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Be Part of the Solution For Your Market; Because "Shift" Always Happens

Whichever state you are residing and conducting business in it can be guaranteed that your market of last year or the year before is in the past. What is past is past. What is present is a gift. And the future is yet to come. The market shifts, changes, goes up, goes down or stabilizes. Whatever the cause of the market in your neighborhood changing it is up to us to keep the market moving.

Real Estate Industry Professionals keep the market moving. What a concept! I for one shifted, changed and moved with Honolulu Hawaii's market. In Hawaii our market has definitely shifted all over the place in the last two years. Up and down, stable and now the neighborhoods have shifted yet again. In some other neighborhoods prices have gone back up and others it has gone down. Go figure.

Here's the post (it was actually my attempt to write a contest entry for the Carnival of Content Contest) No Bursting Bubble For Hawaii? Home Buying and Selling Tipsters! In any case, if anyone would like to see our statistics released by the Honolulu Board of Realtors yesterday for the third quarter it can be seen here http://www.hicentral.com/hbr-stat.asp in full and there are links for previous months, years and quarters.

The following statistics are for the Median SALES prices in the Honolulu County (Oahu) Hawaii throughout the last few years. Our sales prices are NOT going down. What has gone down are the number of sales. For single family homes in 2006 the number of sales at this time were 1,089 and this year it's 975. For condos the number sold was 1,559 at this time last year and as of yesterday 1,366.

What really makes the difference is the neighborhoods. In Central Oahu (Mililani, Wahiawa, Whitmore, Wilikina) our prices went up for single family homes and down for condos. The previous quarter both single family and condo prices went up. Go figure. In July of this year (when I wrote that post) prices went up for all categories and neighborhoods except for Ewa and Waipahu (for single family) and Makakilo and Pearl City for Condos. Again. Go figure.

Single Family: Median Sales Price

2003- $380,000
2004- $460,000
2005- $590,000
2006- $630,000
2007- $649,000

Condos: Median Sales Price

2003- $175,000
2004- $180,000
2005- $269,000
2006- $310,000
2007- $330,000

And this IS the current information from our Honolulu Board of Realtors (tracking all solds from our MLS) and brought to you via WooHoo Sally's Blog!

For those of you who believe that we make a difference for our Real Estate Industry then keep on striving to be the best you can be; ALWAYS support each other and work as a team and ALWAYS think in the best interests of your clients.

And if you need current and up to date information on statistics, a Hawaii Relocations packet or you just have questions please don't hesitate to contact Celeste "Sally" Cheeseman, Realtor Associate ® , Century 21 Liberty Homes, Mililani, HI @ (808) 375-1404.

Alive and Well in Central Oahu, Hawaii! <CLICK roll with the changes.CLICK>

www.hawaiihomesmarket.com

Celeste "Sally" Cheeseman's Mililani Hawaii Real Estate Blog 2007©

*All pictures and content property of Celeste "Sally" Cheeseman

Posted by Celeste "SALLY" Cheeseman HAWAII Relocations & Real Estate on 10/16/2007 03:16 PM

Comments (35)

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Originally posted at: Hawaii Real Estate & Relocations : Be Part of the Solution For Your Market; Because "Shift" Always Happens

35 Comments on Be Part of the Solution For Your Market; Because "Shift" Always Happens

OCT

2007

Hi Sally,
I agree with you that we as agents are an integral part of the solution. How we advise, educate and work with our clients makes the difference between a property that sells and one that sits. We must constantly stay abreast of our local market and be prepared for the shifts. They always come, it's just that some are more memorable than others. Thank you.

Sis - Nice! It is vital that we all step up and be a part of the solution, I knew you will be front & center leading the pack. This is an important read for consumers & professionals.

Cynthia: Very insightful you are and I totally agree...all markets are different. We are part of the solution and if we work together, think in the best interests of our clients and give the consumer up to date info then our markets are surely going to be a better place to live :)

Jason: Thanks so much. I have changed direction and need to stay on a positive focus....woohoo!

Hi Sally,

Good post! I like statistics and enjoy sharing them with my clients. It helps them to understand what is really happening and backs up what I'm telling them. You are right, we have a responsibility to our clients and for our market. Thanks for the post. Good Job!

Sally, it is so very important for consumers and Realtors alike to understand the local market statistics. The numbers can vary from town to town and even from subdivision or condo complex. Real estate is very local and people need to be educated about this constantly. People tend to believe what they read in the papers and the reporters tend to pick the worst case scenarios to report upon. We have areas where prices are up and areas where prices are down and you can't extrapolate it to the overall market. There is no overall market. The market is where your particular clients are trying to buy or sell.

Hey Sally, gotta love those ghost commenters. Thanks for sharing your stats with us.

Sally, you did a good job on putting the numbers out there for any one to see. You know your market and it shows. Good for you.

Sally,

That Ghost Writer is a Coward, otherwise they wouldn't hide the way they Did. like all of your Posts!! and I am not just saying that.. Idiots.

Tom Weiss

You should link this to your outside blog as well:) I'm not forcing you..just suggesting it.

Sally- I just Read the Post.. I saw on Neals post I believe, something Popped up and said No ghost Blogs allowed or something Like that. I am shocked at the Nerve of these people, But I will put money on the fact that this is a agent from Hawaii and they are scared of how well you do.. A** Holes Sorry that is pathetic, I'm a little angry.

Tom Weiss

Sally. You're too patient.

If anyone, especially someone who doesn't identify themselves, makes comments like that on my blog, they get "bleeped".

