__MAIN_TEXT__

Page 1

TODAY'S GUAMHOME JUNE 2020

WHAT'S INSIDE Meet Our Agents | Market Report | Closed by Today's Realty | Featured Articles On the Cover | Just Listed


OUR OFFICE Welcome to the May 2020 issue of Today’s Guamhome newsletter. It is our honor to present this collection of beautiful homes for your review. 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). 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!

Anthony Godwin Principal Broker / REALTOR®

Jun “John” Lin Vice President / REALTOR®

ADDRESS

1700 Army Drive, Suite 101 Dededo, Guam 96929

OFFICE #

(671) 649-4361

(671) 646-0832

WEBSITE

www.guamhome.com


TABLE OF CONTENTS 02

Meet Our Agents

04

About Guam

05

Market Report Residential Market Snapshot from January 1, 2020 to June 1, 2020

06

Closed by Today's Realty A collection of recent homes sold by Today’s Realty

08

On the Cover 330 Chalan Monessa Justice Lujan, Ordot-Chalan Pago

09

Featured Article Time to Check Your Title!

10

Just Listed

Recently listed properties in the market.

12

Featured Article Should You Fix That Yourself? How to Handle Home Repair During the Pandemic

Guamhome.com

1


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

Christine Campos 671.682.2412 christine@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

Janet Calvo 671.687.1841 janet@guamhome.com

Julie Paxton 671.687.6900 realestate@guam.net

Sharmila Sahni 671.483.7125 sharmilasahni@yahoo.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

Anthony Godwin 671.688.8198 anthony@guamhome.com Principal Broker | REALTORÂŽ 2

Guam is our home, we would love to make it yours

John Lin 671.688.8518 john@guamhome.com Vice President | REALTORÂŽ


Work with the Proven Market Leader

Clariza Samaniego 671.747.7440 clariza@guamhome.com

Clayton Smith 671.482.6602 clayton@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

Kimberly Ada 671.489.5232 kima@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

Shawntel Techaira 671.483.7368 shawntel@guamhome.com

Thinking about a career in real estate? We can help! Contact us at 671-649-4361 or broker@guamhome.com Guamhome.com

3


ABOUT GUAM There are 20 villages on the island of Guam. The northern, and most populated villages are Yigo and Dededo. The north central villages are Mangilao, Barrigada and Tamuning. The Agana Heights, Asan-Maina, Chalan Pago-Ordot, Hagatna, MongmongToto-Maite, and Sinajana make up our central villages. The southern villages include Santa Rita, Piti, Agat, Merizo, Inarajan, Talofofo and Yona.

Every village on Guam has something for everyone. For example, the village of Agat is famous for its annual Mango Fiesta‌ Where you will find scrumptious dishes made with this delicious fruit. The village of Talofofo, likewise, hosts an annual Banana Festival. In our central villages you will find our capital of Hagatna, the seat of Government. The village of Mangilao is host to Guam’s University and Community College.

4

Guam is our home, we would love to make it yours


Residential Market Snapshot January 1, 2020 to June 1, 2020

Average Sold & Rented HOMES SOLD

CONDOS SOLD

HOMES RENTED

CONDOS RENTED

127 Single family homes sold from January 1, 2020 thru June 1, 2020 vs. the 155 homes sold in 2019.

Year to date saw a decrease in the number of single family homes rented at 235 in 2020 and 330 in 2019.

50 Condominium units have been sold from January 1, 2020 thru June 1, 2020 vs. the 97 units sold in 2019.

Year to date saw an decrease in the number of condominiums, townhomes, apartments rented from 449 in 2019 to current year at 360.

Average Sale & Rental Prices HOME SALES

CONDO SALES

HOME RENTALS

CONDO RENTALS

The average year-to-date home price of $376,755 was significantly higher than the $341,284 reported during the same period in 2019.

Average single family monthly rentals so far this year decreased from $2,310 last year to current year at $2,305.

The strength Guam real of the market continestate ue be residentia s to l rentals

The average condominium sale price of $217,670 in 2020 was lower than the $253,846 reported during the same period in 2019.

