A modern lifestyle awaits at this custom, renovated two-story home in Willow Falls, a gated subdivision of Willow Creek. This 24-hour guardgated community is located among some of the best schools, parks, shopping, and golf courses that Summerlin has to offer. Built on a .34acre cul-de-sac lot, this property showcases a spacious interior with upgraded lighting, modern tile flooring, and high-end countertops—plus an expansive backyard with a pool, spa, outdoor kitchen, and more.
10979 WILLOW HEIGHTS DRIVE GUARD-GATED | SUMMERLIN | WILLOW CREEK $2,250,000 | 4,425 SF | 5 BEDROOMS | 6 BATHROOMS OCTOBER 2022 SUMMERLIN, LAS VEGAS, & HENDERSON Rob's Report
Dear Friends,
As we wait to see how the real estate market will unfold, we’re here to report the facts and give you guidance. In September, closed sales were up 24.5% over August and 53.5% over July. Closings usually taper off before the holiday season, but many sellers have been making price adjustments, which is bringing buyers back to the table despite higher interest rates. Last month, there were 144 price reductions on 112 properties, meaning that a quarter of the guard-gated homes for sale had a price reduction—and some had more than one.
Over the last several years, the market has been split about 50/50 between cash and loan buyers. Deals for cash buyers are better right now, but buyers getting a loan still have the option of a 5, 7, or even a 10/1 ARM (adjustable-rate mortgage) with regular principal and interest payments amortized over 30 years. These loans typically offer about a 1% lower interest rate, a popular option for those getting a jumbo loan. Many of these borrowers figure they will either move by the time the rate adjusts or refinance if rates drop.
While the price ranges of $1,500,000-$1,999,999 and $3,000,000+ are trending toward a buyer’s market, many price ranges are showing a more stable absorption rate of 6 months or slightly over. This doesn’t mean that all is well. Absorption rate is a rough measure of supply and doesn’t take into account the differences among properties, such as views, renovations, etc.
Did you know that San Francisco and Seattle have the highest share of residents planning to move to another city? If you are looking to sell, we know how to strategically market your home to these potential buyers. Give us a call if you'd like to put our marketing expertise to use.
Sincerely,
Rob Jensen Broker / Owner 702.605.7480 rob@robjensen.com B.143770
Sold Properties
GUARD-GATED
COMMUNITY ADDRESS SF PRICE P/SF SUMMERLIN
Canyon Fairways 9312 Canyon Classic Drive 4,019 $2,600,000 $647
Eagle Rock 9500 Rocky Cliff Place 3,975 $1,206,000 $303
Mesa Ridge 5174 Peak Climb Drive 4,166 $3,300,095 $792
10974 Sanctuary Cove Ct 3,629 $2,500,000 $689 10932 White Clay Drive 3,465 $2,500,000 $722
Red Rock Country Club 2055 Alcova Ridge Drive 5,224 $1,887,000 $361 2122 Country Cove Court 3,739 $1,350,000 $361 11668 Glowing Sunset Ln 2,628 $1,600,000 $609 11687 Glowing Sunset Ln 3,489 $1,530,000 $439 3093 Red Arrow Drive 8,724 $4,000,000 $459 2982 Soft Horizon Way 2,508 $900,000 $359
Reverence 3120 The Peaks Lane 4,830 $1,880,000 $389
The Ridges 11280 Granite Ridge Dr, #1019 2,414 $1,090,000 $452 11280 Granite Ridge Dr, #1069 3,211 $1,300,000 $405 16 Hawkeye Lane $3,077,942 5 Olive Ridge Drive 4,172 $2,500,000 $599 39 Panorama Crest Ave 4,173 $2,900,000 $695
Tournament Hills 1429 Iron Hills Lane 6,143 $2,100,000 $342
The Vineyards 1412 French Merlot Court 3,888 $1,890,000 $486 Willow Creek 10710 Hobbiton Avenue 3,792 $1,380,000 $364
No closed sales for the month of September in Aventura, Bellacere, Corta Bella, Country Club Hills, Country Rose Estates, Eagle Hills, Mountain Trails, The Palisades, The Summit Club, Regency at the Lakes, Spanish Hills, Spanish Trail, Tuscan Cliffs, Ascaya, Hillsboro Heights, Legacy Estates, Roma Hills, and Seven Hills - Rapallo.
