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

By Celeste "SALLY" Cheeseman

Real Estate Agent with Liberty Homes RS-#62825

October 16, 2007 08:16 AM

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

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Celeste "SALLY" Cheeseman

Liberty Homes - Mililani, HI

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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.

Oct 16, 2007 11:12 AM

Celeste "SALLY" Cheeseman

Liberty Homes - Mililani, HI

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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! :)

Oct 16, 2007 11:18 AM

Celeste "SALLY" Cheeseman

Liberty Homes - Mililani, HI

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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.

Oct 16, 2007 11:20 AM

Celeste "SALLY" Cheeseman

Liberty Homes - Mililani, HI

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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.

Oct 16, 2007 11:24 AM

Suzanne Sands

Pavao Real Estate - Somerset, MA

Somerset MA Real Estate

Sally,

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

Oct 16, 2007 01:41 PM

Celeste "SALLY" Cheeseman

Liberty Homes - Mililani, HI

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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!

Oct 16, 2007 01:45 PM

Lisa Hill

Florida Property Experts - Daytona Beach, FL

Daytona Beach Real Estate

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

Oct 16, 2007 01:46 PM

Celeste "SALLY" Cheeseman

Liberty Homes - Mililani, HI

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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)

Oct 16, 2007 02:03 PM

Joan Mirantz

Homequest Real Estate - Concord, NH

Realtor, GRI, CBR, SRES - Concord New Hampshire

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

Oct 16, 2007 04:31 PM

Linda Scanlan

A Fan of AR - Burleson, TX

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

Oct 16, 2007 04:35 PM

Celeste "SALLY" Cheeseman

Liberty Homes - Mililani, HI

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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)

Oct 16, 2007 04:41 PM

Roberta LaRocca

Simply Vegas Real Estate - Las Vegas, NV

REALTOR®, Broker, Salesperson, NV. Lic BS.507

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.

Oct 16, 2007 04:42 PM

Celeste "SALLY" Cheeseman

Liberty Homes - Mililani, HI

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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

Oct 16, 2007 04:58 PM

Matthew J Blum - (retired from the business)

Palm Beach Gardens, FL

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..:-)

Oct 16, 2007 10:23 PM

Adam Waldman

Westcott Group Real Estate Company - Hauppauge, NY

Realtor - Long Island

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.

Oct 17, 2007 12:28 AM

Teri Eckholm

Boardman Realty - White Bear Lake, MN

REALTOR Serving Mpls/St Paul North & East Metro

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!

Oct 17, 2007 02:31 AM

Celeste "SALLY" Cheeseman

Liberty Homes - Mililani, HI

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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...

Oct 17, 2007 03:45 AM

Kathy McGraw

CELLing Realty - White Water, CA

Riverside County CA Real Estate

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.

Oct 17, 2007 04:00 AM

Celeste "SALLY" Cheeseman

Liberty Homes - Mililani, HI

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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)

Oct 17, 2007 04:09 AM

Ana Connell

G & C Properties - Burbank, CA

Burbank Real Estate Agent

Great post and interesting information!

Oct 17, 2007 10:09 AM