Today's GuamHome January 2020 by Todays Realty

TODAY'S GUAMHOME JANUARY 2020

WHAT'S INSIDE Market Report | Meet Our Agents | Closed by Todayâ&#x20AC;&#x2122;s Realty On the Cover | Just Listed | What Value Does a Title Insurance Company Provide?

CONTENTS Welcome to the January 2020 issue of Today’s Guamhome newsletter.

MARKET REPORT Residential Market Snapshot from January 1, 2019 to December 1, 2019

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

SOLD BY TODAY’S REALTY

We are never too busy for your referrals!

ON THE COVER

Anthony Godwin Principal Broker / REALTOR®

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!

A collection of recent homes sold by Today’s Realty

Jun “John” Lin Vice President / REALTOR®

131 Manha Lane, Mangilao

What Value Does a Title Insurance Company Provide?

JUST LISTED

Recently listed properties in the market.

GUAMHOME.COM

Residential Market Snapshot January 1, 2019 to December 1, 2019

Average Sold & Rented HOMES SOLD

CONDOS SOLD

HOMES RENTED

CONDOS RENTED

362 Single family homes sold from January 1, 2019 thru December 1, 2019 vs. the 357 homes sold in 2018.

Year to date saw a decrease in the number of single family homes rented at 761 in 2019 and 750 in 2018.

212 Condominium units have been sold from January 1, 2019 thru December 1, 2019 vs. the 202 units sold in 2018.

Year to date saw a decrease in the number of condominiums, townhomes, apartments rented from 1,124 in 2018 to current year at 1,095.

Average Sale & Rental Prices HOME SALES

CONDO SALES

HOME RENTALS

CONDO RENTALS

The average year-to-date home price of $369,108 was significantly higher than the $338,647 reported during the same period in 2018.

Average single family monthly rentals so far this year decreased from $2,384 last year to current year at $2,353.

The strength of the Guam real es market cont tate in to be reside ues ntial rentals

The average condominium sale price of $252,595 in 2019 was higher than the $243,756 reported during the same period in 2018.

The monthly rental rate for condominiums, townhomes, apartments increased from $1,716 in 2018 to $1,731 for the same period in 2019.

Average Days in the Market HOME SALES

CONDO SALES

HOME RENTALS

CONDO RENTALS

On average, single family home sales in Guam take about 5 months to sell from date listed to date closed vs. the closings for the same period in 2018 at 4 months.

In 2019, home rentals took about 8 weeks from date listed to date closed vs. the closings for the same period in 2018 at 9 weeks.

Unit sales in Guam took about 3 months to complete transactions in 2019. Compare this to the closings for the same period in 2018 at about 3 months.

In 2019, unit rentals took about 8 weeks from date listed to date closed. Compare this to the 8 weeks for closings during the same period in 2018.

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, itʼs a great time to buy. - Anthony Godwin, Principal Broker *Statistics from Guam Multiple Listing Service from January 1, 2019 through December 1, 2019. **Statistics from Guam Multiple Listing (MLS) from January 1, 2018 through December 1, 2018. 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 ©2020 by LG&G Corporation. All rights reserved.

