Rob's Report - April 2014

APRIL 2014

2837 Middle Earth Street

Willow Creek 3,792 sq.ft. | 5 bedrooms + Office/Den 4 full & 1 half bathrooms $

665,000

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

702.605.7480 www.robjensen.com

SOLD PROPERTIES | MARCH 2014

Address Sq. Ft. Sold Price

Anthem Country Club

18 Bloomfield Hills Drive 20 Starbrook Drive 12 Isleworth Drive 5 Contra Costa Place 54 Fountainhead Circle 4 Contra Costa Place

Price Short Sale /Sq.Ft. /REO

7,319 $1,600,777 3,962 $805,000 3,600 $825,000 3,374 $765,000 2,678 $597,500 2,614 $469,000

$219 REO $203 $229 $227 $223 $179

9912 Mirada Drive

3,372

$199

Bellacere

No closed sales for the month.

Aventura

Canyon Fairways

409 Club Court 5,122 9412 Tournament Canyon Drive 3,954

Canyon Gate

$670,000

$755,000 $690,800 $685,000

$155 $145 SS $171

Eagle Rock

No closed sales for the month.

Legacy Estates

No closed sales for the month.

$184 $254 $214

6,191

$2,000,000

$323

9905 Sparrow Hawk Court

5,978

$1,515,000

$253

One Queensridge

No closed sales for the month.

Mountain Trails

Queensridge

9700 Verlaine Court 901 Ville Franche Street

$280 $260 $224 $203 $266 $211 $301 $251 $215

Seven Hills - Terracina No closed sales for the month.

5,926 $1,089,900 4,926 $1,250,000 3,509 $750,000

1720 Tangiers Drive

11447 Morning Grove Drive 6,321 $1,770,000 2047 Cherry Creek Circle 5,224 $1,360,000 11313 Golden Chestnut Place 3,823 $855,500 2952 Soft Horizon Way 3,455 $701,000 3047 Red Springs Drive 3,085 $820,000 11385 Sandstone Ridge Drive 2,508 $530,000 2476 Grassy Spring Place 2,325 $699,000 11460 Timber Mountain Avenue 2,325 $583,000 11367 Cedar Log Court 2,160 $465,000

Red Rock Country Club

$188 $150

9104 Golden Eagle Drive 1972 Redbird Drive 2113 Redbird Drive

MacDonald Highlands

$260 $181

$690,000 $340,000

No closed sales for the month.

Eagle Hills

$865,000 $540,000

3,330 2,989

Roma Hills

Corta Bella

4,870 4,753 4,000

9513 Queen Charlotte Drive 700 Sethfield Place

$259 $268

3,663 2,267

1916 Glenview Drive 1813 Glenview Drive 9005 Rolling Knoll Court

Price Short Sale /Sq.Ft. /REO

$1,325,000 $1,060,000

8928 Rainbow Ridge Drive 8952 Echo Ridge Drive

Country Club Hills

Address Sq. Ft. Sold Price

7,357 $1,625,000 4,468 $945,000

$221 $212

No closed sales for the month.

Seven Hills - Rapallo No closed sales for the month.

Southern Highlands

26 Vintage Ridge Drive 35 Vintage Canyon Street 11877 Oakland Hills Drive 3862 Woodsen Bend Drive

Spanish Hills Spanish Trail

10,175 9,254 4,681 4,279

$2,500,000 $2,400,000 $1,080,000 $1,000,000

$246 $259 $231 $234

No closed sales for the month.

41 Princeville Lane 22 Sawgrass Court

7,372 $1,525,000 4,143 $672,000

Ten Oaks

No closed sales for the month.

The Fountains

No closed sales for the month.

The Palisades

10157 Prestancia Avenue

$207 $162 REO

4,085

$835,000

$204

20 Cross Ridge Street

4,399

$1,330,000

$302

The Vineyards

No closed sales for the month.

Tournament Hills

No closed sales for the month.

The Ridges

Willow Creek

10994 Willow Valley Court

5,100

$1,600,000

$314

How’s the Market Although we continue to hear the threat that rates are going to start increasing, we continue to see them hover at the same low levels they have been at for the last six months. We also continue to see the mortgage guidelines allow for more aggressive financing. For more information and details on rates and programs please contact me. ~ Michelle Pistone

Michelle Pistone

Private Mortgage Banker, NMLS # 409911

Mutual of Omaha Bank 8945 W. Russell Road, Suite 100, Las Vegas, NV 89148 702.271.8447 Mobile

225

michelle.pistone@mutualofomahabank.com

Interest Rate

APR*

3yr Fixed Jumbo ARM 5yr Fixed Jumbo ARM 7yr Fixed Jumbo ARM

3.125 3.625 3.875

3.118 3.314 3.508

* Based on loan amount of $700,000, 25% down payment, 0.75% origination pts, $1,500 in estimated fees (will vary by region), and a 60 day rate lock. All jumbo loans have a 30 year maturity and reate may increase after the fixed rate period ends.

Guard Gated Communities Sales Trend

Expired

Absorption Rate*

24

8

7.27

500-750K

87

40

19

6

6.99

750K-1MM

83

18

13

0

8.68

1-1.5MM

72

29

9

4

17.31

1.5-2MM

42

8

7

4

18

2-2.5MM

23

6

3

1

11.60

2.5-3MM

17

2

1

0

19

3-4MM

22

4

0

1

52

>4MM

38

1

0

0

58.50

For Sale

<500K

*Absorption Rate: length of time it takes to sell current inventory - number of months of current supply based on average number of monthly sales for last 6 months.

Mutual of Omaha Bank | Non-Conforming Loans 150 As of April 4, 2014

Sold

150

Under Contract 79

Pricing

Source: Multiple Listing Service (MLS), 4/2/14

75

0 <500K

500K-750K

750K-1MM

1-1.5MM

76 UNITS SOLD 701 UNITS LISTED

1.5-2MM

2-2.5MM

28.8%

2.5-3MM

12.9%

3-4MM

>4M

-32%

March 2014 Change from Feb. 2014

Change from Feb. 2013

2011 Shenley Court

Bromley Place 8,468 sq.ft. | 5 bedrooms + Office/Den 5 full & 2 half bathrooms $

2,500,000

702.605.7480 | www.robjensen.com

2036 Glenview Drive

Country Club Hills 3,780 sq.ft. | 4 bedrooms | 3 full & 1 half bathrooms

799,000

$

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

Information on 28 Guard Gated Communities inside!

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9700 Verlaine Court

Queensridge North

“I really enjoyed the company’s goaloriented attitude. Everyone seemed more like a friend rather than a business partner.

The whole thing was professionally done.

No amateurs by any means!” ~ Melvin & Sherry Lamph

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