home sales: 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)
home sales: Oahu Home Sales Info
- 12/03/07 11:24 AM
We have kind of an interesting development on Oahu concerning single family home sales. Last month, single family sales fell more than 16 percent according to the Honolulu Board of Realtors. With Prices holding firm, it appears as though we are going to run into increasing difficulty closing sales at current asking prices. The key to making a sale will depend on our clients being willing to reduce the price slightly, or even more than slightly. I am not sure this will be good for the market, but it increasingly appears as though our sellers will have to give a little if they … (6 comments)
This is a company BLOG for RE/MAX Kai Lani of Kailua, Oahu, Hawaii. The BLOG is designed to provide information on the Real Estate Market and Home Rental Market in Hawaii. We have a fantastic Web page at www.remaxkailani.com. Check out our Links! There is something for everyone.
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. ;)
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