Rob's Report SUMMERLIN, LAS VEGAS, & HENDERSON
1 D O V E TA I L C I R C L E Q U A I L R I D G E E S TAT E S
$2,500,000 | 7,150 SF 5 Bedrooms, 7 Bathrooms Custom Two-Story
Incomparable privacy and outstanding amenities await at this twostory mansion, constructed with real brick masonry on over half an acre in Quail Ridge Estates—a guard gated Henderson community in Green Valley North. Beyond the expansive horseshoe driveway and gated motor court, discover over 7,000 square feet of luxurious living space, a curated collection of smart home technology, a verdant rear yard with a Pebble Tec pool and spa, and more.
SEPTEMBER 2021
1 D O V E TA I L C I R C L E | Q U A I L R I D G E E S TAT E S Dear Friends, The numbers are in for August, but before you jump to any conclusions, it’s important to go through all of the information to understand how the pieces fit together. There are 233 guard gated homes for sale as of 8/31/21—down 8.3% over July’s inventory (254 homes) and down 48.1% over last August’s inventory (449 homes). Inventory this low means the market will remain competitive for quite some time. As of 8/31/21, there were 129 properties under contract—down from 135 in July (-4.4%) and 159 last August (-18.9%). Lower sales volume like this is not surprising when you consider the decreased inventory; buyers are having a harder time finding what they want. Finally, August saw 104 closed sales compared to 134 in July and 109 in August 2020. On a year-over-year basis, closed sales were down only 5% while inventory was down 48.1%. This means we’re still in a seller’s market and will continue to be for the foreseeable future. Here are some additional factors to keep in mind: • Enhanced unemployment benefits for Nevada ended on 9/4. • Evictions are allowed, but can be protested. If you’d like more information, I recommend looking into Assembly Bill 486, which expires 6/2023, and the CARES Housing Assistance Program (CHAP). I expect all of the above to help the luxury market. The majority of homeowners in guard gated communities are business owners and investors. More people returning to work will benefit many of our clients. If you have any questions—or if you would like to know how much we could sell your home for in this seller’s market—please give us a call. Sincerely,
Rob Jensen Broker / President 702.605.7480 B.143770
Monica Nalbantoglu Director of Sales 702.605.7480 S. 179807
AUGUST 2021
Sold Properties COMMUNITY
ADDRESS
Guard Gated
SF
PRICE
P/SF
3,023
$1,040,000
$344
SUMMERLIN Aventura
9908 Alegria Drive
COMMUNITY
ADDRESS
SF
PRICE
P/SF
8632 Canyon View Drive
5,763
$1,575,000
$273 $195
LAS VEGAS Canyon Gate
10001 Mirada Drive
3,423
$1,250,000
$365
8620 Lakeridge Circle
4,884
$950,000
112 Tesoro Drive
3,023
$1,300,000
$430
9017 Opus Drive
3,029
$1,000,000
$330
Canyon Fairways 9252 Tournament Canyon Dr
5,391
$2,000,000
$371
8717 Robinson Ridge Drive
5,674
$1,150,000
$203
Country Club Hills
1701 Glenview Drive
4,369
$1,490,000
$341
Country Rose Estates
2212 Scarlet Rose Drive
Red Rock Country Club
3338 Dove Run Creek Drive
2,508
$1,035,000
$413
11256 Parleys Cone Court
2,325
$925,000
$398
11501 Timber Mountain Ave
4,421
