ROB'S REPORT
SUMMERLIN, L AS VEGAS, & HENDERSON APRIL 2021
PENDING
11 GREELY CLUB TRAIL
#11GreelyClub
ANTHEM COUNTRY CLUB | $2,000,000 6,003 Square Feet | 4 Bedrooms | 6 Bathrooms | Custom Two-Story An incredible sense of peace awaits at this two-story estate in Anthem Country Club, a 24-hour guard gated community in Henderson known for its social atmosphere and par-72 championship golf course. Tuscaninspired design elements include 11’ cove ceilings, tile floors, stone archways, and beautiful wrought iron fixtures. Enter through the private courtyard garden and discover over 6,000 square feet of living and entertaining space—accented by a multitude of double doors, balconies, and patios for effortless indoor/ outdoor living.
Dear Friends,
2714 RED ARROW DRIVE | RED ROCK COUNTRY CLUB
First, it was toilet paper; now, it’s real estate disappearing fast. In today’s hot market, inventory is low, and demand is high. At all price points up to $2 million, there is barely a two-month supply of guard gated real estate. For homes priced between $2 million and $2.5 million, there’s only a three-month supply—and there’s not much more than that for homes in the ultra-luxury segment of homes priced over $3 million. While this might be frustrating for buyers, it’s excellent news for sellers looking to fetch top dollar.
However, rapidly appreciating prices are causing challenges when it comes to appraisals and loans. If your buyer is paying cash, an appraisal is unnecessary and shouldn’t be an issue, but not all buyers are paying cash. If your buyer is getting a loan, their bank will require an appraisal, possibly two. Why is this a problem? Banks lend money as a percentage of the appraised value. If the appraiser says your home is worth less than the purchase price, the loan will be smaller than expected, and the buyer must cover the balance. This might not be a problem for all buyers, but it may cause doubts about the value of the home they’re buying. They might want to renegotiate the price, and the deal could even fall apart. With over eighteen years of real estate experience, I know the best way to minimize your odds of an appraisal problem happening. If you want to take advantage of the favorable market conditions to get the highest price possible for your home, you need an expert to sell your house AND close the deal—the part where you get your money. Give us a call. We look forward to helping you. Sincerely, Rob Jensen Broker / President 702.605.7480 B.143770
SOLD PROPERTIES | GUARD GATED | MARCH 2021 COMMUNITY Aventura Bellacere
Canyon Fairways Corta Bella Country Club Hills
ADDRESS
PRICE
P/SF
3,023
$654,900
$217
525 Spruce Canyon Street
8,577
$2,600,000
$303
10116 Stony Ridge Drive
3,985
$1,270,000
$319
10133 Summit Canyon Drive
5,833
$1,850,000
9509 Balatta Canyon Court
5,155
9272 Tournament Canyon Drive
COMMUNITY
SF
PRICE
P/SF
1820 Bay Hill Drive
2,413
$655,000
$271
2001 Eagle Trace Way
4,739
$1,325,000
$280
8600 Kiel Ridge Circle
3,858
$710,000
$184
$317
8625 Robinson Ridge Drive
3,167
$800,000
$253
$2,250,000
$436
9029 Robinson Ridge Drive
3,029
$579,900
$191
8,134
$3,700,000
$455
9301 Fontainbleu Drive
5,029
$1,050,000
$209
9416 Tournament Canyon Drive
5,904
$1,675,000
$284
9704 Foxtrap Avenue
2,615
$639,000
$244
8805 Montagna Drive
3,705
$910,000
$246
9632 Gavin Stone Avenue
4,000
$740,000
$185
8840 Montagna Drive
3,206
$715,000
$223
916 Granger Farm Way
2,989
$730,000
$244
1908 Glenview Drive
3,932
$1,499,999
$381
1008 Greystoke Acres Street
2,532
$611,050
$241
2004 Glenview Drive
4,529
$1,399,000
$309
700 Jody Brook Court
2,737
$721,000
9511 Kings Gate Court
20,120 $7,500,000
$373
328 Onyx Crest Street
4,190
$1,065,000
$254
308 Prince Charming Court
4,478
$1,020,000
$228
9300 Provence Garden Lane
4,645
$990,000
$213
9328 Provence Garden Lane
4,777
$845,000
$177
9313 Queen Charlotte Drive
4,190
$1,005,000
$240
9721 Queen Charlotte Drive
4,693
$1,000,000
$213
9700 Verlaine Court
7,254
$1,680,000
$232
9744 Verlaine Court