The monthly rental rate for condominiums, townhomes, apartments decreased from $1,743 in 2019 to $1,714 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 5 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 7 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, it’s a great time to buy. - Anthony Godwin, Principal Broker *Statistics from Guam Multiple Listing Service from January 1, 2020 through June 1, 2020. **Statistics from Guam Multiple Listing (MLS) from January 1, 2019 through June 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.


CLOSED BY TODAY’S REALTY

Ipan-Talofofo Home | $525,000 Days on market: 216 | MLS ID: 19-3975

Ordot-Chalan Pago Land | $40,000 Days on market: 365 | MLS ID: 18-4775

Sinajana Unit | $950/mo Days on market: 122 | MLS ID: 20-278

Umatac Home | $230,000 Days on market: 58 | MLS ID: 20-1187

Yigo Unit | $775/mo Days on market: 21 | MLS ID: 20-1338

Casa Ladera Unit | $625/mo Days on market: 18 | MLS ID: 20-1339

6

Guam is our home, we would love to make it yours

Entire contents, including but not limited to content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker


A collection of recent properties closed by our REALTORS®

Mangilao Home | $525,000 Days on market: 148 | MLS ID: 20-96

Inarajan Land | $64,000 Days on market: 142 | MLS ID: 20-273

Cliff Condo | $2,205/mo Days on market: 18 | MLS ID: 20-1333

Cliff Condo | $1,000/mo Days on market: 23 | MLS ID: 20-1336

Dai-Ichi Condo | $1,000/mo Days on market: 22 | MLS ID: 20-1407

Summer Palace Townhome | $1,700/mo Days on market: 69 | MLS ID: 20-1040

Entire contents, including but not limited to content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

Guamhome.com

7


ON THE COVER 330 CHALAN MONESSA JUSTICE LUJAN, ORDOT-CHALAN PAGO For Sale $1,098,000 Grand and luxurious residence overlooking Pago Bay and beyond. This 2 level, 4 bedrooms, 4.5 bath home boasts 3,200+/-sf of interior space. Enjoy sunsets on the rooftop terrace in the hot tub or relax in the built-in sauna indoors. You'll enjoy cooking in the modern kitchen, large rooms and storage for days, just to mention a few wow factors. Nothing was spared. This is a mansion to behold!

MLS ID# 20-1597

8

Guam is our home, we would love to make it yours


Time to Check Your Title! As we emerge from the effects of the global pandemic, like many businesses Security Title is rethinking how to best serve our customers. With our houses clean and our closets reorganized, there is no better time to make sure our finances and property ownership are also in order. Here’s a checklist that might apply to your family or friends: • How is title held on your home? If something were to happen to you or your spouse, would probate be required or would title transfer automatically? • Have you refinanced or paid off a mortgage? Has a Satisfaction of Mortgage (or Release of Mortgage) been recorded to clear the old mortgage from your property? • Have you experienced a change in your family structure, such as a marriage or divorce? • Has a family member passed away? Did they own property? • Do you have an estate plan? • If you have a trust, does it reflect your current wishes for distribution of your assets? • If you have a trust, have you transferred (by deed) all real estate into the trust (called funding the trust). • Is it time to update your Will? • With interest rates at an all time low, do you have the best interest rate available on you home? As we get back to work, there’s no better time to revisit your most valuable asset, your property! Check with your favorite REALTOR for buying and selling options right now, and for help with the title to your property, call the professionals at Security Title, we are here to help!

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

334 MT. SANTA ROSA, YIGO

L259-2-4 MERIZO LAND

Beautifully maintained home with AMAZING ocean and valley views in cool and breezy Mt. Santa Rosa. This GORGEOUS executive home features brand new A/C units, granite counters, stainless appliances, the expansive roof-top patio deck and much more!

Price reduced! R-1 zoned, 931+/-sm lot in the beautiful southern village of Merizo. Good for future housing development.

113 BRADLEY PLACE, HAGATNA

301 LAGOON CONDO, TAMUNING

M-1 property in Anigua? Central, industrial use is here in this office building, home to a tenant who may be able to move, if need be. The interior offers you 1,610 square footage, and 455 square meters of central, accessible, flat property with a functional lot.