COMMUNITY ADDRESS SF PRICE P/SF LAS VEGAS
Canyon Gate 9004 Opus Drive 3,119 $1,275,000 $409
8753 Rainbow Ridge Drive 3,146 $945,000 $300
One Queensridge Place 9103 Alta Drive, #203 2,638 $1,075,000 $408
Queensridge 1009 Windfair Village St 2,901 $890,000 $307
Southern Highlands 3254 Birchwood Park Cir 2,172 $700,000 $322
6 Greenside Drive 10,117 $3,625,000 $358
Ten Oaks 7408 Oak Grove Avenue 5,068 $1,357,000 $268
HENDERSON
Anthem Country Club
5 Desert Highlands Drive 3,216 $1,080,000 $336
60 Fountainhead Circle 2,513 $1,075,000 $428
52 Fountainhead Circle 1,613 $799,000 $495
30 Hassayampa Trail 4,282 $2,100,000 $490
18 La Crosse Court 5,624 $2,070,000 $368
26 Plum Hollow Drive 3,789 $1,275,000 $337
11 Stonemark Drive 3,848 $1,137,500 $296
The Fountains 2204 Versailles Court 4,625 $1,200,000 $259
MacDonald Highlands 1729 Choice Hills Drive 2,968 $1,250,000 $421
1500 Dragon Glen Drive 4,688 $3,279,998 $700
1425 Foothills Village Dr 3,999 $1,300,000 $325
1474 Reims Drive 7,998 $5,250,000 $656
439 Tranquil Peak Court 3,028 $2,225,000 $735
Seven HillsTerracina/Venezia
1362 Opal Valley Street 6,941 $2,832,500 $408
2686 Ponte Vecchio Ter 6,690 $2,790,000 $417
Monica Nalbantoglu Director of Sales
702.605.7480 monica@robjensen.com S.179807
GUARD-GATED | SUMMERLIN | WILLOW CREEK
10979
WILLOW HEIGHTS DRIVE
SEPTEMBER 2022
Dindy Roa
|
Senior Escrow
Officer Annie
Sawyer Escrow Officer
Proud to partner with For more information call - 702-442-1150
SEP 2021 AUG 2022 OVER SEP '21 OVER AUG '22 SEP 2022 SEPTEMBER '21 97 AUGUST '22 53 -32% +24.5% SEPTEMBER '22 66 CLOSED SALES 9/30/21 126 8/31/22 96 -29.4% -7.3% 9/30/22 89 UNDER CONTRACT 9/30/21 268 8/31/22 441 +68.3% +2.3% 9/30/22 451 ACTIVE LISTINGS MONTHLY & YEARLYMarket Trends *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), 9/30/22. 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. PRICE RANGE FOR SALE UNDER CONTRACT SOLD EXPIRED ABS* RATE (MONTHS) $500K-$749K 41 14 10 2 7.3 $750K-$999K 57 7 15 3 6.4 $1M-$1.49M 102 13 18 5 7.0 $1.5M-$1.99M 60 19 5 4 12.2 $2M-$2.49M 52 5 4 4 7.6 $2.5M-$2.99M 28 7 8 1 6.4 $3M-$3.99M 33 9 4 4 10.5 $4M+ 78 15 2 4 46.5 GUARD-GATED SALES STATSHow's the Market? SEPTEMBER 2022
776 BOLLE WAY
5083 MOUNTAIN FOLIAGE DRIVE
Discover panoramic mountain views at this custom two-story estate, built on a cul-de-sac lot in Roma Hills—a 24-hour guard-gated community located in the quiet foothills of Green Valley. Beyond the expansive driveway and brick facade, the European-inspired interior showcases stunning crystal chandeliers, polished stone flooring, Ionic columns, and plenty of French doors for indoor/outdoor living. In the backyard, you can lounge on the covered patio, barbecue on the built-in grill, or simply enjoy the PebbleTec pool and spa with waterfall features and a waterslide.
