Rob's Report - November 2020

ROB'S REPORT

SUMMERLIN, L AS VEGAS, & HENDERSON NOVEMBER 2020

51 DRIFTING SHADOW WAY

#51DriftingShadow

THE RIDGES | $4,500,000

9,153 Square Feet | 6 Bedrooms | 7 Bathrooms | Two-Story Live life to the fullest at this modern desert mansion in The Ridges, an ultra-chic guard gated community on the west side of Las Vegas. This community houses the city’s elite and is situated within minutes of Summerlin’s best schools, shopping, and dining. Highlights of this smart home include Control4 home automation, two luxurious master suites, an expansive Strip and mountain view balcony, and a skylit great room with 23’ ceilings, a sueded granite wet bar, and a climate-controlled, glass-walled wine room that displays 800+ bottles.

Happy Holidays, After what seemed to be a summer that lasted forever, winter is finally here.

According to the Las Vegas ReviewJournal, “the summer of 2020 recorded 97 days with highs of 100 or more.”

The record is 100 days, set in 1947. Real estate, on the other hand, isn’t cooling down. October closed sales were up 16% over September and 86% over October 2019! If we take a look at the pending sales, as of 10/31, there were 201 guard gated homes under contract, which is up from 190 in September!

51 DRIFTING SHADOW WAY | THE RIDGES

I expect the market to continue to do well into next year. However, nobody has a crystal ball. There is still plenty of uncertainty out there with COVID-19, unemployment, etc. What I do know is that the market is great right now. If you’re considering taking advantage of the momentum in the market, let’s talk sooner than later. Should you decide to have a free consult with our stager/ designer, you might choose to make a few adjustments before putting your home on the market—so it can be valuable to talk well before your scheduled sale date.

When it comes to having a smooth sale, home inspections still manage to create some last-minute stress for sellers and buyers. The most common issues are pool plaster, pumps, and lights in need of repair/ replacement, broken roof tiles, and HVAC problems. If you’re aware of any possible issues, it’s better to fix them now to pave the way for a smoother closing.

Whether you are buying or selling, preparation helps guarantee you the best results. We have all the expert advice and people you need to get the job done, so call us, and we’ll take it from there.

