Today's GuamHome August 2018 by Todays Realty

ISSUE 8

WHAT’S INSIDE Market Report Meet Our Agents Closed by Today’s Realty Just Listed On the Cover

Renting on Island? Lincoln lost his home… TWICE!

AUGUST 2018

Contents W

elcome to the August 2018 issue of Today’s Guamhome newsletter.

It is our honor to present this collection of beautiful homes for your review.

02 03

Residential Market Snapshot from January 1, 2018 to August 1, 2018

Our team of over 20 agents and associate-brokers are all members of the Guam Association of REALTORS®, the National Association of REALTORS® and the Guam Multiple Listing Service (Guam MLS).

MEET OUR AGENTS

Our team at Today’s Realty has ranked #1 for many years running in top sales reported to the Guam MLS. Buyers, Sellers and Renters know when it’s time for real estate... It’s time for Today’s!

MARKET REPORT

We are never too busy for your referrals!

SOLD BY TODAY’S REALTY

ON THE COVER

A collection of recent homes sold by Today’s Realty

Anthony Godwin Principal Broker / REALTOR®

Jun “John” Lin Vice President / REALTOR®

Dream Beachfront Tamuning Property

RENTING ON ISLAND? LINCOLN LOST HIS HOME… TWICE!

JUST LISTED

Recently listed properties in the market.

Today’s Realty agents and staff during our 2017 Christmas Party

FOR THOUSANDS OF LISTINGS VISIT

www.guamhome.com

Residential Market Snapshot January 1, 2018 - August 1, 2018

Single Family Homes

Condos • Apts • Townhomes

Homes Sold & Rented

231 Single family homes sold from January 1, 2018 thru August 1, 2018 vs. the 204 homes sold in 2017. However, the strength of the Guam real estate market continues to be residential rentals. Year to date saw an increase in the number of single family homes rented at 483 in 2018 and 439 in 2017. In 2018

Units Sold & Rented

138 Condominium transactions have been completed from January 1, 2018 thru August 1, 2018. Compare this to the 122 closings for the same period last year. Year to date saw a increase in the number of condominiums, townhomes, apartments rented from 650 in 2017 to current year at 661.

In 2017

In 2018

SOLD

RENTED

RENTED 0

100

200

300

400

500

100

In 2017

200

300

400

500

600

700

800

Average Sale & Rental Price Single Family Homes

Sales

The average year-to-date home price of $335,231 was signiﬁcantly higher than the $286,204 reported during the same period in 2017.

Rentals

Average single family monthly rentals so far this year decreased from $2,415 last year to current year at $2,354.

Condos • Apts • Townhomes

Sales

The average condominium sale price of $237,858 in 2018 was higher than the $213,596 reported during the same period in 2017.

Rentals

The monthly rental rate for condominiums, townhomes, apartments increased from $1,635 in 2017 to $1,680 for the same period in 2018.

Average Days in the Market Single Family Homes

Condos • Apts • Townhomes

Sales

Rentals

On average, single family home sales in Guam take about 5 months to sell from date listed to date closed. Compare this to the closings for the same period in 2017 at 5 months.

In 2018, single family home rentals in Guam took about 8 weeks from date listed to date closed. Compare this to the closings for the same period in 2017 at 8 weeks. Interest rates are still very attractive with ﬁxed rates hovering above four percent (4%). The inventory of homes on the market provides buyers with a good selection of properties to choose from. Coupled with low interest rates, it’s a great time to buy. ~ Anthony Godwin, Principal Broker

It took about 3 months to complete transactions in 2018. Compare this to the closings for the same period in 2017 at about 4 months.

In 2018, condominium rentals in Guam took about 8 weeks from date listed to date closed. Compare this to the 8 weeks for closings during the same period in 2017. *Statistics from Guam Multiple Listing Service from January 1, 2018 through August 1, 2018. **Statistics from Guam Multiple Listing (MLS) from January 1, 2017 through August 1, 2017. Transactions not reported to the Guam Multiple Listing Service (MLS) are not included in this presentation. Information deemed reliable but not guaranteed. Entire contents, including but not limited to, content, design and concept Copyright ©2018 by LG&G Corporation. All rights reserved.

