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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.

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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.

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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.

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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 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.

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Today's GuamHome September 2019  

Check out our September 2019 issue of Today's GuamHome, stay up to date with our residential market snapshot, get advice from Security Title...

Today's GuamHome September 2019  

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