Guam - Captain Real Estate has released its latest newsletter reporting a stable second quarter in 2010. Owner Nick Captain told KUAM News, "What we are seeing is a very steady market activity the numbers are a lot lower than they were in 2007 and 2008. Generally we are tracking about $20 million a month in transaction volume, although in July we saw a large boost in sales volume because of the Palo Verde Estates subdivision transaction."
Captain says more major transactions are expected during the final part of this year. He said expects the total sales volume of 2010 will be around 20% above that of 2009. A significant peak in transactions will come, as expected, with the military buildup.