Guy's Blog

Real Estate Agent - Keller Williams Group One, Inc.
I regularly post to the Reno Realty Blog. This popular blog describes itself as "Musings on the Reno Sparks real estate market". You may access this blog at the following web address:
Notices of Default spiked big for January.  675 filed NODs in January represents a 17% increase over December’s number of NODs, and is more than double the number of NODs filed for the same period last year.  Will it ever stop?New home sales in January dropped 48% from December’s 83 new home sale...
Well, it has finally happened.  The median sold price for Reno and Sparks, Nevada has now fallen below $200,000.  And in a BIG way!  January’s median sold price of $194,450 represents a HUGE drop from the previous month’s $209,900 – a whopping 7.4% decrease.  And I thought December’s 4% drop from...
Reno’s median sold price took another big hit in December dropping 4.3% from November’s number. December’s median sold price now sits at $208,000 and is extremely close to falling below the $200,000 level. [In fact, if we see another 4.3% price decline this month, the new median will be $199,056....
“Guy, if I buy this house, will my property taxes be calculated based off my purchase price?” This is a question I get asked quite often.  And is one for which most buyers are surprised to hear the answer.  What they are really asking is will their new property tax bill be lower than the property...
At $218,350, Reno-Spark's median sold price has now settled solidly below $220,000.  Units sold however continue to remain higher than last year's numbers.  For example, November's 274 sales represents an 18.6% increase over November 2007 sales.  Higher year-over-year sales is a trend that we hav...
In Washoe County, Nevada, September's stats showed a more than a 10% reduction in the number of Active licensed agents since the beginning of the year.  In real numbers, September's decrease of 313 agents since January equates to one agent a day leaving the business.  Statewide the decrease in th...
The median sold price per square foot for a home in Reno - Sparks, Nevada is now about $127/sq.ft. [after peaking at $214/sq.ft. in 2005]. The current $/sq.ft. number has brought us to pre-2004 levels.  A buyer can now roll back the clock five years when purchasing a home today.  Check out all th...
After rocketing skyward for a couple years Notices of Default in Washoe County finally peaked in April of this year at 457 NODs.  In the five months following April's peak, NODs began trending downward slightly.  For example, September's 422 NODs represented an 8% decline from April's peak.  Well...
I've just returned from this year's NAR (National Association of REALTORS®) conference where I saw the latest agent tools and products; met many new people; and caught up with old friends.  One of these friends was Gustavo Blachman, broker-owner of Terrabella Realty, a realty firm based in Miami,...
The drop in October's median sales price is truly startling (see table below). I believe October's is the largest one-month decline in sales prices we've seen since I began tracking these numbers. The median sold price for Reno and Sparks homes has now fallen below $220,000. However, the really s...

Guy Johnson

MBA, CRS, Blogger
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I regularly contribute to the Reno Realty Blog. This popular blog describes itself as "Musings on the Reno Sparks real estate market". Find it here: Reno Realty Blog

Guy Johnson, Real Estate Professional in Reno

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