Today's GuamHome October 2018

ISSUE 10 | OCTOBER 2018

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

CONTENTS

W

02

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).

03

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

MEET OUR AGENTS

elcome to the October 2018 issue of Today’s Guamhome newsletter.

It is our honor to present this collection of beautiful homes for your review.

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!

05 07

SOLD BY TODAY’S REALTY

A collection of recent homes sold by Today’s Realty

Anthony Godwin Principal Broker / REALTOR®

Jun “John” Lin Vice President / REALTOR®

ON THE COVER

Brand New Affordable Home PREPARE YOUR HOME FOR SALE HOME INSPECTIONS

09

JUST LISTED

Recently listed properties in the market.

Today’s Realty agents and staff during our 2017 Christmas Party

FOR THOUSANDS OF LISTINGS VISIT

WWW.GUAMHOME.COM

RESIDENTIAL MARKET SNAPSHOT JANUARY 1, 2018 - OCTOBER 1, 2018

HOMES SOLD

299 Single family homes sold from January 1, 2018 thru October 1, 2018 vs. the 282 homes sold in 2017.

HOMES RENTED

Year to date saw an increase in the number of single family homes rented at 634 in 2018 and 574 in 2017.

1

3

2

4

UNITS SOLD

164 Condominium units have been sold from January 1, 2018 thru October 1, 2018 vs. the 164 units sold in 2017.

UNITS RENTED

Year to date saw a increase in the number of condominiums, townhomes, apartments rented from 852 in 2017 to current year at 895.

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 $337,627 was significantly higher than the $290,960 reported during the same period in 2017.

HOME RENTALS

Average single family monthly rentals so far this year decreased from $2,414 last year to current year at $2,405.

1

3

2

4

UNIT SALES

The average condominium sale price of $249,559 in 2018 was higher than the $223,802 reported during the same period in 2017.

UNIT RENTALS

The monthly rental rate for condominiums, townhomes, apartments increased from $1,634 in 2017 to $1,691 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.

1

3

2

4

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

Anthony Balajadia 671.686.7173 anthonyb@guamhome.com

Beverly Brady 671.688.8550 beverly@guamhome.com

Carmen Mesa 671.777.6372 carmen@guamhome.com

Fiona Hocking 671.988.9982 fiona@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

Ray Rupley 671.685.5070 ray@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

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

Chad Knapp 671.777.6520 chad@guamhome.com

Christine San Nicolas 671.682.2412 christine@guamhome.com

Dennis Couzijn 671.727.3815 dennis@guamhome.com

Duane Pahl 671.689.7777 duane@guamhome.com

Jeremy Looby 671.689.6100 jeremy@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

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!

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

CLOSED BY TODAY’S REALTY

Yigo Home • $315,000 Days on market: 1170 | MLS ID: 15-2140

Ordot-Chalan Pago Land • $1,411,690 Days on market: 607 | MLS ID: 17-417

Agana Beach Condo • $615,000 Days on market: 116 | MLS ID: 18-2191

Alupang Cove Condo • $320,000 Days on market: 92 | MLS ID: 18-2319

Tumon Chichirica Condo • $2,200/mo Days on market: 99 | MLS ID: 18-2530

Barrigada Home • $2,205/mo Days on market: 39 | MLS ID: 18-3205

Entire contents, including but not limited to content, design and concept Copyright ©2018 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

A collection of recent properties closed by our REALTORS®

Talofofo Home • $390,000 Days on market: 126 | MLS ID: 18-1792

Yona Home • $235,000 Days on market: 72 | MLS ID: 18-2019

Ordot-Chalan Pago Home • $939,000 Days on market: 99 | MLS ID: 18-2424

Barrigada Heights Home • $3,000/mo Days on market: 86 | MLS ID: 18-2188

Flora Pago Gardens • $2,450/mo Days on market: 42 | MLS ID: 18-3272

Dededo Home • $1,800/mo Days on market: 19 | MLS ID: 18-3562

Entire contents, including but not limited to content, design and concept Copyright ©2018 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

6

ON THE COVER 477J BALIMBINES STREET, YIGO, GUAM For Sale $239,000 BRAND NEW! 3 bedroom 2 bath home on a huge 929 square meter corner lot. Home feature cool porcelain tiled flooring, granite counter tops in kitchen, stainless stove and refrigerator, sidewalks all around, two split air conditioners, accordion shutters. Great location just off Chalan LaChanch in Yigo.

MLS ID# 18-3708

PREPARE YOUR HOME FOR SALE Customer: Hello Mr. Duane Pahl, my name is Merry Kristmas, and I was curious if you could provide some guidance or tips to prepare my home for sale?

Duane: Hello Ms. Merry Kristmas, your name is AWESOME, and your question is a very good one.

First of all, the goal of selling your property is 2 fold. One is to get is sold quickly, and the second is the get it sold fast! That is where proper market preparation is key to a successful sale.

Before we even market your home, you need to price it right. Most real estate professionals will provide a free market evaluation of your home. That will give you an idea of market value, and if it’s the amount you want, and if its the best time to sell for YOU?