Ocean front 'garden walk-up' 2bd/1ba condominium & beach access to dig your toes into the sandy beach along Agana Bay's shoreline. Generous size concrete covered patio ('lanai') with sunset view every evening.

For Rent $3,000/mo | MLS ID: 20-457

For Sale $348,000 | MLS ID: 20-1722

10

Guam is our home, we would love to make it yours

For Sale $38,000 | MLS ID: 20-1121

For Rent $2,450/mo | MLS ID: 20-1728

Entire contents, including but not limited to content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker


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

212 FLORES ROSA STREET, YONA

157 CHALAN SADUC, YONA

Located just off Cross Island Road and a short drive to Naval Base. This 4bd/2ba home is nestled on a quiet half acre lot with tropical flowers and fruit trees. Large covered patio for recreational use or entertainment. Includes appliances for your needs.

Beautiful Windward Hills Estate home. Enjoy 1750 s.f. of living space in this 4 bedroom, 3 bath home, plus a Jr Suite, perfect for larger families. Covered entry/porch. A 49 foot long carport. Additional paved space (three driveways) for boat or other vehicles.

902 AGANA BAY CONDO, TAMUNING

206 BLUE PACIFIC LATTICE, TUMON

A rare beach front condo with breath taking views of the beach and Agana Bay. Upgraded unit-- modern kitchen ceiling lighting, double pane glass windows and patio doors, ceramic tiling. Unit also equipped with dishwasher, refrigerator, as well as stove with oven.

Welcome to Blue Pacific Lattice! One of Tumon Bays' best complexes to call home! This 2nd floor unit is spotless and ready for immediate occupancy! Gated, Back up Generator, Pool, Secured entry, Awesome location, and so much more!

For Rent $2,450/mo | MLS ID: 20-1226

For Rent $2,800/mo | MLS ID: 20-1732

Entire contents, including but not limited to content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

For Rent $2,650/mo | MLS ID: 20-1667

For Rent $2,205/mo | MLS ID: 20-1749

Guamhome.com

11


Should You Fix That Yourself?

How to Handle Home Repair During the Pandemic By Lila Seidman (TNS)— When Tony Nittoli of North Hollywood noticed a leak under his bathroom sink in mid-April, he tied it up with an old T-shirt and stuffed junk mail under it. He'd normally call his apartment manager to take care of it, but health officials' orders were clear: stay inside and away from others to slow the spread of the coronavirus. "What's the sense of me not going out if I have somebody who's going out to multiple houses coming to my house?" Nittoli said. "That defeats the purpose." Plumbers, electricians and handymen and -women are considered essential workers during the COVID-19 crisis. They've continued to come to the rescue when a pipe bursts or the electricity goes haywire. It's frequently hazardous work, pandemic notwithstanding. But what about when it's not life or death, but life and discomfort? If the washing machine won't wash or the screen door won't seamlessly slide, does it make sense to call a professional? Does bringing in a worker—or several—put your safety and theirs at risk? Do you try doing it yourself? Is fixing a sink as easy as baking bread?

Safety First Although home-repair workers were never ordered to put away their tools, business practices have shifted to meet the moment, according to several industry stakeholders. Workers are required to wear masks and keep their distance from others inside a home, apartment or commercial space they're working in, just as in other essential businesses, according to public health guidelines. Some companies outfit their workers in additional protective gear, such as gloves and booties. For Mike Rios, who owns and manages seven rental units in West L.A., the adjustment hasn't been hard. His go-to handyman "wears a mask and (it's) business as usual," he said. Talieh Safadi, owner of Help Squad, a repair company with a location in Brentwood, said he typically asks customers to take a walk while work is being done or stay in another room. Tom Bannon, chief executive of the California Apartments Association, which represents the rental housing interests, agreed that safety protocols are a two-way street. Repair workers are asked to follow CDC guidelines, "And you hope that that the residents can do the same," Bannon said. When should you call a professional? If it's an emergency or serious issue, make the call. Some repairs simply can't be put off. An untreated electrical shortage could spark a fire. A leaky pipe in one apartment could cause thousands of dollars of water damage in the entire complex. In those situations, it's necessary to bring in a trained professional, ideally before a situation grows dire. If it's less urgent, weigh the risks. If you're a family of five and your washing machine breaks, it might not be feasible to transition to a washboard. If it's not urgent, Safadi recommends people over 65 or with underlying health conditions postpone work for a few weeks. If they need to go forward with a repair, he advises increasing safety precautions. Apartment owners still have an obligation to make repairs within a reasonable time frame, but Bannon stressed that the pandemic has

