ROB'S REPORT SUMMERLIN, L AS VEGAS, & HENDERSON Aug u s t 2 018
800 Canyon Greens Drive | Canyon Fairways
$2,750,000
4 Bedrooms | 3 Full Bathrooms, 1 Powder Room | 7,320 Square Feet 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. A domed ceiling with high arched windows, imperial staircase, artistic wrought iron, and Ionic columns adorn the grand entry, beyond which an abundance of French doors serves to create a sublime indoor/outdoor living experience.
#800CanyonGreens
SOLD PROPERTIES | GATED FOR THE MONTH OF JULY 2018
SUMMERLIN, LAS VEGAS, & HENDERSON ADDRESS
SF
PRICE
P/SF
4,144
$650,000
$157
3,889 3,665
$740,000 $820,000
$190 $224
AUGUST INTEREST RATES
4.500% 3.990%
Barrington 11550 Lampeter Court Canyon Crest 10009 Bow Ridge Court 616 Hermosa Canyon Drive
30 Year Jumbo Fixed 7/1 Arm Jumbo Patrick Kobielsky BRANCH MANAGER 702-278-9659
The Lakes* Mira Villa* $196 $207
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.
$273
Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency. Š2017 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
Serrano 705 Coriander Canyon Court 631 South Coriander Canyon Court
4,339 4,576
$850,000 $945,000
Seven Hills - Portofino* Seven Hills - Marquis* Sky Terrace 2264 Edge Ridge Court
5,135
$1,400,000
*No closed sales for the month of July
Sales for Q1 & Q2 180 160 140 120
Price Point
2017
2018
500K-750K 750K-1M 1M-1.5M 1.5M-2M 2M-2.5M 2.5M-3M 3M-4M >4M Totals
152 84 96 21 17 9 12 3 394
165 119 108 38 19 9 9 10 477
% Change +9% +42% +13% +81% +12% 0% -25% +233% +21%
100
Rob Jensen Broker/President
80 60 40 20 0 500K-750K 750K-1M 1M-1.5M
1.5M-2M
2M-2.5M
2.5M-3M
3M-4M
>4M
The guard gated luxury real estate market continues to be just as hot as the weather in Las Vegas. The graph and table above are a summary of closed guard gated sales in Summerlin, Las Vegas, and Henderson broken down by price point. The big take-away is that sales for the 1st and 2nd quarters are up 21% over the same time period of 2017. Closed sales were down in July, but I expect sales activity to pick up as people return from their summer vacations, kids go back to school, and the temperature eventually cools down. As for now, all sources point to rising prices in the valley. If you're looking to take advantage of the strong market and sell, I look forward to talking to you.
FOR THE MONTH OF| APRIL 2017 SOLD PROPERTIES GUARD GATED FOR THE MONTH OF JULY 2018
SUMMERLIN ADDRESS Aventura* Bellacere 10316 Rocky Mesa Court Canyon Fairways* Corta Bella* Country Club Hills 9040 Thornbury Lane Country Rose Estates* Eagle Hills* Eagle Rock 612 Pinnacle Heights Lane Mountain Trails 9905 Glenrock Drive The Palisades* Red Rock Country Club 1963 Alcova Ridge Drive 3203 Elk Clover Street 11272 Golden Chestnut Place 11224 Golden Chestnut Place 2455 Grassy Spring Place 3296 Rabbit Brush Court 3083 Red Springs Drive 2949 Red Springs Drive 2797 Turtle Head Peak Drive The Ridges 93 Glade Hollow Drive 38 Grey Feather Drive 27 Meadowhawk Lane 32 Quiet Moon Lane 36 Wildwing Court
SF
7,246
4,836
LAS VEGAS PRICE
$1,815,000
$1,125,000
P/SF
$250
$233
3,762
$665,000
$177
7,034
$1,825,000
$259
5,037 4,083 4,443 2,712 3,601 2,243 4,410 2,508 3,823
$1,025,000 $1,068,000 $1,175,000 $775,000 $1,200,000 $660,000 $1,100,000 $729,990 $1,215,000
$203 $262 $264 $286 $333 $294 $249 $291 $318
3,797 3,776 7,725 13,652 5,779
$1,600,000 $1,117,691 $3,700,000 $3,825,000 $3,250,000
$421 $296 $479 $280 $562
8,370
$1,450,000
$173
3,888
$980,000
$252
Tournament Hills 8809 Greensboro Lane (REO) The Vineyards 1412 French Merlot Court Willow Creek 2965 American River Lane
7,291
$2,345,000
$322
*No closed sales for the month of July
ADDRESS Canyon Gate 8805 Rainbow Ridge Drive One Queensridge Place 9103 Alta Drive #1005 9101 Alta Drive #705 Queensridge 9712 Gavin Stone Avenue Regency at the Lakes 9909 Fox Springs Drive 9917 Robin Oaks Drive Southern Highlands 36 Olympia Canyon Way 48 Olympia Canyon Way Spanish Hills* Spanish Trail* Ten Oaks*
