The Jenson Group Helps Buyer Procure $3.7 Million Las Vegas Dream Home

Check out this piece of news The Jenson Group recently announced, whichexemplifies how our agency continues to close high-end residential realestate deals amid climate of economic uncertainty:

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The Jenson Group Helps Buyer Procure $3.7 Million Las Vegas Dream Home

:::Closes Second Home Over $1 Million in Less Than 35 Days:::

LAS VEGAS, NV, June 18, 2008 - The Jenson Group of RE/MAX CENTRAL(www.TheJensonGroup.com), a leading Las Vegas luxury real estate agencyspecializing in high-end residential property, today announced that it hashelped yet another client successfully close escrow on the purchase of amulti-million dollar residence located at 86 Hawk Ridge Drive in The Ridgesof Summerlin - among the country's most coveted guard-gated luxurycommunities. Serving as the buyer's agent, The Jenson Group represented theclient on the search for, and purchase transaction of, this upscale propertythat sold for $3.7 million - the second home over $1 million The JensonGroup has successfully facilitated a closing on in less than 35 days.

"This home sale exemplifies that the market for single family residences,high-end and otherwise, in Las Vegas is steadily gaining ground, even asbanking, employment and other economic concerns persist," said RobertJenson, founder, CEO and principal REALTOR® at The Jenson Group.

Indeed, despite The National Association of Realtors' recent reportpurportedly signaling "the housing slump has yet to bottom out even as thespring sell season gets under way," Las Vegas-area single family residenceshave been steadily on the rise since January, as evidenced by closed salestatistics: January - 819 units, February- 930 units, March - 1,261 units,April - 1,519 units and May - 1,679 units Including the city of Henderson,these figures increase to 1,012, 1,156, 1,555, 1,848 and 2,015 units,respectively.

"Prices of homes have dropped significantly and buyers are taking advantageof these 'deals' at an increasing clip," Jenson notes. "As well, bank ownedhomes are seeing multiple offers, and are commonly selling above list price.For our part, our agency's showings and closed sales have continued toincrease each month of 2008. While overpriced homes do still persist in thismarket, many sellers are being prudent with their pricing...and theinvestment-savvy are buying in."

Jenson concludes, "We're clearly encouraged by economic signs that the worstmay be over for the three year real estate correction cycle. This supported,in part, by the National Association of Business Economists recent forecastthat housing and consumer credit conditions will stabilize and beginimproving as the year moves on, coupled with a steady decline in mortgagerates of late. The most important indicator for us, however, is that ourphone continued to ring and we continued to close deals even during the LasVegas real estate market's darkest hour, now past."

About The Jenson Group of RE/MAX CENTRALWith a team that has served the Las Vegas community for nearly a decade, TheJenson Group is a premier luxury real estate agency specializing in the saleand purchase of upscale residential property, including estate homes, highrise condominiums, and land for use or investment. A RE/MAX "Hall of Fame"award recipient consistently ranked in the top 1% of sales throughout theLas Vegas Valley, The Jenson Group offers distinctive representation to LasVegas' most discriminating clients who demand a high caliber of service. Thecompany is staffed by an expert team of real estate professionals withunsurpassed knowledge of the luxury Las Vegas real estate marketplace. Thecompany may be reached via telephone at 702-255-8252 or through its Web sitelocated at www.TheJensonGroup.com.