Today's GuamHome June 2019 by Todays Realty

ISSUE 6 | JUNE 2019

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

CONTENTS 02 03 05 07

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

MEET OUR AGENTS

SOLD BY TODAY’S REALTY

A collection of recent homes sold by Today’s Realty

It is our honor to present this collection of beautiful homes for your review. Our team of over 20 agents and associatebrokers are all members of the Guam Association of REALTORS®, the National Association of REALTORS® and the Guam Multiple Listing Service (Guam MLS). 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! We are never too busy for your referrals!

ON THE COVER

142F Cruz Heights, Ipan-Talofofo Faulty Foreclosure?

elcome to the June 2019 issue of Today’s Guamhome newsletter.

Anthony Godwin Principal Broker / REALTOR®

Jun “John” Lin Vice President / REALTOR®

JUST LISTED

Recently listed properties in the market.

FOR THOUSANDS OF LISTINGS VISIT

WWW.GUAMHOME.COM

RESIDENTIAL MARKET SNAPSHOT JANUARY 1, 2019 - JUNE 1, 2019

HOMES SOLD

154 Single family homes sold from January 1, 2019 thru June 1, 2019 vs. the 169 homes sold in 2018.

HOMES RENTED

Year to date saw a decrease in the number of single family homes rented at 327 in 2019 and 337 in 2018.

UNITS SOLD

95 Condominium units have been sold from January 1, 2019 thru June 1, 2019 vs. the 101 units sold in 2018.

UNITS RENTED

Year to date saw a decrease in the number of condominiums, townhomes, apartments rented from 479 in 2018 to current year at 441.

The strength of the Guam real estate market continues to be residential rentals

AVERAGE SALE & RENTAL PRICE HOME SALES

The average year-to-date home price of $340,531 was significantly higher than the $326,877 reported during the same period in 2018.

HOME RENTALS

Average single family monthly rentals so far this year decreased from $2,317 last year to current year at $2,310.

UNIT SALES

The average condominium sale price of $256,790 in 2019 was higher than the $246,384 reported during the same period in 2018.

UNIT RENTALS

The monthly rental rate for condominiums, townhomes, apartments increased from $1,731 in 2018 to $1,643 for the same period in 2019.

AVERAGE DAYS IN THE MARKET HOME SALES

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.

HOME RENTALS

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.

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

UNIT SALES

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.

UNIT RENTALS

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.

*Statistics from Guam Multiple Listing Service from January 1, 2019 through June 1, 2019. **Statistics from Guam Multiple Listing (MLS) from January 1, 2018 through June 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 ©2019 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

Yigo Home | $2,200/mo Days on market: 164 | MLS ID: 18-4914

Yona Home | $327,000 Days on market: 146 | MLS ID: 18-4941

Ordot-Chalan Pago Home | $3,500/mo Days on market: 91 | MLS ID: 19-839

Yona Home | $2,205/mo Days on market: 80 | MLS ID: 19-908

LeoPalace Condo | $1,900/mo Days on market: 27 | MLS ID: 19-1570

Tumon Commercial Space | $1,750/mo Days on market: 28 | MLS ID: 19-1655

A collection of recent properties closed by our REALTORS®

Yigo Home | $235,000 Days on market: 145 | MLS ID: 18-4943

Yona Home | $268,000 Days on market: 77 | MLS ID: 19-680

LeoPalace Golf Villa | $2,600/mo Days on market: 55 | MLS ID: 19-1162

Tamuning Home | $2,500/mo Days on market: 48 | MLS ID: 19-1247

Dededo Home | $2,205/mo Days on market: 28 | MLS ID: 19-1775

Barrigada Home | $2,000/mo Days on market: 24 | MLS ID: 19-1838

ON THE COVER 142F CRUZ HEIGHTS, IPAN-TALOFOFO For Sale $475,000 This executive home with beautiful sunrises can be yours every morning! Enjoy the breathe taking ocean view from a tri-level home in Ipan Taloâ&#x20AC;&#x2122;fofo hillside; stargazers will enjoy the night sky. This 3 bedroom, 3 bath home features a unique design, 2,878+/-sf of interior space, large balcony, and has 50 solar panel for renewable green power production. Situated on a 1,489+/- square meter lot. Located near Ipan Beach and Talofofo Bay. MLS ID# 19-1821

