Rob's Report SUMMERLIN, LAS VEGAS, & HENDERSON
1353 ENCHANTED RIVER DRIVE MACDONALD HIGHLANDS
$1,899,000 | 5,224 SF 5 Bedrooms, 7 Bathrooms Semi-Custom Two-Story
Discover the pinnacle of family comfort at this semi-custom twostory estate, built on a 1/3-acre corner lot in the guard-gated community of MacDonald Highlands. Wrapped around a driveway with a remote-controlled gate and limestone courtyard—and serviced by multiple balconies and French doors—this Toll Brothers home was built to the highest standards with $500,000 in original upgrades. Highlights include an entertainer’s kitchen, private guest quarters, and a stunning rear yard with a pool, spa, and tiki bar.
JUNE 2022
M AY 2 0 2 2
Sold Properties COMMUNITY
ADDRESS
Guard-Gated
SF
PRICE
P/SF
SUMMERLIN
1353 ENCHANTED RIVER DRIVE | MACDONALD HIGHLANDS
P/SF
3,029
$1,020,000
$337
LAS VEGAS $1,200,000
$397
Canyon Gate
Corta Bella
8801 Lusso Court
4,034
$1,319,000
$327
$1,525,000
$492
3,206
$1,390,000
$434
One Queensridge 9101 Alta Drive, #304 Place 9103 Alta Drive, #304
3,100
8840 Montagna Drive
3,100
$1,800,000
$581
Country Rose Estates
9713 Cameo Rose Lane
2,934
$915,000
$312
9103 Alta Drive, #804
3,100
$1,800,000
$581
Eagle Hills
1901 Red Robin Court
5,173
$2,900,000
$561
9103 Alta Drive, #807
2,271
$1,125,000
$495
Eagle Rock
9705 Plateau Heights Place
3,556
$1,610,000
$453
9813 Miss Peach Avenue
2,859
$720,000
$252
The Palisades
213 Royal Aberdeen Way
6,497
$2,250,000
$346
9801 Orient Express Court
11,405
$5,350,000
$469
Red Rock Country Club
2045 Alcova Ridge Drive
5,037
$2,285,000
$454
11761 Canons Brook Drive
2,742
$1,012,500
$369
1982 Country Cove Court
4,107
$1,700,000
$414
3863 Glasgow Green Drive
5,114
$2,300,000
$450
3338 Dove Run Creek Drive
2,508
$1,550,000
$618
10 Grand Masters Drive
3,940
$2,100,000
$533
11635 Evergreen Creek Lane
5,209
$2,625,000
$504
24 Vintage Canyon Street
4,429
$2,360,000
$533
11447 Morning Grove Drive
6,368
$3,300,000
$518
11938 Whitehills Street
4,236
$1,500,000
$354
11558 Morning Grove Drive
5,037
$2,375,000
$472
4975 Mountain Creek Drive
7,114
$2,650,000
$373
3080 Red Springs Drive
3,823
$2,400,000
$628
11359 Winter Cottage Place
3,579
$1,620,000
$453
Reverence
2670 Natural Rock Drive
4,099
$2,000,000
$488
The Ridges
4222 Bronze Ridge Street
4,888
$3,920,000
$802
4221 Garnet Hills Court
3,798
$4,000,000 $1,053
93 Glade Hollow Drive
3,797
$2,850,000
$751
11280 Granite Ridge Dr, #1096
2,414
$1,210,000
$501
68 Grey Feather Drive
3,562
$2,499,000
$702
84 Tapadero Lane
3,955
$2,499,000
$632
The Vineyards
1309 Reisling Court
3,800
$2,120,000
$558
Willow Creek
10828 Ickworth Court
4,016
$1,900,000
$473
10912 Keymar Drive
3,091
$1,400,000
$453
Queensridge
Southern Highlands
Spanish Hills
9001 Robinson Ridge Drive
Spanish Trail
24 Princeville Lane
4,247
$1,300,000
$306
Ten Oaks
7413 Doe Avenue
4,549
$1,685,000
$370
Tuscan Cliffs
11351 Lago Augustine Way
3,360
$1,300,000
$387
4291 San Alivia Court
5,838
$4,700,000
$805
4094 San Franchesca Court
4,786
$1,900,000
$397
37 Feather Sound Drive
2,875
$1,100,000
$383
HENDERSON Anthem Country Club
The Fountains
9 Greely Club Trail
6,451
$3,420,000
$530
15 Levan Hills Trail
2,614
$1,200,000
$459
11 Sankaty Circle
4,812
$2,400,000
$499
12 Winding Road
3,449
$1,250,000
$362
2258 Buckingham Court
4,660
$1,475,000
$317
2227 Versailles Court
4,350
$1,300,000
$299
$1,027,500
$255
Hillsboro Heights 188 Courtney Ann Drive MacDonald Highlands
Sincerely, Roma Hills
Monica Nalbantoglu Director of Sales 702.605.7480 monica@robjensen.com S. 179807
PRICE
3,023
The Absorption Rate/Inventory graph shows that guard-gated homes priced $500,000 to $1,500,000 and $2,000,000 to $2,500,000 make up the strongest market segments for sellers—with a general supply of three months. However, the market is still favorable for homes at all price points. If you’re ready to sell, we’re here to help.