I bleeped one pest about 8 times in the past week. He just won't go away. He wants to argue with me on my blog. I don't have time to read or argue with him. He can state his views on his own blog.

Don't let them hold you hostage on your own blog.

I think your positive trajectory will be a benefit to the local market you serve. Have you thought about serving on your board committees, assuming they have them?

Sally - Guess I missed the mystery - but the fact that you are the Hawaii Real Estate expert with a positive attitude is obvious to everyone - thanks for sharing and giving a great historical perspective.

Sally Jo, you do some very nice blogs- both for us, and the consumer. Great job on this one...again!

Sally anyone who does not think that we need to shift with the market and make the necessary change to how we do things, needs to read a book call "Who Moved My Cheese?" by Spencer Johnson, M.D.

If we do not adapted and follow our market we will wake up one they and it will be gone.

Ricki: And it helps the consumer understand better that all markets are different. Funny how one person can try and put a damper on everything and try to compare nationwide with one sorry market. Sad...I believe NAR needs to get stats out there for all neighborhoods if they're going to give stats at all.

Brian: At least us Realtors® understand the importance of neighborhood stats. We have to go by county as well...(each of our islands is a different county) Our towns are smack next to each other...and the figures vary immensely! Thanks for your input which by the way...is valued on this blog!

Steph: Funny thing is ...hardly get those...always gotta be one in every state or else comes to every state to spreak ick around.

Dan: Thanks there friend! And all that person had to do was ask...instead of try and be condecending. That's okay...boot that one out the door. I just hope it wasn't another agent.....

Tom: That's okay Tom....what goes around comes around. Too bad the person is miserable. Maybe they're having a bad day...or bad business. or just a plain malcontent.

Neal: I will...just got home. Went to eat Japanese food with my daughter. (I had to con her to come pick me up and take me to get my car....I am sore from yesterday's walk! hehe)

Tom: Calm down buddy...we are worse if we buy into it. I know you love WooHoo! :)

Lenn: I know. Shucks. (not always ...just decided to turn this one around) I won't ...it was a one time (hopefully) deal and if not I'll have AR try and track it or something. IP addresses are always around...I hope it's not an agent...and I hope it's not a member.

Jeff: You're funny. Of course we have boards! We are just like any other state hehe.

Cyndee: Thanks for bringing your positive attitude here too. If it's one thing we don't need is more negative stuff...

Thanks Auntie! You're always here supporting me....thank you. (I hope you feel the same!)

George: And the world passes by for anyone who doesn't set aside their "stinking thinking" and roll with the changes.

Sally,

I love how you turned a negative into something positive, you did a great job reporting your market conditions! :)

Suzanne: At this point and time....that's the way to go...here on the Rain...out in the real world, at home or at the office...turning a negative into a positive. Thanks for popping by!

Do you not have many oceanfront condos? I ask because of the median price differential between houses and condos.

Lisa: Yes, we do have many...but it's not like that's the going thing when they're priced between 600k to 2.25 million just for the ones available in Waikiki.

Obviously, the single family homes have "land" which is more valuable than the home...in most cases. If I were to compare ocean "view" homes to ocean front condos that's another story as well. You're looking at anything in the Diamond Head area from 1.8 million (2 bedrm and not even on ocean) to 11.9 million (below and just in the Diamond Head area with a view of the ocean)

Hi Sally....Our Clients take their clues from us! That calls for a positive face...right out front!

Sally - What a great blog and I love your new signature!

Joan: Exactly! Right here, right now, up front and center! (sound like military personnel haha)

Linda: Thanks for dropping by. (Margaret did it for me)

Sally, The market has definetely changed everywhere. Our median home prices in Las Vegas have gone done in the past couple years which makes this an excellent time to buy! I keep stressing that when people give me negative feedback about the market. We have to keep educating people as the market changes. Thanks for sharing the stats in Hawaii with us. I like to know what is going on in all parts of the country.

So do I Roberta. AR is such a wealth of knowledge for info from all over the country....right at our fingertips.

OCT

2007

Sally, Great post. You know I really enjoy your posts. As you know I had a personal attack as well. It always amazes me that these poeple feel it is ok to attack us and then don't leave their names. What kind of person does that? Well I know if it is a man he must have a very small...... well you know..:-)

SALLY: Any blog that ends with a link to "Roll With The Changes" is great by me. I actually used that as a blog title a while back. We are the ones to see the changes happening and we can react accordingly. Unfortunately, the public is often swayed by the media that paints broad strokes, but has a large voice. We still must do what we can to raise awareness.

Sally--Beautiful marketing statistical post for a beautiful area of the US....Why can't my photos look so inviting?!!! Great job...Amazing how the median price has exploded in Hawaii!

Matt: That's okay Matt...gotta love em for trying and not succeeding. Must have no business.

Adam: That was the album (not tape or cd back then....album hehe) I played over and over when my son was a baby...keep on loving you.... was my favorite.

Teri: All scenic posts are beautiful and so are yours! And the prices haven't really gone down. Just the number of sales...normal in this market...

Indeed the past is the past..... although History has a way of repeating itself, as in Real Estate Cycles, but with something different thrown into the mix. Each area is indeed different, and that is why it is important for everyone to stay abreast of the constant changes.......

Nicely done......Statics seem to add a bit of "visual reality", Thank you for adding them.

Kathy: But our cycles are either two years behind the Continental U.S. or on it's own somehow. And this time the "cycle" is not the same even over there. I heard southern CA is taking a beating. Any truth to that? (last nights news)

Great post and interesting information!

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