Rob's Report - September 2015

ROB REPORT S E P T E M B E R

7 Boulder Crossing Circle

robjensen.com

702.605.7480

2 0 1 5

The Ridges | $2,499,000

Upgrade your lifestyle. From the Crestron smart-home system to the high-end gourmet kitchen, this remarkable custom home defines modern living. Its desert-contemporary architecture is on the cutting edge of upscale Las Vegas design, and the stone, wood and exposed-concrete finishes combine to create a refined atmosphere. Celebrating the natural desert beauty, pocket doors open to the tranquil inner courtyard, sunken sport court and the resort-style pool and spa.

Call us today to help you find or sell your guard gated home.

SOLD PROPERTIES |

HOW’S THE MARKET |

AUGUST

HOME PRICING

Anthem Country Club 15 Caprington Road

Red Rock Country Club 1,905

$393,000

$206

11432 Morning Grove Drive 5,037

$248

$647,000

$256

19 Isleworth Drive

3,942

$1,030,000

$261

2 Ayden Drive

9,920

$3,000,000

$302

2760 Peaceful Grove Street

3,085

$827,500

$268

20 Desert Highlands Drive

3,062

$665,000

$217

2794 Red Arrow Drive

4,104

$1,550,000

$378

25 Gladewater Drive

1,905

$420,000

$220

2867 Turtle Head Peak Drive 4,083

$900,000

$220

34 Moraine Drive

2,513

$542,500

$216

$1,000,000

$227

9 Golf Crest Court

3,943

$1,029,000

$261

3,023

$675,000

$223

Aventura 216 Valiente Street

Bellacere 10416 Summit Canyon Drive 7,155

Canyon Fairways

$2,550,000

$356

No closed sales for the month.

3027 Red Springs Drive

4,410

Roma Hills

No closed sales for the month.

Seven Hills - Marquis 1312 Villa Barolo Avenue

7,519

$1,925,000

$256

4,183

$1,020,000

$244

Seven Hills - Rapallo 1282 Imperia Drive

5,005

$1,045,000

$209

$940,000

$199

9016 Echo Ridge Drive

2,267

$396,500

$175

Southern Highlands

8644 Scarsdale Drive

4,333

$1,160,000

$268

3754 Aldenham Drive

4,713

Corta Bella

No closed sales for the month.

Spanish Hills

No closed sales for the month.

Country Club Hills

No closed sales for the month.

Spanish Trail

No closed sales for the month.

Eagle Hills

No closed sales for the month.

Ten Oaks

No closed sales for the month.

The Fountains

Eagle Rock 9508 Rocky Cliff Place

3,762

$795,000

$211

Legacy Estates 165 Inveraray Court

4,854

$970,000

$200

427 Stone Lair Court

5,037

$1,300,000

$258

Mountain Trails

No closed sales for the month.

MacDonald Highlands

9101 Alta Drive #1801

SOLD

EXPIRED

ABS RATE*

<500K

145

77

22

9

6.1

500-750K

171

27

12

7

10.1

750K-1MM

95

22

7

12

1-1.5MM

83

26

12

1.5-2MM

52

5

2-2.5MM

15

2.5-3MM

25

TRENDS Sold Properties

Active Listings

Aug ‘15

60

818

8.6

July ‘15

111

792

7

8.3

MoM%

2

2

11

Aug ‘14

83

713

4

1

0

16.3

YoY%

-28%

15%

3

1

2

24

3-4MM

20

4

2

0

20.6

>4MM

43

1

1

0

66

15,691 $6,030,000

$384

4,976

$1,125,000

-46% -3.3%

*Abs(orption) Rate: length of time (given in months) it takes to sell current inventory.

Number of months of current supply is based on average number of monthly sales for last 6 months. Source: Multiple Listing Service (MLS), 9/2/15

4,694

$835,000

$178

2363 Villandry Court

5,080

$650,000

$128

2331 Prometheus Court

5,288

$840,000

$159

The Palisades

No closed sales for the month.

The Ridges 76 Panorama Crest Avenue

4,179

$1,165,000

$279

36 Hunting Horn Drive

4,618

$1,880,000

$407

16 Wild Ridge Court

5,439

$3,000,000

$552

14,464 $11,000,000

$761

2015 continues to be a strong year for luxury real estate. The strongest observation this year is that there is a considerable amount of new construction, and buyers are loving it.

Sterling Ridge by William Lyons at The Ridges has been a certified hit! Blue Heron communities also have done incredibly well. I’m even seeing guard-gated home owners leave the guard behind in search of newer homes up in the Vistas, Paseos, and now The Cliffs in Summerlin. I believe one of the strongest reasons that new construction has been a strong seller lately is that the majority of resale homes on the market are aging, 10, 15, even 20 years old and looking dated. Most buyers don’t want to do any work, so they are buying new.

What does this mean for you? If you’re looking to buy, it means you have many options for new and resale. However, if you’re looking for guard gated and new, you’ll most likely be looking to build a custom or find something built fairly recently in The Ridges or MacDonald Highlands (otherwise, some remodeling might be in your future). Remember that because of our extensive inventory knowledge, we can help with your new home search.

If you’re selling, the resale market is very competitive as most buyers are buying new and then listing their own homes for sale, creating more resale inventory. How your home shows to potential buyers is more important than ever before. So with our professional stager, we can assist getting your home ready to sell.

Give us a call, we’d love to hear your story…and the espresso is on us.

Queensridge 308 Queens Gate Court

2330 Caserta Court

7 Falcon View Court

One Queensridge

IN ESCROW

Seven Hills - Terracina/Venezia 1522 Villa Rica Drive

Canyon Gate

2,526

$1,250,000

2157 Orchard Mist Street

FOR SALE

GUARD GATED SALES STATISTICS - AUGUST

The Vineyards

No closed sales for the month.