SF
PRICE
P/SF
2,747
$550,000
$200
3,355 3,355
$1,675,000 $1,525,000
$499 $455
2,773
$582,500
$210
3,273 4,990
$600,000 $750,000
$183 $150
6,448 6,017
$3,000,000 $2,170,000
$465 $361
HENDERSON ADDRESS
SF
Anthem Country Club 18 Anthem Pointe Court (REO) 7,458 27 Brandermill Drive 1,255 19 Club Vista Drive (SS) 3,942 29 Gladewater Drive 2,076 17 Holston Hills Road 2,958 15 Isleworth Drive 3,876 8 Moraine Drive 1,942 12 Winding Road (SS) 3,449 The Fountains 2275 Buckingham Court 3,202 Hillsboro Heights 177 Knollwood Court 3,208 Legacy Estates* MacDonald Highlands 1560 Foothills Village Drive 5,100 Roma Hills 779 Bolle Way 6,078 Seven Hills - Rapallo* Seven Hills - Terracina/Venezia 1546 Villa Rica Drive 15,747 1588 Villa Rica Drive 5,711
REO - Bank Owned Foreclosure
SS - Short Sale
PRICE
P/SF
$1,699,000 $390,990 $830,000 $478,000 $758,000 $1,410,000 $515,000 $615,000
$228 $312 $211 $230 $256 $364 $265 $178
$760,000
$237
$675,000
$210
$1,500,000
$294
$1,155,000
$190
$3,950,000 $1,690,000
$251 $296
57 Painted Feather Way | The Ridges
$4,350,000
5 Bedrooms | 5 Full Bathrooms, 3 Powder Rooms | 7,363 Square Feet Discover modern elegance at this two-story estate in The Ridges, designed by the award-winning Richard Luke Architects. Perched on a 0.59-acre lot above the 11th hole of Bear’s Best Las Vegas, this home enjoys sweeping views of the mountains and city lights. Touchstones of tasteful design—tray and coffered ceilings, cantera travertine, hardwood floors, and custom built-ins—encompass a fortune of world-class amenities, including Crestron home automation, a resort-style infinity pool with a waterslide, an entertainment wing with a theatre, and a climate-controlled wine cellar.
#57PaintedFeather
HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - July PRICE RANGE
FOR SALE
UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
$500K-$750K
94
39
26
6
4.8
$750K-$1M
80
32
9
4
10.2
$1M-$1.5M
87
23
13
2
5.8
$1.5M-$2M
55
11
9
2
6.9
$2M-$2.5M
16
5
2
3
8.4
$2.5M-$3M
26
7
0
2
33
$3M-$4M
26
6
5
0
10.7
$4M+
54
3
0
5
114
* 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), 8/1/18. 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
564
64
+3.3% over last month -8.3% over last year Month over Month Jul '18 Jun '18
Month over Month 564 546
Year over Year Jul '18 Jul '17
-24% over last month -10% over last year 64
Jul '18
84
Jun '18 Year over Year
564 615
64
Jul '18 Jul '17
`
71
308 Round Stone Court | Queensridge
$730,000
4 Bedrooms | 3 Full Bathrooms, 1 Powder Room | 3,798 Square Feet A secure, private lifestyle awaits at this two-story home in Queensridge, an esteemed guard gated Las Vegas community. A major highlight of this home is its 39-panel solar PV system. An upgrade worth over $37,000, this system provides usable solar energy and over $2,000 in annual energy savings. Tray and vaulted ceilings, Tuscan columns, and sunken living spaces create a sense of architectural intrigue in this home. The lower level master is beautifully upgraded with Brazilian cherry hardwood flooring, granite countertops, and polished travertine tile.
#308RoundStone
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135
! D L SO
7404 Silver Palm Avenue | Ten Oaks
$1,025,000
"Excellent service all around! When a low offer was received, Rob was able to provide the buyers agent with supporting comps and value of the house and negotiate the purchase price up, closer to the asking price. His knowledge of real estate transactions is second to none. I’ve used Rob for selling my previous house and my experience was also very pleasant. Thank you!" - Dr. Andy Mersha, Seller
We specialize in working with buyers and sellers in guard gated communities in Summerlin, Las Vegas, and Henderson.
robjensenco
robjensen.com
702.605.7480