Today's GuamHome February 2018 by Todays Realty

ISSUE 2

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

Let’s Talk About Doors Who Owns Your House

FEBRUARY 2018

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

Contents

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

MARKET REPORT

My 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!

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

SOLD BY TODAY’S REALTY

ON THE COVER

A collection of recent homes sold by Today’s Realty

We are never too busy for your referrals! Anthony Godwin Principal Broker / REALTOR®

Custom Ocean View Gem

LET’S TALK ABOUT DOORS WHO OWNS YOUR HOUSE

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 - February 1, 2018

Single Family Homes

Condos • Apts • Townhomes

Homes Sold & Rented

Units Sold & Rented

28 Single family homes sold from January 1, 2018 thru February 1, 2018 vs. the 26 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 67 vs. 57 in 2017.

15 Condominium transactions have been completed from January 1, 2018 thru February 1, 2018. Compare this to the 13 closings for the same period last year. Year to date saw an increase in the number of condominiums, townhomes, apartments rented from 98 in 2017 to current year at 83.

In 2018

In 2017

In 2018

SOLD

RENTED

RENTED 0

In 2017

100

Average Sale & Rental Price Single Family Homes

Condos • Apts • Townhomes

Sales

The average year-to-date home price of $343,704 was significantly higher than the $275,910 reported during the same period in 2017.

The average condominium sale price of $245,473 in 2018 was higher than the $199,462 reported during the same period in 2017.

Rentals

Average single family monthly rentals so far this year decreased from $2,501 last year to current year at $2,347.

The monthly rental rate for condominiums, townhomes, apartments increased from $1,688 in 2017 to $1,802 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 67 days from date listed to date closed. Compare this to the closings for the same period in 2017 at 60 days. 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 88 days to complete transactions in 2018. Compare this to the closings for the same period in 2017 at 126 days.

In 2018, condominium rentals in Guam took 64 days from date listed to date closed. Compare this to the 63 days for closings during the same period in 2017. *Statistics from Guam Multiple Listing Service from January 1, 2018 through February 1, 2018. **Statistics from Guam Multiple Listing (MLS) from January 1, 2017 through February 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

Chandru Sadhwani 671.788.5044

angie@guamhome.com

anthonyb@guamhome.com

beverly@guamhome.com

carmen@guamhome.com

chandru@guamhome.com

Hui Gallagher 671.689.4881

Janet Calvo 671.687.1841

Jay Blakley 671.777.7683

Jeremy Looby 671.689.6100

Julie Paxton 671.687.6900

hui@guamhome.com

janet@guamhome.com

jay@guamhome.com

Shawntel Techaira 671.483.7368

shawntel@guamhome.com

Anthony Godwin 671.688.8198

anthony@guamhome.com Principal Broker | REALTORÂŽ

jeremy@guamhome.com

realestate@guam.net

Suzanne Naputi 671.482.6426

suzanne@guamhome.com

John Lin 671.688.8518

john@guamhome.com Vice President | REALTORÂŽ

Work with the Proven Market Leader

Christina Blakley 671.688.8899

Christine San Nicolas 671.682.2412 christine@guamhome.com

dennis@guamhome.com

duane@guamhome.com

fiona@guamhome.com

Kimberly Ada 671.489.5232

Michael Kumar 671.988.6900

Ray Rupley 671.685.5070

Sandy Yow 671.687.6006

Sharmila Sahni 671.483.7125

christina@guamhome.com

kima@guamhome.com

michael@guamhome.com

Dennis Couzijn 671.727.3815

ray@guamhome.com

Vicki Anderson Estes 671.687.3558 vicki@guamhome.com

Duane Pahl 671.689.7777

sandy@guamhome.com

Fiona Hocking 671.988.9982

sharmilasahni@yahoo.com

Yumiko Blaisus 671.688.7791

yumiko@guamhome.com

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

CLOSED BY TODAY’S REALTY

Tamuning Home • $1,400,000

Talofofo Land • $60,000

Days on market: 434 | MLS ID# 16-4054

Days on market: 199 | MLS ID# 17-2558

Villa Rosario Condo • $1,300/mo

Talofofo Home • $2,700/mo

Days on market: 121 | MLS ID# 17-3563

Days on market: 48 | MLS ID# 17-4409

Las Palmas Ph. I • $1,500/mo

Royal Gardens Townhome • $2,205/mo

Days on market: 13 | MLS ID# 18-441

Days on market: 13 | MLS ID# 18-368

A collection of recent properties closed by our REALTORS®

Yigo Land • $348,0000

Dededo Home • $220,000

Days on market: 174 | MLS ID# 17-2882

Days on market: 156 | MLS ID# 17-3165

Perezville Land • $250,000

Barrigada Home • $2,500/mo

Barrigada Home • $2,450/mo

Yona Home • $2,600/mo

Days on market: 40 | MLS ID# 17-4422

Days on market: 25 | MLS ID# 18-129

Days on market: 36 | MLS ID# 18-77

Days on market: 26 | MLS ID# 18-122

ON THE COVER

168 Chalan Ayuyu, Yona, Guam

For Sale $1,380,000 | MLS ID# 18-259 Custom home with glorious views of the east side of the island, ocean,coastline and beyond. Breathtaking sites from the home, but also from the tastefully walled-in, and manicured yard, and inviting swimming pool. This home was built by the seller, and has never before been for sale. Over-sized sliding glass doors can stay open to allow the outside, in. Tasteful architectural details. Each bedroom has its own bathroom, and the Master Bedroom has a sizable office attached. All upstairs bedrooms surround a lovely family room. Downstairs, the game-room overlooks the pool, and this large area can be another bedroom, or 2nd family room.

