Rob's Report SUMMERLIN, LAS VEGAS, & HENDERSON
11447 MORNING GROVE DRIVE R E D R O C K C O U N T RY C L U B
$3,498,000 | 6,368 SF 5 Bedrooms, 6 Bathrooms
Discover breathtaking mountain, golf course, and Las Vegas Strip views in the 24-hour guard-gated community of Red Rock Country Club. Securely located behind a secondary gate in The Vistas and built on an elevated lot overlooking the 7th hole of the Arroyo golf course, this stunning property enjoys an added level of privacy with single-story neighbors on both sides. Two upper-level suites have been added to the original design, so you can enjoy extra space and elevated views—all while maintaining a single-story, indoor/outdoor lifestyle. Additional highlights include a generous pool and zeroedge spa, a Tesla charger in the garage, and plenty of smart home capabilities.
MARCH 2022
F E B R U A RY 2 0 2 2
Sold Properties COMMUNITY
ADDRESS
Guard-Gated
SF
PRICE
P/SF
3,372
$1,242,900
$369
SUMMERLIN Aventura
113 Tesoro Drive
Canyon Fairways 801 Canyon Greens Drive
1 1 4 4 7 M O R N I N G G R O V E D R I V E | R E D R O C K C O U N T RY C L U B
properties listed as “Coming Soon” with one photo are selling before becoming “Active” in the MLS. It’s not surprising that
$370
9044 Opus Drive
3,029
$915,000
$302
8805 Robinson Ridge Drive
4,234
$1,180,000
$279
Country Rose Estates
2108 Timber Rose Drive
2,289
$675,000
$295
2308 Timberline Way
2,747
$1,050,000
$382
Eagle Rock
416 Proud Eagle Lane
3,666
$1,035,000
$282
309 Covent Garden Court
3,435
$1,250,000
$364
Mesa Ridge
5293 Fading Sunset Drive
4,725
$2,875,000
$608
9824 Miss Peach Avenue
2,859
$725,000
$254
Red Rock Country Club
1946 Alcova Ridge Drive
3,424
$1,100,000
$321
304 Queens Gate Court
4,693
$1,200,000
$256
2006 Country Cove Court
4,107
$1,825,000
$444
3143 Elk Clover Street
4,287
$2,199,000
$513
11454 Glowing Sunset Lane
3,655
$1,620,000
$443
11548 Snow Creek Avenue
2,325
$1,750,000
$753
2922 Soft Horizon Way
3,455
$1,150,000
$333
2651 Orange Sky Lane
2,852
$1,495,000
$524
2960 Reverence Heights Ln
5,016
$1,665,000
$332
3071 The Peaks Lane
3,703
$2,250,000
$608
70 Hawk Ridge Drive
5,856
$4,000,000
$683
57 Pristine Glen Street
4,172
$1,875,000
$449
55 Promontory Ridge Drive
8,388
$5,850,000
$697
Reverence
4 Soaring Bird Court
11,211
$12,500,000 $1,115
The Summit Club 11665 Summit Club Dr, #202
3,870
$10,500,000 $2,713
Willow Creek
3015 Lullingstone Street
4,016
$1,350,000
$336
10788 Rivendell Avenue
3,792
$1,000,000
$264
Queensridge
Southern Highlands
Tuscan Cliffs
Anthem Country Club
have a single image to look at? These are lost opportunities. Photos, 3D tours, and property videos should all be complete before a property shows up in the MLS. This is the only way to drive the highest amount of interest in your home, ultimately netting you the best price and terms (which may include a free leaseback while you find a place to move). We get it; when sellers call us, they usually want their home sold yesterday. However, false starts are costly.
The Fountains
At the Rob Jensen Company, we know how to get it right and put a big smile on your face. Please give us a call and let us
MacDonald Highlands
know what we can do for you. Sincerely,
9609 Royal Lamb Drive
3,417
$780,000
$228
3523 Alpine Lily Drive
4,106
$2,125,000
$518
61 Grand Masters Drive
3,904
$1,300,000
$333
12047 Oakland Hills Drive
3,703
$2,000,000
$540
23 Olympia Canyon Way
6,548
$3,600,000
$550
28 Olympia Chase Drive
6,250
$3,250,000
$520
11806 Weybrook Park Drive
2,172
$923,000
$425
4085 San Franchesca Court
5,609
$2,095,000
$374
22 Anthem Pointe Court (SS)
8,414
$1,750,000
$208
HENDERSON
idea how nice the home is because there are limited, poor-quality pictures? What about the out-of-state buyers who only
Monica Nalbantoglu Director of Sales 702.605.7480 S. 179807
$1,060,000
$331
highly motivated buyers make appointments to see homes like this immediately, but what about the buyers who have no
Rob Jensen Broker / President 702.605.7480 B.143770
2,865
$434
rates are expected to rise throughout 2022, which will lead to the market softening a bit. Remember, supply and demand
Given the strength of the market, we’re seeing many situations where sellers are leaving money on the table. For example,
2208 Glenbrook Way
LAS VEGAS Canyon Gate
$3,300,000
Even with the slowdown, we expect to see appreciation in 2022 due to the fact that inventory will remain low. Interest
buyers choosing to get a mortgage, therefore lowering demand.
