Rob's Report - September 2017

ROB'S REPORT SUMMERLIN, L AS VEGAS, & HENDERSON

S e p t e m b e r 2 0 17

CALL robjensen.com

702.605.7480

10736 Penhurst Way | Willow Creek

$899,000

4 Bedrooms | 4 Full Bathrooms, 1 Powder Room | 4,308 Square Feet This guard gated, generously customized Toll Brothers home is located in the heart of Summerlin and offers everything you could ask for in a luxury residence. The two-story home borders a beautifully landscaped greenbelt and features 4 bedrooms and 4.5 baths.

SOLD PROPERTIES | GATED FOR THE MONTH OF AUGUS T 2017

SUMMERLIN ADDRESS Barrington* Canyon Crest 608 Verde Vista Place Canyon Ridge* Canyon Terrace 9600 Canyon Mesa Drive Desert Trails* Mira Villa 9204 Tesoras Drive #201 Serrano 712 Chervil Valley Drive

SF

LAS VEGAS SOLD PRICE

PRICE/ SF

ADDRESS

SOLD PRICE

PRICE/ SF

7,402

$2,700,000

$365

3,882

$1,330,000

$343

SF

The Lakes* Park Trail Estates* 2,799

$650,000

$232

HENDERSON 2,516

$649,000

$258

2,333

$800,000

$343

4,224

$750,000

$178

Seven Hills - Portofino* Seven Hills - Marquis 2809 Via Tazzoli Court Sky Terrace 877 Vegas View Drive

*No closed sales for the month of August

Dear Friends, I often work with home sellers that have upgraded their home. These upgrades can be as simple as new appliances or as complex as a full remodel. To maximize your home’s sales price you must have an accurate list of everything you’ve done and the associated costs.

This helps with the sales process because a detailed list supports a higher asking price and can be incorporated into the property brochure and marketing materials. Be aware that not every Realtor advises their clients properly on this issue. It’s common to see listings being advertised with a big dollar amount spent on upgrades or remodeling with nothing to back it up. Unless it’s documented and in writing, most buyers and their agents believe the numbers are inflated and unrealistic.

Additionally, any upgrades will increase the cost basis of your property which ultimately affects how much is taxable profit when you sell the house. You should always speak with your accountant regarding your cost basis, and a detailed list will be important to them.

If your home sale requires an appraisal, and most do, the appraiser will also appreciate an itemized list of upgrades to help support the sales price. Buyers can pay over the appraised amount for a home but they rarely do, so it’s best to provide the appraiser with all relevant information.

Please call me at 702-605-7480 if you’re considering putting your home on the market. I’ll be glad to share my 15 years of experience in the local luxury real estate market and show you how it can be used to your advantage.

Sincerely,

Rob Jensen Broker/President

FOR THE MONTH OF| APRIL 2017 SOLD PROPERTIES GUARD GATED FOR THE MONTH OF AUGUS T 2017

SUMMERLIN ADDRESS

SF

LAS VEGAS SOLD PRICE

PRICE/ SF

Aventura 112 Tesoro Drive 216 Valiente Street

3,023 3,023

$662,000 $717,500

$219 $237

6,086

$1,700,000

$279

4,034

$690,000

$171

Bellacere 10124 Summit Canyon Drive Canyon Fairways* Corta Bella 8817 Montagna Drive Country Club Hills 1833 Glenview Drive

3,460

$745,000

$215

5,256 4,867 5,401 4,117

$1,010,814 $1,275,000 $1,175,000 $1,285,000

$192 $262 $218 $312

5,788

$1,885,000

$326

5,446

$1,195,000

$219

2,792 2,160 5,037 3,455 3,460

$634,000 $525,000 $1,400,000 $655,250 $597,859

$227 $243 $278 $190 $173

4,618 4,172 4,172 3,776

$1,654,896 $1,092,167 $1,385,000 $937,344

$358 $262 $332 $248

Country Rose Estates* Eagle Hills 9004 Bald Eagle Drive (REO) 9217 Eagle Hills Drive 9201 Eagle Hills Drive 2016 Redbird Drive Eagle Rock*

ADDRESS Canyon Gate 8616 Lakeridge Circle One Queensridge Place 9103 Alta Drive #1202 Queensridge 9328 Queen Charlotte Drive 9312 Queen Charlotte Drive 9848 Royal Lamb Drive Regency at the Lakes* Southern Highlands 11817 Canons Brook Drive 15 Eagle Knoll Court 30 Golf Estates Drive 14 Greenside Drive 12065 Whitehills Street Spanish Hills* Spanish Trail 16 Burning Tree Court 12 Innisbrook Avenue 8392 Turtle Creek Circle Ten Oaks*

