ROB'S REPORT SUMMERLIN, L AS VEGAS, & HENDERSON
S eptemb er 2 018
2928 Coast Line Court | The Lakes
$3,950,000
6 Bedrooms | 5 Full Bathrooms, 1 Powder Room | 11,662 Square Feet A regal lifestyle awaits at Rose Manor, a distinctive waterfront castle in the affluent gated community of Lakes Estates. Originally built for $8 million, this early Victorian home boasts finishes fit for a king: cast stone exterior walls, rustic slate roof tiles imported from China, 144 custom stained-glass and beveled-glass windows, and $1.5 million worth of carved mahogany wood fixtures. Additional highlights include a hidden dungeon, a private boat dock on Lake Sahara, and a master suite with an expansive two-room closet for the lady of the castle.
#2928CoastLine
SOLD PROPERTIES | GATED FOR THE MONTH OF August 2018
SUMMERLIN, LAS VEGAS, & HENDERSON ADDRESS
SF
PRICE
P/SF
Barrington* Canyon Crest 624 Edgebrook Drive
4,543
$812,500
$179
The Lakes*
4.500% 3.999%
30 Year Jumbo Fixed 7/1 Arm Jumbo Patrick Kobielsky
Mira Villa 9213 Las Manaitas Avenue #301
2,333
$870,000
$373
4,213
$925,000
$220
Serrano 608 Chervil Valley Drive
September INTEREST RATES
Seven Hills - Portofino* Seven Hills - Marquis* Sky Terrace* *No closed sales for the month of August
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, After a brief decline in sales transactions for July, the numbers have bounced right back for August with guard gated closed sales up 29% year over year. Remember, this doesn't include the completion of new custom homes because they are not in the Multiple Listing Service as closed sales. Be aware that the average time to close a deal with financing is about 45 days, whereas cash is generally 30 or less. This trend is something to keep in mind: When you see closed sales down in July and back up in August, it really means less buyers went under contract in June, but the pace picked back up in July.
Rob Jensen Broker/President
Inventory is down 11.4% over last August. And with sales up, we should be heading into a strong 4th quarter. The holiday season is also the time of year where a lot of sellers decide to wait until next spring to put their home on the market because they don’t want to move during the holiday season. So, it’s good for the current sellers because there’s less competition. Sellers always ask me when is the best time to sell and I always say, “When your house is ready.” It’s all too common that sellers decide to sell and want their home on the market immediately, with complete disregard to preparation of the house and marketing materials. There's a big fear of losing time on the market. I understand there are many situations where time is of the essence and urgency is important. We at The Rob Jensen Company can move fast and accommodate sellers when urgency is needed. However, when the urgency is self-imposed and not due to a pending deadline or relocation, I recommend you pull out all the stops and make sure that your debut on the market is first class, which will ultimately lead to a faster sale. If you’d like a new home for the holidays, let us know. Now is a good time to get started.
FOR THE MONTH OF| APRIL 2017 SOLD PROPERTIES GUARD GATED FOR THE MONTH OF August 2018
SUMMERLIN ADDRESS Aventura* Bellacere* Canyon Fairways 512 Canyon Greens Drive Corta Bella 8829 Cortile Drive 8805 Montagna Drive Country Club Hills 9008 Thornbury Lane Country Rose Estates 9817 Camden Rose Court Eagle Hills* Eagle Rock* Mountain Trails 2201 Paiute Meadows Drive The Palisades* Red Rock Country Club 1986 Alcova Ridge Drive 2022 Country Cove Court 11563 Glowing Sunset Lane 3299 Mission Creek Court 2557 Red Arrow Drive 3024 Red Arrow Drive 11460 Snow Creek Avenue 2791 Soft Horizon Way 11533 Timber Mountain Avenue 11342 Winter Cottage Place The Ridges 7 Boulder Rock Circle 31 Cranberry Cove Court 70 Glade Hollow Drive 48 Midnight Ridge Drive 9 Midnight Ridge Drive 8 Midnight Ridge Drive 19 Moonfire Drive 11443 Opal Springs Way 32 Painted Feather Way 65 Tapadero Lane 68 Wildwing Court
SF
LAS VEGAS PRICE
P/SF
6,783
$2,325,000
$343
4,060 3,705
$770,000 $785,000
$190 $212
3,273
$960,000
$293
2,417
$490,000
$203
8,738
$2,400,000
$275
2,792 4,274 2,712 3,455 7,515 6,052 2,325 2,712 2,325 3,166
$650,000 $900,000 $935,000 $720,000 $2,900,000 $2,425,000 $685,000 $755,000 $770,000 $890,000
$233 $211 $345 $208 $386 $401 $295 $278 $331 $281
4,090 4,888 4,888 5,806 4,776 4,797 3,562 5,047 9,818 4,013 9,318
$1,855,553 $1,875,000 $2,400,000 $2,610,731 $2,600,000 $2,005,828 $1,550,000 $1,875,000 $3,800,000 $1,350,000 $3,160,000
$454 $384 $491 $450 $544 $418 $435 $372 $387 $336 $339
4,961
$1,300,000
$262
3,591 3,792 4,435
$975,000 $780,000 $1,280,000
$272 $206 $289
Tournament Hills 8805 Greensboro Lane The Vineyards* Willow Creek 10915 Iris Canyon Lane 2868 Middle Earth Street 3050 Traverse Creek Lane
