Rob's Report - April 2019

ROB'S REPORT SUMMERLIN, L AS VEGAS, & HENDERSON A PR I L 2 019

1947 Orchard Mist Street | Red Rock Country Club

$1,250,000

4 Bedrooms | 4 Bathrooms | 4,107 Square Feet | Two Story Discover high class family living at this two-story home, located behind the West guard gates of Red Rock Country Club.

Overlooking the first hole of the Arroyo Golf Course, this home enjoys sweeping fairway and mountain views inside and out. Upon entry, discover expansive living spaces floored by travertine tile and hardwood. Highlights include an infinity pool in the rear yard, an opulent master suite with a view balcony, and a generous open plan kitchen and great room.

#1947OrchardMist

SOLD PROPERTIES | GATED FOR THE MONTH OF MARCH 2019

SUMMERLIN, LAS VEGAS, & HENDERSON ADDRESS

SF

PRICE

P/SF

Barrington*

- Please Call for Details -

Canyon Crest 10017 Cresent Mesa

2,333

$610,000

$261

The Lakes*

Patrick Kobielsky BRANCH MANAGER 702.278.9659

Mira Villa* Serrano* Seven Hills - Marquis 1321 Villa Barolo Avenue

Stated Income Jumbo Loans Are Back

6,249

$2,899,000

Seven Hills - Portofino* Sky Terrace* *No closed sales for the month of March

$464

This is not a commitment to lend. Prices and guidelines are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision. This document is provided by Pacific Sunbelt Mortgage. Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency. ©2017 A division of Finance of America Mortgage LLC | NMLS ID # 1071 | Mortgage Banker License #0910184 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act

Dear Friends, Our first quarter 2019 buyer and seller closed transactions, totaling almost $19 million, set a new company sales record! I’d like to express my sincere thanks to all our satisfied clients and team members who made this possible.

These record setting results are a product of what we do as much as what we don’t do.

Our team exclusively specializes in sales of luxury residential real estate in Summerlin, Las Vegas, and Henderson. Our specialty defines our focus and is the primary reason for our continued success.

Rob Jensen Broker/President 702.521.8832

It's simply not possible to be an expert in every aspect of the Las Vegas valley’s real estate market. There are just too many property options and geographic areas to cover. We decline the many opportunities to get sidetracked with residential property management, commercial leasing, general residential properties, or anything else that would dilute our area of expertise. We do one thing and one thing only—sell highend residential real estate. We understand the market, the pricing considerations, and most importantly, the ins and outs of successful deal closing negotiations.

If you want to sell your home for top dollar in the shortest amount of time possible, or if you’re interested in buying a luxury home, you’re best served by a real estate firm that has a laser-like focus in your market.

Please contact us at 702-605-7480 to learn more on how we will use our expertise to benefit you. We’d love to hear from you.

Sincerely,

Rob Jensen

FOR THE MONTH OF| APRIL 2017 SOLD PROPERTIES GUARD GATED FOR THE MONTH OF MARCH 2019

SUMMERLIN ADDRESS

SF

LAS VEGAS PRICE

P/SF

Aventura* Bellacere* Canyon Fairways 409 Canyon Greens Drive Corta Bella 8825 Bonta Court Country Club Hills 1940 Glenview Drive 1817 Wincanton Drive Country Rose Estates 2217 Scarlet Rose Drive 2024 Scarlet Rose Drive Eagle Hills 9213 Golden Eagle Drive 1812 White Hawk Court Eagle Rock* Mountain Trails 9808 Moonridge Court The Palisades 111 North Royal Ascot Drive 10208 Orkiney Drive Red Rock Country Club 1991 Alcova Ridge Drive 2067 Cherry Creek Circle 11584 Glowing Sunset Lane 11544 Glowing Sunset Lane 11296 Golden Chestnut Place 2630 Grassy Spring Place 2893 Red Springs Drive 2814 Soft Horizon Way The Ridges 4186 Bronze Ridge Street 4190 Bronze Ridge Street 55 Meadowhawk Lane 36 Midnight Ridge Drive 9 Moonfire Drive 10 Night Song Way 76 Sun Glow Lane 52 Tapadero Lane