MEET OUR AGENTS

Angie Camacho 671.687.0483

Anthony Balajadia 671.686.7173

Beverly Brady 671.688.8550

Carmen Mesa 671.777.6372

angie@guamhome.com

anthonyb@guamhome.com

beverly@guamhome.com

carmen@guamhome.com

Fiona Hocking 671.988.9982

Francine Bamba 671.727.8008

Hui Gallagher 671.689.4881

Janet Calvo 671.687.1841

fiona@guamhome.com

sissy@guamhome.com

hui@guamhome.com

janet@guamhome.com

Ray Rupley 671.685.5070

Sandy Yow 671.687.6006

Sharmila Sahni 671.483.7125

Shawntel Techaira 671.483.7368

ray@guamhome.com

Anthony Godwin 671.688.8198

anthony@guamhome.com Principal Broker | REALTORÂŽ

sandy@guamhome.com

sharmilasahni@yahoo.com

shawntel@guamhome.com

John Lin 671.688.8518

john@guamhome.com Vice President | REALTORÂŽ

Work with the Proven Market Leader

Chad Knapp 671.777.6520

Christine San Nicolas 671.682.2412 christine@guamhome.com

dennis@guamhome.com

duane@guamhome.com

Jeremy Looby 671.689.6100

Julie Paxton 671.687.6900

Kimberly Ada 671.489.5232

Michael Kumar 671.988.6900

chad@guamhome.com

Dennis Couzijn 671.727.3815

jeremy@guamhome.com

realestate@guam.net

kima@guamhome.com

Suzanne Naputi 671.482.6426

Vicki Anderson Estes 671.687.3558

Yumiko Blaisus 671.688.7791

suzanne@guamhome.com

vicki@guamhome.com

Duane Pahl 671.689.7777

michael@guamhome.com

yumiko@guamhome.com

Thinking about a career in real estate? We can help!

CLOSED BY TODAY’S REALTY

Agat Duplex • $250,000

Royal Gardens Townhome • $415,000

Hibiscus Gardens • $180,000

Perezville Home • $4,410/mo

Days on market: 237 | MLS ID# 17-4187

Days on market: 105 | MLS ID# 18-1466

Days on market: 74 | MLS ID# 18-1968

Days on market: 95 | MLS ID# 18-1568

Talofofo Home • $2,450/mo

Asan Home • $2,205/mo

Days on market: 22 | MLS ID# 18-2795

Days on market:32 | MLS ID# 18-2662

A collection of recent properties closed by our REALTORS®

Mangilao Home • $500,000

Santa Rita Home • $323,500

Days on market: 222 | MLS ID# 17-4304

Days on market: 80 | MLS ID# 18-1910

Oceanview Tumon Condo • $2,205/mo

Inarajan Land • $209,200

Days on market: 77 | MLS ID# 18-1900

Days on market: 42 | MLS ID# 18-2454

Yigo Home • $2,205/mo

Paradise Estates Home • $2,450/mo

Days on market: 54 | MLS ID# 18-2647

Days on market: 25 | MLS ID# 18-2578

ON THE COVER

Dream Beachfront Tamuning Property

For Sale $6,500,000 | MLS ID# 18-2855 Your opportunity has come to own this beautiful 3 acre beachfront development land fronting Agana Bay and Camp Watkins Road. Your well-planned investment and development in this prime beachfront property is expected to result in a healthy and reliable return. A large beachfront land in a central location is very difficult to find in the current market. Please come and see. Youâ&#x20AC;&#x2122;ll love it!

Renting on Island? Customer: Hello Duane Pahl, my name is Sapphire, I am new to the island, and will be working in the entertainment industry. My question to you is, what are the expenses I will need to prepare for when renting a home on Guam?

connections (Power & Water) will also need to be signed up for prior to move in, and there are deposits required for most, and this can also be quite costly. Lastly, one great way to save a little money is to work with a Real Estate professional as their service to the person renting is Duane: Hello Sapphire, that is a great question. Before generally free since the owner of the property usually pays moving to Guam, one of the first things you should do is go the earned commission. online, and check out duanepahl.com. This will give you an idea of prices, and inventory in locations close to your job, Renting a place can be exciting, but, you need to be sure or that are important to you. Keep in mind transportation you are prepared financially. For any other questions about can be costly, so living close to your job may be beneficial. renting, Who YOU gonna call? Next, you will need to know how long you will need a place? Most landlords will require a 1 year lease. If you are only going to stay on Guam for a short period, you will want to inform your Real Estate professional of this so that they can research rentals that will allow short term rentals. Preparing your move in funds would generally consist of the following. Hotel fee, you may want to stay in a hotel or a friends house up to 2 weeks. Rental units move quickly as inventory is often low. Security Deposit- is usually equal to 1 months rent. 1st months rent, Pet Deposit fee. Utility

