Rob's Report - December 2021

Rob's Report SUMMERLIN, LAS VEGAS, & HENDERSON

2705 GRASSY SPRING PLACE R E D R O C K C O U N T RY C L U B

$1,750,000 | 4,083 SF 4 Bedrooms, 5 Bathrooms Two-Story

Lovers of natural beauty will appreciate this fully renovated two-story home in the 24-hour guard gated community of Red Rock Country Club. Built on the second hole of the private Mountain golf course, this property showcases picturesque fairway and mountain vistas from almost every room. The generous lot size, 50% larger than most in the area, allows for a larger backyard and setback from the street.

Recent upgrades include new flooring, trendy light fixtures, and fresh interior paint. Beyond the expansive front yard and courtyard entry, discover a spacious floor plan with multiple French doors and balconies for indoor/outdoor living.

DECEMBER 2021

NOVEMBER 2021

Sold Properties COMMUNITY

ADDRESS

Guard Gated

SF

PRICE

P/SF

3,514

$900,000

$256

Canyon Gate

4,954

$1,900,000

$384

SUMMERLIN Aventura

201 Tesoro Drive

Canyon Fairways 813 Canyon Greens Drive

COMMUNITY

ADDRESS

SF

PRICE

P/SF

3,029

$950,000

$314

3,856

$2,550,000

$661

2,137

$1,000,000

$468

LAS VEGAS 9001 Opus Drive

Corta Bella

8804 Bonta Court

3,206

$825,000

$257

One Queensridge 9101 Alta Drive, #1202 Place 9101 Alta Drive, #1406

Mountain Trails

9704 Highridge Drive

6,525

$2,650,000

$406

9103 Alta Drive, #1604

6,404

$5,150,000

$804

The Palisades

304 North Royal Ascot Drive

4,065

$1,411,000

$347

9103 Alta Drive, #805

3,355

$1,730,000

$516

Red Rock Country Club

3245 Elk Clover Street

3,455

$1,375,000

$398

9704 Camden Hills Avenue

3,913

$1,035,000

$265

1955 Orchard Mist Street

3,999

$1,393,000

$348

9433 Garnet Crown Avenue

3,497

$1,175,000

$336

2515 Peaceful Prairie Court

2,508

$965,000

$385

9601 Orient Express Court

9,888

$3,850,000

$389

3296 Rabbit Brush Court

2,243

$1,030,000

$459

9736 Verlaine Court

4,879

$1,450,000

$297

Dear Friends,

2923 Red Arrow Drive

5,320

$2,625,000

$493

11532 Timber Mountain Ave

2,712

$1,180,000

$435

9909 Cozy Glen Circle

5,047

$1,050,000

$208

2021 has been a tremendous year for luxury real estate, with high appreciation percentages in the double digits. When looking at closed sales, also known as comps, you’ll commonly hear the term price per square foot. For those new to the concept, this number is calculated by taking the closed sales price of a home and dividing it by its square footage.

2671 Turtle Head Peak Drive

3,085

$1,400,000

$454

11817 Canons Brook Drive

3,220

$1,200,000

$373

2930 Full Lotus Drive

2,639

$1,240,000

$470

96 Olympia Chase Drive

4,119

$2,375,000

$577

2970 Full Lotus Drive

2,183

$900,000

$412

50 Olympia Outlook Drive

6,250

$4,100,000

$656

2720 Nevada Agave Lane

4,273

$1,880,000

$440

5067 Mountain Foliage Drive

5,317

$1,700,000

$320

2930 Raywood Ash Drive

4,099

$1,950,000

$476

10930 Red Yucca Drive

2,183

$975,000

$447

14 Drifting Shadow Way

7,813

$5,150,000

$659

54 Glade Hollow Drive

3,797

$1,735,000

$457

11 Golden Sunray Lane

9,771

$6,199,000

$634

90 Hawk Ridge Drive

8,186

$6,500,000

$794

35 Panorama Crest Avenue

4,380

$1,850,000

$422

29 Promontory Ridge Drive

11,918

$6,997,500

$587

2857 Middle Earth Street

3,792

$1,250,000

$330

10997 Tranquil Waters Court

5,220

$2,350,000

$450

2 7 0 5 G R A S S Y S P R I N G P L A C E | R E D R O C K C O U N T RY C L U B

For example, 10951 Stardust Avenue in The Summit sold for $15,400,000 and was 6,634 square feet, resulting in a sold price per square foot of $2,321. 685 Dragon Peak Drive in MacDonald Highlands sold for $25,000,000 and was 15,000 square feet, which comes out to $1,667/sqft. These are some of the highest numbers the valley has ever seen!

