Rob's Report - May 2021

ROB'S REPORT

SUMMERLIN, L AS VEGAS, & HENDERSON M AY 2 0 2 1

#11271WinterCottage

11271 WINTER COTTAGE PLACE RED ROCK COUNTRY CLUB | $1,800,000

4,443 Square Feet | 5 Bedrooms | 6 Bathrooms | Two-Story Perfect for families that enjoy indoor/outdoor living, this peaceful and secure two-story home is located in the beautiful guard gated community of Red Rock Country Club, overlooking the 10th fairway of the public Arroyo Golf Course. Improved at the cost of over $300,000, this property boasts unique upgrades—including a chef’s outdoor kitchen, new landscaping with modern pavers and turf, and a recently resurfaced pool and spa. Whether you’re preparing a drink at the family room bar, feasting in the formal dining room, or entertaining in the formal living room with 20’ ceilings, golf course and mountain views are never far away.

46 MOONFIRE DRIVE | THE RIDGES

Dear Friends, The secret is out: Las Vegas is a great place to live. Demand is high, inventory is low, prices are rising, and the market will likely remain hot for quite some time.

During the last real estate bubble, wild speculation was rampant in Las Vegas. It wasn’t uncommon for buyers to purchase five homes with no money down. When the market started to crash, these buyers would hand four properties back to the bank and live in the fifth, causing a flood of distressed inventory that crashed pricing.

In today’s market, we see more people buying homes to live in. These buyers—many of them from out of state—are financially strong; they often pay cash or finance with large down payments. Yes, there are still those who bite off more than they can chew, but for the most part, today’s heightened demand is fueled by real growth.

When it comes to selling, many real estate agents see high demand as a reason to get lazy. In a rush to get to market, they post listings without professional photos, 3D tours, floor plans, or property descriptions featuring upgrades and neighborhood amenities. FaceTime walkthroughs are no replacement for these resources, and skipping out on them is a huge disservice to sellers. When high-quality images and helpful information are provided, out-of-town buyers are much more comfortable making an offer without touring the home in person. This is what drives demand and raises the final sales price.

At the Rob Jensen Company, we consistently invest in marketing for our sellers—no matter what the market looks like. From highly targeted online advertising to national print campaigns, we do everything in our power to market luxury properties to the highest number of qualified buyers. This is the recipe for getting the highest sales price in the fastest time possible—especially in today’s strong seller’s market. If you’d like to take advantage of these favorable selling conditions, let’s talk today.

