aikahi park: California Home sales off 1/3 in December!!!!!!
- 01/29/08 11:52 AM
Wow, it's worse than I thought, According to the California Association of Realtors home sales are off 33% in December as compared to December of 2006. Prices are not off that bad, dropping only 16 1/2 per-cent. Prices in the Bay area are holding better with a comparable drop of only .2%. I think Uncle Sam is priming the pump for a temporary fix though with FHA incrasing the loan ceiling for qualified buyers and the cuts in the interest rate. Cash rebates to selected taxpayers or non-taxpayers will pump additional liquidity into the economy. Pretty soon these will take hold. … (6 comments)
aikahi park: Hawaii "Big Island" Home Sales
- 01/13/08 05:57 PM
Just by way of comparison with the earlier report on the home market on Kauai, Sales on the Big Island of Hawaii show a very different trend. Sales of single-family homes there fell 20 percent and prices are off 6 percent. Condos show a similar trend with sales off 31 percent while median prices are off about 8 percent. Clearly, each Island has its own market. We are still having great business here on Oahu, but even still the number of homes, both single family homes and condos are off pretty substantially but prices are holding reasonably firm. Our agents are staying … (2 comments)
aikahi park: Kauai Real Estate Market
- 01/13/08 05:42 PM
Some pretty interesting stuff going on in the real estate market here in Hawaii. There are some indications that off island money is starting to come into the market in increasing amounts as evidenced by some recent advances in prices. Kauai is noteworthy in this regard as condo prices there are up 40 percent last year, even if the number of sales is off substantially. Single Family Home Prices there are holding firm with prices off a paltry 4%. On Oahu, our Property Managers are getting a lot of units from would be sellers who are simply not willing to reduce their prices … (2 comments)
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Wow, it's worse than I thought, According to the California Association of Realtors home sales are off 33% in December as compared to December of 2006. Prices are not off that bad, dropping only 16 1/2 per-cent. Prices in the Bay area are holding better with a comparable drop of only .2%. ;)
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