December 29th, 2007 7:46 AM by Deanna Palmer
Happy New Year! It's already 2008. Wow, how time flies.
This is Marvin and I in front of a fireplace at the Landmark Condo in Niseko, Japan December 20, 2007. We went with our friends John and Liz Duenas and all their children and grand children. It snowed every day for 5 days. We skied in white powder snow with and without visibility. The temperature was about 12 Degree F., but our snow suits kept us warm. It was very nice to have a 5 day vacation and no jetlag. Sapporro, Japan is a 4 hour 15 minute flight from Guam on Continental Air Lines. Then a 2 hour bus ride to the ski resort. I highly recommend the place. Fees were very reasonable for ski rental and ski lift tickets.
Guam Real Estate is still very strong. While the US mainland and Honolulu Real Estate Markets are on a sharp downturn, Guam is booming. Three years ago was the lowest prices for RE on Guam. Prices have recovered and investors both on Guam and off island have been buying up investment property. Developers have bought land and have gotten approval for several large projects. Most of the new developments have targeted the high end of the market. In 2 to 3 years, we will have over 1,000 units available in the $500,000 and higher range. There are Single Family Units currently being built in Tamuning, just up the hill from Tumon Bay, our Waikiki, with floorplans starting at 2700 to 3500 sq. ft. of living area. These are being marketed for $850,000. The subdivision is planned to have a 3 acre open park area, swimming pool, fenced and gated, all under ground utilities including propane gas. From the property you see the top 8 floors of the new Pacific Island Club Tower. There are 17 townhouse style 3 story units on the top edge of Tumon along Marine Drive called Tasi 17 which are priced at 1.2 million.
There are some single family dwelling new homes in Yigo priced for middle income and VA loans in the $225000 to $300,000 price ranges. We have seen a drop in value recently in the resale homes due to the new builds pricing and availability.
I've assisted several military families purchase homes. I also have been busy assisting military families with their rentals. Officers receive $2100 to $2500 per month and enlisted receive $1700 to $1900 a month. I know what the Military Housing Office requires for leases and can show everything listed in MLS.
I am the host for a radio show on K57 Radio am, every Saturday from 12 to 1pm. I take calls and give information about Real Estate on Guam and Real Estate in general.
Well, I guess I've rambled enough for my very first blog page.
Again Happy New Year and all the Best for 2008