Sincerely, Rob Jensen Broker / President 702.605.7480 B.143770

SOLD PROPERTIES | GUARD GATED FOR THE MONTH OF APRIL 2021

Bellacere Corta Bella

Country Club Hills Country Rose Estates Eagle Hills Eagle Rock Mountain Trails

SUMMERLIN

The Palisades

SF

PRICE

P/SF

10000 Alegria Drive

ADDRESS

3,023

$750,000

$248

P/SF

$2,400,000

$271

8848 Rainbow Ridge Drive

2,747

$675,000

$246

8609 Robinson Ridge Drive

2,502

$650,000

$260

$2,300,000

$273

2,346

$679,000

$289

1836 Dolce Drive

3,946

$785,000

$199

2313 Timberline Way

2,747

$786,500

$286

1641 Enclave Court

14,132 $11,300,000

$800

9621 Camden Hills Avenue

3,681

$832,000

$226

1701 Enclave Court

13,349 $9,600,000

$719

9716 Gavin Stone Avenue

3,061

$670,000

$219

1809 Glenview Drive

4,629

$1,275,000

$275

9825 Miss Peach Avenue

2,087

$549,900

$263

2048 Glenview Drive

4,140

$1,600,000

$386

9631 Orient Express Court

7,612

$3,300,888

$434

805 Petit Chalet Court

4,777

$1,500,000

$314

87 Grand Masters Drive

4,628

$1,365,000

$295

11775 Woodbrook Court

2,742

$915,000

$334

4950 Mountain Creek Drive

4,047

$875,000

$216

5098 Mountain Top Circle

6,552

$2,175,000

$332

57 Gulf Stream Court

5,169

$935,000

$181

20 Princeville Lane

3,447

$710,000

$206

21 Princeville Lane

6,954

$930,000

$134

35 Princeville Lane

6,823

$1,530,000

$224

87 Princeville Lane

4,904

$1,100,000

$224

8407 Turtle Creek Circle

4,134

$982,000

$238

7421 Doe Avenue

3,439

$745,000

$217

11318 San Arezzo Place

3,643

$1,055,000

$290

4046 Villa Rafael Drive

4,240

$1,060,000

$250

14 Brandermill Drive

3,537

$1,210,000

$342

22 Caprington Road

2,076

$602,000

$290

3 Dry Brook Trail

4,793

$1,540,000

$321

23 Dry Brook Trail

4,511

$1,400,000

$310

97 Emerald Dunes Circle

2,162

$650,000

$301

10 Fountainhead Circle

1,833

$725,000

$396

17 Glade Water Drive

1,905

$565,000

$297

21 Highland Creek Drive

9,355

$2,000,000

$214

2 Hunt Valley Trail

1,905

$660,000

$346

5 Karsten Creek Court

3,588

$1,220,000

$340

10 Moraine Drive

1,942

$625,500

$322

35 Moraine Drive

3,449

$897,000

$260

4 Moss Spring Court

7,478

$3,250,000

$435

9 Mountain Cove Court

8,416

$3,350,000

$398

4 Perry Park Court

3,677

$1,100,000

$299

18 Sankaty Circle

7,788

$4,650,000

$597

11 Stonemark Drive

3,848

$950,000

$247

25 Wade Hampton Trail

5,092

$1,140,000

$224

2254 Buckingham Court

3,895

$950,000

$244

2346 Dolphin Court

4,974

$1,400,000

$281

2309 Prometheus Court

5,787

$1,000,000

$173

2361 Villandry Court

6,345

$1,600,000

$252

631 Cityview Ridge Drive

7,500

$4,950,000

$660

657 Dragon Peak Drive

6,075

$4,300,000

$708

1639 Liege Drive

3,892

$1,500,000

$385

1343 Quiet River Avenue

5,037

$1,515,000

$301

587 Saint Croix Street

14,180 $6,488,800

$458

1699 Tangiers Drive

7,278

$2,350,000

$323

1733 Tangiers Drive

5,367

$2,397,777

$447

1508 View Field Court

7,603

$4,400,000

$579

1772 Amarone Way

7,177

$2,250,000

$314

786 Bolle Way

6,542

$1,945,000

$297

1793 Valenzano Way

4,337

$1,220,000

$281

2648 Mirabella Street

9,072

$2,050,000

$226

2670 Mirabella Street

7,012

$1,900,000

$271

2024 Spring Rose Street

3,231

$575,000

$178

9012 Bald Eagle Drive

3,972

$1,700,000

$428

9109 Eagle Hills Drive

7,703

$2,200,000

$286

2109 Redbird Drive

4,344

$1,690,000

$389

448 Pinnacle Heights Lane

2,976

$899,000

$302

9901 Glenrock Drive

6,729

$1,820,000

2834 Evening Rock Street

2,160

$952,000

$441

11600 Evergreen Creek Lane

4,121

$1,680,000

$408

11720 Evergreen Creek Lane

4,859

$1,999,950

$412

11563 Glowing Sunset Lane

2,712

$1,355,000

$500

11594 Glowing Sunset Lane

4,410

$1,665,000

$378

11305 Golden Chestnut Place

4,899

$2,125,000

$434

2496 Grassy Spring Place

2,712

$960,000

$354

1979 Orchard Mist Street

4,251

$1,390,000

$327

11376 Sandstone Ridge Drive

3,455

$970,000

$281

2814 Soft Horizon Way

2,712

$1,099,000

$405

2942 Soft Horizon Way

2,160

$750,000

$347

2927 Turtle Head Peak Drive

4,423

$1,350,000

$305

3013 Dusky Willow Lane

2,542

$950,000

$374

3021 Full Lotus Drive

2,123

$774,900

$365

11181 Luna Blanca Drive

3,949

$1,560,000

$395

15 Hawk Ridge Drive

10,194 $6,800,000

$667

18 Misty Peaks Court

9,028

$4,150,000

$460

50 Morning Glow Lane

6,277

$4,700,000

$749

41 Owl Ridge Court

4,618

$2,750,000

$595

21 Painted Feather Way

5,793

$4,000,000

$690

58 Pristine Glen Street

4,172

$1,799,000

$431

26 Promontory Ridge Drive

12,213 $5,000,000

$409

9 Soaring Bird Court

8,382

$3,000,000

$358

8 Sun Glow Lane

7,167

$5,335,000

$744

15 Wild Ridge Court

9,913

$3,800,000

$383

Tournament Hills

1109 Pine Island Court

7,757

$2,725,000

$351

1109 Trophy Hills Drive

9,188

$2,375,000

$258

The Vineyards

1401 Saintsbury Drive

3,430

$1,250,000

$364

10691 Capesthorne Way

4,016

$1,150,000

$286

2962 Hammerwood Drive

4,311

$1,150,000

$267

10634 Penhurst Way

4,016

$870,000

$217

10983 Tranquil Waters Court

3,183

$1,200,000

$377

3071 Wandering River Court

4,134

$1,610,000

$389

10866 Willow Heights Drive

4,780

$1,643,000

$344

No closed sales for the month of April in Canyon Fairways, Regency at the Lakes, Hillsboro Heights, Legacy Estates, and Seven HIlls - Rapallo

