposed

Summerlin, Las Vegas’ largest master-planned community, earlier today announced the winners for its 2015 “Best of Summerlin” business and venue awards during the Summerlin Festival of Arts.

outdoor pipes should be wrapped with insulated tubing and protect certain outdoor plants with burlap.

Change the clocks, change the batteries. Smoke detectors and carbon monoxide detectors save lives... but only if they’re powered on by fresh batteries.

Replace smoke and carbon monoxide detector batteries twice a year.

Sponsored by Land Rover Las Vegas, Desert Companion, FashionTrend.Vegas, & Cox Communications, the event and competition provided residents a fun way to spotlight Summerlin businesses and locations that best demonstrate the community’s goals for positive social engagement and healthy living.

Prepare for the cold and flu season. Will your household be prepared if illness strikes? Check your pantry and medicine cabinet and update items you may need.

Determining the finalists was not a simple task considering Summerlin’s robust, popular amenities and premier lifestyle options to choose from. Nearly 450 submissions were received, and the following winners were chosen from the finalists in the Top 13 categories:

Be prepared. Review your family’s emergency plan or create one for the first time. Update phone numbers, addresses and contact information, and post an Emergency Information Page near your phone.

Safety first! Always be aware of your surroundings.

Don’t overindulge in alcoholic beverages (if you choose to drink), make sure to take care of your friends and keep an eye out for each other, and always comply with any police advisories and requests.

And now with those essential home activities done, it’s time to sit back and “treat” yourself to some pumpkin spiced latte, cinnamon apple cider or eggnog—with or without the “spike”!

702.605.7480 | robjensen.com

Best Park: The Willows Park Best School Spirit: Palo Verde High School

2606 Grassy Springs Place

Red Rock Country Club

| $1,199,000

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 throughout combined with a high-end 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.

2894 Soft Horizon Way

Red Rock Country Club

| $659,900

Single story overlooking the 11th hole of the Arroyo Golf Club. Custom paint and a high-end kitchen are but a few of the handsome features this home offers. How about dual guest bedrooms with en suite baths and walk-in closets? Or one of the most private and lush covered patios you may have ever seen? There’s plenty more waiting for you to discover.

Warm and inviting, you can indulge in all the comforts of home and a country club lifestyle.

Best Place to Work Out: Lifetime Athletic Best Family-Friendly Restaurant: BJ’s Restaurant & Brewhouse

Best Locally Owned Restaurant or Eatery: Rachel’s Kitchen Best Golf Course: TPC Summerlin Best Restaurant for a Celebration: BJ’s Restaurant & Brewhouse Best Small Retail Business (non-restaurant, 20 employees or fewer): Broken Spokes Bikes Best Large Retail Business (non-restaurant, more than 20 employees): Costco Best Service Provider: Salt Room LV Best Community Event: Downtown Summerlin Farmer’s Market Summerlin Sam, the community’s jackrabbit mascot, visited each finalist and featured them on Summerlin’s social media: Facebook, Twitter and Instagram.

The competition was open to all Las Vegas valley residents, but only locations within the 22,500-acre master-planned community qualified as finalists.

See all the competing finalists at robjensen.com/news.

Best Happy Hour: Yard House

To read many more stories visit robjensen.com/news

robjensen.com

702.605.7480

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

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25 Painted Feather Way | The Ridges Sold Price $4,250,000

Featured Properties, Closed Sales and Trends for 29 Guard Gated Communities inside!

â&#x20AC;&#x153;As with the previous home purchases Rob has represented us on, we are completely satisfied with every aspect of our buying experience!â&#x20AC;?

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