12

Guam is our home, we would love to make it yours

Entire contents, including but not limited to content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker


...continued affected what's reasonable. Some tenants don't want home-repair workers in their units—and it's difficult from a legal perspective for a landlord to enter a unit against their wishes, Bannon said. On the flip side, some maintenance workers are hesitant to put themselves at unnecessary risk. The latter makes it trickier to find someone to tackle a job immediately and increases the turnaround time for some repairs, he added. "It's not a good time for maintenance unless it's a serious issue," Bannon said.

Repair Needs Are Increasing People in the industry agree that comfort levels around home repair appear to be rising—possibly out of necessity. According to ServiceTitan, a tech company that develops software for home-services workers, revenue for contractors in California in the first two weeks of May jumped 10 percent over the same period last year. And the numbers are showing improvement nationally. Calls never stopped completely for contractor Edward Flanagan, though they did fall significantly after California's stay-at-home order went into place. He estimates that he's getting half as much business as usual now, compared with a quarter as much in mid-March. Many of the large residential projects Safadi had lined up, including a more than $100,000 job to convert a garage to a living space, are on hold. But he said he is fielding more quotidian requests, including calls about broken dishwashers, toilets, garbage disposals, doors and faucets. More time at home means more wear and tear. "Remember, all of us were home, including me and my wife, on lockdown," Safadi said. "And guess what? There were a lot more issues with maintenance because everybody's home."

Should I Try to Do It Myself? Those concerned about exposure to the virus or who are tight on funds might be considering a DIY approach. Professionals urge caution. Most plumbing and electrical work, for example, is best left to the professionals. "One mistake can cause a lot more damage," Safadi said. "If you don't know how to snake a pipe or a garbage disposal, it might leak overnight," he explained. In a multi-unit complex, that can get expensive: "Because it leaks into the unit below or the unit next door and then it becomes a huge thing." Besides property damage, "there's potential damage you could do to yourself," Bannon said, pointing to garbage disposals as one source of danger. But home maintenance falls on a spectrum of difficulty, said Bob Burke, chief executive of Repair Clinic, a company that offers step-by-step repair tutorials. "What we're seeing is that people have real needs, partly caused by the pandemic, partly because things are breaking because they're at home, and I think people now are realizing they can do a lot more than they might have thought," Burke said. "People are learning to be creative." The service is starting to see engagement with a younger audience, particularly in the 22 to 35 age range, according to Peter Krauss, president of the company. Their typical customer had been 45 or older, he said. Marnie Sehayek initially intended to pay a handy friend to build out a closet in her Koreatown apartment. When L.A. issued its safer-at-home order in midMarch, that no longer seemed wise. Instead, she watched videos, conferred with friends, borrowed tools from a neighbor and did it herself over the course of several weeks. "To be honest, I felt like I was in a Marx Brothers skit at almost every pass with it," she said, adding that it ultimately came together. "It's not exactly perfect, but it totally works for me." Then there are the basics, like how to flip a breaker on and off, and where the main water shutoff is, things Flanagan said everyone should know. Otherwise, you could be wasting water and electricity, he said. "I think it's good for people to have more of a knowledge of that going on," he said, "and maybe this will give us a chance for people to do that." Reprinted with permission from RISMedia. ©2020. All rights reserved.

Entire contents, including but not limited to content, design and concept Copyright ©2020 by LG&G Corporation. All rights reserved. Anthony R. Godwin • Principal Broker

Guamhome.com

13


Profile for Todays Realty

Today's GuamHome Newsletter  

Check out our May 2020 issue of Today's GuamHome, stay up to date with our residential market snapshot, get insight & advice from Security T...

Today's GuamHome Newsletter  

Check out our May 2020 issue of Today's GuamHome, stay up to date with our residential market snapshot, get insight & advice from Security T...