Tournament Hills

No closed sales for the month.

It’s a Good Life,

$226

Willow Creek 3010 American River Lane

4,997

$1,310,000

$262

Rob Jensen Broker/President

NEWS

OPEN HOUSES 11328 Golden Chestnut Place

Red Rock Country Club | $999,000

This home has a fine location with spectacular mountain views and tranquil golf frontage near the 10th hole’s waterfalls and lakes. Built around an interior atrium, the sprawling floor plan offers formal and informal spaces, a grand entryway, custom chandeliers, five balconies including a private master balcony, and intriguing architectural details throughout. Recently refreshed, this home feels new with an old world charm.

September 12 & 13 | 11am - 3pm

68 Wildwing Court

The Ridges | $3,240,000

Inspiring Las Vegas’ Mid-Year Performance Statistics Article & Photos by Mike Stotts Economists and industry analysts often debate as to whether the Las Vegas economic recovery is as strong as statistics seem now to indicate—no indicator or set of indicators is entirely foolproof, experts say—most emphatically do agree, however, present performance results in their totality show local and state economies are significantly strengthening and the future appears to be bright.

Brian Bonnenfant, project manager of The Center for Regional Studies at the University of Nevada, Reno, says Nevada is currently growing cumulatively as a whole at 2.5 to 3 percent annually. Though it is still under the 4 percent growth Nevada was enjoying in 2005 and 2006, it is still quite a satisfactory sustainable growth profile, with many glowing optimistic spots in the economy.

In terms of tourism, for example, serving as a leading economic indicator of Las Vegas prosperity, more than 21 million people have already visited the City of Entertainment through June 2015. This is about 1.5 percent more than a year ago when Las Vegas recorded a banner year, hosting more than 40 million annual travelers for the first time ever.

The largest Las Vegas spending segment—bars and restaurants, accounting for nearly a third of the total revenue—once again proved to be one of the biggest

This inspired desert-contemporary home is Diamond Certified Green by Environments for Living, and Crestron Home Automation smart. Enjoy featured custom stones and hardwoods, inspired designs and one of the most well-regarded communities in the valley. Throw open the great room pocket doors, entertain in the full basement with theater room or revel in the nine-car plus subterranean garages. The luxury appointments are endless, and point toward extremely fine living. Come discover them for yourself.

economic gainers among major categories, with sales growing 8.1 percent, to $930.6 million. Additionally, building materials increased by 7.5 percent, the furniture business rose 6 percent, and sales at electronic and appliance stores jumped 15.3 percent.

Adding fuel to the economic optimism, there will be billions of dollars in planned commercial development in Nevada in the coming years to support ongoing economic growth, says Brian Gordon, a principal in the Nevada research firm Applied Analysis.

Construction, Gordon says, is set to gain the most percentage wise, bolstered with major projects such as Tesla’s $5 billion Giga factory outside Reno, plus Las Vegas Strip projects such as Genting Berhad’s $4 billion Resorts World Las Vegas, the $350 million MGM-AEG arena, and the Las Vegas Convention and Visitors Authority’s $2.3 billion Las Vegas Global Business District. Construction will add 7,100 jobs statewide in 2015 and 8,700 jobs in 2016. In 2017, it will create 10,800 jobs, or 18 percent of the year’s 60,000 new job positions planned for Nevada.

CBER economists also optimistically point out the growing gains in the residential real estate industry, citing that Las Vegas housing prices have risen year-todate by 54.7 percent since the industry hit bottom in January 2012. In comparison, housing prices nationally have jumped 29.8 percent during the same period.

To read the whole story & many more visit robjensen.com/news

702.605.7480 | robjensen.com

September 12 & 13 | 12pm - 4pm 10700 Capesthorne Way

Willow Creek | $999,000

1332 Enchanted River Drive

MacDonald Highlands

| $937,000

Country club living in the scenic foothills of the McCullough Range. This gorgeous home boasts a courtyard entrance, stunning American Cherry wood flooring and cabinetry, and an enclosed patio overlooking the Dragon Ridge golf course. The high-end kitchen is open and inviting, the formal spaces are lovely, and the sparkling pool and spa are ready for those sunny summer days. All this and more, waiting for you to discover. Take a private tour today.

15 Isleworth Drive

Anthem Country Club

| $1,599,000

Imported, hand-made and custom features combine under the direction of renowned designer Maryann Goodsell of Interior’s Ltd. to create this inspired home. Located on a sprawling lot and boasting open interior spaces with endless amenities, this is without doubt the finest property in the Isleworth enclave, and will define your upscale lifestyle. If you are ready for country-club living, this stunning and highly-customized home is for you.

Beautiful curb appeal on a spacious corner lot. A true formal foyer with Crema Marfil marble and twin Brazilian cherry-wood floating staircases make an elegant setting.

The thousand-bottle climate-controlled wine cellar is impressive, as is the two-room en-suite casita. Plus, the stylish kitchen with its white cabinets, upgraded stainless-steel appliances and custom granite countertops are simply astounding. This fine home has all the trappings of refined luxury.

robjensen.com

702.605.7480

September 12 & 13 | 12pm - 4pm

10161 Park Run Drive, Suite 150 Las Vegas, NV 89145

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â&#x20AC;&#x153;Great job by Rob Jensen! Rob and his team did a great job in selling our home. He and his team were very efficient and excellent communicators throughout the process. Rob did a great job keeping expectations in line and calmly dealt with an emotional seller and demanding buyer. I would HIGHLY recommend Rob if your listing your home or plan on buying!â&#x20AC;?

- Mitch S.

Featured Properties, Closed Sales and Trends for 29 Guard Gated Communities inside!

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Great Time to Sell! Call Rob Jensen today to sell your home. 702.605.7480