TODAY'S GUAMHOME MARCH 2020
WHAT'S INSIDE Market Report | Meet Our Agents | Closed by Today’s Realty On the Cover | Just Listed | What Happens in Escrow?
CONTENTS Welcome to the March 2020 issue of Today’s Guamhome newsletter.
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MARKET REPORT Residential Market Snapshot from January 1, 2020 to March 1, 2020
MEET OUR AGENTS
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 associate-brokers 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!
A collection of recent homes sold by Today’s Realty
ON THE COVER
Anthony Godwin Principal Broker / REALTOR®
Jun “John” Lin Vice President / REALTOR®
187 Tun Pedro Ada, Tamuning What Happens in Escrow?
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JUST LISTED
Recently listed properties in the market.
GUAMHOME.COM
Residential Market Snapshot January 1, 2020 to March 1, 2020
Average Sold & Rented HOMES SOLD
CONDOS SOLD
HOMES RENTED
CONDOS RENTED
56 Single family homes sold from January 1, 2020 thru March 1, 2020 vs. the 59 homes sold in 2019.
Year to date saw a decrease in the number of single family homes rented at 134 in 2020 and 129 in 2019.
32 Condominium units have been sold from January 1, 2020 thru March 1, 2020 vs. the 34 units sold in 2019.
Year to date saw an increase in the number of condominiums, townhomes, apartments rented from 188 in 2019 to current year at 202.
Average Sale & Rental Prices HOME SALES
CONDO SALES
HOME RENTALS
CONDO RENTALS
The average year-to-date home price of $383,638 was significantly higher than the $369,820 reported during the same period in 2019.
Average single family monthly rentals so far this year decreased from $2,348 last year to current year at $2,310.
The strength of the Guam real es market cont tate in to be reside ues ntial rentals
The average condominium sale price of $222,641 in 2020 was higher than the $221,382 reported during the same period in 2019.
The monthly rental rate for condominiums, townhomes, apartments decreased from $1,826 in 2019 to $1,751 for the same period in 2020 .
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 2019 at 6 months.
In 2020, home rentals took about 10 weeks from date listed to date closed vs. the closings for the same period in 2019 at 8 weeks.
Unit sales in Guam took about 3 months to complete transactions in 2020. Compare this to the closings for the same period in 2019 at about 3 months.
In 2020, 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 2019.
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, 2020 through March 1, 2020. **Statistics from Guam Multiple Listing (MLS) from January 1, 2019 through March 1, 2019. 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
Christine Campos 671.682.2412 christine@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
Janet Calvo 671.687.1841 janet@guamhome.com
Jason Young 671.685.2059 jason@guamhome.com
Shawntel Techaira 671.483.7368 shawntel@guamhome.com
Sharmila Sahni 671.483.7125 sharmilasahni@yahoo.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
Anthony Godwin 671.688.8198 anthony@guamhome.com Principal Broker | REALTORÂŽ
John Lin 671.688.8518 john@guamhome.com Vice President | REALTORÂŽ
Work with the Proven Market Leader
Clariza Samaniego 671.747.7440 clariza@guamhome.com
Clayton Smith 671.482.6602 clayton@guamhome.com
Dennis Couzijn 671.727.3815 dennis@guamhome.com
Duane Pahl 671.689.7777 duane@guamhome.com
Fiona Hocking 671.988.9982 fiona@guamhome.com
Julie Paxton 671.687.6900 realestate@guam.net
Kimberly Ada 671.489.5232 kima@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
Thinking about a career in real estate? We can help!
Contact us at 671-649-4361 or broker@guamhome.com 4
CLOSED BY TODAY’S REALTY
Talofofo Home | $2,205/mo Days on market: 234 | MLS ID: 19-2759
Talo Verde Townhome | $3,500/mo Days on market: 137 | MLS ID: 19-4168
Villa Carmen Home | $3,200/mo Days on market: 22 | MLS ID: 20-615
Holiday Tower Condo | $2,450/mo Days on market: 70 | MLS ID: 19-4779
Agana Oceanview Condo | $198,000 Days on market: 54 | MLS ID: 20-134
Piti Home | $2,205/mo Days on market: 33 | MLS ID: 20-138
Entire contents, including but not limited to content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker
A collection of recent properties closed by our REALTORS®
Mangilao Home | $1,500/mo Days on market: 122 | MLS ID: 19-4267
Santa Rita | $85,000 Days on market: 106 | MLS ID: 19-4339
Apusento Gardens Condo | $195,000 Days on market: 62 | MLS ID: 19-4891
Villa De Coco Condo | $3,000/mo Days on market: 51 | MLS ID: 19-5048
Perez Acres Townhome | $2,205/mo Days on market: 34 | MLS ID: 20-590
Apusento Gardens Condo | $2,205/mo Days on market: 72 | MLS ID: 19-4778
Entire contents, including but not limited to content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker
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ON THE COVER 187 TUN PEDRO ADA, TAMUNING For Sale $2,300,000 This elegant two-level magnificent villa located in the much desired Tun Pedro Ada area of Tamuning features a gracious interior that opens onto a veranda with immaculately maintained lush tropical landscaping and refreshing pool and spa beyond. Entertain informally in the spacious family room featuring an en-suite bar; on the veranda and pool deck area or take things up a notch in the formal dining salon. Luxury statements include custom Sokee cabinetry throughout the home, Italian marble flooring, a prized Murano chandelier at the atrium, and more! This statement-making, yet private, 4 bedroom, 3.5 bath home is convenient to beaches, shopping, entertainment and all that Tamuning offers.