Mountain Trails 2209 Paiute Meadows Drive The Palisades 429 Grand Augusta Lane Red Rock Country Club 1940 Alcova Ridge Drive 2834 Evening Rock Street 11558 Morning Grove Drive 11279 Parleys Cone Court 2804 Soft Horizon Way The Ridges 4219 Bronze Ridge Street 5 Olive Ridge Drive 58 Pristine Glen Street 78 Pristine Glen Street Tournament Hills* The Vineyards* Willow Creek 3021 Hammerwood Drive (SS)

4,572

$825,000

$180

robjensen.com

702.605.7480

*No closed sales for the month of August

SF

Anthem Country Club 35 Braelinn Drive 20 Chalet Hills Terrace 31 Contra Costa Place 7 Creeping Bend Court 12 Desert Highlands Drive 104 Emerald Dunes Circle 95 Emerald Dunes Circle 4 Hassayampa Trail 50 Hunt Valley Trail 71 Isleworth Drive 4 Kittansett Loop 28 Moraine Drive The Fountains 2201 Versailles Court Hillsboro Heights 176 Springfield Street Legacy Estates* MacDonald Highlands 1316 Enchanted River Drive 1376 River Spey Avenue (REO) Roma Hills* Seven Hills - Rapallo 1301 Imperia Drive 1342 Imperia Drive Seven Hills - Terracina/Venezia 1377 Ruby Sky Court REO - Bank Owned Foreclosure

PRICE/ SF

3,319

$740,000

$223

3,856

$2,200,000

$571

4,298 4,143 2,961

$805,000 $785,000 $595,000

$187 $189 $201

3,220 6,250 8,485 6,002 5,067

$570,000 $1,532,577 $3,199,000 $2,300,000 $1,109,000

$177 $246 $377 $383 $219

6,524 4,925 3,113

$1,350,000 $1,175,000 $580,000

$207 $239 $186

SF

SOLD PRICE

PRICE/ SF

1,833 4,025 3,037 1,905 3,684 1,940 1,833 5,662 2,076 4,229 3,374 1,942

$485,000 $975,000 $660,000 $525,000 $775,000 $445,000 $415,000 $960,000 $435,000 $1,015,000 $1,190,000 $450,500

$265 $242 $217 $276 $210 $229 $226 $170 $210 $240 $353 $232

3,315

$525,000

$158

2,744

$510,000

$186

4,578 5,267

$1,100,000 $1,080,000

$240 $205

5,620 5,673

$1,700,000 $1,129,000

$302 $199

4,964

$1,125,000

$227

HENDERSON ADDRESS

SOLD PRICE

SS - Short Sale

779 Bolle Way | Roma Hills

$1,299,000

5 Bedrooms | 5 Full Bathrooms, 2 Powder Rooms | 6,078 Square Feet This custom two-story home is located in the pristine Henderson guard gated community of Roma Hills and features views of the Las Vegas Strip and the Black Mountains. The custom stone faรงade, natural grass front lawn, and manicured landscaping wows with curb appeal. A gated entry courtyard with a fireplace and fountain welcomes you to the entrance of the casita where grand entry French doors reveal a spacious great room with fireplace, dining room, and wine cellar.

HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - August PRICE RANGE

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500-$750K

115

39

27

6

5.7

$750K-$1M

105

33

8

9

9.4

$1-$1.5M

98

26

17

8

6.8

$1.5-$2M

52

6

5

5

12

$2-$2.5M

22

9

2

0

9.3

$2.5-$3M

27

5

0

2

16

$3-$4M

30

3

1

3

16.5

$4M+

54

6

0

1

72

* 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), 9/1/17.

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

ACTIVE LISTINGS

CLOSED SALES

630

60

2.4% over last month 0.6% over last year

12% over last month 18% over last year Month over Month

Month over Month Aug '17

630

Aug '17

July '17

615

July '17

60 68

Year over Year

Year over Year Aug '17

630

Aug '17

Aug '16

634

Aug '16

60

Thinking of buying or selling? Give us a call at 702.605.7480

73

53 Cascade Creek Lane | Spanish Trail

$999,000

4 Bedrooms | 4 Full Bathrooms, 1 Powder Room | 3,954 Square Feet This open layout single-story custom home is located in the Cascade Creek neighborhood of Spanish Trail. Mature manicured lawns and lush front landscaping with large palm trees surround a convenient half-moon driveway and entice you from the curb. The backyard of this 4 bedroom, 5 bath home overlooks the 7th tee of the Spanish Trail Golf Course and provides beautiful expansive views.

Call 702.605.7480 or visit us online at robjensen.com

10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135

!

D L SO

10967 Willow Valley Court | Willow Creek

$1,417,500

"The entire Jensen team is very professional and was helpful at every step of the process. The brochures highlighted the best features of our home. The closing was very smooth. I would highly recommend Rob Jensen to others buying or selling in guard gated communities." - Drs. Rick & Brynne Standaert, Sellers

Inside: Featured Properties, Closed Sales, and Trends for 43 Guard Gated & Select Gated Communities in Summerlin, Las Vegas, and Henderson!

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