Rob's Report - April 2022

Rob's Report SUMMERLIN, LAS VEGAS, & HENDERSON

580 SAINT CROIX STREET MACDONALD HIGHLANDS

$4,750,000 | 7,122 SF 4 Bedrooms, 6 Bathrooms Custom Two-Story

Elevate your lifestyle at this custom two-story home, which is available turnkey and fully furnished in the exclusive guard-gated community of MacDonald Highlands. Perched on a ridge between the 12th green and 13th tee box of DragonRidge Golf Course, this property boasts unobstructed, panoramic views of the Las Vegas Strip framed by rolling hills and verdant fairways—and it was filmed in a popular movie. Beyond the private courtyard entry with a pool and spa, discover a one-of-a-kind floor plan designed for entertaining, relaxing, and enjoying the scenery. From multiple balconies to the generous use of glass, this home was built to showcase the view.

APRIL 2022

MARCH 2022

Sold Properties COMMUNITY ADDRESS

Guard-Gated

SF

PRICE

P/SF

2022 is off to a strong start. In the first quarter, there were 394 closed sales for single-family homes priced $1,000,000 and up in Las Vegas and Henderson—up 18% from Q1 2021 and up 300% from Q1 2019! The ultra-luxury segment (homes priced $4,000,000+) saw 25 sales in the first quarter, only a slight increase from the 24 sold in Q1 2021. However, when you compare this to the 5 sales in Q1 2020 and 4 sales in Q1 2019, you can see how much this segment of the market has grown—especially considering the high-end homes that are currently under construction. If you’d like to see all of the quarterly stats broken down for the last 4 years by property type, please reach out to us.

Compared to February, guard-gated sales for March showed a 5.3% uptick in inventory and an 11% increase in pending sales. This is expected as we begin to roll into the spring selling season. Year over year, however, inventory was down 6.3% and pending sales were down 33.5% in March.

Even as interest rates continue to rise, 2022 will remain a seller’s market due to low inventory and strong demand. When it comes to getting our clients top dollar, these favorable market conditions are helpful.

However, we are continuing to make substantial investments in video cameras, equipment, and team members to better leverage the power of video when selling our luxury listings locally, nationally, and globally. Visit our YouTube channel to see what we’ve been up to, and make sure you subscribe if you want to be the first to see new content.

P/SF

3,023

$1,290,000

$427

Canyon Gate

2304 Glenbrook Way

4,999

$1,850,000

$370

Corta Bella

8817 Montagna Drive

4,124

$1,300,000

$315

One Queensridge 9101 Alta Drive, #901 Place 9101 Alta Drive, #103

4,792

$3,250,000

$678

3,889

$2,950,000

$759

$1,700,000

$548

1800 Glenview Drive

4,587

$1,390,000

$303

1829 Glenview Drive

3,114

$1,300,000

$417

9101 Alta Drive, #1404

3,100

9004 Rolling Knoll Court

3,041

$980,000

$322

9101 Alta Drive, #18

1,929

$785,000

$407

9103 Alta Drive, #706

2,137

$1,070,000

$501

Queensridge

9900 Orient Express Court

8,135

$4,675,000

$575

Southern Highlands

64 Olympia Canyon Way

8,684

$7,025,000

$809

24 Olympia Chase Drive

4,155

$2,200,000

$529

42 Olympia Hills Circle

8,771

$4,375,000

$499

Country Rose Estates

2024 Spring Rose Street

3,231

$830,000

$257

Eagle Rock

704 Pinnacle Heights Lane

3,610

$1,325,000

$367

444 Pinnacle Heights Lane

3,556

$1,050,888

$296

508 Pinnacle Heights Lane

3,666

$967,000

$264

Mountain Trails 9800 Moonridge Court

7,278

$2,900,000

$398

The Palisades

409 Grand Augusta Lane

4,919

$1,375,000

$280

Red Rock Country Club

11595 Evergreen Creek Lane

5,687

$3,899,999

$686

11474 Glowing Sunset Lane

2,712

$1,700,000

$627

2660 Grassy Spring Place

4,443

$1,950,000

$439

11522 Morning Grove Drive

5,555

$3,650,000

$657

2080 Orchard Mist Street

4,062

$2,175,000

$535

2955 Red Arrow Drive

5,687

$3,200,000

$563

2810 Red Arrow Drive

4,423

$2,200,000

$497

2989 Red Springs Drive

2,508

$1,255,000

$500

3125 Turtle Head Peak Drive

3,823

$2,100,000

$549

3223 Turtle Head Peak Drive

4,732

$2,050,000

$433

11280 Ansel Court

3,956

$2,525,000

$638

2920 Full Lotus Drive

2,314

$1,200,000

$519

3130 Indigo Macaw Lane

3,956

$2,570,000

$650

11161 Luna Blanca Drive

3,902

$2,020,000

$518

2700 Orange Sky Lane

4,099

$2,200,000

$537

7 Boulder Rock Circle

4,090

$3,400,000

$831

25 Cross Ridge Street

4,179

$2,190,000

$524

23 Garden Rain Drive

3,562

$2,260,000

$634

11280 Granite Ridge Dr, #1036

3,301

$1,350,000

$409

Reverence

The Ridges

44 Hawk Ridge Drive

Sincerely, The Vineyards

Monica Nalbantoglu Director of Sales 702.605.7480 monica@robjensen.com S. 179807

PRICE

9916 Alegria Drive

When it comes to the sales process, we understand that it’s quite an inconvenience for home sellers.

