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ISSUE 1 | JANUARY 2019

WHAT’S INSIDE Market Report | Meet Our Agents | Closed by Today’s Realty | On the Cover | Just Listed Flipping a Home? | Trusts and Title Insurance


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MARKET REPORT Residential Market Snapshot from January 1, 2018 to December 1, 2018

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

195 Mathew Court, Santa Rita FLIPPING A HOME? TRUSTS AND TITLE INSURANCE

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W

elcome to the January 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, 2018 - DECEMBER 31, 2018

HOMES SOLD

379 Single family homes sold from January 1, 2018 thru December 31, 2018 vs. the 365 homes sold in 2017.

HOMES RENTED

Year to date saw an increase in the number of single family homes rented at 790 in 2018 and 746 in 2017.

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UNITS SOLD

212 Condominium units have been sold from January 1, 2018 thru December 31, 2018 vs. the 201 units sold in 2017.

UNITS RENTED

Year to date saw a increase in the number of condominiums, townhomes, apartments rented from 1,109 in 2017 to current year at 1,198.

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 $338,058 was significantly higher than the $301,561 reported during the same period in 2017.

HOME RENTALS

Average single family monthly rentals so far this year decreased from $2,395 last year to current year at $2,363.

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UNIT SALES

The average condominium sale price of $257,471 in 2018 was higher than the $230,058 reported during the same period in 2017.

UNIT RENTALS

The monthly rental rate for condominiums, townhomes, apartments increased from $1,643 in 2017 to $1,712 for the same period in 2018.

AVERAGE DAYS IN THE MARKET HOME SALES

On average, single family home sales in Guam take about 4 months to sell from date listed to date closed vs. the closings for the same period in 2017 at 5 months.

HOME RENTALS

In 2018, home rentals took about 8 weeks from date listed to date closed vs. the closings for the same period in 2017 at 8 weeks.

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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 2018. Compare this to the closings for the same period in 2017 at about 4 months.

UNIT RENTALS

In 2018, 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 2017.

*Statistics from Guam Multiple Listing Service from January 1, 2018 through December 1, 2018. **Statistics from Guam Multiple Listing (MLS) from January 1, 2017 through December 1, 2017. 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 ©2018 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

Francine Bamba 671.727.8008 sissy@guamhome.com

Hui Gallagher 671.689.4881 hui@guamhome.com

Janet Calvo 671.687.1841 janet@guamhome.com

Jason Young 671.685.2059 jason@guamhome.com

Sandy Yow 671.687.6006 sandy@guamhome.com

Sharmila Sahni 671.483.7125 sharmilasahni@yahoo.com

Shawntel Techaira 671.483.7368 shawntel@guamhome.com

Suzanne Naputi 671.482.6426 suzanne@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

Christine Campos 671.682.2412 christine@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

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!

Contact us at 671-649-4361 or broker@guamhome.com 4


CLOSED BY TODAY’S REALTY

Talofofo Home | $2,200/mo Days on market: 150 | MLS ID: 18-2876

Asentadu Villa | $1,300/mo Days on market: 151 | MLS ID: 18-3081

Talofofo Home | $467,100 Days on market: 151 | MLS ID: 18-2867

Tamuning Condo | $1,250/mo Days on market: 97 | MLS ID: 18-3534

Asan Home | $2,800/mo Days on market: 56 | MLS ID: 18-4203

Dededo Land | $130,000 Days on market: 52 | MLS ID: 18-4285

Entire contents, including but not limited to content, design and concept Copyright ©2019 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker


A collection of recent properties closed by our REALTORS®

Mangilao Home | $260,000 Days on market: 137 | MLS ID: 18-3240

Tamuning Commercial Space | $800/mo Days on market: 127 | MLS ID: 18-3358

Barrigada Commercial Space | $800/mo Days on market: 96 | MLS ID: 18-3747

Pacific Villa Condo | $1,000/mo Days on market: 48 | MLS ID: 18-4115a

Barrigada Home | $251,800 Days on market: 35 | MLS ID: 18-4421

Pago Bay Unit | $2,200/mo Days on market: 14 | MLS ID: 18-4845

Entire contents, including but not limited to content, design and concept Copyright ©2019 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

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ON THE COVER 195 MATHEW COURT, SANTA RITA For Rent $4,400/mo Be the first to live in this newly built executive home located in Buena Vista Subdivision just off Cross Island Road in Santa Rita! This house is definitely a must see with its high ceilings, fully ceramic tiled floors, custom cabinets, stainless steel appliances, spacious bedrooms, bathrooms and panoramic mountain views. Come and see it now before its gone. MLS ID# 18-4795


FLIPPING A HOME? I am always asked if I “flip” houses on Guam. I do own properties, and I do rent them out to build my “long term” wealth. But, I actually have not personally “flipped” a home. I have however helped many of my buyers “flip” properties, and like anything, it’s a gamble. Taking a tongan tongan, and turning it into a plumeria is not easy, but, with the following tips, you may have a better sense of buying a fixer upper! Thinking of Buying a Fixer-Upper? How to Do It Right With proper due diligence and the right real estate pro, buying a fixer-upper can be a satisfying and lucrative experience. Buying a bad one, though, can lead to disaster. Here are some tips: Location: A bad house in a desirable neighborhood is almost guaranteed to pay big dividends

TRUSTS AND TITLE INSURANCE

for the savvy buyer. Here’s where a good real estate pro – as a specialist in local neighborhoods – can be worth his or her weight in gold.

beautiful swan.

