Rob's Report
SUMMERLIN, LAS VEGAS, & HENDERSON
10801 WHITE CLAY DRIVE
Guard-Gated | Summerlin | Mesa Ridge
$2,298,800 | 3,465 SF | 3 Bedrooms | 4 Bathrooms
Indulge in modern open-plan living at this single-story home in Mesa Ridge, a guard-gated community located in The Mesa Village of Summerlin. Completed by Toll Brothers in 2021, this home boasts a wealth of design studio options— from upgraded wood and tile flooring to quartz countertops and much more— plus elevated views of the Las Vegas Strip. Endless entertainment awaits in the expansive great room, where 16’ ceilings and the generous use of glass create a bright and spacious atmosphere for entertaining. Here, you can serve drinks at the wet bar, gather around the linear fireplace, and enjoy stunning views through the upgraded glass doors and windows.
JULY 2023
Dear Friends,
The headlines have been buzzing with news of rising home prices, and it's no surprise. Over the past few months, inventory has been shrinking. There were 296 guard-gated homes for sale in June, which was down 4% from May (309 sales) and 12% from April (335 sales). If you reference our Absorption Rate (ABS*) columns in the “How’s the Market?” section, you’ll see that most price points had a supply between 2.2 and 4.8 months in June, signaling a seller’s market.
While 65% of the homes sold within 30 days of being priced correctly, don’t let these numbers lull you into a false sense of security if you’re looking to sell. Buyers continue to seek homes that are either newly built, recently renovated, or impeccably presented. It pays off to put your best foot forward before listing your home for sale. Our team is always here to provide recommendations on what you can do to maximize your sales price.
There were 76 closed sales in guard-gated communities in June, which was down 19% from May. This decline was expected due to May's 11% decrease in pending sales. The number of closed sales is a lagging indicator because once a home goes into contract, it can still take an average of 30 to 45 days for the sale to officially close. Pending sales at the end of June were up 20% from May, so we should see an uptick in July closings.
As for now, the market will remain competitive for buyers and lean in favor of sellers. Land is limited, and the cost to build is still high. Whether you're looking to buy, sell, or simply have questions about the real estate market, our team at the Rob Jensen Company is always here for you. Please give us a call or send us an email any time.
Sincerely,
How's the Market?
Absorption rate* is a measure of supply and demand, expressed as the number of months it might take to sell the inventory in a specific market. Generally speaking, anything around a six-month supply indicates a steady market where prices are likely to remain flat. The further the absorption rate dips below six months, the more favorable the market is for sellers. As the absorption rate rises higher and higher above six months, the market becomes more of a buyer’s market, meaning you would expect to see prices decline. Looking at the absorption rate for a particular price segment month over month, you can determine whether the market is trending in favor of buyers, sellers, or neither.
For example, the $1.5M-$1.99M price range had an absorption rate of 6.2 months in May and 3.8 months in June, indicating a shift from a steady market to more of a seller's market. If you have any questions about the data below, we’re always here to help!
Proud Partner
Nalbantoglu Director
702.605.7482 monica@robjensen.com S.179807
DOM (From Last List Price) DAYS UNITS SOLD % DISCOUNT (Off Last List Price) % DISCOUNT UNITS SOLD 0-30 65% 0-5% 60% 31-60 23% 5.1-10% 33% 61-90 5% 10.1+% 7% 90+ 7%
PRICE RANGE ACTIVE LISTINGS UNDER CONTRACT CLOSED SALES EXPIRED ABS* RATE (JUNE '23) ABS* RATE (MAY '23) $500K-$749K 23 9 13 1 2.2 2.6 $750K-$999K 38 19 13 2 4.1 4.4 $1M-$1.49M 51 23 16 7 4.2 3.8 $1.5M-$1.99M 36 12 14 1 3.8 6.2 $2M-$2.49M 28 18 6 1 5.8 5.3 $2.5M-$2.99M 19 5 2 1 5.3 4.7 $3M-$3.99M 25 6 6 3 4.8 6 $4M+ 76 16 6 5 12.3 12.4 JUNE '23 296 108 76 21 MoM % Change -4% +20% -19% -13% YoY % Change -27% +33% +1% +24% MAY '23 309 90 94 24 JUNE '22 406 81 75 17
JUNE 2023
Monica
of Sales
Rob
Broker / Owner
Jensen
B.143770
702.605.7482 rob@robjensen.com
Guard-Gated | Summerlin | Mesa Ridge
10801 WHITE CLAY DRIVE
61 FOUNTAINHEAD CIRCLE
Guard-Gated | Henderson | Anthem Country Club
$950,000 | 2,678 SF | 4 Bedrooms | 3 Bathrooms
A true country club lifestyle awaits at this single-story home in Anthem Country Club, a 24-hour guard-gated community in Henderson known for its social atmosphere, deluxe amenities, and championship golf course. Life in Anthem Country Club is all about luxury and convenience; residents enjoy the peace, quiet, and security of a guard-gated community—while still being close to all the excitement that Las Vegas has to offer.