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

SOLD PROPERTIES GUARD GATED FOR THE MONTH OF|APRIL 2017 SUMMERLIN ADDRESS

FOR THE MONTH OF OC TOBER 2 02 0

SF

PRICE

P/SF

5,700

$2,300,000

$404

Bellacere 10201 Summit Canyon Drive

7,172

$2,300,000

$321

Corta Bella 8824 Cortile Drive

ADDRESS

SF

PRICE

P/SF

Canyon Gate

Canyon Fairways 9424 Tournament Canyon Drive

LAS VEGAS

1816 Bay Hill Drive

2,176

$560,000

$257

1920 Bay Hill Drive

3,409

$725,000

$213

8608 Scarsdale Drive

9,642

$1,952,888

$203

9613 Camden Hills Avenue

2,773

$699,999

$252

Queensridge 3,946

$720,000

$182

912 Granger Farm Way

2,471

$580,000

$235

1945 Glenview Drive

4,939

$910,418

$184

804 Pont Chartrain Drive

4,637

$850,000

$183

1824 Wincanton Drive

4,616

$1,300,000

$282

904 Pont Chartrain Drive

4,388

$785,000

$179

9 Bel Air Greens Circle

5,027

$1,172,000

$233

2 Castle Oaks Court

8,563

$3,000,000

$350

10 Fire Rock Court

5,252

$1,740,000

$331

11845 Kingsbarns Court

2,172

$565,000

$260

Country Club Hills

Country Rose Estates 9608 Silver Rose Lane

Southern Highlands 2,934

$649,900

$222

3,434

$730,000

$213

Eagle Rock 520 Proud Eagle Lane Mountain Trails 9824 Glenrock Drive

5,010

$1,785,000

$356

11737 Oakland Hills Drive

5,098

$1,775,000

$348

2312 Pearl Crest Street

5,331

$1,600,000

$300

76 Olympia Chase Drive

6,250

$2,530,000

$405

18 Park Meadow Court

7,130

$1,750,000

$245

5,101

$1,175,000

$230

Red Rock Country Club 1976 Alcova Ridge Drive

3,999

$845,000

$211

Spanish Hills

2765 Evening Rock Street

2,712

$860,000

$317

5084 Mountain Foliage Drive

2492 Hollow Rock Court

2,508

$685,000

$273

Spanish Trail

2067 Orchard Mist Street

3,739

$1,200,000

$321

48 Innisbrook Avenue

6,485

$2,300,000

$355

3037 Soft Horizon Way

4,287

$1,000,000

$233

44 Sawgrass Court

4,460

$820,000

$184

3405 Turtle Head Peak Drive

3,823

$1,775,000

$464

Ten Oaks 3,627

$712,000

$196

11235 Black Fire Opal Drive

2,441

$695,000

$285

Tuscan Cliffs

3011 Full Lotus Drive

2,430

$686,500

$283

11358 San Arezzo Place

3,642

$865,000

$238

10921 Luna Blanca Drive

3,978

$1,325,000

$333

11170 Red Yucca Drive

2,314

$765,000

$331

2910 Reverence Heights Lane

4,290

$987,374

$230

Reverence

1609 Golden Oak Drive

The Ridges 28 Coralwood Drive

3,776

$1,198,888

$318

27 Cranberry Cove Court

4,618

$1,900,000

$411

8 Cross Ridge Street

4,399

$1,645,000

$374

11 Cross Ridge Street

3,955

$1,450,000

$367

47 Drifting Shadow Way

6,912

$4,150,000

$600

8 Garden Rain Drive

4,172

$1,180,000

$283

36 Hunting Horn Drive

4,618

$1,845,000

$400

4208 Lapis Ridge Court

4,618

$2,300,000

$498

8 Lookout Ridge Drive

4,027

$1,850,000

$459

4 Midnight Ridge Drive

4,376

$1,650,000

$377

13,480

$6,100,000

$453

11428 Opal Springs Way

4,618

$2,200,000

$476

11436 Opal Springs Way

4,619

$2,300,000

$498

48 Painted Feather Way

9,160

$6,725,000

$734

85 Sun Glow Lane

6,720

$3,360,000

$500

4 Tapadero Lane

4,131

$1,755,000

$425

23 Night Song Way

The Vineyards 1509 Chambolle Court

3,397

$800,000

$236

1205 Mersault Court

4,485

$1,185,000

$264

Willow Creek 10700 Capesthorne Way

4,876

$990,000

$203

2971 Hammerwood Drive

3,598

$900,000

$250

3021 Hammerwood Drive

4,948

$1,479,000

$299

No closed sales for the month of October in Aventura, Eagle Hills, The Palisades,Tournament Hils, Regency at the Lakes, Hillsboro Heights, and Seven Hills - Rapallo

HENDERSON Anthem Country Club 18 Anthem Creek Circle

4,511

$1,200,000

$266

7 Awbrey Court

5,480

$2,450,000

$447

42 Candlewyck Drive

3,592

$860,000

$239

3 Caves Valley Court

4,282

$1,400,000

$327

63 Emerald Dunes Circle

1,940

$535,000

$276

11 Fountainhead Circle

1,720

$525,000

$305

75 Fountainhead Circle

3,776

$750,000

$199

24 Gladewater Drive

1,905

$595,000

$312

46 Hassayampa Trail

5,756

$1,600,000

$278

21 Levan Hills Trail

3,848

$800,000

$208

22 Mallard Creek Trail

4,025

$1,160,000

$288

19 Morninglow Pass

2,614

$635,000

$243

20 Starbrook Drive

3,962

$925,000

$233

5,091

$970,066

$191

5,065

$910,000

$180

11,271

$2,000,000

$177

The Fountains 2339 Prometheus Court Legacy Estates 194 Inveraray Court 2061 Troon Drive MacDonald Highlands 1717 Cypress Manor Drive

3,662

$778,000

$212

1752 Cypress Manor Drive

4,279

$1,025,000

$240

731 Dragon Ridge Drive

11,375

$7,000,000

$615

677 Overlook Rim Drive

8,254

$4,550,000

$551

10,044

$4,250,000

$423

5,058

$1,255,000

$248

6,970

$1,900,000

$273

641 Saint Croix Street Roma Hills 1765 Harpsichord Way Seven Hills - Terracina/Venezia 2876 Quartz Canyon Drive

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

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500K-$749K

71

49

38

5

3.3

$750K-$999K

71

48

30

1

4.5

$1M-$1.49M

63

39

19

3

5.5

$1.5M-$1.99M

51

31

16

0

5.3

$2M-$2.49M

25

14

10

4

4.9

$2.5M-$2.99M

20

2

1

0

11

$3M-$3.99M

28

7

3

0

11.7

$4M+

64

11

6

5

15

*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), 10/31/20.

