20% increase in real estate sales projected - KUAM.com-KUAM News: On Air. Online. On Demand.

20% increase in real estate sales projected

Posted: Updated:

by Lannie Walker

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.

  • NEWS HEADLINESMore>>

  • Pair Arrested After Police Raid Harmon Home

    Pair Arrested After Police Raid Harmon Home

    Guam police received a tip about illegal drug activity at a home in Harmon before they placed two people under arrest. Fernando Cruz Flores, 59, and Sandy Marie Duran, 33, are charged with illegal possession of a schedule II controlled substance, drug posMore >>
    Guam police received a tip about illegal drug activity at a home in Harmon before they placed two people under arrest. Fernando Cruz Flores, 59, and Sandy Marie Duran, 33, are charged with illegal possession of a schedule II controlled substance, drug posMore >>
  • Federal charges brought against Vincent Lujan for drugs

    Federal charges brought against Vincent Lujan for drugs

    Unsealed in the District Court of Guam this week. Vincent Q. Lujan will face a federal jury later this year on drug charges. According to court documents, from July 2017 to the time of the indictment, Lujan allegedly conspired with others to distribute 50More >>
    Unsealed in the District Court of Guam this week. Vincent Q. Lujan will face a federal jury later this year on drug charges. According to court documents, from July 2017 to the time of the indictment, Lujan allegedly conspired with others to distribute 50More >>
  • Oversight held for Rev & Tax

    Oversight held for Rev & Tax

    Senators held an oversight hearing with the Department of Revenue & Taxation to talk about a variety of issues from collection to compliance. Director John Camacho was also asked about Section 30 funds. These are the taxes paid by federal civilian and milMore >>
    Senators held an oversight hearing with the Department of Revenue & Taxation to talk about a variety of issues from collection to compliance. Director John Camacho was also asked about Section 30 funds. These are the taxes paid by federal civilian and milMore >>
Powered by Frankly