This is your opportunity to own a single-story home in Spanish Hills, one of the most exclusive guard-gated communities in Las Vegas. Boasting 12’ ceilings, multiple exits, and a gorgeous backyard with a pool and spa, this home was designed to provide a comfortable indoor/ outdoor lifestyle. Residents enjoy 24-hour security and exclusive access to a community park with a pair of lighted tennis courts. Less than half a mile from the 215 freeway, Spanish Hills is within 15 minutes of the Las Vegas Strip, Harry Reid International Airport, Red Rock Canyon, and all the shopping, dining, and entertainment that Summerlin has to offer.
8813 GREENSBORO LANE
Discover a high standard of living at this custom single-story home in Tournament Hills, an exclusive guard-gated community in Summerlin. Recent renovations include fresh interior paint, a resurfaced driveway, and repainted patios. This property showcases a private backyard shaded by mature trees, complete with two covered patios and an L-shaped pool that wraps around the corner of the house. Community amenities include two tennis courts, a playground, a basketball court, and a shaded picnic pavilion. Summerlin Parkway is also nearby,
residents quick access all the amazing shopping, dining, and entertainment the Las Vegas Valley has to offer.
giving
GUARD-GATED | SUMMERLIN | TOURNAMENT HILLS $1,850,000 | 4,008 SF | 4 BEDROOMS | 5 BATHROOMS
GUARD-GATED | HENDERSON | ROMA HILLS $2,850,000 | 6,918 SF 5 BEDROOMS | 8 BATHROOMS
GUARD-GATED | LAS VEGAS | SPANISH HILLS $1,690,000 | 4,245 SF 3 BEDROOMS | 4 BATHROOMS
Low-maintenance living meets luxury design at this highly upgraded condo in Fairway Hills, the only condominium community in The Ridges. This premier guard-gated community houses the city’s elite and is situated within minutes of Summerlin’s best schools, shopping, and dining. Completed by Toll Brothers in 2019 and upgraded to the highest standards, Unit 1102 showcases maple cabinetry, engineered hardwood flooring, custom lighting by Hubbardton Forge, hand-troweled walls, and much more! Located on the second level, in one of the six buildings with only two units, this property enjoys an added level of privacy—plus multiple balconies and an extended driveway.
11280 GRANITE RIDGE DRIVE, #1102 GUARD-GATED | SUMMERLIN | THE RIDGES $1,750,000 | 2,418 SF | 3 BEDROOMS | 3 BATHROOMS
W. Twain Avenue, Suite 110, Las Vegas, NV 89135 702.605.7482 | robjensen.com
For over nine years, my team at the Rob Jensen Company has been the only real estate brokerage in Las Vegas that focuses exclusively on guard-gated communities. Our mission has always been to offer a higher level of service and protection, which is why today’s announcement is so exciting!
What changed? To better represent you — and the luxury properties and communities you call home — we have taken on a new visual identity at the Rob Jensen Company. This investment in our brand is part of an ongoing commitment to creating the best marketing possible, both online and in print. We believe that the quality of our marketing should meet or exceed the quality of the property, which is why we hired the best creative branding agency in the real estate industry to update our logo, signage, and more.
What does the new logo mean? Our new logo was built upon the foundations of our mantra: “Your guide through the gates.” The focal point is a dynamic icon: gates that represent movement and openness to impart a sense of confidence and energy into our brand identity. We don’t see gates as a barrier, but as a gateway to your journey.
What now? When you’re ready to begin your next journey — whether that means buying or selling in one of the many guard-gated communities we represent — we’ll be here to guide you.
