$3,588,888 | 5,252 SF 4 Bedrooms, 4 Bathrooms Custom Two-Story 10 FIRE ROCK COURT SOUTHERN HIGHLANDS SEPTEMBER 2022SUMMERLIN, LAS VEGAS, & HENDERSON Rob's Report
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.
Monica Nalbantoglu Director of S.179807monica@robjensen.com702.605.7480Sales
2787 Turtle Head Peak Drive 3,147 $1,300,000 $413
HighlandsSouthern
19 Contra Costa Place 3,037 $1,275,000 $420
28 Dry Brook Trail 4,511 $2,050,000 $454
Spanish Trail 36 Innisbrook Avenue 8,404 $3,199,000 $381
Tuscan Cliffs 11384 Villa Giovanni Court 6,268 $3,750,000 $598
14 Anthem Pointe Court 6,608 $2,400,000 $363
LAS
Rob B.143770rob@robjensen.com702.605.7480BrokerJensen/President
Red CountryRockClub 2895 Evening Rock Street 2,837 $1,220,000 $430
For the homes that do find a buyer, keeping the deal together is of critical importance. One of the leading causes for buyers to cancel are issues that come up in a home inspection. If you’d like to ensure a smoother escrow experience and increase the odds of your sale going through, we recommend the following: Get your HVAC serviced, roof inspected/repaired, and any issues with your pool fixed.
COMMUNITY ADDRESS
Seven Hills Terracina/Venezia- 1383 Ruby Sky Court 4,612 $2,600,000 $564
2318 Prometheus Court 3,998 $1,535,000 $384
Reverence 3107 The Peaks Lane 5,126 $2,150,000 $419 11291 Watershed Court 3,901 $2,200,000 $564
308 Nottinghill Gate Court 3,497 $1,060,000 $303
23 Hassayampa Trail 5,847 $2,700,000 $462
38 Golf Crest Court 4,282 $1,400,000 $327
No closed sales for the month of August in Aventura, Bellacere, Canyon Fairways, Corta Bella, Country Rose Estates, Mountain Trails, The Palisades, Tournament Hills, Canyon Gate, One Queensridge Place, Regency at the Lakes, Spanish Hills, Ten Oaks, Ascaya, Hillsboro Heights, Roma Hills, and Seven Hills - Rapallo
Willow Creek 10735 Rivendell Avenue 3,478 $1,082,500 $311
458 Tranquil Peak Court 2,070 $1,113,799 $538
505 Bighorn Ridge Avenue 5,335 $2,900,000 $544
The Fountains 2285 Buckingham Court 4,021 $1,900,000 $473
The Vineyards 1308 Saintsbury Drive 4,043 $1,450,000 $359
Dear Friends,
Mesa Ridge 10942 Earth Hues Court 5,119 $2,250,000 $440
The Rob Jensen Company is comprised of experts; we know how to handle the competitive landscape and make your home stand out. If you’d like to sell, we’d love to help. Just call or email us.
HillsCountrySUMMERLINClub
Legacy Estates 2001 Doral Place 6,508 $1,706,250 $262
46 Sawgrass Court 6,209 $2,300,000 $370
1817 Wincanton Drive 3,409 $1,100,000 $323
Eagle Rock 416 Pinnacle Heights Lane 3,942 $975,000 $247
ADDRESS SF PRICE
Sold Properties Guard-Gated
27 Colleton River Drive 2,569 $1,250,000 $487
11786 Alness Lane 5,098 $1,960,000 $384
91 Spanish Gate Drive 11,494 $6,000,000 $522
CountryAnthemHENDERSONClub
Sincerely, SOUTHERN HIGHLANDS
19 Summit Walk Trail 3,420 $1,570,000 $459
The Summit Club 4943 Summit Overlook Drive 7,327 $14,500,000 $1,979
SF PRICE P/SF
The Ridges 29 Garden Shadow Lane 3,562 $2,050,000 $576 11280 Granite Ridge Dr, #1115 2,414 $1,250,000 $518 11443 Opal Springs Way 5,047 $3,400,000 $674
1600 Wincanton Drive 3,355 $1,255,000 $374
10920 White Clay Drive 3,243 $2,380,000 $734
Eagle Hills 2012 Grouse Street 5,617 $3,000,000 $534
10 Wild Dunes Court 4,800 $2,000,000 $417
AUGUST 2022 Dindy Roa | Senior Escrow Officer Annie Sawyer Escrow Officer Proud to partner with For more information call - 702-442-1150
To determine current market conditions, please reference the absorption rate, which is a measure of supply. Generally, a 6-month supply is a regular market with stable pricing. As the absorption rate drops below 6, it becomes a seller’s market. We are now seeing an inventory of 9 months or more in most price ranges, which tells us the scales have shifted in favor of buyers.
