Rob's Report – April 2016

ROB REPORT L A S

86 Hawk Ridge Drive

robjensen.com

702.605.7480

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&

H E N D E R S O N A P R I L 2 0 1 6

The Ridges | $2,999,000

The hottest trend in Las Vegas luxury living is desert contemporary design, and this fine home epitomizes the style. Retractable floor-to-ceiling windows open to deeply recessed patios, seamlessly blending indoor and outdoor spaces. Custom Brazilian cherry wood flooring, rift cut cherry veneer cabinets, and granite features combine with state-of-the-art appliances and electronics to offer an uncompromising owner experience. Lovingly known as ‘Autumn Ridge,’ this home is truly a work of art.

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

SOLD PROPERTIES |

LAS VEGAS & HENDERSON

|

MARCH

HOW’S THE MARKET | GUARD GATED SALES STATISTICS - MARCH HOME PRICING

Anthem Country Club 6 Perry Park Court 2 Bloomfield Hills Drive 25 Candlewyck Drive 5 Crystal Tree Pass 8 Shade Valley Lane 3 Kennesaw Road

4,010 8,349 4,163 7,487 5,092 1,940

$759,000 $2,450,000 $800,000 $2,100,000 $845,000 $440,000

Aventura

3021 Soft Horizon Way 3258 Dove Run Creek Drive 11358 Winter Cottage Place 2052 Country Cove Court 11563 Glowing Sunset Lane

Las Vegas

1796 Amarone Way

No closed sales for the month of March.

Bellacere

Las Vegas

Las Vegas

No closed sales for the month of March.

Canyon Gate 8641 Robinson Ridge Drive 9012 Echo Ridge Drive

3,608 2,267

$600,000 $430,000

Corta Bella

Las Vegas $166 $190 Las Vegas

No closed sales for the month of March.

Country Club Hills 9036 Park Forest Court 8933 Brook Bay Court

3,383 4,320

$650,000 $875,000

Las Vegas $192 $203

4,693

$1,020,000

Las Vegas $217

2,973

$525,000

Las Vegas $177 REO

Eagle Hills 9140 Golden Eagle Drive

Eagle Rock 505 Proud Eagle Lane

Legacy Estates

Henderson

No closed sales for the month of March.

MacDonald Highlands 1607 Liege Drive 604 St Croix Street 1636 Liege Drive

8,237 10,067 7,424

$4,000,000 $3,250,000 $2,250,000

6,632

$1,640,000

Las Vegas $247

One Queensridge Place 9103 Alta Drive #904 9103 Alta Drive #503

3,100 2,638

$1,575,000 $1,100,000

Las Vegas $508 $417

2,640 3,417 3,855

$485,000 $605,000 $625,000

Las Vegas $184 $177 $162

Queensridge 9524 Chalgrove Village Ave 9700 Royal Lamb Drive 305 Kingsclear Court

4,684

$766,500 $770,000 $1,300,000 $825,000 $751,000

$870,000

Las Vegas $248 $223 $372 $201 $277 Henderson $186 Henderson

No closed sales for the month of March.

Seven Hills - Rapallo

Henderson

Seven Hills - Terracina/Venezia

Henderson $222

Southern Highlands

Las Vegas

No closed sales for the month of March.

1377 Ruby Sky Court

4,964

$1,100,000

No closed sales for the month of March.

Spanish Hills

5115 Mountain Foliage Drive 4,860 5008 Mountain Foliage Drive 4,217

$990,000 $1,100,000

Spanish Trail 43 Innisbrook Avenue

Las Vegas $204 $261 Las Vegas

5,027

$680,000

$135

Ten Oaks

Las Vegas

The Fountains

Henderson

The Palisades

Las Vegas

The Ridges

No closed sales for the month of March.

No closed sales for the month of March.

