This is a monthly newsletter written by Coldwell Banker Pacific Properties for its agents to share with their clients. If you or anyone you know may be interested in real estate, this is a good article of insight to our current market conditions. Please feel free to call me with any questions or interest you may have with Oahu Real Estate. Mahalo, Lila
Aloha,
If you have been checking out the market over the months or
years, wondering when you should take some action, now is
the time. Summer is typically the height of the real estate
season, and statistics are showing that this will be a big
summer. Compared to this time last year, sales of single
family homes are up, and the median sales price is up too.
Widely available home financing at low interest rates has
buyers out shopping, but the number of single family homes
for them to visit and compare is down almost 16% from this
time last year.
Demand is up and supply is down. What does that mean to
home sellers? Well, it means that conditions are just right to
put your home on the market. I’m seeing lots of traffic at open
houses. I’m also seeing multiple offers on well priced and
well-prepared homes.
If you haven’t already paddled out to catch the wave, it’s not
too late. But, we have to get going now. Give me a call or
reply to this email and let’s talk about your home and your
personal situation.
Sales of Single Family Homes and Condos as of June 30, 2012.
In June 2012, sales of single family
homes were up 12.5% over June 2011.
The number of single family homes
available for sale is down 15.9% from
June 2011. Demand for your home
could be extraordinarily strong if you list
now.
There are also opportunities for buyers,
especially due to exceptionally low
interest rates that make the purchase of
a home possible for more people. No
matter your situation, let me help you
with in-depth knowledge and
information.
Median Sales Price of Single Family Homes and Condos as of June 30, 2012.
The median sales price for single
family homes increased 10.2% in June
2012 compared to June 2011. The
median sales price for condominiums
continued to be very stable.
Single family home prices have
increased 8.7% year-to-date as of the
end of June 2012 compared to the
same period in 2011.
If you’ve been waiting for perfect
market conditions, now is the time for
us to talk.
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