Rob's Report - August 2020

ROB'S REPORT

SUMMERLIN, L AS VEGAS, & HENDERSON AUGUST 2020

491 TOUCAN RIDGE COURT

#491ToucanRidge

MACDONALD HIGHLANDS | $2,200,000

6,404 Square Feet | 6 Bedrooms | 7 Bathrooms | Two-Story Awe-inspiring design meets country club living at this custom two-story estate with frontage on the 7th fairway of DragonRidge Country Club, an 18-hole championship golf course in the exclusive guard gated community of MacDonald Highlands. Beyond the seven mature palm trees that shade the front garden and courtyard, discover an elegant, contemporary interior defined by limestone, granite, and marble finishes, wood-encased doors and windows, and maple plank ceilings. Among many other amenities, this home showcases two master suites, an infinity-edge pool, a chef’s kitchen with stainless steel Wolf and Sub-Zero appliances, as well as a grand living room with 24’ ceilings, an onyx wet bar, and a majestic wall of windows to let the outside beauty in.

Dear Friends, WOW! The Las Vegas guard gated market is on fire. In July, year-over-year sales were up 23%. Pending sales jumped more than 20% since June and checked in with a 56% gain over 2019. But it's not only a healthy resale market, custom home lot sales are also up.

For sellers, right now, the market is on your side. Thanks to fast-moving corporate changes and work-from-home directives, there's an uptick in interest nationally in guard gated homes in Las Vegas. Our digital marketing strategies have always reached high-income demographics in traditionally high-priced markets like Los Angeles, San Francisco, and Chicago, engaging those who are interested in Las Vegas' unique luxury lifestyle. But now, that group is larger, more motivated, and contributes to attractive absorption rates in the local guard gated market.

If you are considering selling, now is the time for us to have a conversation.

Seller Pro-Tip: iPads make reading convenient, but they don't replace the feeling of cracking open a favorite book and turning its pages. This kind of multisensory experience also matters in real estate. My company was early to embrace digital. Still, when accompanying a home-buying client to a listing, it's stunning to see a seven-figure property without a home brochure. A quality brochure produced with the right weight and finish paper that tells a story through strong photography and useful copy, like lists of upgrades and floorplans, allows for a connection with the property long after a showing.

On paper and through digital, we make it easy for buyers to visualize where their furniture will go, how the light will hit a bedroom in the morning or the pool at sunset. We anticipate questions about things like taxes, HOA fees and policies, and schools, and offer answers in brochures and on digital platforms. Knowledge builds confidence, and that's key for a buyer to write an offer.

Buyer Pro-Tip: The most prepared buyer wins their dream home, especially in a competitive market. If securing a loan, be sure to have full underwritten loan approval. Cash buyers should be ready to show a seller proof of funds like bank or brokerage statements. (Note: Account numbers can be marked out.) Work with a Realtor. DIY is great for some things but when it comes to significant life transactions, having an experienced agent not only means access to the latest listings, but someone to guide you should a deal hit a speed bump.

The Las Vegas guard gated real estate market is a bright spot in today’s complicated world. Let’s connect to talk in more detail.

It's a good life, Rob Jensen Broker / President 702.605.7480 B.0143770.LLC

FOR THE MONTH OF| APRIL 2017 SOLD PROPERTIES GUARD GATED FOR THE MONTH OF JULY 2020

SUMMERLIN ADDRESS Canyon Fairways 9302 Canyon Classic Drive Country Club Hills 1825 Glenview Drive 1912 Glenview Drive Country Rose Estates 2120 Timber Rose Drive 2209 Timber Rose Drive Eagle Hills 9105 Eagle Hills Drive Eagle Rock 413 Proud Eagle Lane Red Rock Country Club 3162 Dove Run Creek Drive 2745 Evening Rock Street 3290 Mission Creek Court 11642 Morning Grove Drive 2516 Peaceful Prairie Court 2800 Peaceful Grove Street 2575 Turtle Head Peak Drive 2897 Turtle Head Peak Drive Reverence 10970 Ansel Drive 10990 Ansel Drive 3019 Fall Solstice Court 10820 Luna Blanca Drive 2950 Raywood Ash Drive 3091 Reverence Heights Lane 11170 Torch Cactus Drive The Ridges 4222 Bronze Ridge Street 4226 Bronze Ridge Street 28 Morning Glow Lane 53 Painted Feather Way 66 Pristine Glen Street 37 Promontory Ridge Drive 18 Sugarberry Lane 41 Sun Glow Lane

