Rob's Report - December 2020

ROB'S REPORT

SUMMERLIN, L AS VEGAS, & HENDERSON DECEMBER 2020

3121 INDIGO MACAW LANE

#3121IndigoMacaw

REVERENCE | $1,450,000

3,451 Square Feet | 3 Bedrooms | 3 Bathrooms | Single-Story A rare sense of peace awaits at this brand new single-story estate in Reverence, an esteemed guard gated Summerlin community developed exclusively by Pulte Homes. Built on a .29-acre lot in The Point—a Reverence neighborhood composed of all single-story, ranch-style homes—this property enjoys breathtaking views of the nearby mountains. Highlights include an expansive great room with 12’ ceilings and 14’ wide corner sliders that open to the covered terrace, a generous backyard with a pool, and a lavish owner’s suite.

51 DRIFTING SHADOW WAY | THE RIDGES

Dear Friends, There I was, white-knuckled and holding my breath, driving 130 MPH into a tight corner, right on the tail of the car in front of me. Without foot brakes—because apparently NASCAR drivers only care about speeding up, not slowing down—I definitely felt a new level of fear going into that corner.

I’m no NASCAR aficionado, but the Richard Petty Driving Experience reinforced a lesson I’ve learned many times: Professionals make things look easy. When you’re watching from the stands as one car effortlessly tailgates another at max speed, it’s easy to forget that there’s a trained driver behind the steering wheel. They might make it look simple, maybe even boring, but it’s not. Drivers crash all the time, sometimes fatally. Fortunately, real estate isn’t life or death, but making the wrong decision can still hit your bank account hard.

Consider this: Even with this year’s spectacular luxury real estate market, which boasted 937 guard gated single-family home sales from January through November, 235 homes did not sell. These listings expired. For every four homes that sold, one did not. In a market this hot, it’s common for sellers to think that “any agent will do.” They may even believe that staging the home, shooting a video, and having glossy brochures is a waste of time and money—that selling a home is easy. However, the 20% failure rate proves otherwise. Even in the most robust luxury market Las Vegas has seen, you still need a professional to get the best results.

To avoid conflict, many agents take on a listing without mentioning what must be done to prepare the home for sale. The result is a lower sales price, or worse, an expired listing. At the Rob Jensen Company, we’ll always tell you what it will take to get your home sold for the best price in the shortest amount of time. You don’t have to sacrifice price for speed; in fact, record-setting prices often coincide with quick sales.

Pending sales for November were up 103% over November 2019, which makes this the strongest holiday season we’ve seen. Closings were up just a hair over October, and inventory continues to decline—down 7.6% over October and November 2019. If you’d like to take advantage of these favorable conditions to sell your home, and perhaps buy a new one with record-low rates, put our expertise to work for you. By consistently creating outstanding results for our clients, we make the difficult look easy.