Reverence

The Ridges

Looking at the closed sales for November, you’ll see quite a range when it comes to the sold price per square foot. Some of the factors that contribute to a home’s sale price, and ultimately the sold price per square foot, are location, views, the age of the home, renovations, pool, etc. When choosing home sales to compare to your home, it is best to find homes that are similar in many of these aspects.

The number of available homes continues to shrink. For guard gated single-family homes, inventory is down 53% from two years ago. The availability of custom home lots is down substantially as well. All of this points toward a competitive year for homebuyers in 2022 and continued appreciation for sellers.

Willow Creek

November 2019 - 498 homes for sale November 2020 - 354 homes for sale November 2021 - 233 homes for sale If you’re looking to make a move next year, let’s talk sooner than later so we can put a solid plan in place.

Happy Holidays!

Queensridge

Regency at The Lakes Southern Highlands

Spanish Hills Spanish Trail

8462 Turtle Creek Circle

3,010

$1,231,000

$409

Ten Oaks

7404 Oak Grove Avenue

4,724

$1,200,000

$254

Tuscan Cliffs

4169 San Capri Way

4,487

$1,375,000

$306

11362 Villa Bellagio Drive

4,893

$2,850,000

$582

4135 Villa Rafael Drive

5,838

$1,850,000

$317

24 Brookridge Drive

3,085

$1,200,000

$389

7 Chatmoss Road

1,940

$650,000

$335

3 Douglas Grove Road

2,614

$830,000

$318

HENDERSON Anthem Country Club

2 El Macero Court

3,216

$1,340,000

$417

104 Fountainhead Circle

2,678

$750,000

$280

8 Mallard Creek Trail

5,756

$2,000,000

$347

6 Moraine Drive

2,678

$835,000

$312

29 Plum Hollow Drive

3,216

$1,050,000

$326

The Fountains

2367 Villandry Court

3,250

$1,275,000

$392

Legacy Estates

198 Inveraray Court

7,304

$1,750,000

$240

MacDonald Highlands

1565 Foothills Village Drive

4,345

$1,900,000

$437

1431 Foothills Village Drive

2,526

$995,000

$394

Roma Hills

Rob Jensen Broker / President 702.605.7480 B.143770

Monica Nalbantoglu Director of Sales 702.605.7480 S. 179807

No closed sales for the month of November in Bellacere, Country Club Hills, Country Rose Estates, Eagle Hills, Eagle Rock, The Summit, Tournament Hills, The Vineyards, Ascaya, Hillsboro Heights

Seven Hills Rapallo

1786 Amarone Way

5,442

$1,510,000

$277

781 Bolle Way

6,911

$1,900,000

$275

1318 Imperia Drive

5,065

$1,560,000

$308

8,039

$4,725,000

$588

Seven Hills 1551 Tuscano Court Terracina/Venezia

NOVEMBER 2021

How's The Market?

PRICE RANGE

Guard Gated Sales Statistics

FOR SALE

UNDER CONTRACT

SOLD

EXPIRED

ABS* RATE (MONTHS)

$500K-$749K

21

22

11

1

3.2

$750K-$999K

24

30

24

2

2.3

$1M-$1.49M

34

29

21

0

2.9

$1.5M-$1.99M

27

14

13

0

3.2

$2M-$2.49M

33

17

3

1

12.5

$2.5M-$2.99M

10

6

3

0

5.3

$3M-$3.99M

21

14

1

1

10.0

$4M+

63

14

6

3

11.0

*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), 11/30/21. 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 NOV 2021

