ROB'S REPORT
SUMMERLIN, L AS VEGAS, & HENDERSON DECEMBER 2020
3121 INDIGO MACAW LANE
#3121IndigoMacaw
REVERENCE | $1,450,000
3,451 Square Feet | 3 Bedrooms | 3 Bathrooms | Single-Story A rare sense of peace awaits at this brand new single-story estate in Reverence, an esteemed guard gated Summerlin community developed exclusively by Pulte Homes. Built on a .29-acre lot in The Point—a Reverence neighborhood composed of all single-story, ranch-style homes—this property enjoys breathtaking views of the nearby mountains. Highlights include an expansive great room with 12’ ceilings and 14’ wide corner sliders that open to the covered terrace, a generous backyard with a pool, and a lavish owner’s suite.
51 DRIFTING SHADOW WAY | THE RIDGES
Dear Friends, There I was, white-knuckled and holding my breath, driving 130 MPH into a tight corner, right on the tail of the car in front of me. Without foot brakes—because apparently NASCAR drivers only care about speeding up, not slowing down—I definitely felt a new level of fear going into that corner. I’m no NASCAR aficionado, but the Richard Petty Driving Experience reinforced a lesson I’ve learned many times: Professionals make things look easy. When you’re watching from the stands as one car effortlessly tailgates another at max speed, it’s easy to forget that there’s a trained driver behind the steering wheel. They might make it look simple, maybe even boring, but it’s not. Drivers crash all the time, sometimes fatally. Fortunately, real estate isn’t life or death, but making the wrong decision can still hit your bank account hard. Consider this: Even with this year’s spectacular luxury real estate market, which boasted 937 guard gated single-family home sales from January through November, 235 homes did not sell. These listings expired. For every four homes that sold, one did not. In a market this hot, it’s common for sellers to think that “any agent will do.” They may even believe that staging the home, shooting a video, and having glossy brochures is a waste of time and money—that selling a home is easy. However, the 20% failure rate proves otherwise. Even in the most robust luxury market Las Vegas has seen, you still need a professional to get the best results. To avoid conflict, many agents take on a listing without mentioning what must be done to prepare the home for sale. The result is a lower sales price, or worse, an expired listing. At the Rob Jensen Company, we’ll always tell you what it will take to get your home sold for the best price in the shortest amount of time. You don’t have to sacrifice price for speed; in fact, record-setting prices often coincide with quick sales. Pending sales for November were up 103% over November 2019, which makes this the strongest holiday season we’ve seen. Closings were up just a hair over October, and inventory continues to decline—down 7.6% over October and November 2019. If you’d like to take advantage of these favorable conditions to sell your home, and perhaps buy a new one with record-low rates, put our expertise to work for you. By consistently creating outstanding results for our clients, we make the difficult look easy. Sincerely, Rob Jensen Broker / President 702.605.7480 B.0143770.LLC
| | NOVEMBER 2020 SOLD PROPERTIES GATED FOR THE GUARD MONTH OF APRIL 2017 ADDRESS
SF
PRICE
P/SF
ADDRESS
10224 Stony Ridge Drive
5,137
$1,550,000
$302
Canyon Fairways
PRICE
P/SF
2220 Glenbrook Way
5,469
$1,200,000
$219
8612 Kiel Ridge Circle
3,816
$736,000
$193
9501 Balatta Canyon Court
6,459
$2,795,000
$433
8812 Rainbow Ridge Drive
2,747
$685,000
$249
9325 Canyon Classic Drive
5,756
$1,525,000
$265
9012 Opus Drive
3,029
$750,000
$248
4,034
$915,000
$227
Corta Bella 1905 Corta Bella Drive
Queensridge
Country Club Hills 1832 Glenview Drive
4,320
$811,800
$188
Country Rose Estates 2204 Timber Rose Drive
3,573
$620,000
$174
Eagle Rock
304 Kingsclear Court
3,798
$930,000
$245
9824 Miss Peach Avenue
2,859
$525,000
$184
9321 Queen Charlotte Drive
4,053
$1,089,000
$269
812 Sir James Bridge Way
2,917
$565,000
$194
725 Sir James Bridge Way
2,737
$625,000