Let’s Talk About Doors During my travels to Bali this last Thanksgiving, my mother and I noticed how intricate the doors were to the temples and on some amazing houses. Some were as high as 15 feet tall, and some were hand carved, a true marvel to see. So this week, let’s talk about doors. Remember, first impressions are everything! Styles If you decide you want to replace your front door, then you need to decide whether you custom design your door or select one from a manufacturer, time, money and material are all aspects to consider in the buying process.

them protected and sealed.

rules and regulations, ask what styles and colors are allowed before you make any permanent changes.

FiberglassFiberglass doors are resistant to warping and bowing. If you live in a humid climate,then Be you and express yourself! fiberglass is an appropriate choice for your home. The fiberglass exterior sheathing is resistant to impact damage. Because it’s less prone to warping, this door is more maintenance free than many other door types.

AluminumWhat’s interesting about aluminum doors is that they’re almost exclusively manufactured and sold locally on a custom basis to fit whatever A very important decision in the process, is door opening you have. They dent easily, but choosing what your door is made of. It’s the won’t rust, and on Guam that’s good. These types material that most affects appearance, durability, of doors also have a very appealing look to them. security and price. Doors can be very pricey so set your budget before shopping. Colors Now onto the fun part, selecting a color for Natural woodyour new front door! The goal here is to make a This is one of the most common materials for statement (personalize) and send a welcoming exterior doors. Wood doors are visually appealing vibe. Don’t be afraid to go bold or colorful, and solid, but remember you’ll need to apply a especially if you have a neutral exterior. Even if fresh coat of paint or polyurethane every couple your neighborhood is conservative, your front of years, also, with Guam’s humidity, after time, door can be your self-expression piece. For those doors will get absorb moisture to be sure to keep of you that live in gated or communities with

Who Owns Your House

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

671.689.7777 | duane@guamhome.com DuanePahl.com

DOWNLOAD MY APP! Duane Pahl, REALTOR® Available in the App Store & Google Play

matter, the Babauta’s were unaware that their deed transferred to them only 3% of the property. Fortunately when Mr. & Mrs. Campos purchased the property in 1998, they insured their purchase with an owner’s title insurance policy.

When Fidelity National Title was presented with the faulty deed, they sprang Sounds like a trick question doesn’t it? I wish it were! into action to protect the insured Babauta family. They have contacted local Last week our senior examiner shared with me an interesting chain counsel to protect the rights of Mr. & Mrs. Campos. I am not sure how this of title to a house in Mangilao (true story but names are changed): situation will be resolved. It is possible that a simple quiet title action in the court will result in the judge reforming the faulty deed. It is also possible that • 1988 Deed from Mr. & Mrs. Aguon to ABC Corporation Fidelity National Title will write a check to the Campos family ensuring that • 1992 Deed from ABC Corporation to Mr. & Mrs. Babauta they do not lose the money that they invested in the house. What I do know • 1998 Deed from Mr. & Mrs. Babauta to Mr. & Mrs. Campos is that the Campos family has peace of mind that the money they invested in their Guam home is well protected by their smart decision to purchase an Fast forward to 2018… Twenty years later…. Mr. & Mrs. Campos have moved owners title insurance policy! off island and decide to sell their house. Their REALTOR found the perfect buyer and opened escrow with Security Title. Be Safe when dealing with real estate transactions. Always purchase an owners title insurance policy to protect from deficient deeds in the past! While searching the title to the property, our researcher discovered that the 1992 deed stated that ABC Corporation granted to Mr. & Mrs. Babauta “a three percent (3%) undivided interest” in the property. While it was most likely a typographical error on the deed, it doesn’t change the fact that ABC Corporation retained 97% ownership of the property! We checked with the registrar of corporations for the Government of Guam and discovered that ABC Corporation had folded in 1992, shortly after selling the property to the Babauta’s. It would have been impossible for Mr. & Mrs. Campos to know that the people that sold them the house only owned a 3% undivided interest in it. For that

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 110 Juan Belang Court, Dededo For Sale $315,000 | MLS ID# 18-557 Completely fenced home with a great yard for family fun! Bonus room in the carport for additional storage or your ‘’man cave’’. Home reflects the spaciousness you feel outside. Located in a great neighborhood and location!

168 Farenholt Avenue, Tamuning For Rent $6,500/mo | MLS ID# 18-599

Here is a beautiful place for your home AND growing business. Attractive upstairs 3bd/2ba plus a lovely balcony. Downstairs features include a kitchen, 2 bathrooms and 4 office spaces. More than 20 parking spaces included. Fully gated.

Woodland Townhome, Dededo For Rent $1,250/mo | MLS ID# 17-4405

This 2bd/1.5 ba Townhome will go very fast! Pool, mail delivery, gated and fully fenced, ample parking, security guard, pool, BBQ area, secured party space, well lit common areas, free common area water usage. 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® 25 Golio Court, Perez Acres, Yigo

152 Juan M. Cruz Ave, Santa Rita

Affordable Townhome, in the ever so popular Perez Acres! Located 10 minutes from Anderson Air Force base,this subdivision offers: mail delivery, one site management, BBQ pavilions, basketball court, playground, pools & security.

Sunset, ocean and mountain views from this spacious 4bd/4ba home newly built with open concept and large 2bd floor patio to enjoy with friends and family. 3 of the bedrooms with its own restroom for that private and fine comfort.

For Rent $1,700/mo | MLS ID# 18-609

For Rent $4,800/mo | MLS ID# 18-646

208 Jose Q. Pangelinan St., Yona For Rent $2,450/mo | MLS ID# 18-457

This 3 bedroom/3 bathroom was renovated in 2010 and boasts a fully fenced yard (great for children & pets), stainless steel appliances and split A/C units. Located in a quiet and quaint neighborhood with grocery stores and schools nearby.