ROB'S REPORT
SUMMERLIN, L AS VEGAS, & HENDERSON M AY 2 0 2 1
#11271WinterCottage
11271 WINTER COTTAGE PLACE RED ROCK COUNTRY CLUB | $1,800,000
4,443 Square Feet | 5 Bedrooms | 6 Bathrooms | Two-Story Perfect for families that enjoy indoor/outdoor living, this peaceful and secure two-story home is located in the beautiful guard gated community of Red Rock Country Club, overlooking the 10th fairway of the public Arroyo Golf Course. Improved at the cost of over $300,000, this property boasts unique upgrades—including a chef’s outdoor kitchen, new landscaping with modern pavers and turf, and a recently resurfaced pool and spa. Whether you’re preparing a drink at the family room bar, feasting in the formal dining room, or entertaining in the formal living room with 20’ ceilings, golf course and mountain views are never far away.
46 MOONFIRE DRIVE | THE RIDGES
Dear Friends, The secret is out: Las Vegas is a great place to live. Demand is high, inventory is low, prices are rising, and the market will likely remain hot for quite some time. During the last real estate bubble, wild speculation was rampant in Las Vegas. It wasn’t uncommon for buyers to purchase five homes with no money down. When the market started to crash, these buyers would hand four properties back to the bank and live in the fifth, causing a flood of distressed inventory that crashed pricing. In today’s market, we see more people buying homes to live in. These buyers—many of them from out of state—are financially strong; they often pay cash or finance with large down payments. Yes, there are still those who bite off more than they can chew, but for the most part, today’s heightened demand is fueled by real growth. When it comes to selling, many real estate agents see high demand as a reason to get lazy. In a rush to get to market, they post listings without professional photos, 3D tours, floor plans, or property descriptions featuring upgrades and neighborhood amenities. FaceTime walkthroughs are no replacement for these resources, and skipping out on them is a huge disservice to sellers. When high-quality images and helpful information are provided, out-of-town buyers are much more comfortable making an offer without touring the home in person. This is what drives demand and raises the final sales price. At the Rob Jensen Company, we consistently invest in marketing for our sellers—no matter what the market looks like. From highly targeted online advertising to national print campaigns, we do everything in our power to market luxury properties to the highest number of qualified buyers. This is the recipe for getting the highest sales price in the fastest time possible—especially in today’s strong seller’s market. If you’d like to take advantage of these favorable selling conditions, let’s talk today. Sincerely, Rob Jensen Broker / President 702.605.7480 B.143770
SOLD PROPERTIES | GUARD GATED FOR THE MONTH OF APRIL 2021
Bellacere Corta Bella
Country Club Hills Country Rose Estates Eagle Hills Eagle Rock Mountain Trails
SUMMERLIN
The Palisades
SF
PRICE
P/SF
10000 Alegria Drive
ADDRESS
3,023
$750,000
$248
P/SF
$2,400,000
$271
8848 Rainbow Ridge Drive
2,747
$675,000
$246
8609 Robinson Ridge Drive
2,502
$650,000
$260
$2,300,000
$273
2,346
$679,000
$289
1836 Dolce Drive
3,946
$785,000
$199
2313 Timberline Way
2,747
$786,500
$286
1641 Enclave Court
14,132 $11,300,000
$800
9621 Camden Hills Avenue
3,681
$832,000
$226
1701 Enclave Court
13,349 $9,600,000
$719
9716 Gavin Stone Avenue
3,061
$670,000
$219
1809 Glenview Drive
4,629
$1,275,000
$275
9825 Miss Peach Avenue
2,087
$549,900
$263
2048 Glenview Drive
4,140
$1,600,000
$386
9631 Orient Express Court
7,612
$3,300,888
$434
805 Petit Chalet Court
4,777
$1,500,000
$314
87 Grand Masters Drive
4,628
$1,365,000
$295
11775 Woodbrook Court
2,742
$915,000
$334
4950 Mountain Creek Drive
4,047
$875,000
$216
5098 Mountain Top Circle
6,552
$2,175,000
$332
57 Gulf Stream Court
5,169
$935,000
$181
20 Princeville Lane
3,447
$710,000
$206
21 Princeville Lane
6,954
$930,000
$134
35 Princeville Lane
6,823
$1,530,000
$224
87 Princeville Lane
4,904
$1,100,000
$224
8407 Turtle Creek Circle
4,134
$982,000
$238
7421 Doe Avenue
3,439
$745,000
$217
11318 San Arezzo Place
3,643
$1,055,000
$290