Monthly & Yearly

CLOSED SALES

UNDER CONTRACT

ACTIVE LISTINGS

82

146

233

NOVEMBER '21

11/30/21

11/30/21

OVER OCT '21

-14%

+12.3%

-6.8%

OVER NOV '20

-37%

-25.1%

-34.2%

OCT 2021

NOV 2020

95

OCTOBER '21

130 10/31/21

250

130

195

354

NOVEMBER '20

11/30/20

10/31/21

11/30/20

Top 5 Spots to

ENJOY WINE in LAS VEGAS HENDERSON’S FIRST AND ONLY APPROACHABLE WINE VENUE The Local (2240 Village Walk Drive, #136, 702.665.6050) On the shop-lined walkways of The District at Green Valley Ranch, you won’t find yourself bombarded by tourists or large crowds. What you will find is an intimate, unpretentious wine venue with a mom-and-pop feel and a footprint of just 1,000 square feet. The Local opened in the summer of 2019. Since then, it has proudly become a place for wine beginners and aficionados alike to gather in Henderson.

With a focus on boutique wines instead of more common bottles, Director of Beverage Rafael Garcia aims to “offer the world in 80 selections.” In other words, there’s a little bit of everything for everyone. Sandwiches, salads, and charcuterie are the staples of the food menu, but you can’t leave without trying the Bacon Wrapped Dates. Whether you’re enjoying a $6 pour during Happy Hour or sharing a bottle over dinner, The Local is proof that you don’t have to go to the Las Vegas Strip for an excellent glass of wine.

A FUN AND UNPRETENTIOUS PLACE FOR WINE EDUCATION Garagiste (197 E. California Avenue, #140, 702.954.3658) The Las Vegas Arts District is a vibrant cultural hub located on Charleston Boulevard east of the I-15. Filled with art galleries and performance spaces, this neighborhood is home to First Friday, a monthly event

daily Happy Hour or sharing a plate of montaditos (mini Spanish sandwiches), bin 702 is the perfect place to bring friends before a night on the town.

General Manager Kelly Hawes said it best: “In true downtown tradition, we believe wine brings people together.”

Marché Bacchus

The Local

Garagiste

bin 702

La Cave

Photo Courtesy of: La Cave, Wynn Las Vegas, Photo Credit: Jeff Green

that showcases local artists, musicians, and makers. On the streets south of the festival’s footprint, among local breweries and indie coffee shops, you can also find one of the best wine lists in the city. The French name might sound uppity, but Garagiste is anything but. Founded by a pair of certified Sommeliers with a combined 25+ years in the food

and beverage industry, Garagiste curates hundreds of selections and regularly refreshes the menu with unique bottles from around the world. Co-owner Eric Prato, often dressed in shorts and a t-shirt, says their goal is to “make wine fun and approachable.”

Primarily a wine merchant, Garagiste offers a limited charcuterie menu to enjoy with

wine by the glass, flight, or bottle.

If you want to explore the world of wine and try something new while keeping it casual, Garagiste is here for your wine education.

THE WINE & DINE STOP FOR YOUR DOWNTOWN BAR HOP bin 702 (707 E. Fremont Street, #1220, 702.826.2702)

From craft cocktail lounges to rock’n’roll dive bars, there’s no shortage of bar-hopping destinations in the artsy and eclectic neighborhood of Fremont East in Downtown Las Vegas.

One popular stop is Downtown Container Park, an open-air shopping center composed of renovated shipping containers and guarded by a giant, fire-

breathing praying mantis. Since 2013, two of these containers have been home to bin 702, a 640 square-foot wine bar that got its name by combining “bin” (a numbered storage area in a wine cellar) with our local area code. bin 702’s wine list is superb, but their food pairings are phenomenal. Whether you’re splitting a $20 bottle at their

A ROMANTIC, HIDDEN GEM ON THE WATERFRONT Marché Bacchus (2620 Regatta Drive, #106, 702.804.8008) Desert Shores might sound like an oxymoron, but such a place exists. This Las Vegas community encompasses 682 acres with four man-made lakes, where many of the homes enjoy waterfront views and private docks. Here, in an unassuming business complex overlooking the glistening waters of Lake Jacqueline, a hidden gem for wine lovers awaits. Marché Bacchus is described as a French bistro and wine shop, but terms like “romantic experience” or “celebrity destination” work equally as well.

