Rob's Report - February 2015

FEBRUARY 2015

55 Panorama Crest Avenue

The Ridges

| $1,600,000

This Tuscan style beauty’s immaculate appointments and perfect location make it pure luxury. The private courtyard is an intimate setting for hosting, and the detached casita is a sports fan’s dream with its 7 flat screen TV’s. The sprawling floorplan of the main house showcases a view that you will never tire of enjoying. Plus, the master bed and bath will indulge your every comfort. If you are ready to enjoy the finer things in life, this exquisite home is for you.

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

702.605.7480 robjensen.com

SOLD PROPERTIES | JANUARY 2015

Address Sq.Ft.

Sold Price

Price Short Sale /Sq.Ft. /REO

Anthem Country Club

2932 Soft Horizon Way 11405 Sandstone Ridge Drive 2486 Grassy Spring Place 2825 Evening Rock Street 1987 Alcova Ridge Drive

2,508 $667,000 2,508 $585,000 3,455 $810,000 3,823 $1,100,000 4,824 $1,290,000

No closed sales for the month.

Roma Hills

No closed sales for the month.

No closed sales for the month.

Seven Hills - Marquis

1,889 3,421 3,537 3,942

Aventura Bellacere

$354,900 $659,000 $687,500 $850,000

$188 REO $193 $194 $216

Canyon Fairways 3,646 $938,000

$257

Canyon Gate 1601 Shadow Rock Drive 1924 Bay Hill Drive

1,965 $289,000 2,231 $370,000

$147 $166

Corta Bella 8805 Lusso Court

4,060 $620,000

Country Club Hills

No closed sales for the month.

Eagle Hills

No closed sales for the month.

$153

448 Pinnacle Heights Lane

2,976 $660,000

Legacy Estates

No closed sales for the month.

$222

2801 Via Tazzoli Court

3,642 $1,450,000

$398

Seven Hills - Rapallo

No closed sales for the month.

Seven Hills - Terracina/Venezia

No closed sales for the month.

Southern Highlands 11840 Waterford Castle Court 11755 Alness Lane

2,458 $485,000 3,379 $815,000

$197 $241

4,047 $705,000 7,006 $1,315,000

$174 $188

42 Gulf Stream Court 12 Princeville Lane

5,313 $765,000 6,415 $960,000

$144 $150

Ten Oaks

No closed sales for the month.

Spanish Hills 4942 Mesa Capella Drive 5115 Spanish Heights Drive

The Fountains

MacDonald Highlands 1748 Cypress Manor Drive 1696 Tangiers Drive 1683 Tangiers Drive

4,015 $800,000 6,863 $1,300,000 7,055 $2,000,000

Mountain Trails

No closed sales for the month.

$199 $189 SS $283

One Queensridge 2,638 $1,125,000 3,355 $1,800,000

$426 $537

Queensridge 9324 Verlaine Court

$266 $233 $234 $288 $267

Spanish Trail

Eagle Rock

9101 Alta Drive #803 9101 Alta Drive #905

Price Short Sale /Sq.Ft. /REO

Red Rock Country Club

15 Hammock Dunes Court 19 Summit Walk Trail 26 Plum Hollow Drive 2 Brookridge Drive

9517 Tournament Canyon Drive

Address Sq.Ft. Sold Price

4,526 $1,075,000

$238

2252 Buckingham Court

3,758 $760,000

$202

The Palisades

No closed sales for the month.

The Ridges 71 Grey Feather Drive

4,600 $1,575,000

$342

The Vineyards

No closed sales for the month.

Tournament Hills 8817 Greensboro Lane

4,663 $978,900

$210

Willow Creek

No closed sales for the month.

How’s the Market Guard Gated Sales Statistics - January Pricing <500K 500-750K 750K-1MM 1-1.5MM 1.5-2MM 2-2.5MM 2.5-3MM 3-4MM >4MM

120

For Sale 114 99 91 93 49 25 12 15 31

Under Contract 71 34 15 22 11 3 1 2 2

Sold 35 18 9 5 2 1 0 0 0

Absorption Rate* 5 7.9 8.6 13.8 22.5 28 15.6 11.3 39.6

Expired 7 10 4 3 5 1 4 0 2

*Absorption 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.

