THE recent article published in the Marianas Variety regarding the Guam real estate market (Real estate affected by buildup delay, April 16, 2012) includes the misleading and inaccurate statement by a local realtor that “housing prices are going up.”
I can only assume that statement was based on Captain Real Estate Group’s report summarizing year-end single-family median prices, which reflected an annual increase of 15 percent to $245,000. This increase compares the annual median prices in 2010 and 2011 and has nothing to do with the current market.
Further, an increase in median price does not mean that housing prices are going up. In fact, there is substantial data that supports the opposite. We understand the cost and difficulty involved to produce accurate and reliable statistics which support the current direction of the housing market on Guam. Real estate is typically the largest single asset of any family on Guam. As such, unsupported or misleading comments should not be, in my opinion, carelessly reported by your newspaper.
W. Nicholas Captain,
MAI, CRE
Hagåtña
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Letter to the Editor 
Real Estate market statistics and reporting misleading data
Real Estate market statistics and reporting misleading data
Real Estate market statistics and reporting misleading data
- Wednesday, 25 Apr 2012 03:00am
- LETTER TO THE EDITOR
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