4046 Villa Rafael Drive
4,240
$1,060,000
$250
14 Brandermill Drive
3,537
$1,210,000
$342
22 Caprington Road
2,076
$602,000
$290
3 Dry Brook Trail
4,793
$1,540,000
$321
23 Dry Brook Trail
4,511
$1,400,000
$310
97 Emerald Dunes Circle
2,162
$650,000
$301
10 Fountainhead Circle
1,833
$725,000
$396
17 Glade Water Drive
1,905
$565,000
$297
21 Highland Creek Drive
9,355
$2,000,000
$214
2 Hunt Valley Trail
1,905
$660,000
$346
5 Karsten Creek Court
3,588
$1,220,000
$340
10 Moraine Drive
1,942
$625,500
$322
35 Moraine Drive
3,449
$897,000
$260
4 Moss Spring Court
7,478
$3,250,000
$435
9 Mountain Cove Court
8,416
$3,350,000
$398
4 Perry Park Court
3,677
$1,100,000
$299
18 Sankaty Circle
7,788
$4,650,000
$597
11 Stonemark Drive
3,848
$950,000
$247
25 Wade Hampton Trail
5,092
$1,140,000
$224
2254 Buckingham Court
3,895
$950,000
$244
2346 Dolphin Court
4,974
$1,400,000
$281
2309 Prometheus Court
5,787
$1,000,000
$173
2361 Villandry Court
6,345
$1,600,000
$252
631 Cityview Ridge Drive
7,500
$4,950,000
$660
657 Dragon Peak Drive
6,075
$4,300,000
$708
1639 Liege Drive
3,892
$1,500,000
$385
1343 Quiet River Avenue
5,037
$1,515,000
$301
587 Saint Croix Street
14,180 $6,488,800
$458
1699 Tangiers Drive
7,278
$2,350,000
$323
1733 Tangiers Drive
5,367
$2,397,777
$447
1508 View Field Court
7,603
$4,400,000
$579
1772 Amarone Way
7,177
$2,250,000
$314
786 Bolle Way
6,542
$1,945,000
$297
1793 Valenzano Way
4,337
$1,220,000
$281
2648 Mirabella Street
9,072
$2,050,000
$226
2670 Mirabella Street
7,012
$1,900,000
$271
2024 Spring Rose Street
3,231
$575,000
$178
9012 Bald Eagle Drive
3,972
$1,700,000
$428
9109 Eagle Hills Drive
7,703
$2,200,000
$286
2109 Redbird Drive
4,344
$1,690,000
$389
448 Pinnacle Heights Lane
2,976
$899,000
$302
9901 Glenrock Drive
6,729
$1,820,000
2834 Evening Rock Street
2,160
$952,000
$441
11600 Evergreen Creek Lane
4,121
$1,680,000
$408
11720 Evergreen Creek Lane
4,859
$1,999,950
$412
11563 Glowing Sunset Lane
2,712
$1,355,000
$500
11594 Glowing Sunset Lane
4,410
$1,665,000
$378
11305 Golden Chestnut Place
4,899
$2,125,000
$434
2496 Grassy Spring Place
2,712
$960,000
$354
1979 Orchard Mist Street
4,251
$1,390,000
$327
11376 Sandstone Ridge Drive
3,455
$970,000
$281
2814 Soft Horizon Way
2,712
$1,099,000
$405
2942 Soft Horizon Way
2,160
$750,000
$347
2927 Turtle Head Peak Drive
4,423
$1,350,000
$305
3013 Dusky Willow Lane
2,542
$950,000
$374
3021 Full Lotus Drive
2,123
$774,900
$365
11181 Luna Blanca Drive
3,949
$1,560,000
$395
15 Hawk Ridge Drive
10,194 $6,800,000
$667
18 Misty Peaks Court
9,028
$4,150,000
$460
50 Morning Glow Lane
6,277
$4,700,000
$749
41 Owl Ridge Court
4,618
$2,750,000
$595
21 Painted Feather Way
5,793
$4,000,000
$690
58 Pristine Glen Street
4,172
$1,799,000
$431
26 Promontory Ridge Drive
12,213 $5,000,000
$409
9 Soaring Bird Court
8,382
$3,000,000
$358
8 Sun Glow Lane
7,167
$5,335,000
$744
15 Wild Ridge Court
9,913
$3,800,000
$383
Tournament Hills
1109 Pine Island Court
7,757
$2,725,000
$351
1109 Trophy Hills Drive
9,188
$2,375,000
$258
The Vineyards
1401 Saintsbury Drive
3,430
$1,250,000
$364
10691 Capesthorne Way
4,016
$1,150,000
$286
2962 Hammerwood Drive
4,311
$1,150,000
$267
10634 Penhurst Way
4,016
$870,000
$217
10983 Tranquil Waters Court
3,183
$1,200,000
$377
3071 Wandering River Court
4,134
$1,610,000
$389
10866 Willow Heights Drive
4,780
$1,643,000
$344
No closed sales for the month of April in Canyon Fairways, Regency at the Lakes, Hillsboro Heights, Legacy Estates, and Seven HIlls - Rapallo
Canyon Gate
Queensridge
Southern Highlands Spanish Hills
$270 $231
Willow Creek
PRICE
8,850
8,418
$1,470,000
The Ridges
ADDRESS
10208 Summit Canyon Drive
6,370
Reverence
SF
8900 Canyon Springs Drive
8800 Bonta Court
205 Surtees Point Street (REO)
Red Rock Country Club
COMMUNITY
LAS VEGAS
Aventura
Spanish Trail
Ten Oaks Tuscan Cliff s
Anthem Country Club
HENDERSON
COMMUNITY
The Fountains
MacDonald Highlands
Roma Hills Seven Hills - Terracina/ Venezia
HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - APRIL PRICE RANGE
FOR SALE
UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
$500K-$749K
22
32
41
2
1.4
$750K-$999K
24
44
41
3
2.2
$1M-$1.49M
35
55
27
3
2.7
$1.5M-$1.99M
27
22
21
2
2
$2M-$2.49M
18
13
14
1
2.7
$2.5M-$2.99M
12
11
2
1
9.2
$3M-$3.99M
14
15
5
0
4.8
$4M+
54
17
14