SF

LAS VEGAS PRICE

P/SF

5,656

$1,900,000

$336

3,098 4,629

$955,000 $1,100,000

$308 $238

3,231 2,417

$475,000 $455,000

$147 $188

6,101

$1,600,000

$262

4,078

$862,302

$211

4,423 3,147 3,455 4,578 2,508 3,455 3,147 3,823

$1,165,000 $1,332,500 $930,000 $1,100,000 $789,000 $850,000 $1,365,000 $1,700,000

$263 $423 $269 $240 $315 $246 $434 $445

2,123 2,441 2,346 3,956 2,852 3,741 3,901

$729,033 $661,489 $629,075 $1,575,000 $1,000,000 $855,000 $1,350,000

$343 $271 $268 $398 $351 $229 $346

4,888 5,047 5,366 11,361 4,172 5,312 3,776 4,406

$2,350,000 $3,305,000 $2,800,000 $4,950,000 $1,250,000 $2,725,000 $1,237,500 $3,000,000

$481 $655 $522 $436 $300 $513 $328 $681

12,716

$3,050,000

$240

Tournament Hills 9000 Players Club Drive The Vineyards 1621 Saintsbury Drive 1632 Saintsbury Drive

3,888 4,207

$780,000 $850,000

$201 $202

ADDRESS

SF

Canyon Gate 8856 Rainbow Ridge Drive 8617 Scarsdale Drive Queensridge 9701 Camden Hills Avenue 9616 Gavin Stone Avenue 9712 Royal Lamb Drive 9716 Royal Lamb Drive Regency at the Lakes 9900 Robin Oaks Drive 10001 Robin Oaks Drive 10025 Robin Oaks Drive Southern Highlands 106 Highland Crown Road 11857 Oakland Hills Drive 36 Olympia Canyon Way 92 Olympia Chase Drive 46 Olympia Hills Circle Spanish Trail 7869 Bermuda Dunes Avenue 41 Princeville Lane (REO) Tuscan Cliffs 4202 San Alivia Court 11318 San Arezzo Place 11106 Villa Bellagio Drive

PRICE

P/SF

2,747 6,540

$744,900 $1,350,000

$271 $206

3,681 3,999 3,417 3,149

$641,200 $705,000 $550,000 $680,000

$174 $176 $161 $216

4,883 4,330 3,823

$1,200,000 $875,000 $778,000

$246 $202 $204

6,103 5,099 6,214 6,103 11,288

$2,720,000 $1,850,000 $3,380,000 $1,799,900 $6,350,000

$446 $363 $544 $295 $563

3,507 7,372

$718,000 $1,100,000

$205 $149

4,706 3,642 6,664

$915,000 $801,990 $2,850,000

$194 $220 $428

HENDERSON ADDRESS Anthem Country Club 19 Caprington Road 9 Chatmoss Road 21 Chenal Pass 33 Desert Highlands Drive 44 Fountainhead Circle 4 Greely Club Trail 32 Holston Hills Road 35 Isleworth Drive 3 Panther Creek Court 12 Plum Hollow Drive MacDonald Highlands 1716 Cypress Manor Drive 1422 Foothills Village Drive 487 Toucan Ridge Court 665 Tranquil Rim Court Seven Hills - Terracina/Venezia 2676 Ponte Vecchio Terrace 2681 Ponte Vecchio Terrace

SF

PRICE

P/SF

2,076 2,076 4,255 3,037 1,792 7,956 2,614 3,571 2,295 3,693

$555,000 $533,000 $1,355,000 $775,000 $512,000 $3,000,000 $725,000 $1,335,000 $539,000 $950,000

