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.

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

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.