Today's GuamHome September 2019 by Todays Realty

ISSUE 9 | SEPTEMBER 2019

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

CONTENTS 02 03 05 07

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

126 Anakko Lane, Dededo

HOME INSPECTIONS

elcome to the September 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 - SEPTEMBER 1, 2019

HOMES SOLD

251 Single family homes sold from January 1, 2019 thru September 1, 2019 vs. the 280 homes sold in 2018.

HOMES RENTED

Year to date saw a decrease in the number of single family homes rented at 556 in 2019 and 580 in 2018.

UNITS SOLD

151 Condominium units have been sold from January 1, 2019 thru September 1, 2019 vs. the 154 units sold in 2018.

UNITS RENTED

Year to date saw a decrease in the number of condominiums, townhomes, apartments rented from 807 in 2018 to current year at 783.

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 $355,620 was significantly higher than the $333,669 reported during the same period in 2018.

HOME RENTALS

Average single family monthly rentals so far this year decreased from $2,391 last year to current year at $2,334.

UNIT SALES

The average condominium sale price of $262,606 in 2019 was higher than the $245,805 reported during the same period in 2018.

UNIT RENTALS

The monthly rental rate for condominiums, townhomes, apartments increased from $1,692 in 2018 to $1,731 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 September 1, 2019. **Statistics from Guam Multiple Listing (MLS) from January 1, 2018 through September 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

M-T-M Land | $85,000 Days on market: 438 | MLS ID: 18-2257

Yigo Home | $190,000 Days on market: 173 | MLS ID: 19-771

Yigo Home | $2,205/mo Days on market: 98 | MLS ID: 19-1853

Tumon View Ph. I | $2,205/mo Days on market: 64 | MLS ID: 19-2344

Tumon View Condo Ph. I | $2,205/mo Days on market: 56 | MLS ID: 19-2482

Santa Rita Duplex | $240,000 Days on market: 48 | MLS ID: 19-2780

A collection of recent properties closed by our REALTORS®

Talofofo Home | $450,000 Days on market: 126 | MLS ID: 19-1474

Talofofo Home | $480,000 Days on market: 95 | MLS ID: 19-1807

Perez Acres Townhome | $252,000 Days on market: 56 | MLS ID: 19-2616

Woodland Townhome | $1,100/mo Days on market: 36 | MLS ID: 19-2769

Tumon Bay Residences | $2,205/mo Days on market: 25 | MLS ID: 19-2943

Ordot-Chalan Pago Home | $4,400/mo Days on market: 26 | MLS ID: 19-2984

ON THE COVER 126 ANAKKO LANE, DEDEDO (STARTS GOLF COURSE) For Sale $799,000 A spectacular home on the revered Starts Golf Course can be your awaited life changer. This spectacular home sits at one of the toughest par 3â&#x20AC;&#x2122;s, overlooking the serene greenery of one of Guamâ&#x20AC;&#x2122;s most sought after courses. This well-kept 4 bedroom, 3 bath, 2 story home is laden with high-end finishes in the floor work, counter-tops, bathroom detailing and design. Double height ceiling and artful windows speak to architecture. The gourmet kitchen is to die for! Enjoy cooking and entertaining? Welcome Home!! But, wait!! There is more!! We cant forget to mention-Full back up generator, cctv camera system, thermal window tinting and water softer/filter also come with this guamazing home!