$267 $257 $318 $255 $286 $377 $277 $374 $235 $257

3,662 3,739 4,405 6,472

$750,000 $1,250,000 $1,490,000 $3,250,000

$205 $334 $338 $502

7,494 5,283

$2,500,000 $1,375,000

$334 $260

No closed sales for the month of July in Aventura, Bellacere, Corta Bella, Mountain Trails, The Palisades, Willow Creek, Spanish Hills, Ten Oaks, The Fountains, Hillsboro Heights, Legacy Estates, Roma Hills, and Seven Hills - Rapallo REO - Bank Owned Foreclosure

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

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500K-$749K

82

43

29

10

4

$750K-$999K

86

46

19

2

8

$1M-$1.49M

76

30

19

3

6.1

$1.5M-$1.99M

69

13

6

0

11.7

$2M-$2.49M

41

9

1

1

33.3

$2.5M-$2.99M

24

5

5

1

7.3

$3M-$3.99M

22

14

6

1

9

$4M+

63

10

2

1

48.7

*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), 07/31/20.

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 | JULY

JULY '20

CLOSED SALES

87

MONTHLY & YEARLY

7/31/20

UNDER CONTRACT

7/31/20

ACTIVE LISTINGS

170 633

Over June '20

+10%

+20.6%

-0.3%

Over July '19

+23%

+56%

-3.5%

JUNE '20

79

141

635

JULY '19

71

109

656

9413 VERLAINE COURT

#9413Verlaine

QUEENSRIDGE | $2,299,900

7,264 Square Feet | 5 Bedrooms | 6 Bathrooms | Two-Story Artfully designed by the architect behind Tivoli Village and One Queensridge Place, this two-story estate in the guard gated community of Queensridge North is the epitome of European elegance. From striking natural stone facades to palatial interior spaces, no detail has been spared. Artisan finishes include hand-laid Venetian plaster, custom ironwork, mosaic art pieces, limestone tile, and stone baseboards. This incredible property showcases a gourmet kitchen, air-conditioned lanai, soundproof theater, 15’ by 45’ infinity-edge pool, and much more.

1772 AMARONE WAY

#1772Amarone

ROMA HILLS | $2,349,900

7,177 Square Feet | 5 Bedrooms | 7 Bathrooms | Custom Two-Story Built in 2014, this custom two-story estate is among the newest homes in Roma Hills, a 24-hour guard gated community located in the quiet foothills of Green Valley. From the striking entryway—where a monumental waterfall feature trickles down from 22’ ceilings—to the vein cut travertine and natural stone finishes, every detail celebrates the serene desert backdrop. Incredible features of this home include a 14-seat theater room, a climate-controlled 600+ bottle wine room, disappearing pocket doors that open to the resort-style pool and spa, and much more. Peace, privacy, and endless entertainment are the cornerstones of this property.

TEAM SPOTLIGHT!

Mark Halili

LISTINGS MANAGER

As the Listings Manager for the Rob Jensen Company, Mark Halili is responsible for bringing our new listings to life. From procuring the initial listing information to posting it on national and global websites to attract the right buyers, there is no shortage of work to be done—and Mark does it well.

Once a new listing is taken on, Mark jumps into action by communicating with our sellers to schedule our vendors and in-house specialists. This ensures that we have all the professional photography, videography, and copy we need to create print and online marketing materials before the listing goes live. Mark also gets out of the office to take notes and measurements for the MLS—and to create virtual home tours using a Matterport 3D camera. His dedication to consistency and accountability ensures that every listing is not only accurate but also appealing.

That way, when a buyer sees your property online, it will be seen in its best light.

In his personal life, Mark is motivated by progression. Whether it’s building a new skillset or striving for a goal, Mark always looks for a reason to put his best foot forward. These values continue in the workplace, where Mark’s adaptive nature allows him to continually improve his workflow by creating new systems and learning ways to improve.

Mark is happiest when he and his closest friends and family members are making progress toward their life purpose. Mark loves good food, playing sports, and the beach life. His motto is one that many could learn from: “Never compromise your values for what you want now or what is easiest."

10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 B.0143770.LLC

2913 COAST LINE COURT THE LAKES | $1,650,000

UNDER CONTRACT

9805 HIGHRIDGE DRIVE

MOUNTAIN TRAILS | $1,287,080

robjensenco

robjensen.com

702.605.7480