Rob's Report - October 2020

ROB'S REPORT

SUMMERLIN, L AS VEGAS, & HENDERSON OCTOBER 2020

2168 ORCHARD MIST STREET

#2168OrchardMist

RED ROCK COUNTRY CLUB | $1,650,000

5,224 Square Feet | 4 Bedrooms | 6 Bathrooms | Two-Story This two-story home is located where the 2nd and 6th tee boxes of the Arroyo Golf Course meet—safely tucked behind the West guard gates of Red Rock Country Club. Wrapped around a gated driveway and serviced by multiple exits to covered patios and balconies, this home was designed for indoor/outdoor living.

Standout features include an upper-level master suite with Strip and golf course views, a Pebble Tec infinity pool and spa, and a Control4 home automation system.

Happy Fall, September sales remained strong with 106 guard gated sales—down just 1 sale from August. Normally, this is the time of year that sales start to taper off, but it looks like we will finish this year strong, Vegas Strong. There were 190 guard gated homes under contract as of September 30th, an increase of 19.5% over August 2020 and 77.6% over September 2019! It appears that regardless of who is elected President, there will be more stimulus coming. This leads me to believe the market will remain frothy well into next year.

Look at our Absorption Rate chart to better understand the supply and demand broken down by price point. When it comes time to price your home to sell, knowing the closed sales of comparable homes is a good starting point because buyers and their appraisers (if applicable) will be looking at them. Understanding the competition is very important.

There are some sections of the market with little to no inventory of certain types of homes. This creates an opportunity to push for a higher price than you may have initially expected.

Open house restrictions due to COVID-19 have been loosened. Open houses are now allowed with one party at a time, and we look forward to meeting you at one. If you find that the front door is locked and there’s a note asking you to wait until the current showing ends, just know that we’re following the new guidelines. We promise we will get to you as quickly as possible. Drop us a line if you’d like to get on our open house email list. If you’d prefer not to wait until the weekend, give us a call, and we’ll schedule you a private showing appointment.

Sincerely, Rob Jensen Broker / President 702.605.7480 B.0143770.LLC

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

SUMMERLIN ADDRESS

SF

LAS VEGAS PRICE

P/SF

Aventura 201 Aventura Street 10001 Mirada Drive 128 Tesoro Drive Canyon Fairways 9273 Tournament Canyon Drive Country Club Hills 9041 Waterfield Court Country Rose Estates 9701 Cameo Rose Lane 2200 Timber Rose Drive Mountain Trails 9805 Highridge Drive 2300 Pearl Crest Street 2208 Point Rock Lane Red Rock Country Club 11648 Glowing Sunset Lane 2465 Grassy Spring Place 2685 Grassy Spring Place 2481 Hollow Rock Court 11267 La Madre Ridge Drive 2107 Orchard Mist Street (SS) 2780 Peaceful Grove Street 2578 Red Arrow Drive 2885 Red Arrow Drive Reverence 11217 Black Fire Opal Drive 11391 Snow Leopard Drive 11090 Torch Cactus Drive The Ridges 28 Cross Ridge Street 25 Drifting Shadow Way 58 Glade Hollow Drive 38 Grey Feather Drive 20 Lookout Ridge Drive 68 Midnight Ridge Drive 5 Promontory Pointe Lane 32 Skybird Court Willow Creek 3030 Hammerwood Drive 3041 Hammerwood Drive

3,023 3,423 3,423

$739,000 $895,000 $765,000

$244 $261 $223

4,078

$1,400,000

$343

4,046

$1,125,000

$278

2,289 3,267

$545,000 $655,000

$238 $200

5,027 7,193 7,648

$1,183,700 $1,979,000 $1,825,000

$235 $275 $239

3,823 5,668 3,601 2,712 3,455 4,274 3,085 5,687 6,157

$1,350,000 $1,515,000 $1,067,500 $627,500 $775,000 $850,000 $1,200,000 $1,585,000 $2,122,000

$353 $267 $296 $231 $224 $199 $389 $279 $345

2,350 5,576 4,141

$737,000 $1,399,000 $1,325,000

$314 $251 $320

4,179 5,706 4,618 3,776 6,126 4,405 14,918 8,604

$1,299,999 $4,275,000 $1,900,000 $1,285,000 $3,000,000 $2,250,000 $10,150,000 $2,850,000

