Rob's Report - December 2022

Rob's

SUMMERLIN, LAS VEGAS, & HENDERSON

The epitome of modern living awaits at this new custom home—located in the 24-hour guard-gated community of Southern Highlands Golf Club and securely tucked behind a secondary gate in Vintage Valley. Beyond the immense driveway and oversized pivot door, discover a sublime indoor/outdoor lifestyle and breathtaking views of the nearby mountains provided by multiple balconies and disappearing pocket doors. Highlights of this incredible property include a great room with 25’ ceilings, a 180-bottle glass wine cellar, a home theater, and a resortstyle pool and spa.

Sold Properties

Happy Holidays!

As the year comes to an end, it’s amazing to reflect on what a ride it has been! Following the historic, white-hot market of 2021, this year started off with plenty of heat. However, the market quickly fizzled out when the Federal Reserve threw a bucket of cold water on it by raising interest rates. Inventory in November was up 86.7% over last year while closed sales were down 41%.

If you reference our Absorption Rate chart in the Market Trends section of this newsletter, you’ll see that all price ranges except one are showing a supply of homes greater than six months, which means that Las Vegas is continuing to lean toward a buyer’s market. The higher the supply, the more prices will come down in each respective category. We’re seeing more and more price reductions these days; there were 98 in November alone.

In case you missed what we’ve been up to this year, we’ve been having a great time interviewing guests on our new YouTube show and podcast, elevate. Our goal with this show is to entertain and inform our listeners on a range of topics—from wealth and finance to luxury goods and lifestyles.

In our most recent episode, we talked about luxury yacht charters and boutique tequila with John Henner, a Las Vegas entrepreneur who does business in both. We had a lot of fun hearing his stories and learning from his expertise. You can enjoy the full show on YouTube—or listen to it on the go using Apple Podcasts or Google Podcasts.

Sincerely,

Rob Jensen

Broker / Owner

702.605.7480 rob@robjensen.com B.143770

GUARD-GATED

COMMUNITY ADDRESS SF PRICE P/SF

SUMMERLIN

Country Club Hills 9057 Waterfield Court 4,950 $1,985,000 $401

Country Rose Estates 2236 Timber Rose Drive 3,573 $799,000 $224

Mountain Trails 9901 Glenrock Drive 6,729 $4,200,000 $624

Red Rock Country Club 11290 Parleys Cone Court 2,325 $975,000 $419

Reverence 3006 Dusky Willow Lane 2,292 $1,275,000 $556 2910 Full Lotus Drive 2,430 $1,095,000 $451

3070 Mount Oak Court 2,123 $900,000 $424 2720 Nevada Agave Lane 4,273 $1,725,000 $404 2691 Nevada Agave Lane 2,852 $1,275,000 $447 11250 Torch Cactus Drive 5,318 $1,750,000 $329

The Ridges 4211 Bronze Ridge Street 4,888 $3,450,000 $706

46 Coralwood Drive 4,888 $3,150,000 $644 11493 Opal Springs Way 5,047 $3,500,000 $693

28 Quiet Moon Lane 9,221 $4,800,000 $521

60 Sun Glow Lane 7,733 $10,000,000 $1,293

Tournament Hills 8901 Greensboro Lane 5,354 $2,900,000 $542

Willow Creek 3031 Hammerwood Drive 4,016 $1,300,000 $324

COMMUNITY ADDRESS SF PRICE P/SF

LAS VEGAS

Canyon Gate 1916 Bay Hill Drive 2,472 $875,000 $354

2220 Glenbrook Way 5,469 $1,900,000 $347

8820 Rainbow Ridge Drive 3,662 $1,075,000 $294

One Queensridge Place

9101 Alta Drive, #1005 3,355 $2,380,000 $709

9101 Alta Drive, #607 2,271 $1,010,000 $445

9101 Alta Drive, #806 2,137 $950,000 $445 9103 Alta Drive, #1503 5,114 $3,250,000 $636

Southern Highlands 11809 Weybrook Park Dr 2,172 $600,000 $276

Spanish Trail 18 Innisbrook Avenue 8,682 $3,000,000 $346 8351 Plum Creek Court 2,692 $985,000 $366

Tuscan Cliffs 11390 Lago Augustine Way (SS) 5,230 $1,575,000 $301

HENDERSON

Anthem Country Club

16 Anthem Pointe Court 8,525 $3,000,000 $352

84 Kittansett Loop 6,264 $3,284,000 $524

5 Winding Road 2,614 $950,000 $363

2 Woodshole Court 2,671 $967,000 $362

Ascaya 9 Sky Arc Court 6,330 $6,600,000 $1,043

The Fountains 2243 Chatsworth Court 4,798 $950,000 $198

Hillsboro Heights 198 Courtney Ann Drive 6,424 $1,450,000 $226

Monica Nalbantoglu Director of Sales

702.605.7480 monica@robjensen.com S.179807

No closed sales for the month of November in Aventura, Bellacere, Canyon Fairways, Corta Bella, Eagle Hills, Eagle Rock, Mesa Ridge, The Palisades, The Summit Club, The Vineyards, Queensridge, Regency at the Lakes, Spanish Hills, Ten Oaks, Legacy Estates, Seven Hills - Rapallo, and Seven Hills - Terracina/Venezia. ((SS) - Short Sale)

MacDonald Highlands 670 Blackrock Rim Drive 4,029 $3,767,607 $935

1543 Foothills Village Dr 5,639 $2,600,000 $461

580 Saint Croix Street 7,122 $3,350,000 $470

648 Scenic Cliff Drive 2,827 $2,495,000 $883

438 Tranquil Peak Court 2,892 $1,350,000 $467

Roma Hills 807 Magnum Cliff Court 7,690 $7,128,087 $927

Guard-Gated | Las Vegas | Southern Highlands

38 RAVENSWOOD AVENUE

948 WILD SKIES DRIVE

PROMENADE WAY

Incredible indoor/outdoor living awaits at this two-story Toll Brothers home in Shadow Point—a quiet gated community located in Stonebridge, a Summerlin Village. Hike in Red Rock Canyon, shop and dine at Downtown Summerlin, or catch a game at City National Arena or the Las Vegas Ballpark—all within a ten-minute drive. Originally designed as a model home and tastefully upgraded by the seller, this property showcases gorgeous wall treatments, Restoration Hardware light fixtures, porcelain and hardwood flooring, upgraded landscaping, and more. Highlights include a gourmet kitchen, a spa-like owner’s suite, and a PebbleTec swimming pool.

Among the rarest of opportunities in Las Vegas, this custom singlestory home presents a tranquil lakeside lifestyle in SouthShore Country Club—an exclusive guard-gated oasis located in the master-planned community of Lake Las Vegas. Built on a prime waterfront lot, this home showcases stunning views of the lake and surrounding mountains.

SouthShore Country Club offers various membership tiers to suit your needs—from a social membership for community amenities to full golf privileges on the Jack Nicklaus Signature Course. All members enjoy access to two beautiful facilities, The Golf Clubhouse and The Lake Club, which offer casual and gourmet dining, fitness facilities, tennis courts, a private beach, a heated pool and spa, and more.

ROCK COURT

An opulent lifestyle awaits at this custom two-story home in the 24-hour guard-gated community of Southern Highlands Golf Club. Securely located behind a secondary gate within the community, this property boasts a private backyard with a refinished pool and spa, an outdoor fireplace, and a new 13’x13’ palapa over the BBQ area with LED lights and a fan. The incredible interior includes fresh paint, brand-new light fixtures, and wood-framed windows that bathe the entire house in natural light.