MLS ID# 19-3514

HOME INSPECTIONS I recently caught up with Anthony Godwin, Principal Broker of Today’s Realty as he was on his way to a meeting with a home inspector. Our conversation turned quickly to the value and importance that a home inspection brings to the real estate transaction. Not too long ago, home inspections were rare for Guam real estate sales, giving a whole new meaning to “let the buyer beware”! A homeowner interested in selling their home can benefit from a home inspection prior to listing their home. The inspection will reveal items that should be resolved in order for the seller to get the highest price for their home. It will give the seller time to make needed repairs that will enhance the value of the home. Purchasers utilize the services of a qualified home inspector in order to determine if there are any items that will need repairing or replacing in the near future. A qualified home inspector will examine details such as structural components, plumbing, mechanical and electrical systems, safety hazards, air-conditioning systems, doors, windows, roofing, decks and patios, grading and drainage systems, even household appliances! So what happens if the home inspection reveals something that needs to be repaired? Let’s assume the air conditioners need about $4,000 worth of work in order to function properly. The solution can be different for each transaction, depending upon the parties, but here are a few options: 1. Seller handles the repair prior to closing. 2. Buyer agrees to accept the house “as-is” and will deal with the air conditioning system after closing (but they have full knowledge of the deficiency). 3. Buyer and seller may instruct escrow to hold funds to pay for the repairs once they have been completed. 4. Seller may give a credit to the buyers at closing and the buyer can resolve the issue as they see fit. Your REALTOR has all the information you need to both obtain a home inspection, and to negotiate past any hurdle the inspection may reveal. Buyer BE AWARE! Inspection Checklist:

✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅

Air Conditioning & Fans Mechanical Plumbing Electrical Structural Components Doors Windows Roofing Decks and Patios Appliances

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

564 NORTH DIONISIO DRIVE, UMATAC

156 DAMA DE NOCHE, MANGILAO

Great 4bd/2ba family home, with a lovely kitchen featuring tons of counter space & a built-in pantry. Extras include: Separate laundry room with stack washer/dryer, accordion typhoon shutters and just about all a home buyer could desire for their new home.

Finally! An affordable home located in a highly desirable subdivision. Schedule a time to view this spacious, 3 bedroom, 2 bath single family dwelling. Also enjoy the serene backyard with a lush tropical vegetation.

115 KAYEN EDWARDO CAMACHO, DEDEDO

288 MAGSAYSAY STREET, DEDEDO

Paradise Estates house, 4bd/3ba (master and Jr-en suite), with interior upgrades, granite counter top, 6 split AC units, 5 ceiling fans, water softener, under the sink water filters, & full generator backup with 20kva Koler. Typhoon shutters on all windows.

Upgraded turn-key 3bd/2ba home with luxurious master bath suite, remodeled kitchen with stainless appliances. You’ll love the large carport, storage space, typhoon shutters and large driveway. Yard is also fully fenced and gated.

For Sale $242,500 | MLS ID: 19-840

For Sale $460,000 | MLS ID: 19-3416

For Sale $285,000 | MLS ID: 19-2694

For Sale $370,000 | MLS ID: 19-3456

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

210 VILLAGOMEZ STREET, MANGILAO

145 CAMACHO STREET, BARRIGADA

Home has the most unique and beautiful design features. Very modern design, 4bd/3ba, has an open floor plan, awesome dream kitchen, large soaking tub, walk-in closets, granite counters throughout, large 2 car garage, fully fenced and gated.

Great location on nice quiet street close to the Naval hospital or Navy base. Spacious 3 bedroom and 3 bathroom a comfortable and roomy floor plan, shiny ceramic tiles and a good size of yard for your children and pet.

L14-2 CLIFF CONDO, AGANA HEIGHTS

LEGACY TOWER, LEOPALACE RESORT, YONA

For Sale $550,000 | MLS ID: 19-3358

For Rent $2,350/mo | MLS ID: 19-3408

For Rent $2,200/mo | MLS ID: 19-3462

For Rent $2,450/mo | MLS ID: 19-3470

This fully furnished condo boasts great city and ocean views. It is conveniently located just up the hill from the capital of Hagatna. A stones throw from restaurants and shopping! Call your favorite Realtor for a showing.

Welcome to LeoPalace Resort, your home away from home. This resort has everything you will need without having to leave the property, from restaurants, mini mart, boutique, pro shop, fitness center, bowling alley, golf course, swimming pools and more.