$311 $749 $411 $340 $490 $511 $680 $331

4,016 4,572

$1,000,000 $1,265,000

$249 $277

No closed sales for the month of September in Bellacere, Corta Bella, Eagle Hills, Eagle Rock, The Palisades, Tournament Hills, The Vineyards, Regency at the Lakes, Spanish Hills, Spanish Trail, Ten Oaks, Hillsboro Heights, Legacy Estates, and Seven Hills - Rapallo SS - Short Sale

ADDRESS

SF

Canyon Gate 8744 Double Eagle Drive 8609 Scarsdale Drive Queensridge 708 Charbonne Place 9432 Queen Charlotte Drive Southern Highlands 38 Carolina Cherry Drive 11807 Oakland Hills Drive 11886 Port Labelle Drive 11925 Port Labelle Drive 12 Vintage Canyon Street Tuscan Cliffs 11288 San Arezzo Place 11348 San Arezzo Place 11242 San Terrazo Place

PRICE

P/SF

2,747 4,214

$670,000 $1,100,000

$244 $261

3,886 3,497

$817,000 $674,900

$210 $193

3,821 5,938 5,039 5,099 8,886

$962,500 $1,650,000 $1,550,000 $1,700,000 $2,475,000

$252 $278 $308 $333 $279

4,617 3,550 6,034

$945,000 $809,900 $2,650,000

$205 $228 $439

HENDERSON ADDRESS Anthem Country Club 50 Contra Costa Place 9 Corral De Tierra Place 22 Douglas Grove Road 5 Fallows Fire Court 10 Hassayampa Trail 15 Hassayampa Trail 2 Holston Hills Road 3 Ibis Court 1 Karsten Creek Court 2 Marsh Landing Court 1 Moss Springs Court 17 Oro Valley Drive 6 Paradise Valley Court 11 Plum Hollow Drive 30 Plum Hollow Drive 4 Sankaty Circle 38 Stonemark Drive The Fountains 2275 Buckingham Court 2289 Buckingham Court 2231 Chatsworth Court 2225 Versailles Court MacDonald Highlands 505 Dragon Gate Court 1348 Enchanted River Drive 671 Solitude Rock Court 491 Toucan Ridge Court Roma Hills 1790 Amarone Way Seven Hills - Terracina/Venezia 2671 Boboli Court 2605 Vinci Court

SF

PRICE

P/SF

3,037 6,208 3,848 2,005 5,756 4,025 2,678 3,693 3,600 5,624 6,635 2,172 7,218 3,537 3,693 5,344 3,848

$775,000 $2,300,000 $869,000 $596,000 $1,050,000 $1,299,900 $679,900 $925,000 $1,075,000 $1,250,000 $3,100,000 $640,000 $3,700,000 $749,000 $910,000 $1,200,000 $885,000

$255 $370 $226 $297 $182 $323 $254 $250 $299 $222 $467 $295 $513 $212 $246 $225 $230

3,202 9,805 4,649 4,543

$815,000 $2,025,000 $846,000 $830,000

$255 $207 $182 $183

8,600 5,555 5,015 6,404

$4,700,000 $1,680,000 $2,900,000 $2,000,000

$547 $302 $578 $312

3,886

$895,000

$230

5,848 5,287

$1,535,000 $1,590,000

$262 $301

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

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500K-$749K

74

49

34

6

3.8

$750K-$999K

76

51

23

3

4.5

$1M-$1.49M

62

36

18

3

5.6

$1.5M-$1.99M

54

21

15

5

7.5

$2M-$2.49M

37

13

6

0

11.1

$2.5M-$2.99M

22

3

3

2

6.3

$3M-$3.99M

23

7

3

2

5.5

$4M+

66

10

4

1

15.2

*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), 09/30/20.

