ROB'S REPORT SUMMERLIN, L AS VEGAS, & HENDERSON AU G U S T 2 019
2300 PEARL CREST STREET
#2300PearlCrest
MOUNTAIN TRAILS | $2,600,000
7,193 Square Feet | 4 Bedrooms | 7 Bathrooms | Two Story Built on a .64-acre corner lot in Mountain Trails—a 24-hour guard gated community in The Trails Village of Summerlin—this custom two-story estate brings the Italian countryside to Las Vegas. Inspired by the architecture found in the foothills of Florence, this estate boasts hand-laid mortared clay roof tiles, double-framed exterior walls, and a floor plan designed for endless entertainment. Highlights include an immaculately landscaped yard with a pool, a climate-controlled wine room with space for approximately 1,500 bottles, a master suite with a private, controlled access office, and a game room with a wet bar.
SOLD PROPERTIES | GATED FOR THE MONTH OF JULY 2019
SUMMERLIN, LAS VEGAS, & HENDERSON ADDRESS
SF
PRICE
P/SF
The Lakes 2928 Coast Line Court 2816 Coast Line Court
ADDRESS
SF
PRICE
P/SF
4,224
$850,000
$201
Serrano 11,662 4,743
$3,250,000 $1,100,000
$279 $232
636 Chervil Valley Drive
*No closed sales for the month of July in Barrington, Canyon Crest, Mira Villa, Seven Hills - Marquis, Seven Hills - Portofino, Sky Terrace
Dear Friends, There is a significant difference between signing a luxury residential listing and professionally marketing one. Professional marketing is comprised of a number of factors far beyond just tossing a listing up on the MLS and then waiting and hoping. Hope is not an effective sales strategy. The first steps in professional marketing occur before the high-end listing is submitted to the MLS. This includes determining the optimum sales price based on comprehensive sales data and current market trend analysis. It also includes preparing and professionally photographing the property to accent the home’s strongest selling points. Rob Jensen Broker/President
In a rush to begin the “wait and hope” process, some Realtors post multi-million dollar properties on the MLS with no initial photos. This is a sure sign that your Realtor is in full "wait and hope" mode. Here’s why: Qualified buyers and/or their agents often have email “alerts” set for the type of residence they are looking for. These alerts are triggered by new listings on the MLS and are a one-shot opportunity. They get the one alert, they click to learn more, and – no photos. You’ve just blown your first and only opportunity to make a great first impression. And guess how long it takes for them to move on and forget that your home exists. Another often missed opportunity in professional marketing is Open Houses. Many Realtors in the high-end residential market will not devote the time, money, and energy to hold Open Houses. Their "wait and hope" methodology takes up a lot less of their time. But make no mistake – Open Houses work when they are heavily advertised and conducted properly. The advertising includes notifying as many qualified buyers and luxury home buyer’s agents as possible. This creates buzz in the marketplace. Open Houses are also convenient for buyers and sellers. Designating a time slot for Open House showings on a weekend allows a seller to properly plan and prepare their home for the event. The same goes for buyer’s agents. They are almost always out on weekends and often they’ll bring their clients or just stop by for a preview on their own. Either way it’s a win! We generally host four Open Houses every weekend. If you’d like to receive our weekly email with the schedule, please call us at 702-605-7480 or email me at rob@robjensen. com. Sincerely,
Rob Jensen Broker / President
FOR THE MONTH OF| APRIL 2017 SOLD PROPERTIES GUARD GATED FOR THE MONTH OF JULY 2019
SUMMERLIN ADDRESS
SF
LAS VEGAS PRICE
P/SF