FAULTY FORECLOSURE? One thing I love about the real estate business is that I continue to learn something new every day. A while ago a Realtor and her client came to see me about a woman who claimed she owned the house the Realtor had listed. She insisted that the Realtor remove her sign from the property and that the people living in the house vacate it immediately. The Realtor was in a pickle. She had just received a very nice offer on the property and the seller was looking forward to accepting the offer. Security Title had closed the sale of the property to the current owner and he had purchased an owners title insurance policy guaranteeing his ownership of the property. Here is a little background: • 1978 Deed to Mr. & Mrs. Smith • 1984 unrecorded divorce proceedings in which Mrs. Smith becomes Ms. Jones • 1986 Recorded Quitclaim Deed from Mr. Smith to Mrs. Smith • 1987 Mortgage signed by Mrs. Smith favor of Bank • 1998-1999 Bank forecloses for failure to pay mortgage and sells the house to Mr. & Mrs. Doe. • 2006 Mr. & Mrs. Doe sell the property to Mr. Current Owner • 2014 Ms. Jones sues Bank to set aside the foreclosure based on the fact that they sued her under the name Ms. Smith and her name is Ms. Jones. She asked the bank to return the property to her and asked for damages suffered while she did not have access to her house for over 15 years. While it is a truly unique situation, this is exactly the reason a purchaser should always buy title insurance when they acquire a property. The information was forwarded to Stewart Title Guaranty Company and they immediately opened a file to address the current owners threatened title to the property. A lawsuit was filed and the court quickly returned a judgment in favor of the bank, determining that while Ms. Smith had used an alias to mortgage the property, it was not sufficient grounds to invalidate the mortgage when she had clearly defaulted. Meanwhile, the current owner was able to move forward with his plans to sell the property and very soon will be moving on to his next opportunity.

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

221 TUN JOSEN E. CAMACHO, TAMUNING

117 GUJUMAN, BARRIGADA

Lovely executive house in an exclusive neighborhood, centrally located. House is tastefully completed with an open kitchen -living room floor plan; one room downstairs; two room upstairs plus the master bedroom with its own private balcony. House is a must see.

Make this house your home. Corner lot house, three bedroom, 2 bath, with extended porch, 929 square meter lot right on Leyang road in the desirable village of Barrigada.

TAMUNING WAREHOUSE

221 CHALAN TUMATES, DEDEDO

Great location in the heart of Tamuning. This warehouse has 1,600+/-sf of space. It is great for wholesalers, distributors or for that entrepreneur who’s ready to take on a new adventure.

Beautifully constructed, complete with perimeter FENCE AND GATE. Large kitchen and living area and spacious bedrooms. Outdoor bathroom accommodates guests for your outdoor fiestas and BBQs! Minutes from Micronesia Mall, military bases & more.

For Sale $575,000 | MLS ID: 19-767

For Rent $1,280/mo | MLS ID: 19-2269

For Sale $250,000 | MLS ID: 19-1902

For Rent $2,200/mo | MLS ID: 19-2286

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

33 EAST ANACO LANE, PITI

ORDOT-CHALAN PAGO LAND

For Rent $2,450/mo | MLS ID: 19-2252

For Sale $55,000 | MLS ID: 19-2266

Large and rare two-story rental in Nimitz Estates. Large kitchen, 4 bedrooms, 3 bathrooms, and a beautiful fenced yard that is neighbored by mother nature! Ceramic tiled floors, wonderful light, stacked washer and dryer, and plenty of indoor and outdoor storage!

Only one lot of four lots that are listed will sell for this price, and then the others go up! The administrator is selling below market to pay for fees due! Take your pick of one of these four large lots in Chalan Pago! Paved road and utilities very nearby.

168 PAPAYA LANE, BARRIGADA

105 ESTELLA LANE, YIGO

Beautiful home centrally located with spacious floor plan. Covered carport and outdoor rooftop deck looking out to the ocean. Home has nice open floor plan and good sized rooms. Split Air conditioning and ceiling fans throughout with all appliances included.

Approx. 2 miles from AAFB main gate, this charming, comfortable renovated fully fenced home just became available. Practice your golf game @ the nearby Starts golf course rr check out one of Guam’s premier beaches within a 20-30 drive.

For Rent $2,450/mo | MLS ID: 19-2293

For Rent $2,450/mo | MLS ID: 19-2214