$228
1000 Star Lamb Street
2,400
$605,000
$252
4,472
$1,360,000
$304
5,047
$881,000
$175
4,078
$899,000
$220
9812 Winter Palace Drive
2,973
$650,000
$219
Regency at the Lakes
405 Grand Augusta Lane
6,413
$1,360,000
$212
200 Luxaire Court
6,214
$1,999,999
$322
Red Rock Country Club
LAS VEGAS
500 Pinnacle Heights Lane 500 Proud Eagle Lane The Palisades
9917 Fox Springs Drive Southern Highlands 11772 Canons Brook Drive
3,374
$1,089,000
$323
26 Carolina Cherry Drive
3,904
$1,090,000
$279
2301 Alcova Ridge Drive
2,837
$1,000,000
$352
3863 Glasgow Green Drive
5,114
$1,500,000
$293
11408 Cedar Log Court
4,063
$1,280,000
$315
46 Grand Masters Drive
4,628
$1,400,000
$303
2092 Country Cove Court
2,792
$837,500
$300
22 Greenside Drive
5,167
$2,310,000
$447
2854 Evening Rock Street
3,676
$850,000
$231
11836 Kingsbarns Court
3,165
$869,000
$275
11434 Glowing Sunset Lane
3,455
$1,099,000
$318
9 Park Meadow Court
6,875
$2,200,000
$320
11494 Glowing Sunset Lane
2,712
$925,000
$341
12077 Oakland Hills Drive
4,237
$1,575,000
$372
11692 Glowing Sunset Lane
3,579
$1,738,000
$486
48 Olympia Ridge Drive
5,074
$2,775,000
$547
2368 Green Mountain Court
4,121
$2,250,000
$546
12075 Whitehills Street
5,766
$1,425,000
$247
16,425
$7,300,000
$444
2,692
$625,000
$232
2438 Green Mountain Court
5,687
$1,975,000
$347
Spanish Hills
11219 La Madre Ridge Drive
3,529
$755,000
$214
5228 Spanish Heights Drive
11416 Morning Grove Drive
4,577
$1,295,000
$283
Spanish Trail
1939 Orchard Mist Street
4,107
$1,050,000
$256
8325 Turtle Creek Circle
2713 Red Arrow Drive
5,130
$1,675,000
$327
Ten Oaks
11386 Sandstone Ridge Drive
2,508
$830,000
$331
1501 Golden Oak Drive
4,922
$990,000
$201
11492 Snow Creek Avenue
3,455
$1,065,000
$308
1700 Silver Oaks Street (REO)
5,034
$656,775
$130
Anthem Country Club
11537 Snow Creek Avenue
2,508
$935,000
$373
2987 Soft Horizon Way
3,085
$975,000
$316
8 Canoa Hills Drive
3,216
$765,000
$238
3007 Soft Horizon Way
3,823
$1,415,000
$370
7 Chenal Pass
5,757
$1,850,000
$321
11471 Timber Mountain Avenue
3,489
$952,000
$273
11 Chenal Pass
5,756
$1,700,000
$295
2623 Turtle Head Peak Drive
3,147
$1,300,000
$413
14 Contra Costa Place
3,680
$950,000
$258
3 Corral De Tierra Place
6,371
$2,100,000
$330
10961 Red Yucca Drive
2,314
$710,000
$307
19 Desert Highlands Drive
3,772
$780,000
$207
3030 The Peaks Lane
4,087
$1,417,260
$347
Reverence
The Ridges
39 Emerald Dunes Circle
1,833
$550,000
$300
71 Fountainhead Circle
2,499
$690,000
$276
11 Boulder Rock Circle
4,384
$2,000,000
$456
108 Fountainhead Circle
1,942
$450,000
$232
35 Cranberry Cove Court
4,618
$1,940,000
$420
6 Haig Point Court
1,593
$427,900
$269
42 Crested Cloud Way
8,321
$6,000,000
$721
14 Holston Hills Road
3,253
$743,000
$228
14 Drifting Shadow Way
7,813
$2,740,000
$351
38 Sankaty Circle
7,502
$2,300,000
$307
7 Garden Rain Drive
4,172
$1,595,000
$382
85 Glade Hollow Drive
3,797
$2,250,000
$593
19 Golden Sunray Lane
6,789
$4,875,000
$718
27 Hawk Ridge Drive
8,860
$7,400,000
$835
HENDERSON
SUMMERLIN
SF
Canyon Gate
Bellacere
17 Stonemark Drive
3,848
$740,000
$192
16 Wade Hampton Trail
3,592
$1,300,000
$362
10 Weston Hills Road
2,076
$574,000
$276
12 Weston Hills Road
1,905
$525,000
$276
3,986
$730,000
$183
6,161
$1,050,000
$170
4 Lookout Ridge Drive
4,376
$1,885,000
$431
74 Meadowhawk Lane
7,623
$3,600,000
$472
1886 Hillsboro Drive
48 Olive Ridge Drive
3,776
$1,599,000
$423
Legacy Estates
Hillsboro Heights
94 Pristine Glen Street
4,410
$1,500,000
$340
2000 Doral Place
37 Promontory Ridge Drive
5,312
$3,375,000
$635
MacDonald Highlands
65 Tapadero Lane
4,013
$1,650,000
$411
The Vineyards 1201 Mersault Court
4,042
$990,000
$245
1729 Cypress Manor Drive
2,968
$799,900
$270
512 Dragon Gate Court
4,905
$3,350,000
$683
1392 Quiet River Avenue
6,409
$2,080,000
$325
Roma Hills No closed sales for the month of November in Aventura, Eagle Hills, Mountain Trails, Tournament Hills, Willow Creek, Tuscan Cliffs, The Fountains, Seven Hills - Rapallo, Seven Hills - Terractina/Venezia
1799 Anelli Court
5,232
$1,360,000
$260
810 Dragons Eye Drive
6,646
$3,725,000
$560
775 Tozzetti Lane
5,620