Rob Jensen Broker / President 702.605.7480 rob@robjensen.com B.143770
SF
10000 Mirada Drive
I'd like to start this month's publisher letter talking about free money. If you were eligible for a PPP loan, you may have more relief coming your way in the form of the Employee Retention Credit. This information will be extremely beneficial for those who can use it. Our friend Krystal can run the numbers for you and file for the credit with the IRS while you keep your regular CPA. Just call Krystal Walford at 702.255.2330 to get started.
In May, guard-gated single-family home inventory was up month-over-month and year-over-year, while closed sales were down. However, when you look at homes priced over $1,000,000 (including properties outside of guard-gated communities), there were 162 closed sales in May 2022 compared to 140 in May 2021. Overall, sales are actually still up in the luxury market.
ADDRESS
Aventura
Dear Friends,
Now for the question on everyone’s mind: Is the real estate market headed toward a crash? We don’t have a crystal ball, but in our professional opinion, selling conditions for homeowners will be more favorable this year than next. Along with record-low interest rates, there were trillions of stimulus dollars created in the last two years—rocket fuel that has propelled Las Vegas home prices to new heights. However, stimulus payments and Fed bond buying are winding down. Interest rates for a 30-year mortgage, which managed to break below 3%, are now over 5% in most cases and are poised to go even higher this year. The rocket fuel is running out, but the city is still a favorable place to live, particularly for Californians because we have lower real estate prices and no state tax. If you’ve been thinking about selling, we recommend that you do it this year.
COMMUNITY
No closed sales for the month of May in Bellacere, Canyon Fairways, Country Club Hills, Mesa Ridge, Mountain Trails, The Summit Club, Tournament Hills, Regency at the Lakes, Ascaya, Legacy Estates, and Seven Hills - Rapallo
4,022
720 Dragon Peak Drive
10,460
$14,600,000 $1,396
1198 MacDonald Ranch Dr
23,554
$10,750,000
$456
1455 MacDonald Ranch Dr
7,500
$2,500,000
$333
1315 Quiet River Avenue
6,088
$2,400,000
$394
483 Serenity Point Drive
3,028
$2,200,000
$727
450 Tranquil Peak Court
3,034
$1,459,177
$481
454 Tranquil Peak Court
2,272
$813,491
$358
1784 Diamond Rim Court
5,768
$4,750,000
$824
766 Lanni Court
5,554
$2,389,000
$430
4,745
$1,850,000
$390
Seven Hills 2582 Mirabella Street Terracina/Venezia
M AY 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
24
10
18
1
2.5
$750K-$999K
32
17
12
1
3.0
$1M-$1.49M
48
19
26
2
2.7
$1.5M-$1.99M
43
19
11
0
4.8
$2M-$2.49M
37
13
15
0
3.1
$2.5M-$2.99M
23
8
5
2
5.2
$3M-$3.99M
33
14
3
1
10.4
$4M+
74
15
6
2
9.9
*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), 05/31/22. 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 MAY 2022
Monthly & Yearly
ACTIVE LISTINGS
UNDER CONTRACT
CLOSED SALES
314
115
96
05/31/22
05/31/22
M AY ' 2 2
OVER APR '22
+38.9%
-14.8%
-13.5%
O V E R M AY ' 2 1
+57.8%
-34.7%
-37.3%
APR 2022
226 04/30/22
135 04/30/22
111
MAY 2021
199
176
153
05/31/21
05/31/21
APRIL '22
M AY ' 2 1
5237 IRON RIVER COURT MESA RIDGE $2,499,000 | 4,557 SF 4 Bedrooms, 5 Bathrooms Two-Story
A fresh start for you and your family awaits at this two-story home in Mesa Ridge, a guard-gated community located in The Mesa Village of Summerlin. Residents enjoy exclusive access to a wealth of community amenities, including a resort-style pool, fire pits, outdoor kitchen, social lounge, bocce court, fitness center, playground, and community center. Completed by Toll Brothers in 2021, this brandnew home features an open floor plan for entertaining, modern architectural details, and an unfinished yard ready to be customized for your unique lifestyle.
2 6 2 4 S E T T L E R S B AY L A N E SUN CITY SUMMERLIN $699,900 | 1,843 SF 2 Bedrooms, 2 Bathrooms Single-Story
Open-plan living and Strip views await at this single-story home, built on an elevated corner lot in the age-qualified community of Sun City Summerlin—where one occupant in each residence must be age 55 or older. Recently renovated, this home boasts new flooring, updated countertops, fresh paint, and more. This well-established neighborhood features tree-lined streets, great shopping, top-notch restaurants, and award-winning resorts, casinos, and spas. Other nearby amenities include recreation facilities, four fitness centers, an olympic-sized pool, three 18-hole golf courses, and extensive green belt areas.
8 HIDDEN HEIGHTS COURT A S C AYA $3,500,000 | 1.00 Acre Custom Home Site
Boasting direct, panoramic views of the Las Vegas Strip and no side neighbors, this private 1-acre lot is one of the last of its kind available in the 24-hour guard-gated community of Ascaya. Elevated 26’ above the homesite below (which has a building height restriction of 22’), this homesite enjoys breathtaking city views that will remain both permanent and unobstructed. Complete architectural plans are available for a modern single-story home designed for the site by Greg Moore Design, a respected architect with multiple builds in Ascaya.
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, Rebecca Ryan robjensenco
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