A favorite of guests like Deepak Chopra and Celine Dion, Marché Bacchus offers 950 different labels, including boutique and special-edition wines, expertly paired with delectable French and Mediterranean cuisine. Jeffrey Wyatt, owner of Marché Bacchus since 2007, claims his goal is to “satisfy every client” by offering selections from “almost every major wine region in the world.” So, get your friends together for Sunday brunch, watch the swans float by as you dine at sunset with your significant other, or peruse the shop for a competitively priced bottle or

cheese board to go. However you choose to enjoy Marché Bacchus, you’re bound to leave satisfied.

AN IMPECCABLE WINE EXPERIENCE ON THE LAS VEGAS STRIP La Cave (Wynn Las Vegas, 702.770.7375) On the resort-lined boulevard of the Las Vegas Strip, there seem to be endless options for entertainment, but one luxury resort is a cut above the rest; Wynn Las Vegas offers a Forbes Five Star hotel and casino, an award-winning spa, and some of the finest restaurants in the city, including La Cave. Morton Group, founded by famed restaurateurs Michael and Jenna Morton, opened this food and wine hideaway in 2010. Here, you can enjoy several distinct environments—the cellar, the front bar area illuminated by a sign proclaiming In Vino Veritas, the rustic yet refined dining room, and a patio that looks out over the elegantly landscaped resort pool and gardens. Regularly curated by Lead Sommelier Caleb Anderson, La Cave’s wine list includes over 1,000 wines with a preference for “smaller, harderto-find labels.” As far as dining goes, Chef Billy DeMarco’s menu of small-plate items is beautifully organized into sections like “From the Sea” and “From the Garden.”

Whether you’re indulging in a prix fixe brunch with bottomless libations or a romantic anniversary date, the quality at La Cave is unmatched—and the experience is unforgettable.

TEAM SPOTLIGHT!

Dylan Edwards LISTINGS COORDINATOR

Dylan Edwards is a motivated problem-solver who works with sellers to help them achieve their goals. As the Listings Coordinator for the Rob Jensen Company, Dylan is responsible for bringing our new listings to life.

From gathering all the necessary property information to posting it on national and global websites to attract qualified buyers, there is no shortage of work to be done, and Dylan tackles each task with a can-do attitude.

Once a new listing is taken on, Dylan jumps into action by communicating with our sellers to schedule our vendors and in-house specialists. This ensures that we have all the professional photography, videography, and copy we need to create print and online marketing materials before the listing goes live. Inspired by the beauty of the luxury properties we specialize in, Dylan’s favorite part of the job is the field work: taking notes and measurements for the MLS and creating virtual home tours using our Matterport 3D camera. Methodical and adaptable, he ensures that each listing is both accurate and appealing, because he believes that every property should be seen in its best light.

In his personal life, Dylan is motivated by progress and growth. He loves learning and dislikes feeling stagnant.

Whether it’s mastering personal finance or tweaking his investment portfolio, Dylan always strives for the best result—an admirable trait that translates to a flawless experience for our clients.

Born and raised in Southern California, Dylan is happiest spending time at the beach, diving, or riding his motorcycle. He also loves traveling to new places and having new experiences with his girlfriend. Wherever he goes, Jerry Rice’s famous quote is always on Dylan’s mind: “Today I will do what others won't, so tomorrow I can do what others can't.”

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

JUST SOLD

JUST SOLD

3040 AMERICAN RIVER LANE

$2,575,000

WILLOW CREEK

JUST SOLD

QUAIL RIDGE ESTATES

$2,400,000

JUST SOLD

4540 NORTH CONQUISTADOR STREET LONE MOUNTAIN

$2,499,000

JUST SOLD

1786 AMARONE WAY ROMA HILLS

$1,510,000

JUST SOLD

$1,450,000

9736 VERLAINE COURT QUEENSRIDGE

robjensenco

1 DOVETAIL CIRCLE

robjensenco

9433 GARNET CROWN AVENUE QUEENSRIDGE

$1,175,000