*No closed sales for the month of August
ADDRESS Canyon Gate 8737 Double Eagle Drive 2116 Lookout Point Circle 8901 Robinson Ridge Drive 2316 Timberline Way One Queensridge Place 9101 Alta Drive #204 Queensridge 9721 Camden Hills Avenue 9317 Fontainbleu Drive 9609 Royal Lamb Drive 9505 Verlaine Court (SS) Regency at the Lakes* Southern Highlands* Spanish Hills 5131 Mountain Foliage Drive 5198 Scenic Ridge Drive Spanish Trail 7949 Bermuda Dunes Avenue Ten Oaks*
SF
PRICE
P/SF
3,662 2,338 3,574 2,747
$775,000 $465,000 $718,300 $528,888
$212 $199 $201 $193
3,100
$1,350,000
$435
3,913 4,637 3,417 6,515
$750,000 $773,900 $577,000 $1,200,000
$192 $167 $169 $184
5,495 9,296
$1,150,000 $6,500,000
$209 $699
2,692
$590,000
$219
SF
PRICE
P/SF
4,302 1,942 1,905 1,905 3,600 2,678 2,614
$950,000 $538,500 $555,000 $443,000 $883,000 $575,000 $632,500
$221 $277 $291 $233 $245 $215 $242
6,076
$1,290,000
$212
4,107 4,616 7,866
$1,177,777 $1,468,000 $2,710,000
$287 $318 $345
4,929
$1,060,000
$215
5,714
$1,800,000
$315
HENDERSON ADDRESS Anthem Country Club 12 Anthem Creek Circle 33 Braelinn Drive 9 Caprington Road 10 Caprington Road 1 Karsten Creek Court 15 Moraine Drive 45 Stonemark Drive The Fountains 2283 Buckingham Court Hillsboro Heights* Legacy Estates* MacDonald Highlands 1419 Foothills Village Drive 541 Regents Gate Drive 459 St Moritz Drive Roma Hills 1764 Harpsichord Way Seven Hills - Rapallo* Seven Hills - Terracina/Venezia 1598 Villa Rica Drive
REO - Bank Owned Foreclosure
SS - Short Sale
1353 Enchanted River Drive | MacDonald Highlands
$1,348,000
5 Bedrooms | 6 Full Bathrooms, 1 Powder Room | 5,224 Square Feet Discover the pinnacle of family comfort at this two-story semi-custom estate a 1/3-acre corner lot in MacDonald Highlands. Wrapped around a gated driveway and courtyard, and serviced by multiple balconies and French doors, this highly upgraded home was designed for ease of access. With $500,000 in original upgrades, highlights of this Toll Brothers estate include a masterful kitchen, a generous lagoon pool, built-in multi-room audio (indoors and out), and an en suite guest loft overlooking a versatile family room with 20’ ceilings. At 1353 Enchanted River Drive, a premiere lifestyle awaits.
#1353EnchantedRiver
HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - August PRICE RANGE
FOR SALE
UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
$500K-$750K
99
30
32
8
4.4
$750K-$1M
80
22
18
4
6.8
$1M-$1.5M
99
22
12
4
8.3
$1.5M-$2M
56
11
6
1
8.9
$2M-$2.5M
17
6
5
1
6.6
$2.5M-$3M
23
1
4
1
12
$3M-$4M
33
5
2
2
10.9
$4M+
53
1
1
1
108
* 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), 9/1/18. 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
558
80
-1.1% over last month -11.4% over last year Month over Month
+13% over last month +29% over last year Month over Month
Aug '18
558
Aug '18
Jul '18
564
Jul '18
Year over Year Aug '18 Aug '17
80 71
Year over Year 558 630
80
Aug '18 Aug '17
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62
8801 Bonta Court | Corta Bella
$839,000
4 Bedrooms | 3 Full Bathrooms, 1 Powder Room | 3,916 Square Feet Spacious family living abounds at this two-story home in Corta Bella, a 24-hour guard gated community in The Hills village of North Summerlin. Boasting over $75,000 in renovations—including all new flooring—this Coleman home enjoys tasteful design, a carefully considered layout, and a great cul-de-sac location. Additional highlights include a 45’ heated saltwater pool, immaculate landscaping, and a remodeled master bath.
#8801Bonta
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135
! D L SO
10732 Grey Havens Court | Willow Creek
$635,000
"We were already thinking about using Rob from seeing all his signs and his monthly mailings. So when we got a recommendation from a trusted friend, that was a bonus. When I called Rob, he was very professional in his approach, stating what we had been thinking about why we haven't sold yet. We did an update, signed up Rob, and his fabulous team, and the house sold in a month for much more than what it was listed for prior to Rob. We were thrilled. Rob's knowledge of the market, the trends, and his outreach is what sold us and the house. We had interviewed so many realtors prior to Rob. He was definitely more action than talk! The unique thing about Rob's company is that you not only have a great realtor working for you, but an entire team. Everyone has a job to do and they are all professional and do it well. I never had to wait hours or a day for Rob or one of the team to get back to me. I would highly recommend them to anyone looking for the best buying or selling experience. - Melanie and Gene Greenberg, Sellers
We specialize in working with buyers and sellers in guard gated communities in Summerlin, Las Vegas, and Henderson.
robjensenco
robjensen.com
702.605.7480