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 | SEPTEMBER

SEPT '20

CLOSED SALES

MONTHLY & YEARLY

09/30/20

UNDER CONTRACT

09/30/20

ACTIVE LISTINGS

106 190 604

Over Aug '20

-1%

+19.5%

-0.7%

Over Sept '19

+58%

+77.6%

-4.9%

AUG '20

107

159

608

SEPT '19

67

107

635

#3770Caesars

3770 CAESARS CIRCLE

VERDE VALLE ESTATES | $1,700,000 5,569 Square Feet | 3 Bedrooms | 5 Bathrooms | Single-Story A rare and enriching lifestyle awaits at this custom single-story home with a second-level theater. This estate is built on nearly half an acre in Verde Valle Estates—an exclusive gated community of just nineteen custom homes. Artfully designed in the Tuscan style, this home features old-world stone, brick, and wood facades, custom wrought iron finishes, designer millwork, and a multitude of wood-encased French doors for indoor/ outdoor living. From the chef’s kitchen—which features a true prep kitchen—to the expansive yard with a pool, spa, and casita, every detail has been designed for endless entertainment.

PRICE REDUCED

#11434GlowingSunset

11434 GLOWING SUNSET LANE RED ROCK COUNTRY CLUB | $1,099,000

3,455 Square Feet | 4 Bedrooms | 5 Bathrooms | Two-Story A rare lifestyle awaits at this two-story home, located behind the West guard gates of Red Rock Country Club. Built on a .21-acre lot overlooking the 11th tee box of the private Mountain golf course, this home boasts fairway and mountain views and over $19,000 in recent upgrades—including new quartz countertops in the kitchen and all bathrooms. Beyond the iron-gated entry, discover a spacious interior deďŹ ned by travertine tile and stained cherry wood built-ins. Two exits serve the rear yard, where you can take a swim in the pool or soak in the raised spa while marveling at the surrounding natural beauty.

TEAM SPOTLIGHT!

Stacey Short INSIDE SALES AGENT

Online advertising and print marketing are essential, but at the Rob Jensen Company, we don’t stop there. To promote your luxury listing and upcoming open houses, we take a proactive approach by calling potential buyers directly. Not only do we reach out to our current Rolodex of buyers, but also residents of the neighborhoods we specialize in. Consumers are served up to 10,000 ads per day, so a little bit of direct outreach helps to cut through the clutter. That’s where Stacey Short, our Inside Sales Agent, comes in. In addition to our team members following up with active clients, Stacey is the backbone of our day-to-day outreach.

While the rest of the sales staff might get swept up in a busy week of sales, Stacey is on the phone all day.

Using her bubbly personality and natural desire to serve, she complements our marketing by making sure buyers know that your property is for sale. It’s common for neighbors to love the community they live in, and many are looking to upsize or downsize. Stacey’s outreach ensures that no one slips through the cracks—whether that means your neighbors down the street, buyers in a similar community, or their friends and family looking to move.

Stacey brings over 12 years of hospitality service to the team. She graduated from the University of Oklahoma with a B.A. in Psychology, a minor in Criminology, and recently became triple-certified as a Life/Clarity/Health Coach from Health Coaches Institute. Compassionate, inquisitive, and empathetic, she has always been passionate about helping people—a passion reflected in her day-to-day interactions with team members and clients.

In her spare time, Stacey uses her coaching skills to help people rework their lives in a positive and fulfilling way. She enjoys watching movies with her two teenage sons, picking their brains about life, but mostly laughing with them and her friends—because, as she puts it, "there’s nothing like a good make-yourbelly-hurt-crying laugh for the soul.”

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

SOLD $1,979,000

SOLD $2,000,000 491 TOUCAN RIDGE COURT

2300 PEARL CREST STREET

MACDONALD HIGHLANDS

MOUNTAIN TRAILS

SOLD $1,325,000

SOLD $1,575,000 2913 COAST LINE COURT

11090 TORCH CACTUS DRIVE

SOLD $1,183,700

SOLD $940,000

9805 HIGHRIDGE DRIVE

10121 EDGECLIFF LANE

THE HEIGHTS AT REVERENCE

THE LAKES

CANYON CREST

MOUNTAIN TRAILS

SOLD $655,000

SOLD $850,000

2200 TIMBER ROSE DRIVE

9212 TESORAS DRIVE, #401

COUNTRY ROSE ESTATES

MIRA VILLA

robjensenco

robjensen.com

702.605.7480