ROB'S REPORT SUMMERLIN, L AS VEGAS, & HENDERSON
May 2 018
8 Windstone Ridge Court | The Ridges
$1,700,000
4 Bedrooms | 4 Full Bathrooms, 1 Powder Room | 3,955 Square Feet Supreme privacy and unlimited possibility await in this all single-story community of Topaz Ridge. Situated in a cul-desac with only three homes, this home features a beautiful gourmet kitchen with plenty of counter space, KitchenAid appliances, and attached breakfast nook. Guests will appreciate the spaciousness of the casita, with its own kitchenette and private access through the courtyard, while the luxurious master suite is the perfect place to unwind.
#8WindstoneRidge
SOLD PROPERTIES | GATED FOR THE MONTH OF APRIL 2018
MAY INTEREST RATES
SUMMERLIN ADDRESS
SF
PRICE
P/SF
$745,000
$180
Barrington 11515 Noors Avenue
4,144
Canyon Crest* The Lakes*
4.375% 4.000%
30 Year Jumbo Fixed 7/1 Arm Jumbo Patrick Kobielsky
Mira Villa* Serrano 705 Chervil Valley Drive
4,197
$930,000
$222
620 Chervil Valley Drive
3,746
$839,000
$224
Seven Hills - Portofino* Seven Hills - Marquis* Sky Terrace* *No closed sales for the month of April
BRANCH MANAGER 702-278-9659
This is not a commitment to lend. Prices and guidelines are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision. This document is provided by Pacific Sunbelt Mortgage. Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency. ©2017 A division of Finance of America Mortgage LLC | NMLS ID # 1071 | Mortgage Banker License #0910184 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act
Dear Friends, We just hosted our Annual Client Appreciation Party at Vintner Grill, and it was a blast! Real estate can be stressful for buyers and sellers which is why we do our best to make the process as smooth as possible. So it’s always extra special for the team and I to take the time to break bread and share a nice glass of wine with our clients. We look forward to having you join us in the future as one of our new happy clients. As the economy and housing market move forward in Vegas, so do the Golden Knights! Who would have thought that we would have our own hockey team, let alone one that’s headed to the Western Conference Finals in their first season! Not only is hockey fun to watch, but it’s also a new experience that brings locals together and a testament to how Vegas constantly reinvents itself. Finally, I strongly recommend you visit our YouTube channel as we interview CPA Scott Taylor of PBTK about the 2017 Tax Act. Learn about how the changes in the new tax law will affect your 2018 return. Trust me, you’d rather hear some of these points now rather than come next year. Enjoy!
Rob Jensen Broker/President
FOR THE MONTH OF| APRIL 2017 SOLD PROPERTIES GUARD GATED FOR THE MONTH OF APRIL 2018
SUMMERLIN ADDRESS
SF
Aventura 9900 Alegria Drive 113 Tesoro Drive Bellacere 10100 Summit Canyon Drive 10340 Summit Canyon Drive Canyon Fairways 821 Canyon Greens Drive Corta Bella* Country Club Hills* Country Rose Estates 9708 Cameo Rose Lane Eagle Hills 9012 Night Owl Court 2129 Redbird Drive Eagle Rock* Mountain Trails* The Palisades* Red Rock Country Club 3193 Elk Clover Street 11514 Glowing Sunset Lane 11273 Golden Chestnut Place 11283 La Madre Ridge Drive 3332 Saddle Soap Court 11452 Snow Creek Avenue The Ridges 2 Boulder Crossing Circle 11 Garden Rain Drive 17 Moonfire Drive 11424 Opal Springs Way 11444 Opal Springs Way 27 Quiet Moon Lane 14 Sable Ridge Court 16 Sun Glow Lane 36 Tapadero Lane 35 Tapadero Lane Tournament Hills* The Vineyards* Willow Creek 3000 Hammerwood Drive 10710 Hobbiton Avenue 10938 Iris Canyon Lane
PRICE
P/SF
3,023 3,372
$810,000 $725,000
$268 $215
16,562 6,554
$4,100,000 $1,800,000
$248 $275
6,031
$2,145,000
$356
2,289
$489,000
$214
5,624 3,814
$950,000 $998,000
$169 $262
4,593 2,325 3,166 2,712 1,938 2,325
$1,025,000 $825,000 $700,000 $645,000 $540,000 $635,000
$223 $355 $221 $238 $279 $273
5,324 4,180 4,180 5,032 4,893 7,100 10,365 6,252 3,766 4,013
$2,064,374 $1,086,390 $980,245 $1,800,000 $1,713,000 $2,550,000 $5,075,000 $3,500,000 $1,610,000 $1,550,000
