Rob's Report - April 2021

ROB'S REPORT

SUMMERLIN, L AS VEGAS, & HENDERSON APRIL 2021

PENDING

11 GREELY CLUB TRAIL

#11GreelyClub

ANTHEM COUNTRY CLUB | $2,000,000 6,003 Square Feet | 4 Bedrooms | 6 Bathrooms | Custom Two-Story An incredible sense of peace awaits at this two-story estate in Anthem Country Club, a 24-hour guard gated community in Henderson known for its social atmosphere and par-72 championship golf course. Tuscaninspired design elements include 11’ cove ceilings, tile floors, stone archways, and beautiful wrought iron fixtures. Enter through the private courtyard garden and discover over 6,000 square feet of living and entertaining space—accented by a multitude of double doors, balconies, and patios for effortless indoor/ outdoor living.

Dear Friends,

2714 RED ARROW DRIVE | RED ROCK COUNTRY CLUB

First, it was toilet paper; now, it’s real estate disappearing fast. In today’s hot market, inventory is low, and demand is high. At all price points up to $2 million, there is barely a two-month supply of guard gated real estate.

For homes priced between $2 million and $2.5 million, there’s only a three-month supply—and there’s not much more than that for homes in the ultra-luxury segment of homes priced over $3 million. While this might be frustrating for buyers, it’s excellent news for sellers looking to fetch top dollar.

However, rapidly appreciating prices are causing challenges when it comes to appraisals and loans. If your buyer is paying cash, an appraisal is unnecessary and shouldn’t be an issue, but not all buyers are paying cash. If your buyer is getting a loan, their bank will require an appraisal, possibly two. Why is this a problem? Banks lend money as a percentage of the appraised value. If the appraiser says your home is worth less than the purchase price, the loan will be smaller than expected, and the buyer must cover the balance. This might not be a problem for all buyers, but it may cause doubts about the value of the home they’re buying. They might want to renegotiate the price, and the deal could even fall apart.

With over eighteen years of real estate experience, I know the best way to minimize your odds of an appraisal problem happening. If you want to take advantage of the favorable market conditions to get the highest price possible for your home, you need an expert to sell your house AND close the deal—the part where you get your money. Give us a call. We look forward to helping you.