1353 ENCHANTED RIVER DRIVE
Guard-Gated | Henderson | MacDonald Highlands
$1,999,000 | 5,224 SF | 5 Bedrooms | 7 Bathrooms
Discover the pinnacle of family comfort at this semi-custom twostory estate, built on a 1/3-acre corner lot in the guard-gated community of MacDonald Highlands. Wrapped around a driveway with a remote-controlled gate and limestone courtyard—and serviced by multiple balconies and French doors—this Toll Brothers home was built to the highest standards with $500,000 in original upgrades. Highlights include an entertainer’s kitchen, private guest quarters, and a stunning rear yard with a pool, spa, and tiki bar.
Sold Properties
*8 Rockmount Court in Ascaya is Comp Only CS. 2285 Buckingham Court, 6 Hammock Dunes Court and 2020 Doral Court sold 0.1% to 2.5% higher than the last list price No closed sales for the month of June in Bellacere, Corta Bella, Eagle Hills, Eagle Rock, Mountain Trails, The Palisades, The Summit, Regency at the Lakes, Tuscan Cliffs, Spanish Hills, Hillsboro Heights, Seven Hills - Rapallo, Seven Hills - Terracina/Venezi COMMUNITY ADDRESS SOLD PRICE SF SP/SF % OFF LAST LIST PRICE LAST LIST PRICE DOM SINCE LAST PRICE % OFF ORIGINAL LIST PRICE ORIGINAL LIST PRICE TOTAL DOM PRICE CHANGES LAS VEGAS Canyon Gate 2308 Whispering Hills Circle $1,899,000 4,323 $439 4.1% $1,980,000 12 4.1% $1,980,000 12 0 2317 Whispering Hills Circle $1,395,000 3,790 $368 0.0% $1,395,000 1 0.0% $1,395,000 1 0 Granada Hills 4630 Laguna Vista Street $1,000,000 4,396 $227 4.8% $1,050,000 0 16.7% $1,200,000 176 8 Breckenridge/Cascade 9868 Cove Haven Court $867,500 3,602 $241 3.6% $899,990 18 -5.2% $824,990 18 0 9787 High Alpine Street $645,000 2,832 $228 1.8% $656,900 105 7.9% $699,999 265 8 Queensridge 308 Kingsclear Court $990,000 3,330 $297 0.8% $998,000 9 1.0% $999,900 9 1 805 Noahs Star Street $1,120,000 3,679 $304 6.3% $1,195,000 14 6.3% $1,195,000 14 0 Southern Highlands 32 Olympia Ridge Drive $3,200,000 6,283 $509 2.9% $3,295,000 25 20.0% $3,999,999 382 7 10905 Pentland Downs Street $532,500 2,247 $237 2.3% $545,000 0 2.3% $545,000 0 0 38 Ravenswood Avenue $5,200,000 9,451 $550 3.7% $5,400,000 65 25.2% $6,950,000 551 5 19 Tea Olive Drive $1,700,000 3,940 $431 0.0% $1,700,000 3 0.0% $1,700,000 3 0 11783 Woodbrook Court $1,295,000 3,151 $411 4.1% $1,350,000 59 4.1% $1,350,000 59 0 Spanish Trail 29 Burning Tree Court $3,200,000 4,424 $723 8.5% $3,499,000 36 8.5% $3,499,000 36 0 8214 Crow Valley Lane $800,000 2,681 $298 5.9% $849,888 8 14.3% $933,000 40 2 8215 Crow Valley Lane $675,000 2,500 $270 5.6% $715,000 23 17.2% $815,000 45 2 7811 Harbour Towne Avenue $585,000 1,669 $351 1.7% $595,000 63 1.7% $595,000 63 0 8212 Horseshoe Bend Lane $1,050,000 2,370 $443 0.0% $1,050,000 21 0.0% $1,050,000 21 0 43 Innisbrook Avenue $1,655,800 5,026 $329 2.6% $1,699,800 