90

Source: Multiple Listing Service (MLS), 2/10/15

60

30

0 <500K

500-750K

750K-1MM

1-1.5MM

1.5-2MM

2-2.5MM

2.5-3MM

3-4MM

>4MM

70 UNITS SOLD 690 UNITS LISTED -2.8%

January 2015

-9.9%

Change from Dec. 2014

-4% Change from Jan. 2014

Nevada State Bank - Non-Conforming Loans Courtesy of

Michelle Pistone

Sr. Mortgage Lender, NMLS # 409911

702.706.5929 Office

702.271.8447 Cell 855.823.3195 Efax Michelle.Pistone@NSBank.com 750 E. Warm Springs Rd., #200 Las Vegas, NV 89119

* All rates and APRs are as of February 17, 2015.

Interest Rate*

APR*

5 Jumbo ARM 3.375% 3.219% 3.245% 71 Jumbo ARM3 3.5%2 1 3 2 10 Jumbo ARM 3.875% 3.572% 1

3

2

1. All loans subject to approval conditions such as credit score, loan to value, and collateral apply along with other terms and conditions.

2. Automatic payment required. Without auto pay rate is .25% higher.

3. Rate adjustments apply for Jumbo loans over $1,500,000.

Meet our Staff Lori Menard Buyer Specialist

With more than a decade of real estate experience under her belt, Lori Menard brings to bear her confident, driven and solutionsoriented business approach as a Buyer’s Agent for Rob Jensen Company. Lori’s expert knowledge of the local market, tireless work ethic and methodical approach to facilitating each client’s individualized needs reflect in her thousands of Las Vegas-based escrows in the industry.

Having grown up in Las Vegas and now working within its highly specialized real estate marketplace, Lori has witnessed first-hand the exponential development in the region and understands the local market and stays on top of our market trends. Insights gained over her 27 years have allowed her to adapt and capitalized on real estate in the valley.

Known for being committed, patient and strong-willed when it comes to protecting her client’s best interests, Lori lives by her motto, “everything worth doing is worth doing well.” She is a good listener, an even better problem solver and an expert negotiator.

Also active in her community, Lori has assisted in finding sponsors for the Opportunity Village Magical Forest as well as aiding in the production for the event. She also donates to Safe Nest, Shade Tree, Toys for Tots and Smiles for Survivors.

Lori spends her free time cooking and eating with her family and enjoying fitness activities like hot yoga, hiking, Pilates and running.

1705 Wincanton Drive

Country Club Hills

| $849,900

This large corner lot features oversize triple bay garages with expansive built-ins for storage. Towering ceilings and the sweeping curved stairway in the formal living room are impressive, as is the stylish wood flooring. The large kitchen with walk-in pantry and upgraded appliances overlooks the large great room and glittering pool with hot tub and waterfall. Close to every upscale amenity Summerlin offers, this beautiful home is waiting for you.

702.605.7480 | robjensen.com

2536 Grassy Spring Place

Red Rock Country Club

| $1,175,000

This immaculate property boasts amenities fit for an exclusive lifestyle, such as an attached casita with private entrance, 18th hole frontage on the Arnold Palmer designed Private Mountain Course, pool and spa, and three separate balconies to enjoy Strip and mountain views. The twenty-one foot ceilings in the formal living room and centerpiece curved stairway give the home a refined feel, but take nothing away from the relaxed atmosphere.

Stay in the know with the latest guard gated real estate news â&#x20AC;&#x201C; Join us on Twitter, Facebook, LinkedIn, Google+, Pinterest and Instagram.

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

Interest Rates, Trends and Closed Sales for 29 Guard Gated Communities inside!

D,000 L O 75

Sor 1,0

f

$

9324 Verlaine Court Queensridge

10,929 Internet Views , 27 Showings, 14 Open Houses with 77 Attendees, 5 Offers!

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