5,385

$1,250,000

$232

3,206

$662,000

$206

3,192 3,409

$850,000 $965,000

$266 $283

3,573 2,289

$585,000 $459,000

$164 $201

3,091 7,124

$1,025,000 $1,725,000

$332 $242

5,207

$1,295,000

$249

4,079 4,079

$1,225,000 $1,320,000

$300 $324

5,037 5,267 3,823 2,712 3,579 4,104 3,343 2,712

$1,435,000 $1,205,000 $1,100,000 $825,000 $843,000 $1,337,500 $818,000 $715,000

$285 $229 $288 $304 $236 $326 $245 $264

3,733 3,733 4,569 4,405 3,546 6,063 5,032 4,013

$2,051,884 $1,708,729 $2,600,000 $1,675,000 $1,050,000 $2,927,500 $2,825,000 $1,420,000

$550 $458 $569 $380 $296 $483 $561 $354

8,096

$1,500,000

$185

4,042

$806,000

$199

3,299 3,478

$725,550 $845,000

$220 $243

Tournament Hills 8904 Greensboro Lane The Vineyards 1201 Mersault Court Willow Creek 3021 Brighton Creek Court (REO) 10707 Hobbiton Avenue

*No closed sales for the month of March

ADDRESS

SF

Canyon Gate 8909 Canyon Springs Drive 9017 Emerald Hill Way Queensridge 1001 Granger Farm Way 308 Round Stone Court 9521 Verlaine Court Regency at the Lakes* Southern Highlands 65 Grand Masters Drive 10 Grand Masters Drive 20 Vintage Valley Drive 11767 Weybrook Park Drive 12034 Whitehills Street Spanish Hills 8839 Big Bluff Avenue Spanish Trail 81 Princeville Lane Ten Oaks 7420 Silver Palm Avenue

PRICE

P/SF

5,425 8,996

$1,025,000 $1,915,000

$189 $213

2,711 3,798 4,855

$578,000 $655,000 $1,050,000

$213 $172 $216

4,990 3,940 8,273 3,220 2,172

$1,200,000 $1,030,000 $3,200,000 $800,000 $519,000

$240 $261 $387 $248 $239

4,036

$975,000

$242

5,115

$900,000

$176

3,869

$675,000

$174

PRICE

P/SF

HENDERSON ADDRESS

SF

Anthem Country Club 51 Desert Highlands Drive 55 Fountainhead Circle 16 Hassayampa Trail 34 Moraine Drive 23 Summit Walk Trail The Fountains 2269 Buckingham Court 2239 Chatsworth Court Hillsboro Heights 177 Springfield Street Legacy Estates 198 Inveraray Court MacDonald Highlands 1708 Choice Hills Drive 1307 Enchanted River Drive 673 Falcon Cliff Court 1210 Macdonald Ranch Drive 659 Palisade Rim Drive 650 St Croix Street Roma Hills* Seven Hills - Rapallo* Seven Hills - Terracina/Venezia*

REO - Bank Owned Foreclosure

3,037 1,942 3,600 2,513 3,374

$770,000 $525,000 $1,010,000 $579,900 $820,000

$254 $270 $281 $231 $243

4,344 5,620

$794,000 $1,050,000

$183 $187

4,435

$622,000

$140

7,304

$1,095,000

$150

4,427 5,345 6,450 8,495 5,400 8,631

$899,900 $1,800,000 $3,675,000 $5,450,000 $3,000,000 $2,450,000

$203 $337 $570 $642 $556 $284

SS - Short Sale

11434 Glowing Sunset Lane | Red Rock Country Club

$1,200,000

4 Bedrooms | 5 Bathrooms | 3,455 Square Feet | 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 both fairway and mountain views. Beyond the iron-gated entry, discover a spacious interior defined by travertine tile, Baltic granite, 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.