17 2.6% $1,699,800 17 0 7396 Mission Hills Drive $722,000 2,692 $268 3.6% $749,000 89 8.5% $789,000 186 1 4958 Mount Pleasant Lane $505,000 2,037 $248 1.9% $515,000 6 8.2% $550,000 136 3 8240 Round Hills Circle $525,000 1,682 $312 0.0% $525,000 15 0.0% $525,000 15 0 7777 Spanish Lake Drive $760,000 2,871 $265 0.0% $759,900 21 2.6% $779,990 133 3 Ten Oaks 7432 Doe Avenue $1,590,000 5,047 $315 0.6% $1,599,899 9 0.6% $1,599,999 12 1 HENDERSON Anthem Country Club 16 Colleton River Drive $775,000 2,620 $296 8.8% $850,000 20 13.9% $900,000 35 1 6 Hammock Dunes Court* $700,000 1,613 $434 -1.4% $690,000 2 3.4% $725,000 36 2 3 Hazelhurst Pass $3,375,000 7,963 $424 10.0% $3,750,000 16 10.0% $3,750,000 16 0 67 Isleworth Drive $1,910,000 3,876 $493 1.8% $1,945,000 15 4.4% $1,998,000 38 1 Ascaya 8 Rockmount Court* $20,500,000 12,101 $1,694 The Fountains 2285 Buckingham Court* $2,050,000 4,021 $510 -2.5% $2,000,000 1 -2.5% $2,000,000 1 0 2205 Versailles Court $1,550,000 5,543 $280 8.8% $1,700,000 46 35.3% $2,395,000 266 3 Green Valley Ranch 2281 Candlestick Avenue $1,300,000 4,305 $302 13.3% $1,500,000 142 13.3% $1,500,000 142 0 2278 Coral Ridge Avenue $1,700,000 5,166 $329 5.3% $1,795,000 48 9.3% $1,875,000 137 1 Legacy 2408 Ping Drive $805,000 4,658 $173 7.4% $869,000 5 7.4% $869,000 5 0 95 Teton Pines Drive $775,000 3,916 $198 4.9% $815,000 17 13.4% $895,000 260 4 150 Wentworth Drive $620,000 2,623 $236 12.7% $710,000 53 17.3% $750,000 188 2 Legacy Estates 2020 Doral Court* $1,600,000 4,452 $359 -0.1% $1,598,900 5 -0.1% $1,598,900 5 0 MacDonald Highlands 1419 Foothills Village Drive $1,750,000 4,107 $426 0.0% $1,750,000 3 0.0% $1,750,000 3 0 438 Serenity Point Drive $2,000,000 3,746 $534 11.1% $2,250,000 23 11.1% $2,250,000 23 0 Madiera Canyon 2737 Moliere Court $1,190,000 4,207 $283 8.1% $1,295,000 25 8.1% $1,295,000 25 0 2848 Saint Dizier Drive $875,000 3,336 $262 1.7% $890,000 32 6.4% $935,000 171 2 NEO Vegas 1228 Powerpack Court $3,082,436 4,053 $761 0.0% $3,082,436 0 0.0% $3,082,436 0 0 Roma Hills 1762 Amarone Way $1,795,000 5,784 $310 0.0% $1,795,000 6 14.5% $2,100,000 121 2 763 Romano Lane $1,905,000 6,256 $305 4.7% $1,999,000 30 4.7% $1,999,000 30 0 Seven Hills 2696 Botticelli Drive $1,299,500 4,497 $289 5.8% $1,380,000 38 5.8% $1,380,000 38 0 COMMUNITY ADDRESS SOLD PRICE SF SP/SF % OFF LAST LIST PRICE LAST LIST PRICE DOM SINCE LAST PRICE % OFF ORIGINAL LIST PRICE ORIGINAL LIST PRICE TOTAL DOM PRICE CHANGES SUMMERLIN Aventura 105 Aventura Street $960,000 2,814 $341 4.0% $1,000,000 14 20.0% $1,199,900 267 5 Canyon Fairways 9302 Canyon Classic Drive $2,950,000 5,656 $522 4.8% $3,100,000 18 4.8% $3,100,000 18 0 701 Canyon Greens Drive $2,055,000 6,004 $342 6.2% $2,190,000 36 21.0% $2,599,900 340 3 Country Club Hills 1700 Bayonne Drive $1,316,250 3,565 $369 0.7% $1,325,000 