60 Wildwing Court 48 Wildwing Court 84 Tapadero Lane 42 Moonfire Drive

The Vineyards

1309 Reisling Court

6,040 6,883 3,955 4,618

$1,500,000 $2,690,000 $1,185,000 $1,465,000

Las Vegas $248 $391 $300 $317

3,800

$1,010,000

Las Vegas $266

Tournament Hills Willow Creek

$1,150,000 $895,000 $850,000

<500K

171

113

49

4

8

500-750K

132

52

14

10

11.2

750K-1MM

101

22

13

2

13.2

1-1.5MM

118

18

9

4

17

1.5-2MM

40

11

3

2

2-2.5MM

25

2

2

2.5-3MM

26

2

2

TRENDS - MONTHLY & YEARLY Sold Properties

Active Listings

March ‘16

94

909

Feb ‘16

66

854

MoM%

42%

6.4%

13.3

March ‘15

90

803

0

14.7

YoY%

4%

13%

0

33.6

3-4MM

24

4

1

1

16.8

>4MM

47

1

1

2

48

*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), 4/1/16

I’d like to address an ongoing concern of mine based on what I’ve seen and heard lately regarding buyers making offers. The scenario: The buyer likes a property, their agent calls the seller’s agent and says, My buyers may make an offer, but they don’t like this or that, or the house in the neighborhood around the corner also interests them. This tactic is used to feel out a low-ball offer before submitting a written offer, proof of funds or preapproval letter.

First Rule: Listing agents should never share the seller’s “bottom line,” unless specifically told to do so.

The seller’s agent is to bring in qualified offers and get the best sales price for their client.

The buyer’s agent wants the best deal for their client as well. The point in time where it’s appropriate for the agents of both parties to intelligently discuss the relative merits of each party’s position is after a formal written offer has been submitted…period. The seller and/or buyer agent that deviates from this format is not servicing the client appropriately.

The buyer should not be afraid to submit an offer and show the seller they are qualified.

The advantage for the seller is that a strong agent will put together the “comps” from the buyer’s perspective such as what other homes did the buyer look at before deciding on this one? For the buyer, it can actually be very beneficial to provide this information to the listing agent and seller, because they have become very educated on the competition.

In reality, negotiations are between the buyer and seller, not the agents. But, experienced professional agents know how to lead their clients through the process in order to get the transaction completed to the benefit of both parties. Clients deserve this level of service and should not settle for anything less.

Las Vegas

Happy spring home buying,

Las Vegas $267 $223 $212

Rob Jensen Broker/President

No closed sales for the month of March.

10964 Willow Heights Drive 4,309 2975 Lullingstone Street 4,016 3030 Hammerwood Drive 4,016

IN ESCROW SOLD EXPIRED ABS RATE*

Hello Friends,

No closed sales for the month of March.

Henderson $486 $323 $303

Mountain Trails 2305 Cedardale Place

Roma Hills

3,085 3,455 3,496 4,107 2,712

Seven Hills - Marquis

No closed sales for the month of March.

Canyon Fairways

Red Rock Country Club

Henderson $189 $293 $192 $280 $166 $227

FOR SALE

NEWS

Las Vegas Ups Lifestyle Ante, Opens T-Mobile Arena Article and Photos by Mike Stotts Spring has gloriously sprung and Las Vegas is no longer a “desert diamond” in the rough, with the grand opening, April 6, of the T-Mobile Arena. Resulting from the partnership of MGM Resorts and AEG Live, the $375 million, 650,000-sq.ft., 20,000-seat luxury arena is definitely turning heads. Transforming the City of Entertainment, long known for its worldwide trademark of continually reinventing itself, Vegas is now the nation’s leading arena city. With the introduction of the T-Mobile Arena, Vegas now has 5 superb arenas within a 1.3 square-mile radius of one another.

According to Brian Gordon, principal of the Las Vegas research firm Applied Analysis, the building of the arena produced an added investment of $600 million into the Las Vegas valley construction industry.

And now that the T-Mobile Arena is operational, it will bring a $900 million annual economic impact to the city, largely from anticipated ongoing tourism increases.

(Last year, Vegas logged in a record 41 million tourists.)

On top of that, the arena will employ nearly 1,000 Las Vegans, both directly at the arena and as supporting suppliers.