The market has been white hot for the last two years. Although some sellers don't need to sell, there are those who do and who are willing to do what it takes. This is why we are starting to see an increase in price reductions. These sales will eventually become the new “comps.”
HighlandsMacDonald
COMMUNITY P/SF
Guard-gated sales for August were up 23.3% over July, with 53 closed sales and 96 pending sales at the end of the month. For the last couple of years, COVID-19 had put most summer plans on hold, so just about everyone was excited to go somewhere. This may have contributed to midsummer’s lull in sales. However, the primary cause for August’s increase in sales is market correction. In the guard-gated communities we focus on, there were 129 price reductions in August, which came from 101 properties. This means some sellers lowered their list price more than once.
12006 Port Labelle Drive 4,030 $2,000,000 $496
10795 White Clay Drive 3,465 $1,652,215 $477
QueensridgeVEGAS
10 FIRE ROCK COURT |
11575 Evergreen Creek Lane 5,268 $2,050,000 $389
20222021AUGJUL OVER AUG '21 OVER JUL '22 2022AUG AUGUST '21 119 JULY '22 43 CLOSEDAUGUST+23.3%-55.5%'2253SALES 8/31/21 129 7/31/22 81 UNDER968/31/22+18.5%-25.6%CONTRACT 8/31/21 233 7/31/22 437 ACTIVE4418/31/22+0.9%+89.3%LISTINGS Market Trends Monthly & Yearly *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), 8/31/22. 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 CONTRACTUNDER SOLD EXPIRED ABS* (MONTHS)RATE
$1M-$1.49M
$500K-$749K
95 20 15 3 9.6
$1.5M-$1.99M
$2M-$2.49M
67 10 8 3 11.8
53 10 11 3 9.7 $2.5M-$2.99M 30 7 3 0 24.7 $3M-$3.99M 31 7 4 2 8.4 $4M+ 74 13 2 2 34.8 How's The Market? Guard-Gated Sales Statistics AUGUST 2022
35 12 5 0 6.3 $750K-$999K 56 17 5 3 10.4
5 Bedrooms, 6 Bathrooms
776 BOLLE WAY
Two-Story
$2,850,000 | 6,918 SF
9732 VERLAINE COURT
QUEENSRIDGE
$1,750,000 | 5,184 SF
5 Bedrooms, 8 Bathrooms
ROMA HILLS
Just in time for summer, this two-story home in the guard-gated community of Queensridge features a recently refinished pool and spa, brand-new AC units, and much more. Wrapped around a central courtyard, with multiple balconies and patios, this home was designed for indoor/outdoor living. Step inside and discover a spacious, traditional floor plan with tile and natural stone finishes and wood built-ins. Highlights include an expansive living and dining space with double-height ceilings and an incredible kitchen boasting high-end appliances.
Custom Two-Story
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.
7424 DOE AVENUE TEN OAKS $1,495,000 | 4,372 SF 4 Bedrooms, 5 Bathrooms Custom Two-Story
Built on nearly half an acre, this custom two-story estate presents a rare opportunity in Ten Oaks, a premiere guard-gated community in west Las Vegas. Beyond the expansive driveway and front lawn, discover a traditional floor plan with spacious rooms and 20’ ceilings. Providing unmatched peace and privacy, the generous backyard boasts a 476 SF pool, an outdoor kitchen, and a large covered patio.
Your guide through the gates. robjensenco robjensenco
1474 REIMS DRIVE MACDONALD HIGHLANDS $5,250,000 JUST SOLD 10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 702.605.7480 | robjensen.com IN THIS RAPIDLY CHANGING MARKET, WE LEVERAGED OUR TEAM'S PROVEN EXPERTISE TO SUCCESSFULLY SELL THIS HOME IN 26 DAYS FOR JUST 4.5% UNDER LIST.
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.
