Rob's Report - July 2021

ROB'S REPORT

SUMMERLIN, L AS VEGAS, & HENDERSON J U LY 2 0 2 1

#9736Verlaine

9736 VERLAINE COURT QUEENSRIDGE | $1,595,000

4,879 Square Feet | 4 Bedrooms | 5 Bathrooms

Scan me to watch the 3 minute property video

This is your opportunity to own a two-story home in the guard gated community of Queensridge North. Park your cars behind the remote-controlled driveway gate, and enter your private retreat. From travertine halls to comfortably carpeted living spaces, this traditional floor plan contains a wealth of generous rooms—a living room and dining room with double-height ceilings, an expansive family room, and a beautifully appointed kitchen in the heart of it all. Residents of Queensridge are only minutes away from exceptional shopping, dining, and entertainment at Tivoli Village, Boca Park, and Downtown Summerlin.

900 PONT CHARTRAIN DRIVE | QUEENSRIDGE

Dear Friends, As we enter the third quarter of 2021, the luxury real estate market continues to thrive. In Q2, there were 485 sales for properties over $1M. Compare this number to the 112 sales in Q2 of 2020 (when Covid-19 lockdowns were just beginning) and the 171 sales in Q2 of 2019 (a great year for real estate). Closed sales were up 280% over Q2 of 2019! Looking at the guard gated real estate market as a whole, June saw total inventory down 40.9% and closed sales up 65% year over year. The number of sales pending at the end of June was down just 5.1% from 176 in May to 167 in June. As many have learned by now, it’s a fantastic time to take advantage of this seller’s market.

However, as strong as the market is, I still see mistakes being made.

Mistake #1: Sellers are putting properties up for sale with uncooperative, messy tenants.

It can be nice to sell while someone is covering your mortgage, and it prevents downtime. However, most tenants have no incentive to cooperate with a busy showing schedule and keep the home “show ready” at all times. If you must sell with your tenant in place, try to work out an incentive to help them help you. If you can afford to have them vacate the home first, that’s even better.

Mistake #2: Agents are cutting corners on marketing.

When the market is hot, many sellers and agents don’t think marketing matters, but that’s not the case. Exposing your home to the highest number of qualified buyers will always be the best way to get you the highest sales price in the shortest amount of time. This is why we continue to invest more in our marketing every year. Take a look at our Matterport feature in this newsletter to better understand 3D virtual tours—something every listing should have to help out-of-state buyers but that most listings don’t.

Mistake #3: Sellers are skipping even the bare minimum of staging and repairs.

Yes, it’s true; in this market, you can probably get away with doing little to nothing, but the condition of a property will always affect its final sales price. If netting the highest amount of money is important to you, then having your home show its best is a smart investment.

Give us a call, and we’ll help you take full advantage of today’s market conditions.