$1,425,000
$254
1794 Valenzano Way
3,101
$890,000
$287
HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - NOVEMBER PRICE RANGE
FOR SALE
UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
$500K-$749K
59
41
42
1
2.5
$750K-$999K
64
44
28
2
3.7
$1M-$1.49M
60
40
22
3
4.9
$1.5M-$1.99M
54
26
16
2
5
$2M-$2.49M
24
10
7
1
4
$2.5M-$2.99M
14
4
4
1
7.2
$3M-$3.99M
24
13
4
0
10.6
$4M+
55
17
5
0
12
*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), 11/30/20. 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 | NOVEMBER
NOV '20
CLOSED SALES
MONTHLY & YEARLY
11/30/20
UNDER CONTRACT
11/30/20
ACTIVE LISTINGS
128 195 549
Over OCT '20
+3%
-3%
-7.6%
Over NOV '19
+54%
+103.1%
-7.6%
OCT '20
124
201
594
NOV '19
83
96
594
#5380NorthRiley
5380 NORTH RILEY STREET CENTENNIAL HILLS | $1,100,000
4,085 Square Feet | 4 Bedrooms | 5 Bathrooms | Single-Story Ranch-style living meets modern design at this custom single-story estate, which sits on over half an acre in Centennial Hills. Boasting a wealth of high-end upgrades—including a fully finished 4-car garage, designer finishes, deluxe flooring, and more—this brand new home is as low-maintenance as it is beautiful. A blank slate for your imagination, this property’s expansive cul-de-sac lot provides the perfect opportunity to create the backyard you’ve always wanted—whether that includes a casita, swimming pool, sport court, full-sized RV garage, or all of the above.
#8940RainbowRidge
8940 RAINBOW RIDGE DRIVE CANYON GATE | $799,000
3,146 Square Feet | 4 Bedrooms | 4 Bathrooms | Two-Story Just in time for the holidays, this two-story home presents sweeping golf course and mountain views in Canyon Gate Country Club—a secure, guard gated community acclaimed for its wide streets and mature landscaping. Renovated and ready to call home, this property features fresh exterior and interior paint, brand new landscaping, Sunburst shutters, ceramic tile, and engineered hardwood. Whether you’re socializing by the marble fireplace in the formal living room, reclining on the master balcony, or lounging poolside on the patio, you’ll cherish the picturesque greenery surrounding the 16th hole.
TEAM SPOTLIGHT!
Andrea Toussaint SHOWING ASSISTANT
Once your home is live on the 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 Andrea Toussaint, 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. Andrea’s work begins long before a buyer reaches out and asks to see your property. From the moment you choose to list with us, her focus is to make sure buyers know everything about what makes your home special—including unique features, upgrades, and community amenities. Paired with Andrea’s considerable market knowledge, this information ensures that your property is unforgettable and empowers potential buyers to make informed decisions. To make showings as convenient as possible, Andrea 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. With over eight years of commercial real estate experience under her belt—including development, lease negotiations, tenant improvements, and property management—Andrea brings a wellrounded perspective to the team. Dynamic, intuitive, and resourceful, she is proud of her tenacity to continue to grow and learn about herself and the world around her. A Las Vegas native, Andrea has enjoyed watching the city grow and change over the years. She is passionate about wellness and healing through natural foods, fitness, and a balanced life. When she’s not working, she loves being in nature, staying active, and enjoying great meals out with family and friends. An advocate of personal growth, Andrea lives by this Chinese proverb: “Learning is a treasure that will follow its owner everywhere.”
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 B.0143770.LLC
SOLD $2,000,000 11 BOULDER ROCK CIRCLE THE RIDGES
SOLD $1,650,000
SOLD $1,099,000
2168 ORCHARD MIST STREET
11434 GLOWING SUNSET LANE
SOLD $1,089,000
SOLD $739,000
11772 CANONS BROOK DRIVE
10715 RIVENDELL AVENUE
RED ROCK COUNTRY CLUB
SOUTHERN HIGHLANDS
robjensenco
RED ROCK COUNTRY CLUB
WILLOW CREEK
robjensen.com
702.605.7480