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.