If the price, and timing is right, you need to do a walk through of your home with

HOME INSPECTIONS

your real estate professional. Please keep in mind, during the walkthrough, your professional will give tips such as de cluttering your personal items, furniture removal and/or placement adjustments, removal of curtains/window treatments, cleaning of appliances, air con cleaning, yard improvements or, lighting improvements. Don’t take offense to these suggestions as they are meant to help sell your home for top dollar.

It’s a good idea to walk around the home and see if there are other things you can do to make it look great.

Spending a little money on interior paint, room light fixtures, kitchen appliances, and window treatments can often pay you back nicely. Keep in mind, when a potential buyer walks into your home, it may be too late to impress them. Once they drive up to your home, the process of liking the home begins. So start from

the curb appeal to the front door, to the interior, and exterior. And get that home sold.

If you ever need help with preparing your home for sale? Just give us a call here at Today’s Realty, we always willing to help and provide insight to the process.

See you next month guamies. For all of your Real Estate needs, who YOU gonna call? Duane Pahl!

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!

Buyer BE AWARE! Inspection Checklist

I recently caught up with Anthony Godwin, So what happens if the home inspection reveals Principal Broker of Today’s Realty as he was on his something that needs to be repaired? Let’s way to a meeting with a home inspector. assume the air conditioners need about $4,000 worth of work in order to function properly. The Our conversation turned quickly to the value and solution can be different for each transaction, importance that a home inspection brings to the depending upon the parties, but here are a few real estate transaction. Not too long ago, home options: inspections were rare for Guam real estate sales, giving a whole new meaning to “let the buyer 1. Seller handles the repair prior to closing. beware”!

2. Buyer agrees to accept the house “as-is” and will deal with the air conditioning A homeowner interested in selling their home system after closing (but they have full can benefit from a home inspection prior to knowledge of the deficiency). listing their home. The inspection will reveal 3. Buyer and seller may instruct escrow to items that should be resolved in order for the hold funds to pay for the repairs once they seller to get the highest price for their home. It have been completed. will give the seller time to make needed repairs 4. Seller may give a credit to the buyers at that will enhance the value of the home. closing and the buyer can resolve the issue as they see fit.

Purchasers utilize the services of a qualified home inspector in order to determine if there are Your REALTOR has all the information you need to any items that will need repairing or replacing in both obtain a home inspection, and to negotiate the near future. past any hurdle the inspection may reveal.

Who ya’ gonna call?

BY DUANE C. PAHL, R E A LT O R ® 671.689.7777 | DUANE@GUAMHOME.COM DUANEPAHL.COM

☑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.

8

LISTED BY TODAY’S REALTY

218 PADUA LANE, IPAN-TALOFOFO

13-1 CHALAN KARETA, DEDEDO

Country living at its best! This beautiful BRAND NEW HOME is located in Ipan Talofofo. It has 4 bedroom, 3.5 bath, outside kitchen, 5 split a/c units, 6 ceiling fans, water softener, typhoon shutters and much more! What are you waiting for?

Beautiful and well maintained 3bd/ba home perched in a quiet cul de sac. Pitched roof, beautiful doors throughout the home and lots of kitchen cabinetry. Rear fenced yard and garage.

SERENU AVENUE, TAMUNING LAND

B101 PACIFIC TOWERS CONDO

For Sale $468,888 | MLS ID: 18-2867

For Rent $2,200/mo | MLS ID: 18-3412

For Sale $1,250,000 | MLS ID: 18-3354

For Rent $1,500/mo | MLS ID: 18-3778

Check out this beautiful 2,324 +/- square meters of beachfront property! Think of all the possibilities you can build on this prime location. Call your favorite Realtor now! Subject lot is split zoned ‘’R-2’’ (Multi Family Dwelling) and ‘’C’’ (Commercial) Zone.

TOTALLY RENOVATED UNIT! Be the first to live in this awesome unit. Everything is BRAND NEW!! Great location! Security! 1st floor convenience! Pool! Park with benches! and so much more!

Entire contents, including but not limited to content, design and concept Copyright ©2018 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

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

BARRIGADA COMMERCIAL SPACE

401 TUMON HORIZON CONDO

Route 16 frontage in Barrigada! Perfect for a yoga studio, office or anything you need some open space for. This unit includes a split A/C unit and restroom. Large open parking lot with plenty of stalls for you and your clients.

Gorgeous ocean view of all of Tumon from the big picturesque windows of this end unit. Best location in the building. The unit is fully furnished with designer furniture. Kitchen has custom cabinets and stainless appliances and washer/dryer. Central location.

564 NORTH DIONISIO, UMATAC

CASIMIRU STREET, SINAJANA LAND

For Rent $900/mo | MLS ID: 18-3747

For Rent $2,200/mo | MLS ID: 18-3767

For Sale $265,000 | MLS ID: 18-3779

For Sale $249,000 | MLS ID: 18-3799

Affordable 4 bedroom with two full bathrooms home situated within greenery of the southern and quiet village of Umatac (‘Huma’tak’).

Expansive lot located in the M-T-M area just off Roy T.Damian St (Biang St. intersection close by). Increase development opportunities when you also purchase the adjacent lot, currently also for sale!

Entire contents, including but not limited to content, design and concept Copyright ©2018 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

10