$1,350,000
$305
11471 Timber Mountain Ave
3,489
$1,255,000
$360
10901 Eastern Redbud Ct
2,506
$1,125,000
$449
Reverence
The Ridges
The Summit
2,934
$720,000
$245
2891 Raywood Ash Drive
3,102
$1,175,000
$379
10970 Red Yucca Drive
2,123
$1,000,000
$471
11261 Watershed Court
4,099
$1,800,000
$439
15 Coralwood Drive
3,776
$2,550,000
$675
6 Garden Shadow Lane
4,172
$1,870,000
$448
57 Hawk Ridge Drive
7,032
$7,500,000 $1,067
32 Midnight Ridge Drive
4,361
$2,525,000
$579
14 Misty Peaks Court
7,747
$3,700,000
$478
4821 Meridian Pass Way
3,505
$7,500,000 $2,140
The Vineyards
1417 French Merlot Court
3,888
$1,295,000
$333
Willow Creek
10879 Eden Ridge Avenue
3,091
$1,190,000
$385
10729 Grey Havens Court
3,535
$830,000
$235
2961 Hammerwood Drive
4,016
$1,250,000
$311
10755 Hobbiton Avenue
3,792
$1,050,000
$277
10776 Penhurst Way
4,016
$1,600,000
$398
One Queensridge 9101 Alta Drive, #507 Place 9101 Alta Drive, #706
2,271
$1,150,000
$506
2,137
$1,099,000
$514
Queensridge
9716 Camden Hills Avenue
3,425
$820,000
$239
904 Granger Farm Way
2,711
$650,000
$240 $276
Southern Highlands
Spanish Trail
9833 Miss Peach Avenue
1,942
$536,000
9321 Queen Charlotte Drive
4,053
$1,330,000
$328
9516 Royal Lamb Drive
3,077
$895,000
$291
9605 Verlaine Court
5,254
$1,659,000
$316
3290 Birchwood Park Circle
3,165
$1,250,000
$395
12047 Oakland Hills Drive
3,703
$1,687,000
$456
64 Olympia Canyon Way
8,684
$4,319,028
$497
69 Olympia Canyon Way
6,350
$2,850,000
$449
14 Pink Dogwood Drive
3,904
$1,300,000
$333 $354
11846 Waterford Castle Ct
2,189
$775,000
43 Gulf Stream Court
4,786
$990,000
$207
12 Princeville Lane
6,415
$1,475,000
$230
Ten Oaks
1700 Silver Oaks Street
5,034
$1,645,000
$327
Tuscan Cliffs
11212 San Terrazo Place
5,891
$3,600,000
$611
HENDERSON Anthem Country Club
No closed sales for the month of August in Bellacere, Corta Bella, Eagle Hills, Eagle Rock, Mountain Trails, The Palisades, Tournament Hills, Regency at the Lakes, Spanish Hills, Ascaya, Legacy Estates and Roma Hills.
The Fountains
8 Anthem Pointe Court
5,439
$1,928,000
$354
18 Bloomfield Hills Drive
7,319
$2,575,000
$352
1 Dry Brook Trail
4,511
$1,835,000
$407 $410
10 Emerald Dunes Circle
1,940
$795,000
22 Feather Sound Drive
3,895
$1,125,000
$289
103 Fountainhead Circle
1,942
$1,150,000
$592
44 Fountainhead Circle
1,792
$669,900
$374
5 Golf Crest Court
3,943
$3,000,000
$761
11 Hunt Valley Trail
1,616
$650,000
$402
31 Isleworth Drive
4,607
$1,575,000
$342
67 Isleworth Drive
3,876
$1,555,000
$401
49 Isleworth Drive
3,085
$1,105,000
$358
6 Marsh Landing Court
3,600
$1,549,000
$430
2254 Buckingham Court
Hillsboro Heights 1890 Fairfield Terrace 187 Harvard Court MacDonald Highlands
3,895
$1,450,000
$372
3,330
$825,000
$248
3,950
$828,000
$210
$1,045,000
$226
1889 Hillsboro Drive
4,628
681 Dragon Peak Drive
9,534
1437 Foothills Village Drive
3,999
$12,250,000 $1,285 $1,150,000
$288
584 River Dee Place
5,587
$2,100,000
$376
1350 Imperia Drive
8,765
$3,000,000
$342
2605 Ragusa Court Seven Hills Terracina/Venezia
5,875
$1,925,000
$328
Seven Hills Rapallo
AUGUST 2021
How's The Market? PRICE RANGE
Guard Gated Sales Statistics
FOR SALE
UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