Canyon Gate

Queensridge

Southern Highlands Spanish Hills

$270 $231

Willow Creek

PRICE

8,850

8,418

$1,470,000

The Ridges

ADDRESS

10208 Summit Canyon Drive

6,370

Reverence

SF

8900 Canyon Springs Drive

8800 Bonta Court

205 Surtees Point Street (REO)

Red Rock Country Club

COMMUNITY

LAS VEGAS

Aventura

Spanish Trail

Ten Oaks Tuscan Cliff s

Anthem Country Club

HENDERSON

COMMUNITY

The Fountains

MacDonald Highlands

Roma Hills Seven Hills - Terracina/ Venezia

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

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500K-$749K

22

32

41

2

1.4

$750K-$999K

24

44

41

3

2.2

$1M-$1.49M

35

55

27

3

2.7

$1.5M-$1.99M

27

22

21

2

2

$2M-$2.49M

18

13

14

1

2.7

$2.5M-$2.99M

12

11

2

1

9.2

$3M-$3.99M

14

15

5

0

4.8

$4M+

54

17

14

1

5.9

*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), 04/30/21.

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 | APRIL

APR '21

CLOSED SALES

MONTHLY & YEARLY

04/30/21

UNDER CONTRACT

04/30/21

ACTIVE LISTINGS

165 209 415

Over MAR '21

+6%

-7.9%

-0.7%

Over APR '20

+416%

+161.3%

-30.9%

MAR '21

156

227

418

APR '20

32

80

601

#2620GrassySpring

2620 GRASSY SPRING PLACE RED ROCK COUNTRY CLUB | $1,450,000

3,601 Square Feet | 4 Bedrooms | 5 Bathrooms | Two-Story Securely located behind the West guard gates of Red Rock Country Club—between the nearby mountains and the 17th fairway of the Arroyo golf course—this two-story home provides the foundation for an incredible lifestyle. Beyond the lush front garden and serene courtyard, discover a gorgeous interior with travertine flooring, brand new carpet, and quartz countertops. No matter where you are on the main level, a door to the courtyard or backyard is always nearby, so you can fully enjoy the peace and quiet of this neighborhood.

#9900AspenKnoll

9900 ASPEN KNOLL COURT REGENCY AT THE LAKES | $849,000

3,274 Square Feet | 3 Bedrooms | 4 Bathrooms | Single-Story Built on a .33-acre corner lot in the guard gated community of Regency at The Lakes, this single-story home with vaulted ceilings was designed for families who love to entertain. Beyond the front office and formal living/dining room, enter the great room—a generous space anchored by a gas and wood-burning fireplace finished in Palos Verdes stone. Multiple exits open to the expansive rear yard, where you can relax on the covered patio, unwind in the spa, or take a dip in the 30’x15’ swimming pool beneath mature palm trees.

TEAM SPOTLIGHT!

#2984SunLake

Mindy Walker SHOWING ASSISTANT | REALTOR® Once your home is listed on the Multiple Listing Service (MLS), our marketing is guaranteed to get the phone ringing. At that point, it’s time to start scheduling showings. Getting qualified buyers to see your home in person is the best way to sell it for top dollar. However, even the best agents can’t be everywhere at once. At the Rob Jensen Company, our non-traditional business model utilizes a team of licensed, salaried Realtors that help with all of our showings—including Mindy Walker, our Showing Assistant. With her support, we’re able to maximize your home’s exposure by accommodating more showing requests than an individual agent or your typical real estate team—whether each showing is scheduled in advance or requested at the last minute.

Mindy’s work begins long before buyers start reaching out to see your property. From the moment you choose to list with us, her focus is to understand everything that makes your home special—including unique features, upgrades, and community amenities—so she can share this information with potential buyers. This ensures that your property is unforgettable and empowers buyers to make informed decisions. To make showings as convenient as possible, Mindy confirms appointments ahead of time, shows up early to make sure everything looks great, and sticks around afterward to hit the lights, lock up, and notify you that it’s okay to come home.

A licensed Realtor and veteran of the hospitality service industry, Mindy shines in her face-to-face interactions with potential buyers. Dependable, patient, and driven, she brings an outstanding level of professionalism and an unmatched concierge attitude to the team.

As a lifelong visitor and recent resident of Las Vegas, Mindy loves having access to such a great variety of world-class dining experiences. Between showings, you’ll likely find her trying new restaurants with her fiancé, spending time with her family, or cheering on the Golden Knight’s at T-Mobile Arena—Go Knights Go! Mindy doesn’t wish California would fall into the ocean, but she does wish Las Vegas had a tropical beach. Until that happens, she’ll settle for trips to Kauai and Maui.

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

SOLD $5,335,000 8 SUN GLOW LANE THE RIDGES

SOLD $2,375,000

SOLD $2,070,000

1109 TROPHY HILLS DRIVE

2817 TURTLE HEAD PEAK DRIVE

SOLD $2,000,000

SOLD $999,000

11 GREELY CLUB TRAIL

2984 SUN LAKE DRIVE

TOURNAMENT HILLS

ANTHEM COUNTRY CLUB

robjensenco

RED ROCK COUNTRY CLUB

DESERT SHORES

robjensen.com

702.605.7480