Rob's Report SUMMERLIN, LAS VEGAS, & HENDERSON
4 0 1 G R A N D A U G U S TA L A N E T H E PA L I S A D E S
$1,900,000 | 5,005 SF 4 Bedrooms, 6 Bathrooms Two-Story
Welcome to your personal haven, a semi-custom two-story home built on nearly half an acre in The Palisades—an exclusive 24-hour guard gated community in Summerlin. Developed by renowned luxury builder Christopher Homes, this home boasts an old world aesthetic featuring decorative tilework, columns, wrought iron, and stacked stone. The generous cul-de-sac lot provides ample grounds for the outdoor amenities, including a tennis court, an in-ground trampoline, and a glistening pool and spa.
NOVEMBER 2021
4 0 1 G R A N D A U G U S TA L A N E | T H E PA L I S A D E S
Dear Friends, October’s numbers are in, and they show a year-over-year decline in sales and inventory. Year-over-year trends are interesting to look at because they avoid the seasonal trends that month-over-month numbers can show. Sales generally tend to slow down during the fall/winter season and start to pick up again in the spring. However, 2020 was an unusual year; the fall/winter season was full steam ahead, and we were still doing deals while I was visiting my folks for Christmas. Following such an unusual year, it’s not surprising that year-over-year sales and inventory have declined. This holiday season is looking more normal. Comparing October to September shows only a small dip in closed sales and inventory, with a slight increase in pending sales. We are starting to see homes sit on the market a bit longer, and price reductions are more common. This doesn’t mean the market is going down; asking prices were just too high to begin with. In a market where prices increased by leaps and bounds, it was common for sellers to throw out big numbers—and it worked for over a year. However, like the parent of the proverbial kid asking for another cookie from the cookie jar, the market has finally said, "No." Low inventory is going to keep the real estate market a seller's market, and the relaxing of international travel restrictions should start to bring foreign money back into the picture. If you have any questions, give us a call. Sincerely,
Rob Jensen Broker / President 702.605.7480 B.143770
Monica Nalbantoglu Director of Sales 702.605.7480 S. 179807
OCTOBER 2021
Sold Properties COMMUNITY
ADDRESS
Guard Gated
SF
PRICE
P/SF
7,320
$2,800,000
$383
2,628
$640,000
$244
SUMMERLIN Canyon Fairways 800 Canyon Greens Drive 9705 Cameo Rose Lane
COMMUNITY
ADDRESS
SF
PRICE
P/SF
2221 Glenbrook Way
3,513
$1,221,000
$348
8860 Rainbow Ridge Drive
2,082
$737,000
$354
LAS VEGAS Canyon Gate
Country Rose Estates
2000 Spring Rose Street
3,128
$795,000
$254
$930,000
$346
2117 Redbird Drive
5,755
$1,900,000
$330
One Queensridge 9101 Alta Drive, #15 Place 9101 Alta Drive, #401
2,686
Eagle Hills
4,827
$2,460,000
$510
9205 White Tail Drive
5,187
$1,620,000
$312
Queensridge
801 Aquitaine Court
3,502
$750,000
$214
605 Pinnacle Heights Lane
3,762
$1,304,000
$347
301 Nottinghill Gate Court
4,190
$920,000
$220
Eagle Rock Mountain Trails
2212 Paiute Meadows Drive
7,716
$3,020,000
$391
3,552
$1,520,000
$428
124 South Royal Ascot Drive
5,356
$2,100,000
$392
Southern Highlands
3381 Birchwood Park Circle
The Palisades
12004 Whitehills Street
2,172
$815,000
$375
Red Rock Country Club
2125 Alcova Ridge Drive
4,577
$1,845,000
$403
Spanish Hills
4914 Mesa Capella Drive
4,488
$1,000,000
$223
11580 Evergreen Creek Lane
3,823
$1,600,000
$419
The Summit
2,692
$650,000
$241
7,341
$3,650,000
$497
2,837
$1,135,000
$400
11227 La Madre Ridge Drive
3,455
$975,000
$282
8361 Plum Creek Court
3,538
$1,450,000
$410
10,780
$4,900,000
$455
8333 Turtle Creek Circle
3,507
$850,000
$242
3,823
$1,625,000
$425
7412 Silver Palm Avenue
4,222
$1,225,000
$290
3,942
$2,200,000
$558
2797 Turtle Head Peak Drive
The Ridges
7960 Bermuda Dunes Ave 32 Burning Tree Court
2585 Grassy Spring Place
2540 Red Arrow Drive
Reverence
Spanish Trail
Ten Oaks
10910 Calm Desert Court
2,214
$1,099,000
$496
11160 Emory Oak Drive
4,273
$1,650,000
$386
2980 Full Lotus Drive
2,452
$1,180,000
$481
28 Anthem Creek Circle
3,942
$1,525,000
$387
2941 Raywood Ash Drive
2,851
$850,000
$298
3 Anthem Pointe Court
15,873
$10,000,000
$630
4165 Bronze Ridge Street
5,229
$3,550,000
$679
93 Emerald Dunes Circle
1,940
$795,000
$410
4181 Bronze Ridge Street
4,619
$3,250,000
$704
121 Emerald Dunes Circle
1,833
$795,000
$434
4211 Bronze Ridge Street
4,888
$2,525,000
$517
11 Emerald Dunes Circle
2,072
$625,000
$302
50 Grey Feather Drive
3,562
$1,605,000
$451
6 Fox Chapel Terrace
3,374
$1,450,000
$430
85 Meadowhawk Lane
6,343
$5,725,000
$903
31 Kittansett Loop
3,374
$1,250,000
$370
