ROB'S REPORT
SUMMERLIN, L AS VEGAS, & HENDERSON J U LY 2 0 2 1
#9736Verlaine
9736 VERLAINE COURT QUEENSRIDGE | $1,595,000
4,879 Square Feet | 4 Bedrooms | 5 Bathrooms
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This is your opportunity to own a two-story home in the guard gated community of Queensridge North. Park your cars behind the remote-controlled driveway gate, and enter your private retreat. From travertine halls to comfortably carpeted living spaces, this traditional floor plan contains a wealth of generous rooms—a living room and dining room with double-height ceilings, an expansive family room, and a beautifully appointed kitchen in the heart of it all. Residents of Queensridge are only minutes away from exceptional shopping, dining, and entertainment at Tivoli Village, Boca Park, and Downtown Summerlin.
900 PONT CHARTRAIN DRIVE | QUEENSRIDGE
Dear Friends, As we enter the third quarter of 2021, the luxury real estate market continues to thrive. In Q2, there were 485 sales for properties over $1M. Compare this number to the 112 sales in Q2 of 2020 (when Covid-19 lockdowns were just beginning) and the 171 sales in Q2 of 2019 (a great year for real estate). Closed sales were up 280% over Q2 of 2019! Looking at the guard gated real estate market as a whole, June saw total inventory down 40.9% and closed sales up 65% year over year. The number of sales pending at the end of June was down just 5.1% from 176 in May to 167 in June. As many have learned by now, it’s a fantastic time to take advantage of this seller’s market. However, as strong as the market is, I still see mistakes being made. Mistake #1: Sellers are putting properties up for sale with uncooperative, messy tenants. It can be nice to sell while someone is covering your mortgage, and it prevents downtime. However, most tenants have no incentive to cooperate with a busy showing schedule and keep the home “show ready” at all times. If you must sell with your tenant in place, try to work out an incentive to help them help you. If you can afford to have them vacate the home first, that’s even better. Mistake #2: Agents are cutting corners on marketing. When the market is hot, many sellers and agents don’t think marketing matters, but that’s not the case. Exposing your home to the highest number of qualified buyers will always be the best way to get you the highest sales price in the shortest amount of time. This is why we continue to invest more in our marketing every year. Take a look at our Matterport feature in this newsletter to better understand 3D virtual tours—something every listing should have to help out-of-state buyers but that most listings don’t. Mistake #3: Sellers are skipping even the bare minimum of staging and repairs. Yes, it’s true; in this market, you can probably get away with doing little to nothing, but the condition of a property will always affect its final sales price. If netting the highest amount of money is important to you, then having your home show its best is a smart investment. Give us a call, and we’ll help you take full advantage of today’s market conditions. Sincerely, Rob Jensen Broker / President 702.605.7480 B.143770
FOR THE MONTH OF| APRIL 2017 SOLD PROPERTIES GUARD GATED FOR THE MONTH OF JUNE 2021
Country Club Hills Country Rose Estates Eagle Hills Eagle Rock
SUMMERLIN
The Palisades
Red Rock Country Club
Reverence
The Ridges
The Vineyards Willow Creek
Canyon Gate
LAS VEGAS
One Queensridge Place
Queensridge
Southern Highlands
ADDRESS
PRICE
P/SF
4,034
$975,000
$242
8825 Rozetta Court
4,034
$929,000
$230
2048 Glenview Drive
4,140
$1,700,000
$411
8900 Tavistock Court
4,547
$1,500,000
$330
1812 Wincanton Drive
4,588
$1,649,000
$359
2012 Spring Rose Street
2,934
$465,000
$158
9201 White Tail Drive
5,057
$1,250,000
$247
453 Pinnacle Heights Lane
4,108
$1,450,000
$353
504 Pinnacle Heights Lane
3,556
$1,050,000
$295
713 Proud Eagle Lane
3,763
$1,100,000
$292
404 North Royal Ascot Drive
6,179
$1,600,000
$259
2075 Alcova Ridge Drive
5,037
$2,525,000
$501
2904 Dove Run Creek Drive
3,455
$1,110,000
$321
3143 Elk Clover Street
4,287
$1,400,000
$327
11575 Evergreen Creek Lane
5,268
$2,000,000
$380
11494 Glowing Sunset Lane
2,712
$1,125,000
$415
11675 Glowing Sunset Lane
4,410
$1,900,000
$431
11344 Golden Chestnut Place
3,496