Aventura* Bellacere 10316 Rocky Mesa Court Canyon Fairways* Corta Bella 1709 Corta Bella Drive 8832 Cortile Drive Country Club Hills 9104 Sandy Bluff Court Country Rose Estates 9821 Cantebury Rose Lane Eagle Hills 2021 Grouse Street Eagle Rock* Mountain Trails* The Palisades 10153 Kearney Hill Place Red Rock Country Club 2381 Calico Creek Court 11692 Glowing Sunset Lane (SS) 1987 Orchard Mist Street 2545 Red Arrow Drive 2623 Turtle Head Peak Drive The Ridges 6 Boulder Crossing Circle 39 Coralwood Drive 52 Grey Feather Drive 11 Meadowhawk Lane 30 Meadowhawk Lane 11465 Rhodolite Court 16 Soaring Bird Court 23 Sun Glow Lane 64 Wildwing Court
7,246
$1,925,000
$266
4,148 3,511
$803,000 $650,000
$194 $185
3,276
$710,000
$217
2,231
$535,000
$240
5,373
$1,343,063
$250
4,079
$800,000
$196
4,121 3,579 4,130 10,062 3,147
$1,150,000 $920,300 $1,200,000 $3,335,000 $845,000
$279 $257 $291 $331 $269
4,379 4,618 4,171 9,165 9,404 4,619 11,433 7,607 6,540
$1,795,609 $2,200,000 $1,299,888 $3,700,000 $3,200,000 $1,813,990 $3,469,000 $4,100,000 $3,750,000
$410 $476 $312 $404 $340 $393 $303 $539 $573
4,647
$980,000
$211
4,309
$1,325,000
$307
Tournament Hills* The Vineyards 1401 Chambolle Court Willow Creek 10964 Willow Heights Drive
*No closed sales for the month of July
ADDRESS Canyon Gate 9044 Opus Drive Queensridge 9705 Gavin Stone Avenue 804 Jody Brook Court 305 Prince Charming Court 9609 Queen Charlotte Drive 9517 Royal Lamb Drive 700 Sethfield Place Regency at the Lakes 10016 Fox Springs Drive 10008 Robin Oaks Drive Southern Highlands 10 Castle Oaks Court 11787 Oakland Hills Drive 17 Olympia Hills Circle Spanish Hills 5016 Scenic Ridge Drive 5212 Spanish Heights Drive Spanish Trail 59 Gulf Stream Court (REO) Ten Oaks 7405 Doe Avenue
SF
PRICE
P/SF
3,029
$615,000
$203
2,773 2,737 3,798 3,497 3,417 2,989
$650,000 $670,000 $715,000 $885,000 $725,000 $600,000
$234 $245 $188 $253 $212 $201
5,047 5,047
$870,000 $885,000
$172 $175
5,304 4,995 9,686
$2,280,000 $1,300,000 $2,741,000
$430 $260 $283
7,256 20,843
$2,600,000 $16,000,000
$358 $768
6,752
$920,500
$136
4,180
$811,100
$194
PRICE
P/SF
HENDERSON ADDRESS
SF
Anthem Country Club 18 Anthem Pointe Court 7,458 17 Contra Costa Place 2,614 26 Feather Sound Drive 2,513 15 Hammock Dunes Court 1,889 15 Levan Hills Trail 2,614 8 Mohansic Road 1,905 9 Sankaty Circle 4,990 The Fountains 2331 Dolphin Court 5,813 2201 Versailles Court 3,629 Hillsboro Heights* Legacy Estates* MacDonald Highlands 1385 Enchanted River Drive 5,224 591 Lairmont Place 10,018 Roma Hills* Seven Hills - Rapallo* Seven Hills - Terracina/Venezia*
REO - Bank Owned Foreclosure
SS - Short Sale
$1,725,000 $690,000 $580,000 $485,000 $670,000 $505,000 $1,550,000
$231 $264 $231 $257 $256 $265 $311
$1,200,000 $825,000
$206 $227
$1,200,000 $4,550,000
$230 $454
HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - JULY UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
109
31
22
8
5.8
$750K-$1M
94
22
14
7
9.7
$1M-$1.5M
112
29
9
8
10.4
$1.5M-$2M
68
13
5
1
12.5
$2M-$2.5M
36
0
2
4
24
$2.5M-$3M
23
4
2
0
18
$3M-$4M
40
6
5
2
15.3
$4M+
65
4
3
4
46
PRICE RANGE $500K-$750K
FOR SALE
*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), 8/1/19. 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
656
62
+0.9% over last month +19.5% over last year Month over Month
-5% over last month -16% over last year Month over Month
July '19
656
July '19
Jun '19
650
Jun '19
Year over Year
65
Year over Year 656
July '19 July '18
62
549
July '19 July '18
62 74
9904 ASPEN KNOLL COURT
#9904AspenKnoll
REGENCY AT THE LAKES | $799,000 3,274 Square Feet | 4 Bedrooms | 3 Bathrooms | Single-Story
304 WINDFAIR COURT
QUEENSRIDGE | $999,000 4,144 Square Feet | 5 Bedrooms | 6 Bathrooms | Single-Story
#304Windfair
9212 TESORAS DRIVE #401
#9212TesorasUnit401
MIRA VILLA | $1,050,000 2,109 Square Feet | 2 Bedrooms | 2 Bathrooms | Condo
15 CROSS RIDGE STREET
THE RIDGES | $1,375,000 3,955 Square Feet | 4 Bedrooms | 5 Bathrooms | Single-Story
#15CrossRidge
2672 BOBOLI COURT
#2672Boboli
SEVEN HILLS TERRACINA | $1,490,000 .61 Acres | Strip, Golf, & City Views | Cul-de-Sac
221 DALMATIAN LANE
RANCHO BEL AIR | $1,100,000 7,115 Square Feet | 8 Bedrooms | 7 Bathrooms | Two Story
#221Dalmatian
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135
2928 COAST LINE COURT
Rob Jensen Company represented the Sellers & the Buyer
robjensenco
robjensen.com
702.605.7480