Rob's Report - March 2014

MARCH 2014

2858 Red Arrow Drive

Red Rock Country Club - The Estates 5,687 sq.ft. | 4 bedrooms | 4 1/2 bathrooms

1,595,000

$

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

702.605.7480 www.robjensen.com

SOLD PROPERTIES | FEBRUARY 2014

Address Sq. Ft. Sold Price

Price Short Sale /Sq.Ft. /REO

Anthem Country Club 4,163 3,962 3,537 3,374 2,678 2,614 1,905 1,833

Aventura

No closed sales for the month.

Bellacere

No closed sales for the month.

Canyon Fairways

No closed sales for the month.

Canyon Gate

No closed sales for the month.

Corta Bella

No closed sales for the month.

$808,000 $715,000 $675,000 $895,000 $520,000 $495,000 $480,000 $342,500

$194 $180 $191 $265 $194 $189 $252 $187

Country Club Hills 4,629 3,670

$921,000 $690,000

$199 $188

Eagle Hills 1909 Redbird Drive

Price Short Sale /Sq.Ft. /REO

Red Rock Country Club

54 Brandermill Drive 65 Isleworth Drive 19 Plum Hollow Drive 10 Kittansett Loop 57 Fountainhead Circle 1 Winding Road 42 Brandermill Drive 35 Braelinn Drive

2024 Glenview Drive 9108 Sandy Bluff Court

Address Sq. Ft. Sold Price

7,269

$1,675,000 $230

Eagle Rock 405 Proud Eagle Lane

3,556

$580,000

$163

Legacy Estates

No closed sales for the month.

1942 Country Cove Court 11239 Parleys Cone Court 2503 Maple Berry Court 11477 Timber Mountain Ave

3,999 2,508 2,508 2,325

$870,000 $497,000 $495,000 $545,000

$218 $198 $197 $234

Roma Hills

No closed sales for the month.

Seven Hills - Rapallo No closed sales for the month.

Seven Hills - Terracina 1607 Villa Rica Drive

8,170

$2,250,000 $275

Southern Highlands 11975 Port Labelle Drive 3,888 11775 Weybrook Park Drive 2,742

Spanish Hills

$727,500 $480,000

$187 $175

No closed sales for the month.

Spanish Trail 41 Cascade Creek Lane 15 Vintage Court 22 Congressional Court

5,662 $1,025,000 $181 5,222 $747,500 $143 4,636 $725,000 $156

Ten Oaks

No closed sales for the month.

The Fountains

No closed sales for the month.

The Palisades

No closed sales for the month.

The Ridges

MacDonald Highlands No closed sales for the month.

23 Skybird Court 7,241 $2,855,000 $394 8 Panorama Crest Avenue 4,803 $1,300,000 $271 24 Panorama Crest Avenue 3,955 $980,000 $248

Mountain Trails

No closed sales for the month.

The Vineyards

No closed sales for the month.

One Queensridge

No closed sales for the month.

Tournament Hills

No closed sales for the month.

Willow Creek

Queensridge 1004 Star Lamb Street

3,417

$540,000

$158

10767 Rivendell Avenue

2,693

$530,000

$197

How’s the Market The spring selling season is here! The sales and inventory are starting to increase. I expect the March numbers to see a much bigger increase in sales and inventory as it seasonally does. At Rob Jensen Company, we are seeing a lot of our listings starting to go under contract and overall activity picking up substantially. Now is a great time to put your home on the market – call us to help you out. And remember to plant some flowers. ~ Rob Jensen

Pricing

For Sale

Under Contract

Sold

Expired

Absorption Rate*

<500K

139

63

27

5

6.41

500K-750K

64

39

19

2

5.67

750K-1MM

69

18

7

1

9.00

1MM-1.5MM

62

26

3

2

13.54

1.5MM-2MM

42

11

2

0

16

2MM-2.5MM

29

3

2

1

11.29

2.5MM-3MM

16

2

1

0

15.43

3MM-4MM

24

3

0

1

40.50

>4MM

35

1

0

1

54.00

*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.

Source: Multiple Listing Service (MLS), 3/11/14

Guard Gated Communities Sales Trend

59 UNITS SOLD 621 UNITS LISTED

4.2%

Feb. 2014

Change from Jan. 2014

4.8%

-21% Change from Jan. 2013

For Just $100 You Could WIN One of these 5 Fabulous Prizes!

2014 Audi A6 Quattro • 2014 Chevy Camaro •10 Day Trip for 2 to Europe 1 Week Stay at Beachfront Condo • $1,000 Cash

Maximum of 5,000 Tickets will be Sold!

Drawing to be held at Boys Town Nevada’s 10th Annual Journey of Hope Gala at the Venetian Hotel & Casino May 29th 2014 For more information please contact: Catrina Mora, Development Coordinator 702-642-7070 x 109 or Catrina.Mora@boystown.org

Need not be present to win Winner must pay Taxes and Registrations

785 Bolle Way

Roma Hills 7,316 sq.ft. | 6 bedrooms + Casita 5 full & 3 half bathrooms $

1,571,500

702.605.7480 | www.robjensen.com

2004 Glenview Drive

Country Club Hills 4,529 sq.ft. | 4 bedrooms | 4 1/2 bathrooms $

899,000

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

Information on 28 Guard Gated Communities inside!

D000!

L O 5,

Sor $57 f

“Thank you for handling the sale of my home during one of the toughest housing markets. It is most appreciated how you and your team handled everything so efficiently. Your “CAN SELL” attitude is fantastic as is your advertising technique. Know that I am completely satisfied with your service and respresentation, and will recommend you to friends and family. Thanks again for caring!”

~ Susan Gordon

2875 Barrow Downs Street

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

Willow Creek