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Hot Honolulu Summer Market!

By
Real Estate Agent with KU Realty

April 28th, 2009 categories: Distressed Properties, Honolulu Real Estate 101

After selling real estate for 26 years, 17 years in Honolulu, I have noticed that there are natural cycles in the market. They go something like this.  From the beginning of January to early March, the market picks up.  As tax season approaches the market slows, then beginning in May lots of property sells through the mid-August.  The market then slows as parents and kids get back into the groove of school.  The market can be slow through the end of October  Then there is usually a small bump from November through mid-December.  This surge is generally a result of 2 types of buyers.  The first is a buyer that needs to buy and close by the end of the calendar year.  The second is the person who will be transferring to Oahu in the New Year.  Like the whales coming to Hawaii in the winter, the cycle repeats itself!

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