However, we guarantee that our team, technology, and process of qualifying potential buyers will minimize the headache and maximize your profit. We look forward to talking to you.

Rob Jensen Broker / President 702.605.7480 rob@robjensen.com B.143770

SF

Aventura

Country Club Hills

Dear Friends,

ADDRESS

LAS VEGAS

SUMMERLIN

580 SAINT CROIX STREET | MACDONALD HIGHLANDS

COMMUNITY

32 Olympia Ridge Drive

6,103

$3,000,000

$492

Spanish Hills

4960 Spanish Vista Lane

4,292

$1,360,000

$317

Spanish Trail

7960 Bermuda Dunes Ave

2,692

$888,000

$330

60 Sawgrass Court

4,151

$1,151,000

$277

17 Brandermill Drive

2,513

$1,000,000

$398

3 Chatmoss Road

2,010

$750,000

$373

7 Contra Costa Place

3,848

$1,222,000

$318

30 Emerald Dunes Circle

1,393

$559,000

$401

5 Fallows Fire Court

2,005

$850,000

$424

58 Fountainhead Circle

2,678

$950,000

$355

36 Hunt Valley Trail

2,076

$795,000

$383

11 Yorkridge Court

7,526

$4,550,000

$605

HENDERSON Anthem Country Club

9 Yorkridge Ct (Short Sale)

7,018

$2,650,000

$378

Ascaya

3 Boulderback Drive

6,287

$6,000,000

$954

The Fountains

2219 Chatsworth Court

4,790

$1,450,000

$303

MacDonald Highlands

1748 Cypress Manor Drive

4,015

$1,500,000

$374

1704 Cypress Manor Drive

3,248

$1,328,000

$409

1409 Foothills Village Drive

4,107

$1,950,000

$475

1480 MacDonald Ranch Dr

11,639

$6,550,000

$563

657 Ridgestone Rim Court

6,775

$4,900,000

$723

472 Saint Moritz Drive

9,995

$8,500,000

$850

779 Clove Court

4,739

$1,650,000

$348

1797 Valenzano Way

6,799

$2,220,000

$327

1274 Imperia Drive

5,608

$2,200,000

$392

Seven Hills 2606 Ragusa Court Terracina/Venezia

6,402

$4,600,000

$719

11,113 $11,400,000 $1,026

7 Morning Sky Lane

6,762

$4,600,000

$680

78 Pristine Glen Street

3,776

$2,195,000

$581

10 Ridge Blossom Road

8,585

$5,700,000

$664

1201 Dry Point Court

3,573

$1,365,000

$382

1205 Moselle Court

4,211

$1,625,000

$386

No closed sales for the month of March in Bellacere, Canyon Fairways, Eagle Hills, Mesa Ridge, The Summit, Tournament Hills, Willow Creek, Regency at the Lakes, Tuscan Cliffs, Ten Oaks, Hillsboro Heights, Legacy Estates

Roma Hills

Seven Hills Rapallo

MARCH 2022

How's The Market?

PRICE RANGE

Guard-Gated Sales Statistics

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500K-$749K

13

10

13

1

1.5

$750K-$999K

15

17

20

2

1.5

$1M-$1.49M

20

35

25

0

2.4

$1.5M-$1.99M

28

15

9

1

3.9

$2M-$2.49M

17

28

12

1

4.7

$2.5M-$2.99M

12

12

4

1

8.0

$3M-$3.99M

20

12

5

2

7.1

$4M+

54

22

12

2

8.9

*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), 3/31/22. 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 MAR 2022

Monthly & Yearly

ACTIVE LISTINGS

UNDER CONTRACT

CLOSED SALES

179

151

100

3/31/22

3/31/22

MARCH '22

OVER FEB '22

+5.3%

+11%

+7.5%

OVER MAR '21

-6.3%

-33.5%

-37%

FEB 2022

170 2/28/22

136 2/28/22

F E B R U A RY ' 2 2

MAR 2021

191

227

159

3/31/21

3/31/21

93

MARCH '21

580 SAINT CROIX ST MACDONALD HIGHLANDS

UNDER CONTRACT

2 3 5 5 G R E E N M O U N TA I N C O U R T R E D R O C K C O U N T RY C L U B $1,650,000 | 3,455 SF 4 Bedrooms, 5 Bathrooms Two-Story

Magnificent mountain views await at this two-story home in the 24hour guard-gated community of Red Rock Country Club, securely located behind a secondary gate in The Vistas. Recently refreshed with new carpet and fresh interior paint, this home is beautiful and move-in ready. Design details include 18”x36” porcelain tile, hardwood flooring, and picture windows paired with Hunter Douglas silhouettes to take full advantage of the view. In the private rear yard, you can lounge on the covered patio, host a barbecue at the outdoor kitchen, immerse yourself in the PebbleTec pool and spa, or even take a hike from your own trailhead.

10785 W. Twain Avenue, Suite 110 Las Vegas, NV 89135 702.605.7480 | robjensen.com

We’re the only real estate brokerage in Las Vegas that focuses exclusively on guard-gated communities.

And, just like these special places, we offer a higher level of service and protection. Because our discerning clients deserve it.

We’re able to offer this because our team is uniquely comprised of full-time, salaried professionals — all collaborating and proactively staying on top of every detail in the transaction. And all to deliver a client experience that’s more honest, more dependable, and all-around more enjoyable.

Your guide through the gates.

From left to right: Matina Wyrick, Stacey Short, Monica Nalbantoglu, Mindy Walker, Rob Jensen, Dylan Edwards, Kyle Zabelny, Andy Gorman, Max Fox robjensenco

robjensenco