But what makes the arena particularly awe-inspiring and irresistibly alluring from others around the country is its encompassing total package: It’s far more than just another “event” venue. Although planning to host nearly every conceivable international, national, and local entertainment and sporting events, including hosting music concerts, basketball, boxing, hockey, rodeo, wrestling, volleyball, gymnastics, and more, the arena is inviting and relaxing from the very moment you step foot on the exquisite property.

Enjoy A-lister entertainment and party before, during, and after the event. Access into the arena is through

“The Park” with its scenic “outdoor canyon,” complete with 200 mature trees, many shade structures and water features (including misters), and, yes, a handful of retail kiosks and five new restaurants.

Once in the arena, five levels up are the triangular decks of the Hyde Lounge and Tower Club towering over the action. Anyone who purchases to see an arena show gets in free to these venues—provided room allows.

There is no better seat in the house to view the thrills.

And if that is not your cup of glee, there are 8 bars encircling the arena and an array of great concessions’ offerings to devour—not the ol’ rubbery hot dogs and tasteless beer. Heavens no! We’re talking fresh, handcrafted ingredients. The food and beverage provider, Levy Restaurants, has pulled out the proverbial culinary stops, offering Ferraro’s Shock Top brat for a signature dog experience; a Goose Island bar for sushi and salads (OMG!); and a barbecue stand offering slow-roasted prime rib. The list is endlessly mouth-watering.

But what you really came for is the event experience, right? T-Mobile Arena delivers. Boasting 820 video monitors, a close-tiered seating design, and complemented with nearly surround-sound quality, you’ll see and hear the action as in no other arena in the country.

The captivating wanderlust to visit and play in Las Vegas is something most people can’t resist. Once you’re hooked, visitors and residents alike, it’s in your blood forever. Just add the T-Mobile Arena and you will assuredly be a convert to the abundant lifestyle of the Las Vegas valley.

To read more exciting articles, visit robjensen.com/news

702.605.7480 | robjensen.com

5146 Mountain Top Circle

Spanish Hills

| $2,350,000

Showcasing custom finishes and fine materials, 5146 Mountain Top exceeds your highest expectations. Enjoy the fully finished basement with home theater, 6 en suite bedrooms, executive home office, and home gym with fully mirrored wall. Revel in the inviting master bedroom and spa-like bath. Host fun-filled pool parties with your swim-up bar and sunken outdoor kitchen. The home and grounds sprawl. Come see for yourself just why this home is so special.

1733 Cypress Manor Drive

MacDonald Highlands

382 Las Lanzas Street

| $777,000

MacDonald Highlands sets the standard for guard-gated, luxury living in Henderson. This charming single story home features freshly painted white Maple kitchen cabinets and brand-new custom media shelving in the great room. Oversize and with pool access, the master is your personal escape with its own invigorating bath and snail-entrance shower.

Seeking some sun? Lounge in the waterfall pool or socialize under the pergola.

The Vistas | $550,000

The Vistas offers residents a prime Summerlin address close the local parks, and community centers, and the Spring Mountain Range walking paths and trails. Bring the whole family together for fun in the great room, and cook memorable meals in the kitchen, enjoying them in the formal dining room. Unwind on the master bedroom’s private balcony, soak in the stand-alone tub. New carpet and fresh paint provide that new home feel.

robjensen.com

702.605.7480

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

. t D f .

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/s 2 SO $ 37

for

11358 Winter Cottage Place Red Rock Country Club $ 1,300,000

Roger Thornton, Seller (property pictured above): â&#x20AC;&#x153;Rob [and his entire team] are exceptionally talented and knowledgeable. The quality of the team, the technology and approach make an enormous difference. If you are selling a home, not all brokers are equal. You want to make sure to go with a broker who is going to bring the most to the table and help you sell your home faster and for the best price. In our case, Rob helped us get three offers for our house after three days on the market. Rob helped us select the best offer, negotiate a fair price and his team managed all the back end work to bring it through escrow and final close.â&#x20AC;?

Inside Featured Properties, Closed Sales and Trends for 29 Las Vegas & Henderson Guard Gated Communities!

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