5,859
$1,399,900
$239
9908 Robin Oaks Drive
3,975
$955,000
$240 $391
Canyon Gate
ADDRESS
$263
2228 Scarlet Rose Drive
3,231
$630,000
$195
Eagle Hills
9213 White Tail Drive
4,853
$1,795,000
$370
Eagle Rock
508 Proud Eagle Lane
3,634
$748,888
$206
The Palisades
10405 Orkiney Drive
5,236
$1,750,000
$334
2145 Alcova Ridge Drive
4,867
$1,549,000
$318
11398 Cedar Log Court
3,085
$1,300,000
$421
2037 Cherry Creek Circle
5,037
$1,530,000
$304
1974 Country Cove Court
3,739
$1,050,000
$281
1982 Country Cove Court
4,107
$1,345,000
$327
2190 Country Cove Court
4,107
$1,400,000
$341
3329 Elk Clover Street
3,787
$1,600,000
$422
11755 Alness Lane
3,379
$1,320,000
11630 Evergreen Creek Lane
4,443
$1,650,000
$371
11826 Brigadoon Drive
4,759
$1,650,000
$347
11700 Evergreen Creek Lane
4,119
$2,350,000
$571
31 Eagles Landing Lane
12,696 $4,600,000
$362
2287 Green Mountain Court
4,899
$1,300,000
$265
34 Grand Masters Drive
4,628
$1,599,000
$346
11447 Morning Grove Drive
6,321
$2,050,000
$324
16 Olympia Chase Drive
6,250
$3,150,000
$504
11522 Morning Grove Drive
5,555
$1,620,000
$292
2 Olympia Hills Circle
9,741
$4,500,000
$462
2104 Orchard Mist Street
5,037
$1,395,000
$277
57 Olympia Ridge Drive
4,119
$1,500,000
$364
3288 Rabbit Brush Court
2,243
$690,000
$308
5091 Mountain Top Circle
6,023
$1,525,000
$253
2556 Red Arrow Drive
8,845
$3,150,000
$356
46 Gulf Stream Court
8,555
$2,000,000
$234
3068 Red Arrow Drive
5,122
$1,950,000
$381
76 Innisbrook Avenue
8,165
$1,750,000
$214
2869 Red Springs Drive
3,455
$1,150,000
$333
12 Princeville Lane
6,415
$1,375,000
$214
2909 Red Springs Drive
2,160
$790,000
$366
37 Princeville Lane
6,283
$1,275,000
$203
11457 Snow Creek Avenue
4,079
$1,610,000
$395
4201 San Alivia Court
6,666
$1,795,000
$269
2895 Soft Horizon Way
3,455
$1,100,000
$318
4069 San Franchesca Court
4,991
$1,225,000
$245
2526 Turtle Head Peak Drive
3,455
$1,010,000
$292
12 Greely Club Trail
6,610
$1,629,900
$247
11200 Luna Blanca Drive
4,407
$2,300,000
$522
10 Holly Tree Court
4,471
$1,200,000
$268
2720 Natural Rock Drive
3,901
$1,050,000
$269
67 Isleworth Drive
3,876
$1,000,000
$258
11120 Red Yucca Drive
2,214
$835,000
$377
15 Mallard Creek Trail
5,695
$1,510,000
$265
11131 Red Yucca Drive
2,639
$875,000
$332
11 Paradise Valley Court
5,348
$1,871,000
$350
3 Boulder Rock Circle
4,405
$2,100,000
$477
26 Plum Hollow Drive
3,537
$1,025,000
$290
54 Coralwood Drive
4,888
$2,200,000
$450
20 Sankaty Circle
6,423
$2,995,000
$466
7 Cross Ridge Street
4,173
$1,615,000
$387
4 Summit Walk Trail
3,501
$890,000
$254
19 Flying Cloud Lane
12,445 $7,900,000
$635
2267 Buckingham Court
3,768
$732,500
$194
59 Glade Hollow Drive
4,888
$2,340,000
$479
2261 Trafalgar Court
4,856
$1,100,000
$227
99 Hawk Ridge Drive
13,490 $6,150,000
$456
174 Inveraray Court
5,661
$985,000
$174
44 Olive Ridge Drive
3,562
$1,285,000
$361
635 Cityview Ridge Drive
7,000
$4,750,000
$679
29 Promontory Ridge Drive
11,918 $5,600,000
$470
1721 Cypress Manor Drive
4,347
$1,075,000
$247
25 Soaring Bird Court
9,093
$4,375,000
$481
629 Dragon Peak Drive
8,600
$4,600,000
$535
10725 Beringer Drive
3,888
$1,425,000
$367
661 Dragon Peak Drive
5,231
$3,975,000
$760
1200 Dry Point Court
3,675
$975,000
$265
1340 Enchanted River Drive
5,555
$1,700,000
$306
1621 Saintsbury Drive
3,888
$1,250,000
$322
1414 Foothills Village Drive
3,999
$1,299,900
$325
2990 Hammerwood Drive
4,572
$1,445,000
$316
1648 Liege Drive
7,101
$1,800,000
$253
10715 Hobbiton Avenue
3,792
$884,000
$233
1206 Macdonald Ranch Drive
9,051
$3,380,000
$373
2974 Kedleston Street
3,598
$1,050,000
$292
1499 Macdonald Ranch Drive
10,723 $3,000,000
$280
618 St. Croix Street
6,782
$4,325,000
$638
411 Stone Lair Court
5,037
$1,109,900
$220
Roma Hills
1768 Amarone Way
6,357
$1,625,000
$256
Seven Hills Terracina/ Venezia
1355 Opal Valley Street
5,251
$1,420,000
$270
2878 Quartz Canyon Drive
5,919
$3,600,000
$608
1380 Ruby Sky Court
3,336
$1,750,000
$525
Red Rock Country Club
Reverence
The Ridges
The Vineyards
Willow Creek