#11434GlowingSunset

9513 Queen Charlotte Drive | Queensridge

$850,000

3 Bedrooms | 3 Bathrooms | 3,330 Square Feet | Single-Story Discover the good life at this open plan single-story home in Queensridge North, a 24-hour guard gated community revered for its security and serenity. Dine at the generous honed granite island with seating for five, share a meal in the bay window dining nook, or watch a movie on the built-in entertainment center—all without leaving the expansive kitchen and great room. In the rear yard, you can host a barbecue around the built-in Sizzler grill and cooktop, lounge in the pool and spa, or just listen to the roaring waterfall feature while you relax on the patio.

#9513QueenCharlotte

HOW’S THE MARKET? | GUARD GATED SALES STATISTICS - MARCH UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

108

36

18

1

8

$750K-$1M

79

23

15

3

5.8

$1M-$1.5M

90

29

18

2

8.5

$1.5M-$2M

45

14

7

3

10.7

$2M-$2.5M

27

3

2

1

15

$2.5M-$3M

19

5

3

2

12

$3M-$4M

37

7

3

0

17.6

$4M+

66

2

1

1

68

PRICE RANGE $500K-$750K

FOR SALE

*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), 4/1/19. 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 |

MONTHLY & YEARLY

ACTIVE LISTINGS

CLOSED SALES

590

67

+8.1% over last month +10.5% over last year Month over Month Mar '19 Feb '19

Month over Month 590 546

Year over Year Mar '19 Mar '18

+16% over last month -30% over last year 67

Mar '19 Feb '19

58

Year over Year 590 534

Mar '19 Mar '18

67 96

The Rob Jensen Company is a boutique real estate brokerage that specializes in guard gated communities in Summerlin, Las Vegas, and Henderson. Each staff member is a salaried employee who provides you with comfort and ease during your real estate transaction. Our staff includes (from left to right) Rob Jensen, Kyle Zabelny, Monica Nalbantoglu, Andy Gorman, Autumn Alderson, Adrianne Dunlap, Karen Kinney, Mark Halili, Max Fox.

The Only Brokerage Model That Ultimately Puts Clients First One of the biggest issues facing the true professionals in the real estate industry is the overwhelming amount of parttime, commission only, and unqualified real estate agents that clutter the landscape. This has caused many people to lump all real estate agents into one less-than-ideal category.

We get it. No one recognizes this or is more frustrated by it than we are. But it’s important to realize that the real estate industry is similar to other professional services industries. Just as every doctor, lawyer, consultant, accountant, etc. does not have the same level of expertise, there are top real estate professionals who are drastically more qualified than the norm and consistently provide exceptional value to their clients.

Here’s what sets us above the pack. Every member on our team is a salaried full-time employee. We do not have commission-based independent contractors or part-time hobbyists working for us. Because there is no financial incentive whatsoever to do anything else, it’s easy for our staff to put our clients’ interests where they belong – first. This is extremely rare in the real estate industry and translates to a client-based focus that is second to none.

Additionally, we never try to be all things to all people. It is simply impossible to be an expert in every type of real estate in the Las Vegas valley. Everyone on our staff is highly trained in the guard gated communities in Summerlin, Las Vegas, and Henderson which we specialize in.

Whether you are looking to sell your home, or buy a new home in one of our luxury communities, our unique business model will provide you with exceptional value. Please call us at 702.605.7480 and we’ll be glad to speak with you personally about your individual needs.

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

JUST SOLD IN THE PALISADES - $1,320,000 10208 Orkiney Drive

We specialize in working with buyers and sellers in guard gated communities in Summerlin, Las Vegas, and Henderson.

robjensenco

robjensen.com

702.605.7480