Rob Report – Rob Jensen Company January 2016 Newsletter

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Transcript of Rob Report – Rob Jensen Company January 2016 Newsletter

  • Call us today to find or sell your guard gated home.

    robjensen.com702.605.7480

    11476 Morning Grove Drive Red Rock Country Club | $1,595,000Both the private front courtyard and golf course frontage make this homes outdoor spaces as fine as its interior where refined luxury meets at-ease living. Whether preparing intricate meals in a gourmet kitchen, hosting elegant gatherings in its formal spaces, or simply unwinding with your favorite TV show, this home has you covered right down to the amazing master bedroom with a spa-like bath. Undoubtedly, this is a home to fall in love with. Schedule a private tour today.

    L A S V E G A S & H E N D E R S O N J A N U A R Y 2 0 1 6

    ROB REPORT

  • SOLD PROPERTIES | LAS VEGAS & HENDERSON | DECEMBER

    Anthem Country Club Henderson29 Moraine Drive 2,513 $539,000 $21414 Haig Point Court 1,889 $434,900 $2308 Gladewater Drive 1,905 $434,888 $22824 Golf Crest Court 3,962 $850,000 $2151 Dry Brook Trail 4,511 $1,125,000 $249

    Aventura Las VegasNo closed sales for the month.

    Bellacere Las VegasNo closed sales for the month.

    Canyon Fairways Las Vegas504 Lob Wedge Court 5,586 $1,248,900 $224 REO

    Canyon Gate Las Vegas8924 S. Rainbow Ridge Drive 1,788 $386,900 $2168936 Rainbow Ridge Drive 2,082 $362,000 $1748844 Rainbow Ridge Drive 3,663 $655,000 $179

    Corta Bella Las VegasNo closed sales for the month.

    Country Club Hills Las VegasNo closed sales for the month.

    Eagle Hills Las VegasNo closed sales for the month.

    Eagle Rock Las Vegas413 Proud Eagle Lane 4,078 $661,000 $162

    Legacy Estates Henderson2090 Troon Drive 6,661 $1,075,000 $161

    MacDonald Highlands Henderson1343 Quiet River Avenue 5,037 $1,175,000 $2331540 Foothills Village Drive 3,375 $940,000 $279516 Regents Gate Drive 4,351 $1,050,000 $2411717 Choice Hills Drive 4,265 $730,000 $171

    Mountain Trails Las VegasNo closed sales for the month.

    One Queensridge Place Las Vegas9101 Alta Drive #302 3,856 $2,025,000 $5259101 Alta Drive #807 2,271 $860,000 $379

    Queensridge Las VegasNo closed sales for the month.

    Red Rock Country Club Las Vegas11233 Golden Chestnut Place 3,601 $810,000 $2252034 Orchard Mist Street 4,578 $1,025,000 $224

    Roma Hills HendersonNo closed sales for the month.

    Seven Hills - Marquis HendersonNo closed sales for the month.

    Seven Hills - Rapallo Henderson1258 Imperia Drive 10,401 $2,500,000 $240

    Seven Hills - Terracina/Venezia Henderson1605 Milano Villa Avenue 4,723 $1,100,000 $233

    Southern Highlands Las Vegas21 Augusta Canyon Way 7,013 $2,375,000 $339 REO

    31 Vintage Canyon Street 8,290 $2,200,000 $265 REO

    3863 Glasgow Green Drive 5,114 $1,150,000 $225

    12087 Oakland Hills Drive 6,184 $1,048,000 $169

    Spanish Hills Las VegasNo closed sales for the month.

    Spanish Trail Las VegasNo closed sales of home over 4,000 sq.ft.

    Ten Oaks Las VegasNo closed sales for the month.

    The Fountains HendersonNo closed sales for the month.

    The Palisades Las VegasNo closed sales for the month.

    The Ridges Las VegasNo closed sales for the month.

    The Vineyards Las Vegas1204 Saintsbury Drive 3,430 $715,000 $208

    Tournament Hills Las VegasNo closed sales for the month.

    Willow Creek Las VegasNo closed sales for the month.

    HOME PRICING FOR SALE IN ESCROW SOLD EXPIRED ABS RATE*

  • 4MM

    HOWS THE MARKET | GUARD GATED SALES STATISTICS - DECEMBER

    *Abs(orption) Rate: length of time (given in months) it takes to sell current inventory.