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

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

SF

PRICE

P/SF

ADDRESS

10224 Stony Ridge Drive

5,137

$1,550,000

$302

Canyon Fairways

PRICE

P/SF

2220 Glenbrook Way

5,469

$1,200,000

$219

8612 Kiel Ridge Circle

3,816

$736,000

$193

9501 Balatta Canyon Court

6,459

$2,795,000

$433

8812 Rainbow Ridge Drive

2,747

$685,000

$249

9325 Canyon Classic Drive

5,756

$1,525,000

$265

9012 Opus Drive

3,029

$750,000

$248

4,034

$915,000

$227

Corta Bella 1905 Corta Bella Drive

Queensridge

Country Club Hills 1832 Glenview Drive

4,320

$811,800

$188

Country Rose Estates 2204 Timber Rose Drive

3,573

$620,000

$174

Eagle Rock

304 Kingsclear Court

3,798

$930,000

$245

9824 Miss Peach Avenue

2,859

$525,000

$184

9321 Queen Charlotte Drive

4,053

$1,089,000

$269

812 Sir James Bridge Way

2,917

$565,000

$194

725 Sir James Bridge Way

2,737

$625,000

$228

1000 Star Lamb Street

2,400

$605,000

$252

4,472

$1,360,000

$304

5,047

$881,000

$175

4,078

$899,000

$220

9812 Winter Palace Drive

2,973

$650,000

$219

Regency at the Lakes

405 Grand Augusta Lane

6,413

$1,360,000

$212

200 Luxaire Court

6,214

$1,999,999

$322

Red Rock Country Club

LAS VEGAS

500 Pinnacle Heights Lane 500 Proud Eagle Lane The Palisades

9917 Fox Springs Drive Southern Highlands 11772 Canons Brook Drive

3,374

$1,089,000

$323

26 Carolina Cherry Drive

3,904

$1,090,000

$279

2301 Alcova Ridge Drive

2,837

$1,000,000

$352

3863 Glasgow Green Drive

5,114

$1,500,000

$293

11408 Cedar Log Court

4,063

$1,280,000

$315

46 Grand Masters Drive

4,628

$1,400,000

$303

2092 Country Cove Court

2,792

$837,500

$300

22 Greenside Drive

5,167

$2,310,000

$447

2854 Evening Rock Street

3,676

$850,000

$231

11836 Kingsbarns Court

3,165

$869,000

$275

11434 Glowing Sunset Lane

3,455

$1,099,000

$318

9 Park Meadow Court

6,875

$2,200,000

$320

11494 Glowing Sunset Lane

2,712

$925,000

$341

12077 Oakland Hills Drive

4,237

$1,575,000

$372

11692 Glowing Sunset Lane

3,579

$1,738,000

$486

48 Olympia Ridge Drive

5,074

$2,775,000

$547

2368 Green Mountain Court

4,121

$2,250,000

$546

12075 Whitehills Street

5,766

$1,425,000

$247

16,425

$7,300,000

$444

2,692

$625,000

$232

2438 Green Mountain Court

5,687

$1,975,000

$347

Spanish Hills

11219 La Madre Ridge Drive

3,529

$755,000

$214

5228 Spanish Heights Drive

11416 Morning Grove Drive

4,577

$1,295,000

$283

Spanish Trail

1939 Orchard Mist Street

4,107

$1,050,000

$256

8325 Turtle Creek Circle

2713 Red Arrow Drive

5,130

$1,675,000

$327

Ten Oaks

11386 Sandstone Ridge Drive

2,508

$830,000

$331

1501 Golden Oak Drive

4,922

$990,000

$201

11492 Snow Creek Avenue

3,455

$1,065,000

$308

1700 Silver Oaks Street (REO)

5,034

$656,775

$130

Anthem Country Club

11537 Snow Creek Avenue

2,508

$935,000

$373

2987 Soft Horizon Way

3,085

$975,000

$316

8 Canoa Hills Drive

3,216

$765,000

$238

3007 Soft Horizon Way

3,823

$1,415,000

$370

7 Chenal Pass

5,757

$1,850,000

$321

11471 Timber Mountain Avenue

3,489

$952,000

$273

11 Chenal Pass

5,756

$1,700,000

$295

2623 Turtle Head Peak Drive

3,147

$1,300,000

$413

14 Contra Costa Place

3,680

$950,000

$258

3 Corral De Tierra Place

6,371

$2,100,000

$330

10961 Red Yucca Drive

2,314

$710,000

$307

19 Desert Highlands Drive

3,772

$780,000

$207

3030 The Peaks Lane

4,087

$1,417,260

$347

Reverence

The Ridges

39 Emerald Dunes Circle

1,833

$550,000

$300

71 Fountainhead Circle

2,499

$690,000

$276

11 Boulder Rock Circle

4,384

$2,000,000

$456

108 Fountainhead Circle

1,942

$450,000

$232

35 Cranberry Cove Court

4,618

$1,940,000

$420

6 Haig Point Court

1,593

$427,900

$269

42 Crested Cloud Way

8,321

$6,000,000

$721

14 Holston Hills Road

3,253

$743,000

$228

14 Drifting Shadow Way

7,813

$2,740,000

$351

38 Sankaty Circle

7,502

$2,300,000

$307

7 Garden Rain Drive

4,172

$1,595,000

$382

85 Glade Hollow Drive

3,797

$2,250,000

$593

19 Golden Sunray Lane

6,789

$4,875,000

$718

27 Hawk Ridge Drive

8,860

$7,400,000

$835

HENDERSON

SUMMERLIN

SF

Canyon Gate

Bellacere

17 Stonemark Drive

3,848

$740,000

$192

16 Wade Hampton Trail

3,592

$1,300,000

$362

10 Weston Hills Road

2,076

$574,000

$276

12 Weston Hills Road

1,905

$525,000

$276

3,986

$730,000

$183

6,161

$1,050,000

$170

4 Lookout Ridge Drive

4,376

$1,885,000

$431

74 Meadowhawk Lane

7,623

$3,600,000

$472

1886 Hillsboro Drive

48 Olive Ridge Drive

3,776

$1,599,000

$423

Legacy Estates

Hillsboro Heights

94 Pristine Glen Street

4,410

$1,500,000

$340

2000 Doral Place

37 Promontory Ridge Drive

5,312

$3,375,000

$635

MacDonald Highlands

65 Tapadero Lane

4,013

$1,650,000

$411

The Vineyards 1201 Mersault Court

4,042

$990,000

$245

1729 Cypress Manor Drive

2,968

$799,900

$270

512 Dragon Gate Court

4,905

$3,350,000

$683

1392 Quiet River Avenue

6,409

$2,080,000

$325

Roma Hills No closed sales for the month of November in Aventura, Eagle Hills, Mountain Trails, Tournament Hills, Willow Creek, Tuscan Cliffs, The Fountains, Seven Hills - Rapallo, Seven Hills - Terractina/Venezia

