Guy Johnson

"REALTOR, MBA, Blogger"

I'm a:	Real Estate Professional
Company:	Chase International
Location:	Reno
Web sites:	My Blog - Reno Realty Blog
	My Broker - Chase International
Phone:	(775) 722-4011

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About Me

I am a REALTOR® living and working in Reno, Nevada. I am also a regular contributor to the Reno Realty Blog. I bring to the table twenty-plus years of exceeding my clients' expectations. Having owned and operated two successful service-oriented businesses I know first-hand the importance of listening to my clients and identifying their needs in order to deliver the extraordinary results to which they are accustomed.

My successes with my former businesses resulted from a combination of my commitment to client service, my dynamic personality, and my formal education. A former Chicagoan, I have earned my MBA, as well as my B.S. in Computer Science from the University of Illinois. My subsequent years working in the Information Technology industry has provided me with an important edge in today's technology-driven real estate business.

I bring with me a strong sense of Midwest values and a down-to-earth work ethic. I moved to Reno with my wife, Lorri, a Nurse Practitioner at Renown Medical Center, to raise our energetic preschool twins in the Reno-Tahoe lifestyle.

For a professional real estate agent committed to your needs call me at Chase International's Reno office at (775) 722-4011. And for more info on the Reno real estate market check out my blog at RenoRealtyBlog.com.

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Asked Sat Aug 25 2007, 15:23 by Shawna - Elko - Home Buying - 1 answer

Guy Johnson answered:

I'm not sure where exactly in Nevada you're looking, but if Reno is your destination I would recommend taking a look at the condominiums at The Resort at Tanamera. Very nice amenities. Check out their web site at http://www.tanameraresort.com - Sat Aug 25 2007, 16:36

WHAT IS THE TRANSFER TAX IN LAS VEGAS, NEVADA?

Asked Thu Aug 16 2007, 16:38 by Mary Shapiro - 89102 - Home Buying - 2 answers

Guy Johnson answered:

The real property transfer tax rate for Las Vegas (Clark County) is $5.10 per every $1,000 of the sale price. Compare this to Reno (Washoe County) where the real property transfer tax rate is $4.10 per $1,000. Move to Reno. ;) - Thu Aug 16 2007, 22:29

Custom home price per square foot?

Asked Tue Aug 14 2007, 15:19 by Patrick Turn… - Ward 2 - Market Conditions - 9 answers

Guy Johnson answered:

Yes, you are correct. These prices represent resale prices. I apologize for that. The prices I have heard for custom home construction range the high $200s to $310/sq.ft. What I hear from the builders is that it's the price of the land that really contributes to that number. - Tue Aug 14 2007, 17:26

Patrick,

Custom home prices vary wildly due to many variables, not the least of which is location. However, in order to provide you with some concrete numbers, let’s take a look at one of Reno’s larger custom home developments, ArrowCreek. ArrowCreek is a Master Planned Golf Community containing a nice mix of production, semi-custom, and custom homes. For the sake of this quick analysis I’ll use $1M as the cut-off between production and custom homes. Sure, a couple semi-custom homes may sneak into the mix, but at least this will provide you with a pretty good idea.

Recent ArrowCreek Solds (I’m going back 4 months for these figures)
Price median $/sq.ft. # homes Sold
$1.0M - $1.499M $312.65 (12 units sold)
$1.5M - $1.999M $365.79 (6 units sold)
$2.0M and up $406.79 (1 unit sold)

One thing to note: Reno doesn’t see many homes sell for over $2M. In fact, only 17 homes over $2M sold in the resale market in all of 2006. In the first half of 2007, we’ve had 9 homes sell for $2M or more. So, it looks like we’re on track for a similar total.

After I ran the above analysis for ArrowCreek, I decided to perform the same for all of Reno. The results are:
Price median $/sq.ft. # homes Sold
$1.0M - $1.499M $312.82 (34 units sold)
$1.5M - $1.999M $410.62 (17 units sold)
$2.0M and up $417.46 (8 units sold)

Hope this helps. - Tue Aug 14 2007, 16:04

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