Sincerely, Rob Jensen Broker / President 702.605.7480 B.143770

FOR THE MONTH OF| APRIL 2017 SOLD PROPERTIES GUARD GATED FOR THE MONTH OF JUNE 2021

Country Club Hills Country Rose Estates Eagle Hills Eagle Rock

SUMMERLIN

The Palisades

Red Rock Country Club

Reverence

The Ridges

The Vineyards Willow Creek

Canyon Gate

LAS VEGAS

One Queensridge Place

Queensridge

Southern Highlands

ADDRESS

PRICE

P/SF

4,034

$975,000

$242

8825 Rozetta Court

4,034

$929,000

$230

2048 Glenview Drive

4,140

$1,700,000

$411

8900 Tavistock Court

4,547

$1,500,000

$330

1812 Wincanton Drive

4,588

$1,649,000

$359

2012 Spring Rose Street

2,934

$465,000

$158

9201 White Tail Drive

5,057

$1,250,000

$247

453 Pinnacle Heights Lane

4,108

$1,450,000

$353

504 Pinnacle Heights Lane

3,556

$1,050,000

$295

713 Proud Eagle Lane

3,763

$1,100,000

$292

404 North Royal Ascot Drive

6,179

$1,600,000

$259

2075 Alcova Ridge Drive

5,037

$2,525,000

$501

2904 Dove Run Creek Drive

3,455

$1,110,000

$321

3143 Elk Clover Street

4,287

$1,400,000

$327

11575 Evergreen Creek Lane

5,268

$2,000,000

$380

11494 Glowing Sunset Lane

2,712

$1,125,000

$415

11675 Glowing Sunset Lane

4,410

$1,900,000

$431

11344 Golden Chestnut Place

3,496

$1,200,000

$343

11309 La Madre Ridge Drive

3,460

$1,005,000

$290

11606 Morning Grove Drive

5,555

$2,900,000

$522

2506 Peaceful Prairie Court

2,508

$850,000

$339

3296 Rabbit Brush Court

2,243

$770,000

$343

3289 Saddle Soap Court

2,291

$850,000

$371

11562 Snow Creek Avenue

3,455

$1,425,000

$412

10890 Red Yucca Drive

2,214

$825,000

$373

3131 Reverence Heights Lane

3,902

$1,675,000

$429

19 Garden Rain Drive

3,776

$1,950,000

$516

26 Garden Rain Drive

3,562

$1,999,000

$561

23 Meadowhawk Lane

7,453

$5,585,000

$749

17 Moonfire Drive

4,172

$1,870,000

$448

62 Pristine Glen Street

4,172

$1,800,000

$431

81 Pristine Glen Street

3,562

$1,875,000

$526

1204 Muscato Court

3,888

$1,345,000

$346

1621 Saintsbury Drive

3,888

$1,290,000

$332

2720 Desert Troon Street

3,740

$1,500,000

$401

10751 Portchester Court

4,308

$1,350,000

$313

8913 Canyon Springs Drive (SS)

5,056

$1,025,448

$203

8748 Double Eagle Drive

4,000

$925,000

$231

2020 Gray Eagle Way

3,954

$1,400,000

$354

9029 Robinson Ridge Drive

3,029

$950,000

$314

9101 Alta Drive, #207

2,271

$727,500

$320

9101 Alta Drive, #302

3,856

$2,317,000

$601

9103 Alta Drive, #905

3,355

$1,468,000

$438

9103 Alta Drive, #1007

2,271

$785,000

$346

9103 Alta Drive, #1202

3,856

$2,300,000

$596

9633 Camden Hills Avenue

3,681

$800,000

$217

9724 Foxtrap Avenue

3,417

$688,888

$202

1000 Greystoke Acres Street

2,950

$824,900

$280

300 Prince Charming Court

4,190

$1,010,000

$241

300 Queens Gate Court

4,468

$1,600,000

$358

25 Carolina Cherry Drive

3,904

$1,050,000

$269

26 Carolina Cherry Drive

3,904

$1,249,000

$320

30 Olympia Outlook Drive

6,103

$2,800,000

$459

45 Olympia Ridge Drive

6,103

$2,900,000

$475

3356 Saddlebrook Street

3,220

$1,349,000

$419

COMMUNITY

LAS VEGAS

Corta Bella

SF

8809 Cortile Drive

Spanish Trail

Tuscan Cliff s

Anthem Country Club

HENDERSON

COMMUNITY

Ascaya The Fountains

Hillsboro Heights

ADDRESS

SF

PRICE

P/SF

10 Burning Tree Court

4,545

$1,275,000

$281

47 Cascade Creek Lane

5,955

$1,550,000

$260

55 Gulf Stream Court

5,783

$1,238,000

$214

78 Innisbrook Avenue

6,945

$2,600,000

$374

61 Princeville Lane

9,277

$3,000,000

$323

8253 Turtle Creek Circle

3,507

$680,500

$194

11278 San Arezzo Place

4,487

$1,325,000

$295

4095 Villa Rafael Drive

5,614

$1,400,000

$249

14 Belfair Court

3,571

$1,300,000

$364

2 Brays Island Drive

3,057

$950,000

$311

17 Brays Island Drive

3,136

$949,000

$303

60 Colleton River Drive

2,783

$907,000

$326

43 Desert Highlands Drive

3,592

$1,460,000

$406

18 Emerald Dunes Circle

1,613

$651,000

$404

6 Fallows Fire Court

1,833

$789,000

$430

9 Fountainhead Circle

1,393

$499,000

$358

35 Gladewater Drive

1,905

$670,000

$352

17 Hammock Dunes Court

1,940

$643,000

$331

22 Highland Creek Drive

6,837

$4,360,000

$638

11 Kennesaw Road

2,076

$680,000

$328

12 Moraine Drive

2,678

$802,000

$299

3 Sankaty Circle

6,892

$4,200,000

$609

46 Stonemark Drive

3,848

$1,340,000

$348

18 Weston Hills Road

1,905

$800,000

$420

22 Weston Hills Road

2,076

$635,000

$306

12 Winding Road

3,449

$1,210,000

$351

17 Yorkridge Court

9,469

$5,200,000

$549

8 Rockmount Court

12,101 $14,690,000 $1,214

2331 Prometheus Court

5,288

$1,300,000

$246

2268 Trafalgar Court

3,958

$1,200,000

$303

2210 Versailles Court

4,198

$1,175,000

$280

193 Courtney Ann Drive

5,496

$1,050,000

$191

1883 Fairfield Terrace

3,934

$670,000

$170

177 Knollwood Court

3,208

$800,000

$249

134 Augusta Street

4,528

$1,200,000

$265

1733 Choice Hills Drive

4,427

$1,275,000

$288

1740 Choice Hills Drive

3,224

$1,055,000

$327

685 Dragon Peak Drive

15,000 $25,000,000 $1,667

1447 Foothills Village Drive

2,792

$1,050,000

$376

1485 Foothills Village Drive

9,508

$6,400,000

$673

1668 Liege Drive

7,281

$1,575,000

$216

505 Regents Gate Drive

8,259

$3,450,000

$418

1675 Tangiers Drive

5,089

$2,150,000

$422

482 Toucan Ridge Court

6,605

$4,000,000

$606

Seven Hills Rapallo

1277 Imperia Drive

5,880

$2,600,000

$442

Seven Hills - Terracina/ Venezia

1610 Villa Rica Drive

7,223

$4,000,000

$554

Legacy Estates

MacDonald Highlands

No closed sales for the month of June in Aventura, Bellacere, Canyon Fairways, Mountain Trails, The Summit, Tournament Hills, Regency at the Lakes, Spanish Hills, Ten Oaks, Roma Hills

