Rob's Report SUMMERLIN, LAS VEGAS, & HENDERSON
1 0 9 6 8 T R A N Q U I L WAT E R S C O U R T WILLOW CREEK
$1,690,000 | 3,302 SF 4 Bedrooms, 4 Bathrooms Custom Single-Story
This is your opportunity to own a custom single-story home in Willow Falls, a gated 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 community is a wonderful place to call home, and this unique property only enhances the lifestyle. Marble and hardwood flooring, stone and granite details, and vaulted ceilings with modern light fixtures are only a few of the highlights.
OCTOBER 2021
1 0 9 6 8 T R A N Q U I L WAT E R S C O U R T | W I L L O W C R E E K Dear Friends, We have just wrapped up the 3rd quarter of 2021. To put the strength of the luxury market into perspective, I’m going to share with you the 3rd quarter total sales for properties priced over $1,000,000. These numbers are for closed sales in Summerlin, Las Vegas, and Henderson combined and include houses and condos with or without a gate: 146 sales in Q3 2019, 232 sales in Q3 2020, and 411 sales in Q3 2021. At the $1M+ price point, there were 2.8 times more sales in 2021 than in 2019. This has led to substantial increases in home prices and very low inventory levels. September’s numbers, which you can find in our Guard Gated Market Trends section, show things cooling off with the number of closed units and pending sales down month-over-month and year-over-year. Inventory in September however was up 15% over August. I attribute this to a seasonal trend and expect pricing to remain stable. There will continue to be sales throughout the holiday season, so now is still a good time to sell if you want to take advantage of the current seller’s market. Unsurprisingly, newer and renovated homes are fetching the highest prices. If your home is 10+ years old, now might be a good time to consider bringing in a designer to refresh things. Even if you don’t plan on selling soon, you’ll get to enjoy the refresh and get a higher price when you’re ready to sell. We work with some great vendors and can recommend the right designers, contractors, etc. to get the job done. Please reach out with any questions you may have. It’s a Good Life,
Rob Jensen Broker / President 702.605.7480 B.143770
Monica Nalbantoglu Director of Sales 702.605.7480 S. 179807
SEPTEMBER 2021
Sold Properties COMMUNITY
ADDRESS
SF
Guard Gated PRICE
P/SF
SUMMERLIN Canyon Fairways 9313 Canyon Classic Drive
Corta Bella
Country Club Hills
PRICE
P/SF
2,638
$960,000
$364
2,271
$800,000
$352
653 Ravel Court
4,354
$1,550,000
$356
308 Round Stone Court
3,798
$1,177,110
$310
31 Grand Masters Drive
4,628
$1,850,000
$400
620 Canyon Greens Drive
5,880
$3,125,000
$531
1905 Corta Bella Drive
4,034
$1,275,000
$316
Queensridge
1828 Dolce Drive
4,034
$1,068,000
$265
1916 Glenview Drive
4,870
$1,700,000
$349
$3,050,000
$325
4,259
$1,599,000
$375
4,678
$1,050,000
$224
Country Rose Estates
2024 Spring Rose Street
3,231
$760,000
$235
Eagle Hills
9217 White Tail Drive
5,717
$2,850,000
$499
The Palisades
420 Grand Augusta Lane
5,236
$1,750,000
$334
209 Royal Aberdeen Way
4,595
$1,184,500
$258
11358 Cedar Log Court
2,508
$1,075,000
$429
3301 Elk Clover Street
3,489
$1,450,000
$416
2854 Evening Rock Street
3,676
$1,250,000
$340
2924 Evening Rock Street
3,664
$1,125,000
$307
11690 Evergreen Creek Lane
3,926
$2,579,000
$657
11533 Evergreen Creek Lane
5,122
$2,470,000
$482
11239 Parleys Cone Court
2,508
$1,200,000
$478
2689 Red Arrow Drive
9,158
$4,350,000
$475
2942 Soft Horizon Way
2,160
$1,100,000
$509
3071 Conservation Court
4,201
$2,250,000
$536
2611 Nevada Agave Lane
4,099
$1,500,000
$366
11270 Sandstone Peak Drive
3,949
$3,010,000
$762
66 Coralwood Drive
4,618
$2,900,000
$628
10 Garden Rain Drive
3,776
$2,120,000
$561
93 Glade Hollow Drive
3,797
$2,165,000
$570
91 Hawk Ridge Drive
9,429
$6,300,000
$668
28 Hunting Horn Drive
4,618
$2,920,000
$632
11460 Ruby Falls Way
4,618
$2,800,000
$606
15 Tapadero Lane
4,351
$2,100,000
$483
44 Wildwing Court
8,888
$6,045,000
$680
Tournament Hills 1504 Champion Hills Lane
6,607
$2,450,000
$371
The Vineyards
1204 Saintsbury Drive
3,430
$940,000
$274
Willow Creek
2975 Lullingstone Street
4,016
$1,125,000
$280
The Ridges
SF
One Queensridge 9101 Alta Drive, #303 Place 9103 Alta Drive, #507
9,377
1721 Glenview Drive
Reverence
ADDRESS
LAS VEGAS
9032 Park Forest Court
Red Rock Country Club
COMMUNITY
Southern Highlands
3,791
$1,450,000
$382
6,103
$3,500,000
$573
39 Vintage Canyon Street
6,702
$5,200,000
$776
24 Vintage Valley Drive
8,978
$3,750,000
