APRIL 2014
2837 Middle Earth Street
Willow Creek 3,792 sq.ft. | 5 bedrooms + Office/Den 4 full & 1 half bathrooms $
665,000
Call us today to help you find or sell your guard gated home.
702.605.7480 www.robjensen.com
SOLD PROPERTIES | MARCH 2014 Address Sq. Ft. Sold Price
Anthem Country Club
18 Bloomfield Hills Drive 20 Starbrook Drive 12 Isleworth Drive 5 Contra Costa Place 54 Fountainhead Circle 4 Contra Costa Place
Price Short Sale /Sq.Ft. /REO
7,319 $1,600,777 3,962 $805,000 3,600 $825,000 3,374 $765,000 2,678 $597,500 2,614 $469,000
$219 REO $203 $229 $227 $223 $179
9912 Mirada Drive
3,372
$199
Bellacere
No closed sales for the month.
Aventura
Canyon Fairways
409 Club Court 5,122 9412 Tournament Canyon Drive 3,954
Canyon Gate
$670,000
$755,000 $690,800 $685,000
$155 $145 SS $171
Eagle Rock
No closed sales for the month.
Legacy Estates
No closed sales for the month.
$184 $254 $214
6,191
$2,000,000
$323
9905 Sparrow Hawk Court
5,978
$1,515,000
$253
One Queensridge
No closed sales for the month.
Mountain Trails
Queensridge
9700 Verlaine Court 901 Ville Franche Street
$280 $260 $224 $203 $266 $211 $301 $251 $215
Seven Hills - Terracina No closed sales for the month.
5,926 $1,089,900 4,926 $1,250,000 3,509 $750,000
1720 Tangiers Drive
11447 Morning Grove Drive 6,321 $1,770,000 2047 Cherry Creek Circle 5,224 $1,360,000 11313 Golden Chestnut Place 3,823 $855,500 2952 Soft Horizon Way 3,455 $701,000 3047 Red Springs Drive 3,085 $820,000 11385 Sandstone Ridge Drive 2,508 $530,000 2476 Grassy Spring Place 2,325 $699,000 11460 Timber Mountain Avenue 2,325 $583,000 11367 Cedar Log Court 2,160 $465,000
Red Rock Country Club
$188 $150
9104 Golden Eagle Drive 1972 Redbird Drive 2113 Redbird Drive
MacDonald Highlands
$260 $181
$690,000 $340,000
No closed sales for the month.
Eagle Hills
$865,000 $540,000
3,330 2,989
Roma Hills
Corta Bella
4,870 4,753 4,000
9513 Queen Charlotte Drive 700 Sethfield Place
$259 $268
3,663 2,267
1916 Glenview Drive 1813 Glenview Drive 9005 Rolling Knoll Court
Price Short Sale /Sq.Ft. /REO
$1,325,000 $1,060,000
8928 Rainbow Ridge Drive 8952 Echo Ridge Drive
Country Club Hills
Address Sq. Ft. Sold Price
7,357 $1,625,000 4,468 $945,000
$221 $212
No closed sales for the month.
Seven Hills - Rapallo No closed sales for the month.
Southern Highlands
26 Vintage Ridge Drive 35 Vintage Canyon Street 11877 Oakland Hills Drive 3862 Woodsen Bend Drive
Spanish Hills Spanish Trail
10,175 9,254 4,681 4,279
$2,500,000 $2,400,000 $1,080,000 $1,000,000
$246 $259 $231 $234
No closed sales for the month.
41 Princeville Lane 22 Sawgrass Court
7,372 $1,525,000 4,143 $672,000
Ten Oaks
No closed sales for the month.
The Fountains
No closed sales for the month.
The Palisades
10157 Prestancia Avenue
$207 $162 REO
4,085
$835,000
$204
20 Cross Ridge Street
4,399
$1,330,000
$302
The Vineyards
No closed sales for the month.
Tournament Hills
No closed sales for the month.
The Ridges
Willow Creek
10994 Willow Valley Court
5,100
$1,600,000
$314
How’s the Market Although we continue to hear the threat that rates are going to start increasing, we continue to see them hover at the same low levels they have been at for the last six months. We also continue to see the mortgage guidelines allow for more aggressive financing. For more information and details on rates and programs please contact me. ~ Michelle Pistone
Michelle Pistone
Private Mortgage Banker, NMLS # 409911
Mutual of Omaha Bank 8945 W. Russell Road, Suite 100, Las Vegas, NV 89148 702.271.8447 Mobile
225
michelle.pistone@mutualofomahabank.com
Interest Rate
APR*
3yr Fixed Jumbo ARM 5yr Fixed Jumbo ARM 7yr Fixed Jumbo ARM
3.125 3.625 3.875
3.118 3.314 3.508
* Based on loan amount of $700,000, 25% down payment, 0.75% origination pts, $1,500 in estimated fees (will vary by region), and a 60 day rate lock. All jumbo loans have a 30 year maturity and reate may increase after the fixed rate period ends.
Guard Gated Communities Sales Trend
Expired
Absorption Rate*
24
8
7.27
500-750K
87
40
19
6
6.99
750K-1MM
83
18
13
0
8.68
1-1.5MM
72
29
9
4
17.31
1.5-2MM
42
8
7
4
18
2-2.5MM
23
6
3
1
11.60
2.5-3MM
17
2
1
0
19
3-4MM
22
4
0
1
52
>4MM
38
1
0
0
58.50
For Sale
<500K
*Absorption Rate: length of time it takes to sell current inventory - number of months of current supply based on average number of monthly sales for last 6 months.
Mutual of Omaha Bank | Non-Conforming Loans 150 As of April 4, 2014
Sold
150
Under Contract 79
Pricing
Source: Multiple Listing Service (MLS), 4/2/14
75
0 <500K
500K-750K
750K-1MM
1-1.5MM
76 UNITS SOLD 701 UNITS LISTED
1.5-2MM
2-2.5MM
28.8%
2.5-3MM
12.9%
3-4MM
>4M
-32%
March 2014 Change from Feb. 2014
Change from Feb. 2013
2011 Shenley Court
Bromley Place 8,468 sq.ft. | 5 bedrooms + Office/Den 5 full & 2 half bathrooms $
2,500,000
702.605.7480 | www.robjensen.com
2036 Glenview Drive
Country Club Hills 3,780 sq.ft. | 4 bedrooms | 3 full & 1 half bathrooms
799,000
$
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10161 Park Run Drive, Suite 150 Las Vegas, NV 89145
Information on 28 Guard Gated Communities inside!
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9700 Verlaine Court
Queensridge North
“I really enjoyed the company’s goaloriented attitude. Everyone seemed more like a friend rather than a business partner. The whole thing was professionally done. No amateurs by any means!” ~ Melvin & Sherry Lamph
Great Time to Sell! Call Rob Jensen today to sell your home. 702.605.7480