1799 Anelli Court

5,232

$1,360,000

$260

810 Dragons Eye Drive

6,646

$3,725,000

$560

775 Tozzetti Lane

5,620

$1,425,000

$254

1794 Valenzano Way

3,101

$890,000

$287

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

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500K-$749K

59

41

42

1

2.5

$750K-$999K

64

44

28

2

3.7

$1M-$1.49M

60

40

22

3

4.9

$1.5M-$1.99M

54

26

16

2

5

$2M-$2.49M

24

10

7

1

4

$2.5M-$2.99M

14

4

4

1

7.2

$3M-$3.99M

24

13

4

0

10.6

$4M+

55

17

5

0

12

*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), 11/30/20.

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 | NOVEMBER

NOV '20

CLOSED SALES

MONTHLY & YEARLY

11/30/20

UNDER CONTRACT

11/30/20

ACTIVE LISTINGS

128 195 549

Over OCT '20

+3%

-3%

-7.6%

Over NOV '19

+54%

+103.1%

-7.6%

OCT '20

124

201

594

NOV '19

83

96

594

#5380NorthRiley

5380 NORTH RILEY STREET CENTENNIAL HILLS | $1,100,000

4,085 Square Feet | 4 Bedrooms | 5 Bathrooms | Single-Story Ranch-style living meets modern design at this custom single-story estate, which sits on over half an acre in Centennial Hills. Boasting a wealth of high-end upgrades—including a fully finished 4-car garage, designer finishes, deluxe flooring, and more—this brand new home is as low-maintenance as it is beautiful. A blank slate for your imagination, this property’s expansive cul-de-sac lot provides the perfect opportunity to create the backyard you’ve always wanted—whether that includes a casita, swimming pool, sport court, full-sized RV garage, or all of the above.

#8940RainbowRidge

8940 RAINBOW RIDGE DRIVE CANYON GATE | $799,000

3,146 Square Feet | 4 Bedrooms | 4 Bathrooms | Two-Story Just in time for the holidays, this two-story home presents sweeping golf course and mountain views in Canyon Gate Country Club—a secure, guard gated community acclaimed for its wide streets and mature landscaping. Renovated and ready to call home, this property features fresh exterior and interior paint, brand new landscaping, Sunburst shutters, ceramic tile, and engineered hardwood. Whether you’re socializing by the marble fireplace in the formal living room, reclining on the master balcony, or lounging poolside on the patio, you’ll cherish the picturesque greenery surrounding the 16th hole.

TEAM SPOTLIGHT!

Andrea Toussaint SHOWING ASSISTANT

Once your home is live on the 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 Andrea Toussaint, 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.

Andrea’s work begins long before a buyer reaches out and asks to see your property. From the moment you choose to list with us, her focus is to make sure buyers know everything about what makes your home special—including unique features, upgrades, and community amenities. Paired with Andrea’s considerable market knowledge, this information ensures that your property is unforgettable and empowers potential buyers to make informed decisions. To make showings as convenient as possible, Andrea 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.

With over eight years of commercial real estate experience under her belt—including development, lease negotiations, tenant improvements, and property management—Andrea brings a wellrounded perspective to the team. Dynamic, intuitive, and resourceful, she is proud of her tenacity to continue to grow and learn about herself and the world around her.

A Las Vegas native, Andrea has enjoyed watching the city grow and change over the years. She is passionate about wellness and healing through natural foods, fitness, and a balanced life. When she’s not working, she loves being in nature, staying active, and enjoying great meals out with family and friends. An advocate of personal growth, Andrea lives by this Chinese proverb: “Learning is a treasure that will follow its owner everywhere.”

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

SOLD $2,000,000 11 BOULDER ROCK CIRCLE THE RIDGES

SOLD $1,650,000

SOLD $1,099,000

2168 ORCHARD MIST STREET

11434 GLOWING SUNSET LANE

SOLD $1,089,000

SOLD $739,000

11772 CANONS BROOK DRIVE

10715 RIVENDELL AVENUE

RED ROCK COUNTRY CLUB

SOUTHERN HIGHLANDS

robjensenco

RED ROCK COUNTRY CLUB

WILLOW CREEK

robjensen.com

702.605.7480