$418
11803 Weybrook Park Drive
2,742
$863,000
$315
11806 Weybrook Park Drive
2,172
$665,000
$306
Spanish Hills
4944 Spanish Heights Drive
4,573
$1,000,000
$219
Ten Oaks
7417 Oak Grove Avenue
4,289
$1,950,000
$455
2,614
$896,000
$343
HENDERSON Anthem Country Club
The Fountains
MacDonald Highlands
Seven Hills Rapallo
No closed sales for the month of September in Aventura, Bellacere, Eagle Rock, Mountain Trails, The Summit, Canyon Gate, Regency at the Lakes, Spanish Trail, Tuscan Cliffs, Ascaya, Hillsboro Heights, Legacy Estates, Roma Hills, and Seven Hills- Terracina/Venezia
12017 Oakland Hills Drive 12 Olympia Ridge Drive
46 Brandermill Drive 17 Brays Island Drive
3,136
$1,400,000
$446
14 Eagle Chase Court
2,581
$910,000
$353
57 Fountainhead Circle
2,678
$755,000
$282
24 Fountainhead Circle
1,268
$535,000
$422
32 Golf Crest Court
4,490
$1,355,000
$302
4 Hammock Dunes Court
1,683
$630,000
$374
9 Holston Hills Road
2,614
$845,000
$323
44 Hunt Valley Trail
1,905
$710,000
$373
38 Isleworth Drive
5,084
$1,650,000
$325
44 Moraine Drive
1,942
$784,300
$404
19 Moraine Drive
2,678
$780,000
$291
6 Perry Park Court
4,010
$1,250,000
$312
18 Starbrook Drive
3,876
$1,600,000
$413
9 Woodshole Court
2,499
$815,000
$326
2340 Dolphin Court
5,489
$1,400,000
$255
2347 Villandry Court
4,434
$1,075,000
$242
1724 Choice Hills Drive
2,968
$1,375,000
$463
1307 Enchanted River Drive
5,345
$2,375,000
$444
1439 Foothills Village Drive
3,999
$1,250,000
$313
579 Saint Croix Street
6,411
$4,250,000
$663
1266 Imperia Drive
4,399
$1,875,000
$426
SEPTEMBER 2021
How's The Market? PRICE RANGE
Guard Gated Sales Statistics
FOR SALE
UNDER CONTRACT
SOLD
EXPIRED
ABS* RATE (MONTHS)
$500K-$749K
24
15
18
0
2.0
$750K-$999K
37
32
20
0
3.4
$1M-$1.49M
48
21
25
3
2.4
$1.5M-$1.99M
29
22
10
4
4.4
$2M-$2.49M
28
4
7
4
6.4
$2.5M-$2.99M
14
4
5
1
4.0
$3M-$3.99M
20
16
5
3
8.0
$4M+
68
12
5
4
17.8
*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), 09/30/21. 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
95
126
268
OVER AUG '21
-9%
-2.3%
+15%
OVER SEP '20
-11%
-33.7%
-35.3%
SEP 2021
AUG 2021
SEP 2020
SEPTEMBER '21
09/30/21
09/30/21
AUGUST '21
104
129 08/31/21
233
107
190
414
SEPTEMBER '20
09/30/20
08/31/21
09/30/20
1 2 1 2 5 C A B O R O J O AV E N U E T H E PA S E O S $1,148,000 | 3,934 SF 5 Bedrooms, 5 Bathrooms Two-Story
From the slopes of Summerlin's Paseos village, this two-story home presents a rare lifestyle in Belmonte, a gated Woodside Homes community. From the spacious family room with 15’ wide sliding glass doors to the primary bedroom with a Strip and mountain view balcony, everything in this home has been designed for your enjoyment. Built in a prime location—minutes from Red Rock Canyon, Downtown Summerlin, Red Rock Casino Resort & Spa, and some of the most desirable schools in the valley—this community provides a perfect balance between city living and natural beauty.
UNDER CONTRACT
9223 TESORAS DRIVE, #201 MIRA VILLA $870,000 | 2,333 SF 3 Bedrooms, 3 Bathrooms Condominium Residence
Overlooking the verdant fairways of Angel Park Golf Club’s Mountain Course, this second-story condominium provides an exceptional lifestyle in Mira Villa—an upscale mid-rise community in the heart of The Canyons, a Summerlin Village. Amenities of this gated community include a clubhouse with lounge areas and a kitchen, a state-of-the-art fitness center, five spas, a resort-style lagoon pool, cabanas, and three shaded barbecue pavilions. Multiple dining and retail shopping options are right around the corner from Mira Villa at Boca Park and Tivoli Village.
UNDER CONTRACT
2 1 2 1 B O U N D A RY O A K D R I V E SUN CITY SUMMERLIN $950,000 | 3,163 SF 3 Bedrooms, 3 Bathrooms Single-Story
This is your opportunity to own a single-story home in Sun City Summerlin, one of the nation’s premiere 55+ active adult communities. This well-established neighborhood boasts tree-lined streets, great shopping, top-notch restaurants, and award-winning resorts, casinos, and spas. Built on a lot overlooking the 7th hole of Eagle Crest golf course, this property showcases spectacular, unobstructed views of the nearby mountains and fairways. Beyond the gated front patio, discover a bright interior with 12” ceilings, skylights, and picture windows to capture the view.
10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 702.605.7480 | robjensen.com
JUST SOLD
12108 VISTA LINDA AVENUE THE PASEOS
$1,150,000
JUST SOLD
653 RAVEL COURT
$1,550,000
QUEENSRIDGE
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