Additional highlights include
home automation,
$9,700,000 | 10,090 SF 7 Bedrooms, 11 Bathrooms Custom Single-Story w/Basement 58 CRESTED CLOUD WAY THE RIDGES AUGUST 2022SUMMERLIN, LAS VEGAS, & HENDERSON Rob's Report
A lifestyle like no other awaits at this exclusive, custom mansion in The Ridges—an ultra-chic guard gated community built around the sweeping fairways of Bear’s Best Las Vegas. Showcasing over 10,000 square feet of living and entertaining space, this modern mansion was designed for ultimate privacy and indoor/outdoor living, and no detail was spared—from the expansive great room with 17’ ceilings and 34’pocket to the walkout basement with a media room and 140-bottle wine display case. Control4 a multigenerational suite, a resort-style pool with a zero-edge spa.
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Monica Nalbantoglu Director of S.179807monica@robjensen.com702.605.7480Sales Rob B.143770rob@robjensen.com702.605.7480BrokerJensen/President
Dear Friends, Here’s one of the key lessons I learned from the early 2000s real estate boom and the more recent boom of 2020-2021. Beyond the regular advantages of owning an investment property, there’s another benefit to having a second home. When the market hit all-time highs in the past, many sellers couldn’t sell because they didn’t have anywhere else to go. If they had sold high, they would have ended up buying high as well. If you’re planning to stay in Las Vegas, you might want to consider purchasing a second home before you actually need it. It’s helpful to have somewhere to go in the event that prices rise and you want to take advantage of the market. Plus, if you have lived in a property as your primary residence for 2 out of the last 5 years, you can pocket up to 500K in taxfree profit depending on your marital status. In the guard-gated market, inventory was up to 437 active listings in July, a year-over-year increase of 72%. However, there were only 43 closed sales in July, a year-over-year decrease of 69.9%. This increase in supply and decrease in demand is causing the market to slow down substantially. The last time guard-gated sales came close to being this low was in January 2019 (47 closed sales) and December 2018 (60 closed sales). Normally, December and January are the slowest months of the year, so seeing numbers like this in July is worrisome. As of July 31st, there were 81 guard-gated properties under contract. June 30th had 81 pending sales as well. This means we will probably see approximately the same number of closed sales in August as we did in July (43). These market dynamics will make the real estate market more competitive for sellers and will likely push prices down. If your goal is to sell, we recommend selling sooner than later, and who you hire matters. 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. Give us a call and find out for yourself!
Sincerely, 58 CRESTED CLOUD WAY | THE RIDGES
No closed sales for the month of July in Aventura, Bellacere, Country Club Hills, Country Rose Estates, Eagle Hills, Eagle Rock, Mountain Trails, The Palisades, The Summit Club, Tournament Hills, The Vineyards, Willow Creek, Regency at the Lakes, Southern Highlands, Spanish Hills, Spanish Trail, Ten Oaks, The Fountains, Hillsboro Heights, Legacy Estates, Roma Hills, and Seven HillsRapallo Dindy Roa | Senior Escrow Officer Annie Sawyer | Escrow Officer COMMUNITY ADDRESS SF PRICE P/SF LAS VEGAS Canyon Gate 2000 Bay Hill Drive 2,916 $1,025,000 $352 One PlaceQueensridge 9103 Alta Drive, #801 4,792 $3,100,000 $647 9103 Alta Drive, #302 3,856 $2,412,500 $626 Queensridge 9605 Camden Hills Avenue 3,022 $940,000 $311 9708 Gavin Stone Avenue 2,773 $875,000 $316 305 Queens Gate Court 4,176 $1,675,000 $401 Tuscan Cliffs 4153 San Capri Way 3,643 $1,375,000 $377 CountryAnthemHENDERSONClub3 Ayden Drive 7,331 $3,475,000 $474 10 Cedar Chase Drive 10,333 $5,400,000 $523 7 Chatmoss Road 1,940 $845,000 $436 6 Desert Highlands Drive 3,772 $1,100,000 $292 38 Emerald Dunes Circle 1,393 $560,000 $402 67 Emerald Dunes Circle 1,268 $475,000 $375 93 Fountainhead Circle 1,942 $720,000 $371 21 Hassayampa Trail 7,291 $1,900,000 $261 10 Penn Cross Court 3,537 $1,115,000 $315 Ascaya 1 Rockstream Drive 7,062 $7,000,000 $991 HighlandsMacDonald 