$500K-$749K
10
18
22
0
1.3
$750K-$999K
29
28
21
2
2.0
$1M-$1.49M
41
26
33
2
2.2
$1.5M-$1.99M
32
16
13
1
3.4
$2M-$2.49M
19
8
3
4
4.2
$2.5M-$2.99M
11
8
4
0
4.8
$3M-$3.99M
26
15
4
2
6.3
$4M+
65
10
4
4
10.0
*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), 8/31/21. 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 AUG 2021 OVER JUL '21
JUL 2021 OVER AUG '20
AUG 2020
Monthly & Yearly
104
CLOSED SALES AUGUST '21
129
UNDER CONTRACT 08/31/21
233
ACTIVE LISTINGS 08/31/21
-22%
-4.4%
-8.3%
134
135
254
CLOSED SALES J U LY ' 2 1
-5%
109
CLOSED SALES AUGUST '20
UNDER CONTRACT 07/31/21
-18.9%
159
UNDER CONTRACT 08/31/20
ACTIVE LISTINGS 07/31/21
-48.1%
449
ACTIVE LISTINGS 08/31/20
3093 RED ARROW DRIVE R E D R O C K C O U N T RY C L U B $5,250,000 | 8,724 SF 5 Bedrooms, 6 Bathrooms Custom Two-Story
A lifestyle like no other awaits at this custom two-story mansion in the 24-hour guard gated community of Red Rock Country Club. Safely tucked behind a secondary gate in The Estates, this property boasts breathtaking views of the nearby mountains, the 14th tee of the private Mountain golf course, double fairways, and a cascading waterfall feature. Beyond the hedge-lined drive and custom-cast facade, discover incredible spaces: a grand foyer and living room with 25’ ceilings, a true entertainer’s kitchen, a game room that opens to the pool deck, and an immaculate owner’s suite. Optional club member amenities include a fitness center, 9 tennis courts, 3 swimming pools, a complete spa facility, and more. Inventory is shrinking, so call us today while this opportunity is still available.
1 7 8 6 A M A R O N E WAY ROMA HILLS $1,700,000 | 5,442 SF 4 Bedrooms, 5 Bathrooms Custom Two-Story
Mountain views and unrivaled serenity await at this custom two-story home—built on a .29-acre lot in Roma Hills, a 24-hour guard gated community located in the quiet foothills of Green Valley. Chiseled travertine tile, stacked stone, and wrought iron details define this property’s timeless Old World aesthetic. Greet your guests beneath 22’ ceilings in the foyer and welcome them to over 5,400 square feet of luxury living and entertaining space—plus a spacious rear yard with a pool and spa, backdropped by a tranquil hillside.
1 1 1 6 0 E M O RY O A K D R I V E REVERENCE $1,750,000 | 4,273 SF 5 Bedrooms, 5 Bathrooms Two-Story
This modern two-story home presents stunning mountain views in Reverence—an esteemed, guard gated, Summerlin community developed exclusively by Pulte Homes. Modern finishes include transitional window shades, 27” porcelain tile, and quartz countertops, but it is Reverence’s elevated lifestyle that truly sets this property apart. The community’s 16,000-square-foot indoor/outdoor Clubhouse features a state-of-the-art fitness center, an aerobics room, an event lawn, pickleball courts, a lap pool, and a resort-style, beach-entry pool with cabanas. Reverence presents inspiration and adventure in every direction.
JUST SOLD
11690 EVERGREEN CREEK LANE RED ROCK COUNTRY CLUB
$2,579,000
JUST SOLD
10729 GREY HAVENS COURT WILLOW CREEK
robjensenco
robjensenco
10785 W. Twain Avenue, Suite 110, Las Vegas, NV 89135 | robjensen.com | 702.605.7480
$830,000