Potential Problems: An investment in a good home inspector can save you thousands of dollars in the long run. You can try requesting a home Mass Appeal: You’ll want to look for a home that appeals inspection and a roof certification as part of the deal. Ask your real estate pro about any to the largest number of buyers. That means three or more bedrooms and more nearby flood zones or future plans on home or possible commercial development, than one bathroom. reports of contamination and other conditions that could affect resale value. Sensible Layout: Look past the current floor plan and figure You may even want a structural engineer to examine the property as a condition of out how the home will work. Today’s sale. buyers look for openness and rooms that flow seamlessly. Bang for Buck: Avoid costly makeovers like shoring up sagging foundations. Instead, think cosmetic fixes. New paint, new bathroom fixtures, and even a new roof and energysaving windows are relatively inexpensive and can turn your ugly duckling into a community property), transferring title to your trust is an easy step involving just a simple quitclaim deed or deed of gift. Your trust attorney and accountant will walk you through this step, providing the necessary documentation.

Who ya’ gonna call? BY DUANE C. PAHL, R E A LT O R ® 671.689.7777 | DUANE@GUAMHOME.COM DUANEPAHL.COM

avoid probate, they can be used to care for the health, education and welfare of minor children, or incapacitated family members when you are no longer there to care for them.

Remember, though, a trust is not a stagnant entity….the care and feeding of it is your So you have finally taken the big step and formed To ensure that your title insurance remains in full responsibility! It needs to be continuously a trust in order to avoid your heirs having to updated and properly managed to ensure it is the force and effect, Security Title can assist in the probate your estate and pay excess inheritance process. We will take care of recording the deeds tool it is designed to be. taxes when you move on to greener pastures! and will provide an inexpensive endorsement to Good for you! your title insurance policy that will extend the coverage from your individual names to your The next important step is to transfer all of your trust. assets into your trust. This is calling “funding” the trust and without taking this step, all your hard Remember just these four steps: work and good intentions may be wasted. BY KIM ANDERSON YOUNG 1. Counsel will draw your Trust PRESIDENT, SECURITY TITLE, INC. Your trust attorney and/or tax accountant may 2. Security Title will provide current title recommend that you contact Security Title to KIM@SECURITYTITLE.NET | 671.647.8100 reports for property legal descriptions and conduct a title search of any property that you vesting. TO COMPLEX REAL ESTATE own; if you own multiple properties, we can even 3. Counsel will deed properties into your trust. FINDING SIMPLE SOLUTIONS TRANSACTIONS. perform an asset search to make sure no property Called “funding the trust”. is left out! The title report will reveal the current 4. Security Title will record the funding deeds exact ownership and legal descriptions of your and provide endorsements to your title property, and will provide accuracy for the insurance coverage. transfer from the current ownership into the ownership of your trust. Trusts are becoming a very common estateplanning tool, and not just for the very wealthy. If you own property in your name (or as Not only do they minimize inheritance taxes and 8


LISTED BY TODAY’S REALTY

370 KANTON TASI, MERIZO

ROUTE 4, SINAJANA LAND

For Rent $2,450/mo | MLS ID: 18-4537

For Sale $780,000 | MLS ID: 18-4919

Merizo Beachfront home! This 3bd/2.5ba home is a water/boat lovers dream! Newly renovated house offers new tile, paint, appliances and much more! Enjoy Sunsets over Cocos Island views with dolphins in your backyard!

M1 Zoned property in a great location. M1 Zoning offers a range of possibilities from apartment complex, warehouses, medical facilities, office buildings, shopping centers. Imagine all the opportunities that you can create on this 4,453+/- square meter lot!

121 FELIS STREET, TAMUNING

SOUTH LUPOG STREET, YIGO

For Rent $2,500/mo | MLS ID: 18-4946

For Sale $120,000 | MLS ID: 18-4951

Live in the heart of the city. This 3bd/2ba home is 2,000+/-sf in living space. Close to the beaches, shopping centers, theaters and many restaurants and bars. Stainless steel appliances, LG washer and dryer and a modern kitchen.

Located along Anao Road on South Lupog Street is this 1,858+/square meters of land prime for development. Paved Access, with power poles fronting the lot. Nice homes in the area. Close to Upi Elementary school and the back gate of AAFB.

Entire contents, including but not limited to content, design and concept Copyright ©2019 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker


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

119 PAGACHAO DRIVE, AGAT

164 LAGUINA CIRCLE, YONA

Nimitz Beach and Agat Marina just outside your door. This home features 4bd/2ba, 1,576+/-sf of living space, gigantic covered lanai, newly painted, new lighting & more. Home is also available for sale MLS# 18-4874.

This 5 bedroom, 3 bath family home offers around 2,000 square feet of living space with a fenced in yard, 2 car garage, lots of bearing fruit trees on the property in a great neighborhood to escape all the craziness in town to relax and enjoy family time with one another.

118 JASMIN COURT, BARRIGADA

261 I CHALAN KARETA STREET, DEDEDO

Welcome to Barrigada Heights a favorite request for real estate. This home is fully fenced and pet friendly, offering 4 bedrooms and 2 full bathrooms. A bonus feature of the home is an outdoor covered Lanai great for island living, relaxing, BBQ’s, and entertaining.

This custom made house is located only minutes from AAFB. Spacious 4 bedroom and 3 bath a comfortable and roomy floor plan, shiny ceramic tiles, vaulted ceilings, a gourmet kitchen, car garage and a good size of yard for your children or pet.

For Rent $2,450/mo | MLS ID: 18-4949

For Rent $2,450/mo | MLS ID: 18-4956

For Sale $340,000 | MLS ID: 18-4941

For Rent $2,700/mo | MLS ID: 18-4986

Entire contents, including but not limited to content, design and concept Copyright ©2019 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

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Today's GuamHome January 2019  
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