5 0.7% $1,325,000 5 0 9101 Sandy Bluff Court $1,072,000 4,188 $256 8.8% $1,175,000 20 16.6% $1,285,000 83 1 Country Rose Estates 2220 Scarlet Rose Drive $685,000 2,417 $283 0.7% $689,888 8 4.3% $715,888 30 1 2117 Scarlet Rose Drive $620,000 2,934 $211 9.9% $688,000 8 11.3% $699,000 37 1 2052 Spring Rose Street $725,000 3,128 $232 3.3% $750,000 6 3.3% $750,000 6 0 Mesa Ridge 5289 Feathertop Drive $2,437,500 4,969 $491 8.0% $2,650,000 42 11.4% $2,750,000 69 1 11071 Sanctuary Cove Court $2,600,000 3,856 $674 3.7% $2,699,999 11 3.7% $2,700,000 122 1 Red Rock Country Club 11474 Glowing Sunset Lane $1,650,000 2,712 $608 0.0% $1,650,000 5 0.0% $1,650,000 5 0 Reverence 10940 Ansel Drive $1,050,000 2,183 $481 4.5% $1,099,000 11 4.5% $1,099,000 11 0 2690 Orange Sky Lane $1,075,000 3,102 $347 6.5% $1,150,000 89 23.2% $1,400,000 285 3 3001 Raywood Ash Drive $1,150,000 2,852 $403 6.1% $1,225,000 7 34.3% $1,750,000 439 3 The Ridges 39 Coralwood Drive $3,135,000 4,618 $679 2.0% $3,200,000 27 2.0% $3,200,000 27 0 1 Gemstar Lane $2,400,000 3,776 $636 4.0% $2,499,000 4 4.0% $2,499,000 4 0 11280 Granite Ridge Dr, #1012 $900,000 2,037 $442 6.2% $959,995 48 35.7% $1,399,995 474 11 11280 Granite Ridge Dr, #1083 $1,325,000 3,211 $413 5.3% $1,399,000 112 11.6% $1,499,000 183 1 11280 Granite Ridge Dr, #1096 $950,000 2,414 $394 5.0% $999,999 46 5.0% $999,999 46 0 11280 Granite Ridge Dr, #1122 $1,360,000 3,211 $424 6.2% $1,450,000 119 6.2% $1,450,000 119 0 57 Hawk Ridge Drive $8,000,000 8,323 $961 5.9% $8,500,000 34 5.9% $8,500,000 34 0 91 Hawk Ridge Drive $6,099,000 9,429 $647 0.0% $6,099,000 6 12.9% $6,999,000 125 2 19 Morning Glow Lane $5,250,000 5,671 $926 6.2% $5,595,000 125 25.0% $6,999,999 307 5 20 Soaring Bird Court $10,000,000 8,244 $1,213 0.0% $10,000,000 42 0.0% $10,000,000 42 0 48 Wildwing Court $3,900,000 6,588 $592 10.3% $4,349,900 58 38.1% $6,300,000 292 6 Tournament Hills 1533 Champion Hills Lane $2,050,000 4,491 $456 12.8% $2,350,000 45 18.0% $2,499,900 178 1 Traccia 11284 Corsica Mist Avenue $599,000 1,873 $320 0.0% $599,000 0 0.0% $599,000 0 0 Trilogy in Summerlin 4311 Veraz Street $807,500 2,551 $317 2.1% $824,888 15 10.3% $899,995 62 3 4300 Veraz Street, #1 $935,000 2,718 $344 4.1% $975,000 33 4.1% $975,000 33 0 The Vineyards 1205 Mersault Court $1,740,000 4,485 $388 7.8% $1,888,000 48 10.7% $1,949,000 82 1 Willow Creek 3020 American River Lane $1,415,000 3,525 $401 0.7% $1,425,000 0 0.7% $1,425,000 0 0 10871 Keymar Drive $1,675,000 3,951 $424 5.6% $1,775,000 15 5.6% $1,775,000 15 0 JUNE 2023 GUARD-GATED
JUST SOLD | $5,200,000 38 RAVENSWOOD AVENUE Southern Highlands JUST SOLD | $1,250,000 1500 SAINTSBURY DRIVE The Vineyards JUST SOLD | $990,000 308 KINGSCLEAR COURT Queensridge 10785 W. Twain Avenue, Suite 110, Las Vegas, NV 89135 702.605.7482 | robjensen.com TM