15 Night Song Way
5,041
$4,500,000
$893
21 Mallard Creek Trail
4,025
$1,400,000
$348
11447 Opal Springs Way
3,797
$2,200,000
$579
8 Oro Valley Drive
3,848
$1,300,000
$338
25 Promontory Ridge Drive
8,588
$5,974,000
$696
16 Pine Hollow Drive
4,025
$1,325,000
$329
26 Sun Glow Lane
6,928
$5,500,000
$794
5 Stonemark Drive
3,848
$1,066,000
$277
11091 Stardust Drive
9,427
$18,750,000 $1,989
2280 Trafalgar Court
7,379
$1,649,998
$224
10951 Stardust Drive
6,634
$15,400,000 $2,321
Tournament Hills 1432 Iron Hills Lane
7,741
$2,250,000
$291
Willow Creek
3020 Hammerwood Drive
4,646
$1,875,000
$404
3051 Traverse Creek Lane
4,982
$1,705,000
$342
10724 Weather Top Court
3,458
$900,000
$260
No closed sales for the month of October in Aventura, Bellacere, Corta Bella, Country Club Hills, The Vineyards, Regency at the Lakes, Tuscan Cliffs, Ascaya, Hillsboro Heights, Legacy Estates, Seven Hills - Rapallo, and Seven Hills - Terracina/Venezia
HENDERSON Anthem Country Club
The Fountains
4 Anthem Creek Circle
2225 Versailles Court
4,543
$1,050,000
$231
2332 Villandry Court
4,155
$1,250,000
$301
MacDonald Highlands
1228 Stellar Rim Court
4,304
$3,430,000
$797
Roma Hills
764 Ricota Court
6,077
$1,550,000
$255
OCTOBER 2021
How's The Market? PRICE RANGE
Guard Gated Sales Statistics
FOR SALE
UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
$500K-$749K
18
17
16
0
2.1
$750K-$999K
31
31
22
3
3.0
$1M-$1.49M
44
25
22
5
2.9
$1.5M-$1.99M
26
14
13
1
3.5
$2M-$2.49M
32
14
4
1
8.4
$2.5M-$2.99M
13
6
3
0
4.8
$3M-$3.99M
21
10
5
2
6.2
$4M+
65
13
8
2
12.0
*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), 10/31/21. 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
CLOSED SALES
UNDER CONTRACT
ACTIVE LISTINGS
OCT 2021
93
OCTOBER '21
130
250
OVER SEP '21
-2%
+3.2%
-6.7%
OVER OCT '20
-26%
-35.3%
-36.4%
SEP 2021
OCT 2020
10/31/21
10/31/21
SEPTEMBER '21
95
126 09/30/21
268
126
201
393
OCTOBER '20
10/31/20
09/30/21
10/31/20
3093 RED ARROW DRIVE
R E D R O C K C O U N T RY C L U B $4,999,000 | 8,724 SF 5 Bedrooms, 6 Bathrooms Custom Two-Story
A lifestyle like no other awaits at this custom two-story mansion in the 24-hour guard gated community of Red Rock Country Club. Safely tucked behind a secondary gate in The Estates, this property boasts breathtaking views of the nearby mountains, the 14th tee of the private Mountain golf course, double fairways, and a cascading waterfall feature. Beyond the hedge-lined drive and custom-cast facade of this palatial estate, discover incredible spaces: a grand foyer and living room with 25’ ceilings, a true entertainer’s kitchen, a game room that opens to the pool deck, an immaculate owner’s suite, and much more.
2705 GRASSY SPRING PLACE R E D R O C K C O U N T RY C L U B $1,750,000 | 4,083 SF 4 Bedrooms, 5 Bathrooms Two-Story
Lovers of natural beauty will appreciate this fully renovated two-story home in the 24-hour guard gated community of Red Rock Country Club. Built on the second hole of the private Mountain golf course, this property showcases picturesque fairway and mountain vistas from almost every room. The generous lot size, 50% larger than most in the area, allows for a larger backyard and setback from the street. Recent upgrades include new flooring, trendy light fixtures, and fresh interior paint. Beyond the expansive front yard and courtyard entry, discover a spacious floor plan with multiple French doors and balconies for indoor/outdoor living.
UNDER CONTRACT
3040 AMERICAN RIVER LANE WILLOW CREEK
$2,600,000 | 5,580 SF 5 Bedrooms, 6 Bathrooms Custom Single-Story
Masterfully designed by the architect behind Tivoli Village and One Queensridge Place, this custom single-story estate presents a rare lifestyle in Willow Falls, a gated subdivision of the 24-hour guard gated community of Willow Creek in Summerlin. From striking natural stone facades to palatial interior spaces, no detail has been spared. Step inside and discover a wealth of artisan finishes: hand-laid Venetian plaster, travertine floors, seventeen skylights, and custom masonry featuring seven types of stone from six different countries. True resort-style living awaits in the skylit lanai, an air-conditioned veranda with an irrigated garden bed and a 25’ wide wall of glass that opens to the 50’ lagoon pool.
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 702.605.7480 | robjensen.com
JUST SOLD
JUST SOLD
$2,800,000
800 CANYON GREENS DRIVE CANYON FAIRWAYS
JUST SOLD
SERRANO
$1,424,000
JUST SOLD
$1,650,000
11160 EMORY OAK DRIVE REVERENCE
JUST SOLD
2611 NEVADA AGAVE LANE REVERENCE
$1,500,000
JUST SOLD
$870,000
9223 TESORAS DRIVE, #201 MIRA VILLA
robjensenco
704 TANDOORI LANE
robjensenco
1600 SHADOW ROCK DRIVE CANYON GATE
$650,000