1549 Foothills Village Drive 5,514 $3,000,000 $544 1668 Liege Drive 7,281 $2,175,000 $299 374 Tranquil Peak Court 2,771 $1,327,499 $479 Seven Hills Terracina/Venezia- 1534 Teramo Street 4,576 $3,150,000 $688 COMMUNITY ADDRESS SF PRICE P/SF CanyonSUMMERLINFairways9302 Canyon Classic Drive 5,719 $3,100,000 $542 Corta Bella 8813 Bonta Court 3,206 $1,050,000 $328 Mesa Ridge 10667 Patina Hills Court 4,445 $1,975,000 $444 Red CountryRockClub 1923 Alcova Ridge Drive 4,107 $1,700,000 $414 2482 Hollow Rock Court 3,455 $1,300,000 $376 2880 Peaceful Grove Street 4,410 $2,050,000 $465 11489 Snow Creek Avenue 4,546 $3,250,000 $715 Reverence 11180 Emory Oak Drive 2,792 $1,500,000 $537 2701 Nevada Agave Lane 2,583 $1,350,000 $523 The Ridges 14 Promontory Ridge Drive 12,345 $8,000,000 $648 Sold Properties Guard-Gated Proud to partner with JULY 2022 For more information call - 702-442-1150
2021JULJUN2022 OVER JUL '21 OVER JUN '22 2022JUL JULY '21 143 JUNE '22 73 CLOSEDJULY-41.1%-69.9%'2243SALES 7/31/21 135 6/30/22 81 UNDER817/31/220%-40%CONTRACT 7/31/21 254 6/30/22 406 ACTIVE4377/31/22+7.6%+72%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), 07/31/22. 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 $500K-$749K 30 7 10 1 4.4 $750K-$999K 54 10 9 0 6.4 $1M-$1.49M 97 13 9 2 10.0 $1.5M-$1.99M 55 9 5 5 9.8 $2M-$2.49M 58 15 2 5 16.2 $2.5M-$2.99M 28 5 0 1 9.4 $3M-$3.99M 36 9 5 0 6.9 $4M+ 79 13 3 7 12.3 How's The Market? Guard-Gated Sales Statistics JULY 2022
198 COURTNEY ANN DRIVE HILLSBORO HEIGHTS 10771 HOBBITONWILLOWAVENUECREEK $1,650,000 | 6,424 SF 5 Bedrooms, 6 Bathrooms Custom Two-Story $1,375,000 | 3,792 SF 5 Bedrooms, 5 BathroomsTwo-Story Discover unmatched privacy and abundant space at this custom two-story home in Hillsboro Heights—a guard-gated community in Henderson known for its family-friendly lifestyle and interactive neighborhood events. Built on a .29-acre corner lot, this home features a U-shaped floor plan wrapped around a private yard with a PebbleTec pool. Additional highlights include a 12-seat home theater, an abundance of storage space, and a Tesla solar power system. A wonderful life for you and your family awaits at this two-story home in Wood Glen, a subdivision of the 24-hour guard-gated community of Willow Creek— located among some of the best schools, parks, shopping, and golf courses that Summerlin has to offer. This home showcases a beautiful backyard with a lagoon pool and spa, a waterslide, a swim-up palapa bar, a covered patio, and direct access to the neighborhood’s gorgeous green belt, which leads to two tennis courts, a BBQ pavilion, a basketball court, and more.
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.
5083 MOUNTAIN FOLIAGE DRIVE SPANISH HILLS $1,890,000 | 4,245 SF 3 Bedrooms, 4 Bathrooms Single-Story
5237 IRON RIVER COURT MESA RIDGE $1,998,000 | 4,557 SF 4 Bedrooms, 5 BathroomsTwo-Story A fresh start for you and your family awaits at this two-story home in Mesa Ridge, a guardgated 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 brand-new home features an open floor plan for entertaining, modern architectural details, and an unfinished yard ready to be customized for your unique lifestyle. As an added bonus, the seller has already paid this property’s SID in full. 900 PONT CHARTRAIN DRIVE QUEENSRIDGE $1,999,000 | 3,936 SF 4 Bedrooms, 5 Bathrooms DiscoverSingle-Storyacomfortable and secure lifestyle at this completely renovated single-story home in Queensridge South—a 24-hour guard gated community revered for its lush landscaping, security, and serenity. Beyond the tranquil courtyard entryway with four fruit trees, greet your guests in the great room, which has been remodeled to create an open floor plan. Here, 12’ ceilings, a floor-to-ceiling stacked stone fireplace, and oversized picture windows create an immense sense of space. Additional highlights include an upgraded chef’s kitchen, an owner’s suite with a luxurious marble bathroom, and a 44’ infinity-edge swimming pool.
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, Monica Nalbantoglu, Mindy Walker, Rob Jensen, Dylan Edwards, Kyle Zabelny, Andy Gorman, Max Fox, Rebecca Ryan 10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 702.605.7480 | robjensen.com robjensenco robjensenco