$388 $260 $235 $358 $350 $359 $490 $560 $428 $386
3,364 3,792 3,951
$835,000 $800,500 $884,000
$248 $211 $224
PRICE
P/SF
$820,000 $765,000 $507,500
$157 $263 $185
LAS VEGAS ADDRESS Canyon Gate 1805 Iron Ridge Drive 8817 Robinson Ridge Drive 2308 Timberline Way
SF 5,211 2,909 2,747
One Queensridge Place 9101 Alta Drive #1206 9103 Alta Drive #403 Queensridge 921 Granger Farm Way 9812 Miss Peach Avenue Regency at the Lakes 9916 Fox Springs Drive Southern Highlands 3307 Alpine Lily Drive 19 Park Meadow Court 11803 Weybrook Park Drive Spanish Hills 8822 Spanish Mountain Drive Spanish Trail* Ten Oaks*
2,137 2,638
$825,000 $1,175,000
$386 $445
2,917 2,532
$650,000 $595,000
$223 $235
3,794
$610,000
$161
3,936 6,107 2,742
$950,000 $1,579,000 $560,000
$241 $259 $204
5,714
$1,360,000
$238
HENDERSON ADDRESS Anthem Country Club 35 Anthem Creek Circle 6 Belfair Court 4 Belfair Court 10 Bloomfield Hills Drive 53 Braelinn Drive 37 Brandermill Drive 10 Brays Island Drive 33 Brays Island Drive 11 Candlewyck Drive 14 Caprington Road 3 Cedar Chase Drive (SS) 11 Dry Brook Tail 32 Golf Crest Court 29 Golf Crest Court 38 Sankaty Circle 8 Winding Road The Fountains 2328 Caserta Court 2226 Chatsworth Court 2317 Prometheus Court Hillsboro Heights 187 Springfield Street Legacy Estates 2025 Troon Drive MacDonald Highlands 505 Bighorn Ridge Avenue 1448 Macdonald Ranch Drive 523 Regents Gate Drive Roma Hills* Seven Hills - Rapallo* Seven Hills - Terracina/Venezia 1368 Opal Valley Street (SS)
*No closed sales for the month of April
SS - Short Sale
SF
PRICE
P/SF
3,085 3,962 3,962 6,550 2,090 4,163 4,005 2,872 3,374 1,905 4,851 3,942 4,490 4,025 7,502 2,678
$720,000 $1,275,000 $805,000 $1,954,000 $575,000 $1,000,000 $1,150,000 $645,000 $765,500 $449,000 $900,000 $1,275,000 $1,070,000 $1,030,000 $2,255,000 $625,000
$233 $322 $203 $298 $275 $240 $287 $225 $227 $236 $186 $323 $238 $256 $301 $233
6,538 6,377 3,412
$1,175,000 $1,080,000 $645,000
$180 $169 $189
3,554
$465,000
$131
5,962
$1,200,000
$201
4,843 7,668 6,936
$1,099,900 $2,400,000 $2,200,000
$227 $313 $317
7,106
$1,500,000
$211
HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - April PRICE RANGE
FOR SALE
UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
$500K-$750K
80
53
34
1
4.1
$750K-$1M
73
37
17
4
5
$1M-$1.5M
77
32
14
4
6.8
$1.5M-$2M
49
12
8
4
7.2
$2M-$2.5M
22
3
5
2
5.6
$2.5M-$3M
25
3
1
0
18.7
$3M-$4M
27
4
1
3
31
$4M+
52
3
2
2
36.7
* 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), 5/1/18. 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 |
MONTHLY & YEARLY
ACTIVE LISTINGS
CLOSED SALES
552
82
+1.3% over last month -15.6% over last year Month over Month
-12% over last month +41% over last year Month over Month
Apr '18
552
Apr '18
Mar '18
545
Mar '18
Year over Year Apr '18 Apr '17
82 93
Year over Year 552
82
Apr '18 654
Apr '17
58
2980 American River Lane | Willow Creek
7 Bedrooms | 6 Full Bathrooms, 1 Powder Room | 6,175 Square Feet
$1,821,625
Family comfort meets private tranquility in this expansive two-story home. Located in Willow Creek, a 24-hour guard gated community in The Willows Village of Summerlin, this home features a warm aesthetic and a layout designed for maximum privacy and ease of access. Highlights include a basement, a guest suite with private courtyard access, and pocket doors that disappear to create an indoor/outdoor living space.
#2980AmericanRiver
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135
! D L SO
36 Tapadero Lane | The Ridges
$1,610,000
CASH BUYER | $428/SQFT 4 Bedrooms | 4 Full Bathrooms, 1 Powder Room | 3,766 Square Feet This stunning single-story home, with private detached casita, is located in The Topaz Ridge neighborhood of the guard gated The Ridges community. This home features unobstructed views of the Las Vegas Strip and sits elevated above the 17th green of Bear’s Best golf course.
We specialize in working with buyers and sellers in guard gated communities in Summerlin, Las Vegas, and Henderson.
robjensenco
robjensen.com
702.605.7480