$1,200,000
$343
11309 La Madre Ridge Drive
3,460
$1,005,000
$290
11606 Morning Grove Drive
5,555
$2,900,000
$522
2506 Peaceful Prairie Court
2,508
$850,000
$339
3296 Rabbit Brush Court
2,243
$770,000
$343
3289 Saddle Soap Court
2,291
$850,000
$371
11562 Snow Creek Avenue
3,455
$1,425,000
$412
10890 Red Yucca Drive
2,214
$825,000
$373
3131 Reverence Heights Lane
3,902
$1,675,000
$429
19 Garden Rain Drive
3,776
$1,950,000
$516
26 Garden Rain Drive
3,562
$1,999,000
$561
23 Meadowhawk Lane
7,453
$5,585,000
$749
17 Moonfire Drive
4,172
$1,870,000
$448
62 Pristine Glen Street
4,172
$1,800,000
$431
81 Pristine Glen Street
3,562
$1,875,000
$526
1204 Muscato Court
3,888
$1,345,000
$346
1621 Saintsbury Drive
3,888
$1,290,000
$332
2720 Desert Troon Street
3,740
$1,500,000
$401
10751 Portchester Court
4,308
$1,350,000
$313
8913 Canyon Springs Drive (SS)
5,056
$1,025,448
$203
8748 Double Eagle Drive
4,000
$925,000
$231
2020 Gray Eagle Way
3,954
$1,400,000
$354
9029 Robinson Ridge Drive
3,029
$950,000
$314
9101 Alta Drive, #207
2,271
$727,500
$320
9101 Alta Drive, #302
3,856
$2,317,000
$601
9103 Alta Drive, #905
3,355
$1,468,000
$438
9103 Alta Drive, #1007
2,271
$785,000
$346
9103 Alta Drive, #1202
3,856
$2,300,000
$596
9633 Camden Hills Avenue
3,681
$800,000
$217
9724 Foxtrap Avenue
3,417
$688,888
$202
1000 Greystoke Acres Street
2,950
$824,900
$280
300 Prince Charming Court
4,190
$1,010,000
$241
300 Queens Gate Court
4,468
$1,600,000
$358
25 Carolina Cherry Drive
3,904
$1,050,000
$269
26 Carolina Cherry Drive
3,904
$1,249,000
$320
30 Olympia Outlook Drive
6,103
$2,800,000
$459
45 Olympia Ridge Drive
6,103
$2,900,000
$475
3356 Saddlebrook Street
3,220
$1,349,000
$419
COMMUNITY
LAS VEGAS
Corta Bella
SF
8809 Cortile Drive
Spanish Trail
Tuscan Cliff s
Anthem Country Club
HENDERSON
COMMUNITY
Ascaya The Fountains
Hillsboro Heights
ADDRESS
SF
PRICE
P/SF
10 Burning Tree Court
4,545
$1,275,000
$281
47 Cascade Creek Lane
5,955
$1,550,000
$260
55 Gulf Stream Court
5,783
$1,238,000
$214
78 Innisbrook Avenue
6,945
$2,600,000
$374
61 Princeville Lane
9,277
$3,000,000
$323
8253 Turtle Creek Circle
3,507
$680,500
$194
11278 San Arezzo Place
4,487
$1,325,000
$295
4095 Villa Rafael Drive
5,614
$1,400,000
$249
14 Belfair Court
3,571
$1,300,000
$364
2 Brays Island Drive
3,057
$950,000
$311
17 Brays Island Drive
3,136
$949,000
$303
60 Colleton River Drive
2,783
$907,000
$326
43 Desert Highlands Drive
3,592
$1,460,000
$406
18 Emerald Dunes Circle
1,613
$651,000
$404
6 Fallows Fire Court
1,833
$789,000
$430
9 Fountainhead Circle
1,393
$499,000
$358
35 Gladewater Drive
1,905
$670,000
$352
17 Hammock Dunes Court
1,940
$643,000
$331
22 Highland Creek Drive
6,837
$4,360,000
$638
11 Kennesaw Road
2,076
$680,000
$328
12 Moraine Drive
2,678
$802,000
$299
3 Sankaty Circle
6,892
$4,200,000
$609
46 Stonemark Drive
3,848
$1,340,000
$348
18 Weston Hills Road
1,905
$800,000
$420
22 Weston Hills Road
2,076
$635,000
$306
12 Winding Road
3,449
$1,210,000
$351
17 Yorkridge Court
9,469
$5,200,000
$549
8 Rockmount Court
12,101 $14,690,000 $1,214
2331 Prometheus Court
5,288
$1,300,000
$246
2268 Trafalgar Court
3,958
$1,200,000
$303
2210 Versailles Court
4,198
$1,175,000
$280
193 Courtney Ann Drive
5,496
$1,050,000
$191
1883 Fairfield Terrace
3,934
$670,000
$170
177 Knollwood Court
3,208
$800,000
$249
134 Augusta Street
4,528
$1,200,000
$265
1733 Choice Hills Drive
4,427
$1,275,000
$288
1740 Choice Hills Drive
3,224
$1,055,000
$327
685 Dragon Peak Drive
15,000 $25,000,000 $1,667
1447 Foothills Village Drive
2,792
$1,050,000
$376
1485 Foothills Village Drive
9,508
$6,400,000
$673
1668 Liege Drive
7,281
$1,575,000
$216
505 Regents Gate Drive
8,259
$3,450,000
$418
1675 Tangiers Drive
5,089
$2,150,000
$422
482 Toucan Ridge Court
6,605
$4,000,000
$606
Seven Hills Rapallo
1277 Imperia Drive
5,880
$2,600,000
$442
Seven Hills - Terracina/ Venezia
1610 Villa Rica Drive
7,223
$4,000,000
$554
Legacy Estates
MacDonald Highlands
No closed sales for the month of June in Aventura, Bellacere, Canyon Fairways, Mountain Trails, The Summit, Tournament Hills, Regency at the Lakes, Spanish Hills, Ten Oaks, Roma Hills
HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - JUNE PRICE RANGE
FOR SALE
UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
$500K-$749K
20
18
27
4
1.5
$750K-$999K
24
41
28
1
2.3