P/SF
$1,910,000
The Ridges
influence pricing. Low supply is unlikely to change much, but rising interest rates will lower the purchasing power of the
PRICE
7,605
the last year. Yes, inventory is still low, but now prices are substantially higher, and many homeowners are continuing to push the envelope with unrealistic pricing.
SF
5,766
Recent data shows that the market is cooling off. In February 2021, there were 178 guard-gated homes for sale compared 38.2%—from 220 in 2021 to 136 in 2022. This can be attributed to the double-digit gains in appreciation we’ve seen over
ADDRESS
9260 Tournament Canyon Dr
Dear Friends,
to 170 in February 2022, a decrease of only 4.5%. However, the number of pending sales at the end of February was down
COMMUNITY
31 Braelinn Drive
1,833
$750,000
$409
44 Brandermill Drive
2,076
$867,000
$418
11 Douglas Grove Road
2,614
$866,000
$331
11 Emerald Dunes Circle
2,072
$825,000
$398
110 Emerald Dunes Circle
1,889
$760,000
$402
16 Emerald Dunes Circle
2,072
$735,000
$355
3 Fountainhead Circle
2,043
$755,000
$370
11 Holly Tree Court
3,592
$1,350,000
$376
19 Isleworth Drive
3,942
$1,650,000
$419
59 Isleworth Drive
4,127
$1,600,000
$388
15 Knob Oak Drive
3,085
$1,780,000
$577
25 Stonemark Drive
2,600
$900,000
$346
2333 Prometheus Court
7,064
$2,075,000
$294
2271 Trafalgar Court
5,632
$1,650,000
$293
573 Lairmont Place
6,000
$3,718,270
$620
663 Palisade Rim Drive
4,999
$4,000,000
$800
442 Serenity Point Drive
3,340
$1,795,000
$537
387 Solitude Peak Lane
3,024
$2,800,000
$926
394 Tranquil Peak Court
3,034
$1,550,000
$511
3,593
$1,475,000
$411
Seven Hills 1375 Opal Valley Street Terracina/Venezia No closed sales for the month of February in Bellacere, Corta Bella, Country Club Hills, Eagle Hills, Mountain Trails, The Palisades, Tournament Hills, The Vineyards, One Queensridge Place, Regency at the Lakes, Spanish Hills, Spanish Trail, Ten Oaks, Ascaya, Hillsboro Heights, Legacy Estates, Roma Hills, and Seven Hills - Rapallo
F E B R U A RY 2 0 2 2
How's The Market? PRICE RANGE
Guard-Gated Sales Statistics
FOR SALE
UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
$500K-$749K
10
11
17
0
1.1
$750K-$999K
15
27
24
0
2.3
$1M-$1.49M
24
31
21
0
2.7
$1.5M-$1.99M
20
12
13
0
3.0
$2M-$2.49M
22
20
7
1
6.5
$2.5M-$2.99M
12
5
2
0
5.7
$3M-$3.99M
13
12
4
1
7.1
$4M+
54
18
5
1
10.3
*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), 2/28/22. 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
UNDER CONTRACT
CLOSED SALES
170
136
93
OVER JAN '22
+4.3%
-4.2%
+9%
OVER FEB '21
-4.5%
-38.2%
-24%
FEB 2022
2/28/22
2/28/22
F E B R U A RY ' 2 2
JAN 2022
163 1/31/22
142 1/31/22
J A N U A RY ' 2 2
FEB 2021
178
220
122
2/28/21
2/28/21
85
F E B R U A RY ' 2 1
11447 MORNING GROVE DRIVE
8 1 0 5 M E A N T M O R E AV E N U E C A S T L E G AT E $998,000 | 3,130 SF 3 Bedrooms, 3 Bathrooms Single-Story
Welcome home! This single-story home is located in Castlegate, a quiet gated community in Las Vegas. Boasting a south-facing yard enveloped by fruit trees, this property enjoys exceptional privacy and all-day sunshine—whether you’re swimming in the pool, lounging on the lawn, or picking peaches, apricots, grapefruits, and oranges. Located just a few miles east of Downtown Summerlin, this community is close to everything Summerlin has to offer. Multiple dining and retail shopping options are located 10 minutes away at Boca Park and Tivoli Village.
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 702.605.7480 | robjensen.com
We’re the only real estate brokerage in Las Vegas that focuses exclusively on guard-gated communities. And, just like these special places, we offer a higher level of service and protection. Because our discerning clients deserve it. We’re able to offer this because our team is uniquely comprised of full-time, salaried professionals — all collaborating and proactively staying on top of every detail in the transaction. And all to deliver a client experience that’s more honest, more dependable, and all-around more enjoyable.
Your guide through the gates. From left to right: Matina Wyrick, Stacey Short, Monica Nalbantoglu, Mindy Walker, Rob Jensen, Dylan Edwards, Kyle Zabelny, Andy Gorman, Max Fox robjensenco
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