Rob's Report - September 2014

SEPTEMBER 2014

786 Bolle Way

Roma Hills 6,542 sq.ft. | 6 bedrooms | 7 bathrooms

1,800,000

$

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

702.605.7480 www.robjensen.com

SOLD PROPERTIES | AUGUST 2014

Address Sq. Ft. Sold Price

Price Short Sale /Sq.Ft. /REO

Anthem Country Club 16 Winding Road 26 Starbrook Drive 14 Contra Costa Place 4 Belfair Court 7 Sankaty Circle 20 Dry Brook Trail

Address Sq. Ft. Sold Price

Price Short Sale /Sq.Ft. /REO

Red Rock Country Club 2,513 3,641 3,680 3,962 4,450 4,511

$485,000 $880,000 $645,000 $757,000 $1,250,000 $1,100,000

$193 $242 $175 $191 $281 $244

2162 Country Cove Court 1970 Alcova Ridge Drive 2615 Grassy Spring Place 11272 Golden Chestnut Place

Roma Hills

No closed sales for the month.

Aventura

No closed sales for the month.

Seven Hills - Rapallo

No closed sales for the month.

Bellacere

No closed sales for the month.

Seven Hills - Terracina

No closed sales for the month.

Canyon Fairways

No closed sales for the month.

Southern Highlands

Canyon Gate 1621 Sun Ridge Drive 2212 Glenbrook Way

1,679 6,331

$300,000 $1,225,000

$179 $193

Corta Bella 1820 Dolce Drive

3,946

$475,000

$120

Eagle Hills

3,219 4,380

$650,000 $850,000

$202 $194

No closed sales for the month.

Eagle Rock 412 Pinnacle Heights Lane

3,556

$750,000

$211

4,575

$826,000

$181

4,265 4,291

$865,000 $830,000

$203 $193

Legacy Estates 2042 Troon Drive

MacDonald Highlands 1700 Choice Hills Drive 1704 Authentic Court

Mountain Trails

No closed sales for the month.

One Queensridge

No closed sales for the month.

Queensridge 9813 Miss Peach Avenue 309 Covent Garden Court 9613 Verlaine Court

2,859 3,435 4,486

$415,000 $755,000 $1,350,000

$145 $220 $301

3,220 8,852

$830,000 $202 $795,000 $194 $1,075,000 $251 $960,000 $224

$414,750 $129 SS $3,065,000 $346

Spanish Hills

No closed sales for the month.

Spanish Trail

No closed sales for the month.

Ten Oaks 1608 Silver Oaks Street

Country Club Hills 8928 Brook Bay Court 2033 Glenview Drive

11815 Weybrook Park Drive 30 Castle Oaks Court

4,107 4,107 4,287 4,287

4,990

$821,000 $165

5,787 6,104

$900,000 $156 $1,000,000 $164

The Fountains 2309 Prometheus Court 2349 Villandry Court

The Palisades

No closed sales for the month.

The Ridges 16 Panorama Crest Avenue 45 Hawk Ridge Drive 26 Meadowhawk Lane 26 Skybird Court 94 Hawk Ridge Drive 65 Meadowhawk Lane 99 Hawk Ridge Drive

The Vineyards

3,955 7,016 7,238 7,581 7,610 9,602 13,490

$915,000 $231 $3,950,000 $563 $3,350,000 $463 $2,600,000 $343 $3,700,000 $486 $2,800,000 $292 $8,000,000 $593

No closed sales for the month.

Tournament Hills 1429 Iron Hills Lane 8800 Greensboro Lane

6,143 7,465

$1,500,000 $2,255,000

$244 $302

3,792 5,268

$570,000 $150 $1,225,800 $233 SS

Willow Creek 10709 Grey Havens Court 2990 American River Lane

How’s the Market Guard Gated Sales Statistics - August

Mutual of Omaha Bank Non-Conforming Loans

140

Pricing <500K 500-750K 750K-1MM 1-1.5MM 1.5-2MM 2-2.5MM 2.5-3MM 3-4MM >4MM

105

70

For Sale 140 90 79 90 59 25 21 18 26

Under Contract 68 34 22 26 8 3 0 2 2

Sold 30 17 19 6 2 2 1 4 2

Expired 31 15 8 8 1 2 1 4 1

Absorption Rate* 6.1 6.8 7.7 12.7 28.7 12.0 19.0 10.0 33.6

*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), 9/2/14

As of August 29, 2014

APR*

5-Yr Fixed Jumbo ARM (60 mo.) 3.50% 3.352 7-Yr Fixed Jumbo ARM (84 mo.) 3.75% 3.516 * 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 rate may increase after the fixed rate period ends.

Bank rates courtesy of:

Michelle Pistone

Private Mortgage Banker, NMLS # 409911

702.271.8447

35

Interest Rate

3-Yr Fixed Jumbo ARM (36 mo.) 3.25% 3.244

Mobile

michelle.pistone@mutualofomahabank.com Mutual of Omaha Bank 8945 W. Russell Road, #100 Las Vegas, NV 89148

0 <500K

500-750K

750K-1MM

1-1.5MM

1.5-2MM

2-2.5MM

2.5-3MM

3-4MM

>4MM

2984 Sun Lake Drive

Desert Shores 3,014 sq.ft. | 3 bedrooms | 3 bathrooms

699,000

$

702.605.7480 | www.robjensen.com

5870 West Oquendo Road

No HOA | 1,260 sq.ft. RV garage 5,359 sq.ft. + 1,440 sq.ft. casita | 9 bedrooms | 8 bathrooms

$

1,199,000

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

Closed Sales, Statistics and Interest Rates for 28 Guard Gated Communities inside!

D000 L O 5,

Sfor 91 $

16 Panorama Crest Avenue The Ridges

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