MLS ID# 20-644
What Happens in Escrow? A real estate transaction is complex. A single transaction involves several different parties, many carefully executed documents, and a high volume of funds. The function of escrow is to manage all the intricacies of the transaction from the time an offer is accepted right through to the final closing.
EARN ABOUT ESCROW IN REAL ESTATE
An escrow company acts as an independent third party to the transaction, managing the transfer of funds and documents between the buyer, seller, real estate professionals, attorneys, mortgage lenders, and government agencies. When a buyer and seller agree on the terms of a sale and sign a purchase agreement, they “open escrow”, which means they assign the escrow company with the task of ensuring that title to the property is passed from the seller to the buyer free from encumbrances. Sometimes this is called transferring “marketable title”. The first step the escrow officer will take is to order a Preliminary Title Report (PTR). The PTR discloses the legal and financial status of the property along with any discoverable defects, such as unpaid property taxes, outstanding mortgages, leases, easements or overlaps that are disclosed by a current map of the property. With the overview provided by the PTR, the escrow officer collects payoff information for any items appearing on the PTR. Common payoffs are real property taxes, mortgage payoffs and homeowners association dues. The Escrow Officer also works with the mortgage lender, to fulfill requirements needed to process the mortgage. Then they create a settlement statement for the approval of the buyer, seller and lender. The settlement statement shows a complete overview of costs paid in connection with the sale. When the bank is ready to close the loan, the buyer signs the mortgage loan documents as well as the deed and required affidavits in front of a notary public. The seller usually signs the deed and required affidavits before or after the buyer and it is not uncommon for an off island seller to sign documents weeks before the closing, submitting them to escrow for use when the transaction is ready to close. Once all the instructions have been complied with, the Escrow Officer closes the transaction, which involves recording the deed and mortgage, paying off all items in connection with the sale and delivering the title insurance policies to the buyer and lender. The professionals at Security Title have the management of intricate real estate closings down to a science! Experience the difference! We look forward to working with you on your next deal.
BY KIM ANDERSON YOUNG PRESIDENT, SECURITY TITLE, INC.
KIM@SECURITYTITLE.NET | 671.647.8100 FINDING SIMPLE SOLUTIONS TO COMPLEX REAL ESTATE TRANSACTIONS.
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LISTED BY TODAY’S REALTY
116-A MAGSAYSAY STREET, DEDEDO
104 REDONDO DE FRANCISCO, TAMUNING
This charming pitched roof home nestled off of Route 3 just minutes to the Air Force base and Marine Corps Drive has an indoor laundry room, tankless water heater, front patio, extra storage shed with shelves, lots of yard space on a fully fenced lot that is pet friendly.
In the heart of Tamuning there is Carmen Villa, an exclusive gated neighborhood, and this is your chance to own an executive home there. Fully fenced, gated community. Enjoy this 3 bedroom, 2.5 bath, 2,300+\- square foot two storey house.
916 OKA TOWERS CONDO
132 SANTA LUCIA, SANTA RITA
This darling one bedroom unit says it ALL! Complete with ceramic tiled floors, an brand new, just installed kitchen, and a brief walk to the new common area GYM, Pool, playground, and tennis courts.
Welcome to Santa Rita, the gateway to some of the best beaches, hiking, and mountain ranges on Guam. This 4bd/2.5 bath, home has been kept in immaculate condition. Home is cooled by efficient split a/c units, and all rooms have ceiling fans.
For Rent $2,205/mo | MLS ID: 20-771
For Rent $2,205/mo | MLS ID: 20-903
For Sale $659,500 | MLS ID: 20-826
For Sale $381,000 | MLS ID: 20-952
Entire contents, including but not limited to content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker
A collection of properties featured for Rent or Sale by our REALTORS®
PICK-A-NAIL ROAD, TAMUNING LAND
306 TUMON VIEW CONDO PH. I
Hard to find M1 Vacant Land in Tumunig! This 9,000+\-sm land is a blank canvas ready for the right tenant to create a maser piece on. Owner is open to a long term lease. Call your favorite Realtor to schedule a showing.
See a transformation beautifully completed in this renovated Tumon View Phase I condo. Contemporary and artsy floors, & a back drop of an ocean blue wall to match the real view of Tumon Bay! This 2bd/1ba condo is also furnished.
ORDOT-CHALAN PAGO LAND
CENTRAL COMMERCIAL SPACE
For Rent $18,000/mo | MLS ID: 20-896
For Rent $2,205/mo | MLS ID: 20-897
For Sale $68,000 | MLS ID: 20-953
For Rent $15,300/mo | MLS ID: 20-879
Peace and serenity awaits at this centrally located half acre lot, aptly close to the capital of Hagatña. Nearby to neighbors, shopping and stores, yet tucked away and nestled amongst lush island landscapes. This is the perfect place for raising a new family.
The MSA Building is a true integrated facility. Full Concrete construction, Office, Warehouse and Laydown area for lease. Full Backup Generator, 3 Phase Power, Multiple Layers of Security, Parking, Sprinkler/Fire System, with a view of the Tumon Bay.
Entire contents, including but not limited to content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker
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