    Number of months of current supply is based on average number of monthly sales for last 6 months. Source: Multiple Listing

    Service (MLS), 1/3/16

    60

    23

    23

    13

    9

    2

    2

    5

    1

    26

    16

    12

    6

    5

    0

    1

    1

    2

    39

    20

    6

    11

    1

    2

    1

    1

    0

    5.4

    8.1

    10.8

    9

    15.7

    13.8

    33.6

    25

    88

    HOME PRICING FOR SALE IN ESCROW SOLD EXPIRED ABS RATE* TRENDS - MONTHLY & YEARLY

    Dec 15

    Nov 15

    MoM%Dec 14

    YoY%

    SoldProperties

    81

    88

    -8%72

    13%

    Active Listings

    721

    795

    -9.3%766

    -6%

    133

    121

    92

    89

    38

    21

    26

    20

    43

    Dear Friends,

    Happy New Year! I hope you had a nice holiday season. Now that were into a new year, you have most likely been thinking about your homes value because of your updated tax bill that arrived from the Clark County Assessors office. Any conversation you would be having about your homes value wouldnt be complete without the Z-word, so lets talk about Zillows Zestimate.

    The Zestimate can be considered a fair starting point for a deeper conversation with your real estate agent. Zillow says the following to agents regarding the Automated Valuation Model (AVM):

    A Zestimate is a computer generated estimate. We cannot inspect every home alongside an appraiser or [Realtor] Data has its limits. For that final and crucial step in assessing a homes exact value, homeowners, appraisers and agents need to weigh in. You have a huge advantage to position yourself as the local expert, since you understand a homes real worth when factoring in the qualitative neighborhood attributes and desirability not captured in our algorithm. Jay Thompson, Director of Industry Outreach, Zillow.com in RIS Meidas REAL ESTATE, March 2014, p. 65.

    For Las Vegas, Zillows Zestimate Accuracy Table states the following:

    45.8% sold within 5% of Sale Price

    73.3% sold within 10% of Sale Price

    91.4% sold within 20% of Sale Price

    The numbers can swing low or high. So, when it comes to determining your homes value, I recommend keeping an open mind and ear to the experts.

    Its a good life,

    Rob Jensen Broker/President

  • 702.605.7480 | robjensen.com

    NEWS

    Habitat for Humanity Helps People in Need, One Home at a TimeArticle by Mike Stotts

    works, Habitat Las Vegas is working with its community partners to help eliminate, or at least substantially reduce, community blight in Pittman.

    MGM Resorts International, Bank of America, and Wells Fargo are major organizational sponsors that specifically support Habitats neighborhood revitalization and development efforts.

    However, much of the beneficial day-in and day-out work of Habitat Las Vegas would not be possible if not for the continuous outpouring of generous donations from many other donors and sponsors. Its galas 14th Annual Home for the Holidays was just such an event in October at the McDonald Highlands luxury home in Henderson of Ken and Michelle Alber. It further raised awareness and funds to help build homes, family, and community in Southern Nevada. Through Habitats dedicated 23 sponsors, the event provided relaxing holiday entertainment, mouthwatering hors doeuvres, and live and silent auctions, offering up the likes of home meals prepared by the finest chefs featured on Bravo TVs Top Chef, to a Hawaiian getaway in Kuai, to a NASCAR package, to fine art from Peter Lik Photography, and even a private poker lesson from World Series of Poker champion Howard Lederer, among the many other equally tempting items. Habitat raised nearly $210,000 from all sources from the event, surpassing its fundraising goal for this year, says Vo.

    Also substantially aiding operations are its two ReStores in the Las Vegas valley, discount home improvement stores that characteristically contribute 75% to its annual operating cost budget.

    To read more exciting articles, visit robjensen.com/news

    Habitat for Humanity Las Vegas and its over 4,000 gracious volunteers have a noble, succinct and primary humanitarian goal in life: To help people in need, one home, and one family at a time.

    Since starting in the Las Vegas valley in 1991, Habitat Las Vegas has succeeded in constructing 105 homes to date (6 for the 2014-2015 fiscal year), helping 379 impoverished adults and 243 of their children, and substantially transformed peoples lives by making the dream of living a stable life, a reality through home ownership. One-hundred percent of funds received from its grants and sponsorships go directly to the construction of Habitat homes.

    We offer families stability, security, and independence. When they come through our program, its more than just a home because they have all of the necessary tools to own a home, how to maintain a budget, how to save, how to maintain their home, etc. Its providing them with a stable life and future, says Cathy Vo, community outreach manager for Las Vegas Habitat.

    Habitat for Humanity and its 17 board members tirelessly aid people in need in other beneficial ways, too. For example, they provide their home preservation service called A Brush with Kindness (ABWK), offering painting, landscaping and minor repairs for homeowners in need. ABWK helps low-income homeowners impacted by age, disability, and family circumstances, who otherwise would not have been able to afford the cost of repairs on their home.

    Its full steam ahead for Habitat Las Vegas through 2018, with strategic plans now in place to build 7-10 new homes each year. Although home builds are focused primarily in Hendersons Pittman region, they continue unabated with neighborhood revitalization efforts in North Las Vegas and Vegas Heights as well. And for the next set of homes in the

  • 1763 Harpsichord Way Roma Hills | $1,05