1
5.9
*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), 04/30/21. 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 | APRIL
APR '21
CLOSED SALES
MONTHLY & YEARLY
04/30/21
UNDER CONTRACT
04/30/21
ACTIVE LISTINGS
165 209 415
Over MAR '21
+6%
-7.9%
-0.7%
Over APR '20
+416%
+161.3%
-30.9%
MAR '21
156
227
418
APR '20
32
80
601
#2620GrassySpring
2620 GRASSY SPRING PLACE RED ROCK COUNTRY CLUB | $1,450,000
3,601 Square Feet | 4 Bedrooms | 5 Bathrooms | Two-Story Securely located behind the West guard gates of Red Rock Country Club—between the nearby mountains and the 17th fairway of the Arroyo golf course—this two-story home provides the foundation for an incredible lifestyle. Beyond the lush front garden and serene courtyard, discover a gorgeous interior with travertine flooring, brand new carpet, and quartz countertops. No matter where you are on the main level, a door to the courtyard or backyard is always nearby, so you can fully enjoy the peace and quiet of this neighborhood.
#9900AspenKnoll
9900 ASPEN KNOLL COURT REGENCY AT THE LAKES | $849,000
3,274 Square Feet | 3 Bedrooms | 4 Bathrooms | Single-Story Built on a .33-acre corner lot in the guard gated community of Regency at The Lakes, this single-story home with vaulted ceilings was designed for families who love to entertain. Beyond the front office and formal living/dining room, enter the great room—a generous space anchored by a gas and wood-burning fireplace finished in Palos Verdes stone. Multiple exits open to the expansive rear yard, where you can relax on the covered patio, unwind in the spa, or take a dip in the 30’x15’ swimming pool beneath mature palm trees.
TEAM SPOTLIGHT!
#2984SunLake
Mindy Walker SHOWING ASSISTANT | REALTOR® Once your home is listed on the Multiple Listing Service (MLS), our marketing is guaranteed to get the phone ringing. At that point, it’s time to start scheduling showings. Getting qualified buyers to see your home in person is the best way to sell it for top dollar. However, even the best agents can’t be everywhere at once. At the Rob Jensen Company, our non-traditional business model utilizes a team of licensed, salaried Realtors that help with all of our showings—including Mindy Walker, our Showing Assistant. With her support, we’re able to maximize your home’s exposure by accommodating more showing requests than an individual agent or your typical real estate team—whether each showing is scheduled in advance or requested at the last minute. Mindy’s work begins long before buyers start reaching out to see your property. From the moment you choose to list with us, her focus is to understand everything that makes your home special—including unique features, upgrades, and community amenities—so she can share this information with potential buyers. This ensures that your property is unforgettable and empowers buyers to make informed decisions. To make showings as convenient as possible, Mindy confirms appointments ahead of time, shows up early to make sure everything looks great, and sticks around afterward to hit the lights, lock up, and notify you that it’s okay to come home. A licensed Realtor and veteran of the hospitality service industry, Mindy shines in her face-to-face interactions with potential buyers. Dependable, patient, and driven, she brings an outstanding level of professionalism and an unmatched concierge attitude to the team. As a lifelong visitor and recent resident of Las Vegas, Mindy loves having access to such a great variety of world-class dining experiences. Between showings, you’ll likely find her trying new restaurants with her fiancé, spending time with her family, or cheering on the Golden Knight’s at T-Mobile Arena—Go Knights Go! Mindy doesn’t wish California would fall into the ocean, but she does wish Las Vegas had a tropical beach. Until that happens, she’ll settle for trips to Kauai and Maui.
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 B.143770
SOLD $5,335,000 8 SUN GLOW LANE THE RIDGES
SOLD $2,375,000
SOLD $2,070,000
1109 TROPHY HILLS DRIVE
2817 TURTLE HEAD PEAK DRIVE
SOLD $2,000,000
SOLD $999,000
11 GREELY CLUB TRAIL
2984 SUN LAKE DRIVE
TOURNAMENT HILLS
ANTHEM COUNTRY CLUB
robjensenco
RED ROCK COUNTRY CLUB
DESERT SHORES
robjensen.com
702.605.7480