$1M-$1.49M
25
37
40
4
1.5
$1.5M-$1.99M
26
20
18
4
2.9
$2M-$2.49M
19
12
3
1
3.1
$2.5M-$2.99M
13
6
7
0
2.5
$3M-$3.99M
26
13
2
0
9.8
$4M+
55
20
10
0
8.3
*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), 06/30/21. 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 | JUNE
JUN '21
CLOSED SALES
MONTHLY & YEARLY
06/30/21
UNDER CONTRACT
06/30/21
ACTIVE LISTINGS
135 167 375
Over MAY '21
-8%
-5.1%
Over JUN '20
+65%
+18.4%
0% -40.9%
MAY '21
147
176
375
JUN '20
82
141
635
#12108VistaLinda
12108 VISTA LINDA AVENUE THE PASEOS | $1,150,000
3,387 Square Feet | 4 Bedrooms | 4 Bathrooms
Scan me to watch the 3 minute property video
From the slopes of Summerlin’s Paseos village, discover an elevated lifestyle at this two-story Toll Brothers home in Las Lomas, a gated community adjacent to Paseos Park. To provide lush, low-maintenance living, major landscaping improvements have been made to the property. Recent upgrades include new pavers on the driveway, walkway, and courtyard, a custom outdoor kitchen, and a pool and spa refinished with Radiant Fusion pebble. Built in a prime location—minutes from Red Rock Canyon, Downtown Summerlin, Red Rock Casino Resort & Spa, and some of the most desirable schools in the valley—this community provides a perfect balance between city living and natural beauty.
3D SHOWCASE |
DIGITAL OPEN HOUSE
3D Showcase is your 24/7 open house on robjensen.com. Because these digital spaces are made from real-world 2D and 3D data, the 3D Showcase becomes a powerful tool to give prospective buyers an accurate sense of your property—before they ever step through the door. Once the model of your home is processed, we upload the tour to RobJensen.com, the MLS, and Zillow. We also advertise it on printed marketing materials using a QR code.
DOLLHOUSE VIEW •
Get a feel for the whole home and layout by maneuvering around this interactive 3D model.
Using your phone, scan the QR code to take the interactive 3D tour.
*While the 3D Showcase looks great on your phone, most buyers will see it on a laptop or desktop during their online home search. That’s where digital open houses really shine.
Featured Property: 3093 Red Arrow Drive | Red Rock Country Club
INSIDE VIEW •
Navigate through the high-quality, interactive 3D tour to view every room in the house.
•
See kitchen appliances, bathroom finishes, light fixtures, and more.
•
Take a look at stunning views from balconies and other surrounding areas of the home, such as the backyard and entryway.
•
Use "Measurement Mode" to measure walls, doors, and even furniture.
FLOORPLAN VIEW •
Easily identify each room in the home with clear and defined labels.
•
Select any floor for quick overviews.
•
Click on any labeled room to instantly view from the "Inside View. "
TEAM SPOTLIGHT!
Monica Nalbantoglu
DIRECTOR OF SALES | REALTOR® Monica is a seven-year veteran Realtor in Las Vegas and currently the Director of Sales for the Rob Jensen Company. Over the years, Monica has honed her skills working with both buyers and sellers. She now works alongside Broker/Owner Rob Jensen to meet with prospective clients, prepare CMAs, and present our unique brokerage model that ultimately puts our clients first. Communicating almost daily with our sellers and buyers, Monica ensures that our clients’ homes close as smoothly as possible. Whether it’s an initial meeting with a prospective seller, negotiation of an offer, or a day of showings with one of our buyers, Monica knows the ins and outs of both the seller’s and buyer’s markets. In addition to working closely with Rob and our clients, Monica trains and oversees our sales team, ensuring that someone will always be available and knowledgeable when it comes to showing your home. She is confident in her approach to listing and selling properties and is a skilled negotiator. In her rare spare time, Monica enjoys international travel, reading, cooking, and especially spending time with her daughter. “Nothing is better than seeing the joy on my client’s face when I hand them the keys to the home I introduced them to and that they fell in love with.”
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 B.143770
SOLD $1,400,000 2620 GRASSY SPRING PLACE RED ROCK COUNTRY CLUB
SOLD $850,000 587 LAIRMONT PLACE MACDONALD HIGHLANDS
robjensenco
robjensen.com
702.605.7480