MEET OUR AGENTS

Angie Camacho

671.687.0483 angie@guamhome.com

Beverly Brady 671.688.8550 beverly@guamhome.com

Carmen Mesa 671.777.6372 carmen@guamhome.com

Chad Knapp 671.777.6520 chad@guamhome.com

Fiona Hocking 671.988.9982 fiona@guamhome.com

Fumiyuki Takahara 671.488.5502 fred@guamhome.com

Hui Gallagher 671.689.4881 hui@guamhome.com

Jackie Calvo 671.687.5050 jackie@guamhome.com

Michael Kumar 671.988.6900 michael@guamhome.com

Ray Rupley 671.685.5070 ray@guamhome.com

Sandy Yow 671.687.6006 sandy@guamhome.com

Sharmila Sahni 671.483.7125 sharmilasahni@yahoo.com

Anthony Godwin 671.688.8198 anthony@guamhome.com Principal Broker | REALTOR®

John Lin 671.688.8518 john@guamhome.com Vice President | REALTOR®

Work with the Proven Market Leader

Christine Campos 671.682.2412 christine@guamhome.com

Clariza Samaniego 671.747.7440 clariza@guamhome.com

Dennis Couzijn 671.727.3815 dennis@guamhome.com

Duane Pahl 671.689.7777 duane@guamhome.com

Janet Calvo 671.687.1841 janet@guamhome.com

Jason Young 671.685.2059 jason@guamhome.com

Julie Paxton 671.687.6900 realestate@guam.net

Kimberly Ada 671.489.5232 kima@guamhome.com

Shawntel Techaira 671.483.7368 shawntel@guamhome.com

Suzanne Naputi 671.482.6426 suzanne@guamhome.com

Vicki Anderson Estes 671.687.3558 vicki@guamhome.com

Yumiko Blaisus 671.688.7791 yumiko@guamhome.com

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

CLOSED BY TODAY’S REALTY

Barrigada Home | $2,450/mo Days on market: 432 | MLS ID: 19-2860

Blue Lagoon Condo | $4,100/mo Days on market: 92 | MLS ID: 19-754

Tamuning Home | $2,205/mo Days on market: 106 | MLS ID: 19-3632

Ypao Gardens Condo | $2,200/mo Days on market: 66 | MLS ID: 19-4544

Nimitz Estates Home | $2,600/mo Days on market: 13 | MLS ID: 19-4544

Dai-Ichi Condo | $990/mo Days on market: 29 | MLS ID: 19-4612

A collection of recent properties closed by our REALTORS®

Agana Beach Condo | $4,410/mo Days on market: 28 | MLS ID: 19-1659

Barrigada Home | $205,000 Days on market: 164 | MLS ID: 19-2860

Barrigada Home | $2,500/mo Days on market: 46 | MLS ID: 19-4340

Ypao Gardens Condo | $2,200/mo Days on market: 52 | MLS ID: 19-4441

Tamuning Home | $1,800/mo Days on market: 25 | MLS ID: 19-4631

Eldorado East Condo | $1,250/mo Days on market: 19 | MLS ID: 19-4704

ON THE COVER 131 MANHA LANE, MANGILAO For Sale $525,000 Newly built, custom-designed, 2,387+/- sq foot, 4 bedroom/3 bath home. Great room features a magnificent tray ceiling with captivating lighting. Gourmet kitchen includes a generous complement of cabinetry, granite countertops, and adjacent dining. Master bedroom includes custom tray ceilings, walk-in wardrobe, double vanity bath with relaxing soaking tub and shower. Junior suite includes en-suite bath and wardrobe. Cool porcelain tile flooring throughout. Two car garage. 5 split air conditioners and window shutters are included. The 1,247+/- sq meter lot is fenced and includes a remote-controlled entry gate. Convenient to bases. Near University/GCC, restaurants, markets, schools, health clinics, banks and more. Seller is offering a $5,000 credit for the buyer's closing costs.

MLS ID# 20-96

What Value Does a Title Insurance Company Provide? Unless you are involved in a real estate transaction, you may not have experience working with a title insurance company. Please let me break down our value into five easy steps: 1. Purify land title systems. Title examiners find gaps, errors and omissions in the recorded public records. Once identified, we work with owners to correct the situation. One simple but common example; a previous owner’s mortgage may not have been released when it was paid off. Our escrow officers will contact the previous lender and request a release, which we record and clear the public record. 2. Establish the status of the title. Our title searchers create a “chain of title” by searching land management records for any document that involving the subject property. This will surely contain deeds and mortgages; many also contain leases, easements and judgments by the court. This chain is a chronological list of how the property came to be owned by the current owner and what other interests such as leases or mortgages may currently affect the property. 3. Accounting for the Real Estate Transaction. As an independent third party to a real estate transaction, we follow the contract between the buyer and seller, as well as instructions from the lender to ensure the money is distributed as intended by the parties. We ensure that lenders, surveyors, appraisers, Realtors and other contributors to the transaction are fully paid. We search real property tax records and if necessary, pay any outstanding taxes so that the buyer acquires the property without any surprise expenses popping up later. 4. Handle Transaction Management. Escrow officers daily track down payoffs and releases. They juggle collection of executed deeds, mortgages, affidavits and settlement statements. An escrow officer is also tasked with collecting and clearing funds from sources such as the buyer, the lender and when applicable, 1031 tax deferred exchange facilitators. They work closely with the Realtors and lenders to deal with issues that inevitably arise and work to ensure the transaction closes in a timely manner. 5. We insure what we do. Then we back up our work with a title insurance policy that guarantees your ownership of the property! Rest assured that your favorite REALTOR regularly works with title and escrow companies to ensure a professional closing. Make that escrow company SECURITY TITLE and treat yourself to customer service that will surpass your expectations!

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

222 CHALAN TUN LUIS DUENAS, YIGO

CHALAN OBISPO OLANO, AGAT

For Rent $2,450/mo | MLS ID: 19-5001

For Sale $249,500 | MLS ID: 19-5008

Quaint 4 bedroom, 2 full bath rental house with 1,600+/-sf of living space, fully fenced and gated very close to Andersen Air Force front gate.

Partial Rt. 12/Chalan Obispo Olano road frontage with abandoned concrete single family residence. Zoning has been confirmed to be R-1, R-2 & C & each zone location to be determined by licensed/ registered surveyor.

VILLA DE COCO CONDO, TUMON

239 CHALAN KARETA STREET, DEDEDO

A very quiet,peaceful, secured and well maintained building in the heart of Tumon. Walking distance to the beaches, restaurants, shopping and hotels. Fully furnished although furniture can be optional.

Great Location on nice quiet street close to the golf course and AAFB. Features car garage, upgraded kitchen, ceramic tile flooring, vaulted ceilings and a large fenced with back yard for your children or pets. Well- maintained house and it's ready to move in.

For Rent $2,200/mo | MLS ID: 19-5048

For Rent $2,200/mo | MLS ID: 19-5083

A collection of properties featured for Rent or Sale by our REALTORS®

1G AGANA OCEANVIEW CONDO, MTM

OFF ROUTE 17, SANTA RITA

For Rent $1,700/mo | MLS ID: 19-5027

For Sale $169,000 | MLS ID: 19-5026

Look at this kitchen! This First Floor, and corner unit at Agana Ocean View offers a super spacious 3 bedroom/2 bath unit with high ceilings, storage, and lots of natural light. Includes 2 parking spots. So close to Naval Hospital, Hagatna and Tamuning.

A half acre +\- with incredible views of Guam's rugged southern mountains, valleys, and Fena Lake. A spectacular spot for your future home. Surrounding lots are also large, so neighboring houses are at a distance. This side of the island is known for year-round breezes.

228-1 MANIBUSAN STREET, MTM

136 ATANACIO STREET, MANGILAO

Bring your military tenants to see this very spacious 5 bedroom, 4 bath house in the village of MTM. Master bedroom and Jr. en-suite as well. Fully fenced and gated property , on a flag lot, with 2 car garage.

Check out this three story, five bedroom, 4 bathroom house on a fenced and gated property in an established neighborhood. Second floor has 4 bedrooms and third floor has the 5th bedroom. Plus roof access.

For Rent $3,200/mo | MLS ID: 19-5093

For Rent $2,500/mo | MLS ID: 19-5094