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