Hey Kengo,

60-90 days in California is about right...Nor Cal and So Cal...

I'm approved in Hawaii to do financing and I'm looking for Hawaiian agents to team up with....

I have Beach Town Mortgage...

If you're interested in tapping the California market for second homebuyers and investors, let me know...

You're right, changing your game plan for '07 will be important!

We'll be in Waikiki between Dec 4th-10th for the U2/Pearl Jam concert and having fun :)

Scott

Kengo,

I havent seen that episode but actually i have 3 clients in hawaii who are currently refinancing, their ARMS have reset.

In southern california actually from what i have seen is 45 -90 days on average 

Sales have slowed down but people are still actively looking.  I am working with more potential buyers now than I ever have but because it is such a buyer's market, buyers are taking their time to find the best deal.

Im in the same boat as Rob- alot of lookers-waiting to see if prices drop even more. I say get off the fence!

I didn't see the episode but I did feel the difference in the market for a little while. I've picked up recently but was slower for the last two months or so. It is taking more work to put someone into escrow. Spinnin my wheels.

I want to see it now.  Yeah I'm a little worried but only time will tell.  Hawaii is a very different market though in so many ways.

This is more of the usual sensationalist "news" performance.  Nothing of the economic indicators suggests this (see numerous NAR bulletins and studies, two of which I noted in blogs, from mid-October and again at the end of October).  Data doesn't always make its way to what we feel at street level, but in the upper bracket of the downtown Chicago market, I see all the overly marked down spaces disappearing now.  That's good news.

Without data on more expensive listings, $500,000+ listings here were on the MLS an average of 108 days last I heard, but that's about a month or so old.  It's getting to be winter here (you don't have that weather-wise of course in HI) and that tends to mean a slower market until about March or even April, but I still think the market is in pretty good shape - the 3rd or 4th best year in history per something I saw from NAR, that can't be much to complain about.

I'm still busy.  Not too worried just yet.

Off the subject.  Kengo you need to change your stuff to (R) right?

I have noticed that most of the homes staying on for 90 and 120 days or more on Oahu are the ones that are either pushing the price or hard to show.

Seller's and their agents need to realize the market has changed and they have to compete with more inventory. 

I see too many times where the agent recommends too high of a price to win over the seller to get the listing.  Once they have it reality sets in for them and their client.

You are so right Randy!!!  If it's priced right, it should go.  It's a little slower but still a great market.  Good news is I've picked up again.

Mike...it'll change to R next year.  I just paid DCCA this past week and they advised me to just wait till next year to activate it.  That's only a month and a half away.

And to everyone else, a warm mahalo for your comments!!! - Aloha