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 | OCTOBER

OCT '20

CLOSED SALES

MONTHLY & YEARLY

10/31/20

UNDER CONTRACT

10/31/20

ACTIVE LISTINGS

123 201 594

Over Sept '20

+16%

+5.8%

-1.7%

Over Oct '19

+86%

+79.5%

-5.9%

SEPT '20

106

190

604

OCT '19

66

112

631

620 PROUD EAGLE LANE

#620ProudEagle

EAGLE ROCK | $950,000

3,763 Square Feet | 5 Bedrooms | 5 Bathrooms | Two-Story Discover over $175,000 in upgrades at this two-story home in Eagle Rock—a 24-hour guard gated community located among some of the best shopping, dining, and golf courses that Summerlin has to offer. Highlights of this home include an expanded eat-in kitchen with a 10’ long island, an upgraded master suite with new countertops, an en suite casita with private access through the courtyard, and a gorgeous backyard with an L-shaped pool.

524 REGENTS GATE DRIVE

#524RegentsGate

MACDONALD HIGHLANDS | $1,825,000

5,827 Square Feet | 4 Bedrooms | 4 Bathrooms | Single-Story Live like you are on vacation at this single-story estate—built on a .63-acre lot in the exclusive guard gated community of MacDonald Highlands. Beyond the horseshoe driveway and port cochère, discover a world of your own: 5,827 square feet of living space surrounding a central courtyard designed for outdoor entertainment. Here, you can lounge in the Pebble Tec beach-entry lagoon pool and spa, dine at the fiveseat cooking grotto with a GE Monogram grill, and easily enter any part of the house through a multitude of glass doors. From the gourmet, skylit kitchen to the three-room owner’s suite, there’s a lot to love about this property.

TEAM SPOTLIGHT!

Mike Ullemeyer GRAPHIC DESIGNER

Buyers these days are extremely visual, and they make snap judgments based on what they see.

That’s why it’s crucial to have strong visuals on every marketing front. With nearly twenty years of design experience, our Graphic Designer Mike Ullemeyer ensures that our marketing always leaves a great first impression. From eye-catching advertisements to beautifully formatted property brochures, everything he creates is designed to capture and keep buyers’ attention— so we can get you the highest price possible on your luxury home sale.

Having an in-house graphic designer instead of hiring a freelancer ensures consistency and a quick turnaround time, two things that are essential to our marketing campaigns. Property brochures—a valuable marketing resource that buyers get to take home—are just the start.

Mike uses his creative sensibilities to design motion graphic elements for our videos, open house flyers for social media, digestible infographics and property highlights for our newsletter, and anything else that each unique property might need to get it sold.

Since learning Photoshop in the early 2000s, Mike has kept his finger on the pulse of graphic design trends and technology. He is proficient in InDesign, Illustrator, and Photoshop—three flagship programs by Adobe, the industry standard for design and media production. As a freelancer, he worked across multiple industries before starting his first in-house design position at the Rob Jensen Company in 2019.

In his personal life, Mike is a lover of art and music. He has been an active drummer since 2007 and has even toured the country with his band. When he’s not rocking out on a Friday night, you might find him sipping whisky with his wife and two American Bulldogs (the pups don’t drink because they’re not 21 yet). A Santa Barbara native, Mike has an ingrained love for beaches and palm trees. He lives his life by the immortal words of Tom Waits: “Never let the weeds get higher than the garden, and always keep a diamond in your mind.”

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

47 DRIFTING SHADOW WAY THE RIDGES

$4,150,000

SOLD

9824 GLENROCK DRIVE

8 GARDEN RAIN DRIVE

$1,785,000

$1,180,000

MOUNTAIN TRAILS

robjensenco

THE RIDGES

robjensen.com

702.605.7480