Sincerely, Rob Jensen Broker / President 702.605.7480 B.143770

SOLD PROPERTIES | GUARD GATED | MARCH 2021 COMMUNITY Aventura Bellacere

Canyon Fairways Corta Bella Country Club Hills

ADDRESS

PRICE

P/SF

3,023

$654,900

$217

525 Spruce Canyon Street

8,577

$2,600,000

$303

10116 Stony Ridge Drive

3,985

$1,270,000

$319

10133 Summit Canyon Drive

5,833

$1,850,000

9509 Balatta Canyon Court

5,155

9272 Tournament Canyon Drive

COMMUNITY

SF

PRICE

P/SF

1820 Bay Hill Drive

2,413

$655,000

$271

2001 Eagle Trace Way

4,739

$1,325,000

$280

8600 Kiel Ridge Circle

3,858

$710,000

$184

$317

8625 Robinson Ridge Drive

3,167

$800,000

$253

$2,250,000

$436

9029 Robinson Ridge Drive

3,029

$579,900

$191

8,134

$3,700,000

$455

9301 Fontainbleu Drive

5,029

$1,050,000

$209

9416 Tournament Canyon Drive

5,904

$1,675,000

$284

9704 Foxtrap Avenue

2,615

$639,000

$244

8805 Montagna Drive

3,705

$910,000

$246

9632 Gavin Stone Avenue

4,000

$740,000

$185

8840 Montagna Drive

3,206

$715,000

$223

916 Granger Farm Way

2,989

$730,000

$244

1908 Glenview Drive

3,932

$1,499,999

$381

1008 Greystoke Acres Street

2,532

$611,050

$241

2004 Glenview Drive

4,529

$1,399,000

$309

700 Jody Brook Court

2,737

$721,000

9511 Kings Gate Court

20,120 $7,500,000

$373

328 Onyx Crest Street

4,190

$1,065,000

$254

308 Prince Charming Court

4,478

$1,020,000

$228

9300 Provence Garden Lane

4,645

$990,000

$213

9328 Provence Garden Lane

4,777

$845,000

$177

9313 Queen Charlotte Drive

4,190

$1,005,000

$240

9721 Queen Charlotte Drive

4,693

$1,000,000

$213

9700 Verlaine Court

7,254

$1,680,000

$232

9744 Verlaine Court

5,859

$1,399,900

$239

9908 Robin Oaks Drive

3,975

$955,000

$240 $391

Canyon Gate

ADDRESS

$263

2228 Scarlet Rose Drive

3,231

$630,000

$195

Eagle Hills

9213 White Tail Drive

4,853

$1,795,000

$370

Eagle Rock

508 Proud Eagle Lane

3,634

$748,888

$206

The Palisades

10405 Orkiney Drive

5,236

$1,750,000

$334

2145 Alcova Ridge Drive

4,867

$1,549,000

$318

11398 Cedar Log Court

3,085

$1,300,000

$421

2037 Cherry Creek Circle

5,037

$1,530,000

$304

1974 Country Cove Court

3,739

$1,050,000

$281

1982 Country Cove Court

4,107

$1,345,000

$327

2190 Country Cove Court

4,107

$1,400,000

$341

3329 Elk Clover Street

3,787

$1,600,000

$422

11755 Alness Lane

3,379

$1,320,000

11630 Evergreen Creek Lane

4,443

$1,650,000

$371

11826 Brigadoon Drive

4,759

$1,650,000

$347

11700 Evergreen Creek Lane

4,119

$2,350,000

$571

31 Eagles Landing Lane

12,696 $4,600,000

$362

2287 Green Mountain Court

4,899

$1,300,000

$265

34 Grand Masters Drive

4,628

$1,599,000

$346

11447 Morning Grove Drive

6,321

$2,050,000

$324

16 Olympia Chase Drive

6,250

$3,150,000

$504

11522 Morning Grove Drive

5,555

$1,620,000

$292

2 Olympia Hills Circle

9,741

$4,500,000

$462

2104 Orchard Mist Street

5,037

$1,395,000

$277

57 Olympia Ridge Drive

4,119

$1,500,000

$364

3288 Rabbit Brush Court

2,243

$690,000

$308

5091 Mountain Top Circle

6,023

$1,525,000

$253

2556 Red Arrow Drive

8,845

$3,150,000

$356

46 Gulf Stream Court

8,555

$2,000,000

$234

3068 Red Arrow Drive

5,122

$1,950,000

$381

76 Innisbrook Avenue

8,165

$1,750,000

$214

2869 Red Springs Drive

3,455

$1,150,000

$333

12 Princeville Lane

6,415

$1,375,000

$214

2909 Red Springs Drive

2,160

$790,000

$366

37 Princeville Lane

6,283

$1,275,000

$203

11457 Snow Creek Avenue

4,079

$1,610,000

$395

4201 San Alivia Court

6,666

$1,795,000

$269

2895 Soft Horizon Way

3,455

$1,100,000

$318

4069 San Franchesca Court

4,991

$1,225,000

$245

2526 Turtle Head Peak Drive

3,455

$1,010,000

$292

12 Greely Club Trail

6,610

$1,629,900

$247

11200 Luna Blanca Drive

4,407

$2,300,000

$522

10 Holly Tree Court

4,471

$1,200,000

$268

2720 Natural Rock Drive

3,901

$1,050,000

$269

67 Isleworth Drive

3,876

$1,000,000

$258

11120 Red Yucca Drive

2,214

$835,000

$377

15 Mallard Creek Trail

5,695

$1,510,000

$265

11131 Red Yucca Drive

2,639

$875,000

$332

11 Paradise Valley Court

5,348

$1,871,000

$350

3 Boulder Rock Circle

4,405

$2,100,000

$477

26 Plum Hollow Drive

3,537

$1,025,000

$290

54 Coralwood Drive

4,888

$2,200,000

$450

20 Sankaty Circle

6,423

$2,995,000

$466

7 Cross Ridge Street

4,173

$1,615,000

$387

4 Summit Walk Trail

3,501

$890,000

$254

19 Flying Cloud Lane

12,445 $7,900,000

$635

2267 Buckingham Court

3,768

$732,500

$194

59 Glade Hollow Drive

4,888

$2,340,000

$479

2261 Trafalgar Court

4,856

$1,100,000

$227

99 Hawk Ridge Drive

13,490 $6,150,000

$456

174 Inveraray Court

5,661

$985,000

$174

44 Olive Ridge Drive

3,562

$1,285,000

$361

635 Cityview Ridge Drive

7,000

$4,750,000

$679

29 Promontory Ridge Drive

11,918 $5,600,000

$470

1721 Cypress Manor Drive

4,347

$1,075,000

$247

25 Soaring Bird Court

9,093

$4,375,000

$481

629 Dragon Peak Drive

8,600

$4,600,000

$535

10725 Beringer Drive

3,888

$1,425,000

$367

661 Dragon Peak Drive

5,231

$3,975,000

$760

1200 Dry Point Court

3,675

$975,000

$265

1340 Enchanted River Drive

5,555

$1,700,000

$306

1621 Saintsbury Drive

3,888

$1,250,000

$322

1414 Foothills Village Drive

3,999

$1,299,900

$325

2990 Hammerwood Drive

4,572

$1,445,000

$316

1648 Liege Drive

7,101

$1,800,000

$253

10715 Hobbiton Avenue

3,792

$884,000

$233

1206 Macdonald Ranch Drive

9,051

$3,380,000

$373

2974 Kedleston Street

3,598

$1,050,000

$292

1499 Macdonald Ranch Drive

10,723 $3,000,000

$280

618 St. Croix Street

6,782

$4,325,000

$638

411 Stone Lair Court

5,037

$1,109,900

$220

Roma Hills

1768 Amarone Way

6,357

$1,625,000

$256

Seven Hills Terracina/ Venezia

1355 Opal Valley Street

5,251

$1,420,000

$270

2878 Quartz Canyon Drive

5,919

$3,600,000

$608

1380 Ruby Sky Court

3,336

$1,750,000

$525

Red Rock Country Club

Reverence

The Ridges

The Vineyards

Willow Creek

No closed sales for the month of March in Mountain Trails, Tournament Hills, Ten Oaks, Hillsboro Heights, and Seven Hills - Rapallo