No closed sales for the month of March in Mountain Trails, Tournament Hills, Ten Oaks, Hillsboro Heights, and Seven Hills - Rapallo
LAS VEGAS
Queensridge
Regency at the Lakes
Southern Highlands
Spanish Hills
Spanish Trail
Tuscan Cliff s
Anthem Country Club
The Fountains
HENDERSON
SUMMERLIN
Country Rose Estates
SF
10013 Alegria Drive
Legacy Estates
MacDonald Highlands
HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - MARCH PRICE RANGE
FOR SALE
UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
$500K-$749K
21
51
38
2
2.3
$750K-$999K
18
48
20
1
2.8
$1M-$1.49M
36
46
40
4
2.6
$1.5M-$1.99M
19
26
29
2
1.8
$2M-$2.49M
13
16
9
0
3.2
$2.5M-$2.99M
12
8
3
1
5.7
$3M-$3.99M
22
13
7
0
7.8
$4M+
50
19
10
1
8.6
*ABS(orption) rate is the length of time (in months) that it takes to sell current inventory. This is calculated by adding homes FOR SALE and homes UNDER CONTRACT and dividing the total by the average number of monthly sales for the last 2 months. Source: Multiple Listing Service (MLS), 03/31/21. We add pending and contingent sales to the active listings; otherwise, they'd be counted twice as sales or might even fall out of escrow.
MARKET TRENDS | MARCH
MAR '21
CLOSED SALES
MONTHLY & YEARLY
03/31/21
UNDER CONTRACT
03/31/21
ACTIVE LISTINGS
156 227 418
Over FEB '21
+32%
+3.2%
+5%
Over MAR '20
+100%
+194.8%
-28.1%
FEB '21
118
220
398
MAR '20
78
77
581
#800CanyonGreens
800 CANYON GREENS DRIVE CANYON FAIRWAYS | $3,500,000
7,320 Square Feet | 4 Bedrooms | 5 Bathrooms | Custom Two-Story The ultimate lifestyle awaits at this opulent estate in the prestigious Summerlin enclave of Canyon Fairways. Perched on a private parcel of land overlooking the 6th fairway of Tournament Players Club Las Vegas, this estate was custom crafted to leave a lasting impression—and recently renovated with new light fixtures, upgraded hardware, fresh paint, and more. The grand entry is adorned with a domed ceiling, high arched windows, an imperial staircase, artistic wrought iron, and Ionic columns. Beyond this impressive foyer, an abundance of French doors creates a sublime indoor/outdoor living experience.
PENDING
#2817TurtleHeadPeak
2817 TURTLE HEAD PEAK DRIVE RED ROCK COUNTRY CLUB | $2,100,000
4,683 Square Feet | 5 Bedrooms | 5 Bathrooms | Two-Story Located behind the West guard gates of Red Rock Country Club, this two-story home boasts day-andnight mountain views, frontage on the 16th hole of the Arroyo golf course, and over $300,000 in upgrades. Wrapped around a central courtyard, with multiple balconies and patios, this beach-inspired home has been optimized for indoor/outdoor living. For example, the former living room with double-height ceilings has been completely remodeled to create two highly functional spaces: a main-level, surround-sound theater with eight reclining chairs and an upper-level bonus room attached to the owner’s suite, designed to take full advantage of the view.
#9141TesorasUnit201
9141 TESORAS DRIVE, UNIT 201 MIRA VILLA | $835,000
2,497 Square Feet | 2 Bedrooms | 3 Bathrooms | Two-Car Garage Enjoy an exceptional lifestyle at this second-story condominium in Mira Villa, an upscale mid-rise community in the heart of The Canyons, a Summerlin Village. Highlights include four balconies, open plan common spaces, and a pair of suites with full amenities. The community itself features a clubhouse with lounge areas and a kitchen, a state-of-the-art fitness center, five spas, a resort-style lagoon pool, cabanas, and three shaded barbecue pavilions. Multiple dining and retail shopping options are right around the corner from Mira Villa at Boca Park and Tivoli Village.
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 B.143770
SOLD $2,850,000
SOLD $2,340,000
2800 HIGH SAIL COURT
59 GLADE HOLLOW DRIVE
THE LAKES
THE RIDGES
SOLD $2,250,000
SOLD $1,700,000
1772 AMARONE WAY
9012 BALD EAGLE DRIVE
ROMA HILLS
EAGLE HILLS
SOLD $1,625,000
SOLD $1,399,000
1768 AMARONE WAY
2004 GLENVIEW DRIVE
ROMA HILLS
robjensenco
COUNTRY CLUB HILLS
robjensen.com
702.605.7480