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

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500K-$749K

20

18

27

4

1.5

$750K-$999K

24

41

28

1

2.3

$1M-$1.49M

25

37

40

4

1.5

$1.5M-$1.99M

26

20

18

4

2.9

$2M-$2.49M

19

12

3

1

3.1

$2.5M-$2.99M

13

6

7

0

2.5

$3M-$3.99M

26

13

2

0

9.8

$4M+

55

20

10

0

8.3

*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), 06/30/21.

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 | JUNE

JUN '21

CLOSED SALES

MONTHLY & YEARLY

06/30/21

UNDER CONTRACT

06/30/21

ACTIVE LISTINGS

135 167 375

Over MAY '21

-8%

-5.1%

Over JUN '20

+65%

+18.4%

0% -40.9%

MAY '21

147

176

375

JUN '20

82

141

635

#12108VistaLinda

12108 VISTA LINDA AVENUE THE PASEOS | $1,150,000

3,387 Square Feet | 4 Bedrooms | 4 Bathrooms

Scan me to watch the 3 minute property video

From the slopes of Summerlin’s Paseos village, discover an elevated lifestyle at this two-story Toll Brothers home in Las Lomas, a gated community adjacent to Paseos Park. To provide lush, low-maintenance living, major landscaping improvements have been made to the property. Recent upgrades include new pavers on the driveway, walkway, and courtyard, a custom outdoor kitchen, and a pool and spa refinished with Radiant Fusion pebble. Built in a prime location—minutes from Red Rock Canyon, Downtown Summerlin, Red Rock Casino Resort & Spa, and some of the most desirable schools in the valley—this community provides a perfect balance between city living and natural beauty.

3D SHOWCASE |

DIGITAL OPEN HOUSE

3D Showcase is your 24/7 open house on robjensen.com. Because these digital spaces are made from real-world 2D and 3D data, the 3D Showcase becomes a powerful tool to give prospective buyers an accurate sense of your property—before they ever step through the door.

Once the model of your home is processed, we upload the tour to RobJensen.com, the MLS, and Zillow.

We also advertise it on printed marketing materials using a QR code.

DOLLHOUSE VIEW •

Get a feel for the whole home and layout by maneuvering around this interactive 3D model.

Using your phone, scan the QR code to take the interactive 3D tour.

*While the 3D Showcase looks great on your phone, most buyers will see it on a laptop or desktop during their online home search. That’s where digital open houses really shine.

Featured Property: 3093 Red Arrow Drive | Red Rock Country Club

INSIDE VIEW •

Navigate through the high-quality, interactive 3D tour to view every room in the house.

•

See kitchen appliances, bathroom finishes, light fixtures, and more.

•

Take a look at stunning views from balconies and other surrounding areas of the home, such as the backyard and entryway.

•

Use "Measurement Mode" to measure walls, doors, and even furniture.

FLOORPLAN VIEW •

Easily identify each room in the home with clear and defined labels.

•

Select any floor for quick overviews.

•

Click on any labeled room to instantly view from the "Inside View. "

TEAM SPOTLIGHT!

Monica Nalbantoglu

DIRECTOR OF SALES | REALTOR® Monica is a seven-year veteran Realtor in Las Vegas and currently the Director of Sales for the Rob Jensen Company. Over the years, Monica has honed her skills working with both buyers and sellers.

She now works alongside Broker/Owner Rob Jensen to meet with prospective clients, prepare CMAs, and present our unique brokerage model that ultimately puts our clients first.

Communicating almost daily with our sellers and buyers, Monica ensures that our clients’ homes close as smoothly as possible. Whether it’s an initial meeting with a prospective seller, negotiation of an offer, or a day of showings with one of our buyers, Monica knows the ins and outs of both the seller’s and buyer’s markets.

In addition to working closely with Rob and our clients, Monica trains and oversees our sales team, ensuring that someone will always be available and knowledgeable when it comes to showing your home. She is confident in her approach to listing and selling properties and is a skilled negotiator.

In her rare spare time, Monica enjoys international travel, reading, cooking, and especially spending time with her daughter.

“Nothing is better than seeing the joy on my client’s face when I hand them the keys to the home I introduced them to and that they fell in love with.”

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

SOLD $1,400,000 2620 GRASSY SPRING PLACE RED ROCK COUNTRY CLUB

SOLD $850,000 587 LAIRMONT PLACE MACDONALD HIGHLANDS

robjensenco

robjensen.com

702.605.7480