LAS VEGAS

Queensridge

Regency at the Lakes

Southern Highlands

Spanish Hills

Spanish Trail

Tuscan Cliff s

Anthem Country Club

The Fountains

HENDERSON

SUMMERLIN

Country Rose Estates

SF

10013 Alegria Drive

Legacy Estates

MacDonald Highlands

HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - MARCH PRICE RANGE

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500K-$749K

21

51

38

2

2.3

$750K-$999K

18

48

20

1

2.8

$1M-$1.49M

36

46

40

4

2.6

$1.5M-$1.99M

19

26

29

2

1.8

$2M-$2.49M

13

16

9

0

3.2

$2.5M-$2.99M

12

8

3

1

5.7

$3M-$3.99M

22

13

7

0

7.8

$4M+

50

19

10

1

8.6

*ABS(orption) rate is the length of time (in months) that it takes to sell current inventory. This is calculated by adding homes FOR SALE and homes UNDER CONTRACT and dividing the total by the average number of monthly sales for the last 2 months. Source: Multiple Listing Service (MLS), 03/31/21.

We add pending and contingent sales to the active listings; otherwise, they'd be counted twice as sales or might even fall out of escrow.

MARKET TRENDS | MARCH

MAR '21

CLOSED SALES

MONTHLY & YEARLY

03/31/21

UNDER CONTRACT

03/31/21

ACTIVE LISTINGS

156 227 418

Over FEB '21

+32%

+3.2%

+5%

Over MAR '20

+100%

+194.8%

-28.1%

FEB '21

118

220

398

MAR '20

78

77

581

#800CanyonGreens

800 CANYON GREENS DRIVE CANYON FAIRWAYS | $3,500,000

7,320 Square Feet | 4 Bedrooms | 5 Bathrooms | Custom Two-Story The ultimate lifestyle awaits at this opulent estate in the prestigious Summerlin enclave of Canyon Fairways.

Perched on a private parcel of land overlooking the 6th fairway of Tournament Players Club Las Vegas, this estate was custom crafted to leave a lasting impression—and recently renovated with new light fixtures, upgraded hardware, fresh paint, and more. The grand entry is adorned with a domed ceiling, high arched windows, an imperial staircase, artistic wrought iron, and Ionic columns. Beyond this impressive foyer, an abundance of French doors creates a sublime indoor/outdoor living experience.

PENDING

#2817TurtleHeadPeak

2817 TURTLE HEAD PEAK DRIVE RED ROCK COUNTRY CLUB | $2,100,000

4,683 Square Feet | 5 Bedrooms | 5 Bathrooms | Two-Story Located behind the West guard gates of Red Rock Country Club, this two-story home boasts day-andnight mountain views, frontage on the 16th hole of the Arroyo golf course, and over $300,000 in upgrades.

Wrapped around a central courtyard, with multiple balconies and patios, this beach-inspired home has been optimized for indoor/outdoor living. For example, the former living room with double-height ceilings has been completely remodeled to create two highly functional spaces: a main-level, surround-sound theater with eight reclining chairs and an upper-level bonus room attached to the owner’s suite, designed to take full advantage of the view.

#9141TesorasUnit201

9141 TESORAS DRIVE, UNIT 201 MIRA VILLA | $835,000

2,497 Square Feet | 2 Bedrooms | 3 Bathrooms | Two-Car Garage Enjoy an exceptional lifestyle at this second-story condominium in Mira Villa, an upscale mid-rise community in the heart of The Canyons, a Summerlin Village. Highlights include four balconies, open plan common spaces, and a pair of suites with full amenities. The community itself features a clubhouse with lounge areas and a kitchen, a state-of-the-art fitness center, five spas, a resort-style lagoon pool, cabanas, and three shaded barbecue pavilions. Multiple dining and retail shopping options are right around the corner from Mira Villa at Boca Park and Tivoli Village.

10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 B.143770

SOLD $2,850,000

SOLD $2,340,000

2800 HIGH SAIL COURT

59 GLADE HOLLOW DRIVE

THE LAKES

THE RIDGES

SOLD $2,250,000

SOLD $1,700,000

1772 AMARONE WAY

9012 BALD EAGLE DRIVE

ROMA HILLS

EAGLE HILLS

SOLD $1,625,000

SOLD $1,399,000

1768 AMARONE WAY

2004 GLENVIEW DRIVE

ROMA HILLS

robjensenco

COUNTRY CLUB HILLS

robjensen.com

702.605.7480