Some pretty interesting stuff going on in the real estate market here in Hawaii. There are some indications that off island money is starting to come into the market in increasing amounts as evidenced by some recent advances in prices. Kauai is noteworthy in this regard as condo prices there are up 40 percent last year, even if the number of sales is off substantially. Single Family Home Prices there are holding firm with prices off a paltry 4%.
On Oahu, our Property Managers are getting a lot of units from would be sellers who are simply not willing to reduce their prices and are putting their properties on the rental market to buy time until the prices firm.
Stay tuned to the market for interesting times.
REMAX Kai Lani, 25 Kaneohe Bay Drive, #109 in the Aikahi Park Shopping Center, Kailua, HI 96734 -- Telephone 808-237-5310.
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