Lincoln lost his home… TWICE! I found an old brochure from First American Title Insurance Company and thought the story interesting enough that I would share it with you in its entirety: Abraham Lincoln was born in a meager, one-room cabin on the Big South Fork of Nolin’s Creek near Hodgenville, Kentucky. It had a dirt floor, one window, and a sticky-clay chimney. Lincoln’s father, Tom, had paid $200 for the cabin and 300 acres of unproductive land. It wasn’t much, but it was home and the young family’s only chance for a decent life. After four years of fighting mosquitoes, heat, and hardscrabble land, the Lincolns had to pack up and leave. There was a defect in the title. They didn’t have the right sort of papers and somebody else had  a better claim to the land. With three-year-old Abe in his mother’s arms, the family moved eight miles away to Knob Creek.

Who ya’ gonna call? Duane C. Pahl, R E A L T O R

671.689.7777 | duane@guamhome.com DuanePahl.com

In less than four years, Tom Lincoln had to go to court to prove his ownership rights to this second farm. Another claimant to the land sued him  as a “trespasser.” Tom Lincoln won the suit, but was haunted by the fear that he might someday lose another property. There was enough talk of land titles, landowners, landlords, land laws, land lawyers, and land sharks  to make him unsure of his title. After all, Daniel Boone, the  first pioneer of the Kentucky wilderness, had lost every inch of his once vast landholdings because he had “the wrong kind of papers.” Tom decided  to move his family to Indiana where there was rich, black land—government land with clear title and the right kind of papers. Thus, Abraham Lincoln lost a second home to title problems. It was the anxiety and outright losses of the Lincolns and other hardworking Americans that gave rise to today’s title insurance industry. The first land title insurance company was founded in Philadelphia in 1876 to protect buyers against the hidden hazards of real estate ownership; forgeries; faulty surveys; hidden liens; conveyances by a minor or mentally incompetent person; the false representation of married person as being single; and many other title defects. Even the most complete search of

records may not reveal them all. Today, title insurance is just as important as ever. The same potential flaws in title exist. A home is still the largest purchase most of us make in our lifetime. And, with escalating land values, the loss of property can still bring a family to ruin. Consequently, both buyer and seller should insist on the stability and reliability they receive from a First American Title Owner’s Policy. The unfortunate loss of the Lincoln family would have been covered by insurance had Tom Lincoln owned a title policy.

by Kim Anderson Young PRESIDENT, SECURITY TITLE, INC.

kim@securitytitle.net | 671.647.8100

Finding simple solutions to complex real estate transactions.

LISTED BY TODAY’S REALTY 107 Chalan Chihet, Yigo For Sale $265,000 | MLS ID# 18-1595 If you’re looking for a home at a good price, that is less than 10 years old and move in ready you will want to see this home. 3 bedrooms and 2.5 baths, indoor laundry room, covered carport, and large yard with over 1,988+/- square meters.

227 Gregorio S. Borja, Santa Rita For Rent $4,400/mo | MLS ID# 18-3073

Another Santa Rita beauty! This home has it all. Live in style and comfort. Just minutes from Big Navy. Enjoy the cool and efficient split AC units throughout the home, or open the windows and let that southern breeze come through.

Off Route 8, M-T-M Warehouse For Sale $1,200,000 | MLS ID# 18-3070

Great investment opportunity to acquire this 9,840+/- square foot commercial building sited on 1898.30+/-square meter split zoned property (C&R2) in Maite. Tons of additional features. Make an appointment to see it today! Entire contents, including but not limited to content, design and concept Copyright ©2018 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

A collection of properties featured for Rent or Sale by our REALTORS® Asentadu Villa Condo, Tamuning

405 Blue Pacific Lattice, Tumon

This bright and airy 3 bedroom 2 bath first floor unit is available and move in ready! Perfectly located in the popular Tamuning area - just minutes away from shopping, entertainment, grocery stores, restaurants, and so much more.

It’s been a long time since a one bedroom BPL unit has been available, but now you can purchase one with great upgrades, and a great view! Ceramic tiles floors, an upgraded bathroom, and a balcony from which to take in the Tumon views.

For Rent $2,205/mo | MLS ID# 18-3081

For Sale $280,000 | MLS ID# 18-2989

103 Second Street, Barrigada For Rent $2,205/mo | MLS ID# 18-2986

The location speaks for itself, and, you’ll love the wide open space, and the newness of everything! This two story unit has been overhauled from top to bottom. Deep grey floors and brand new appliances. Second floor ocean views, too.