The Honolulu Real Estate Market is unique in many ways and inventory levels in certain price points reflect how home-buyer and investor demand affects supply. When it comes to Honolulu condominiums for sale there is high demand for condos under $300,000 with inventory levels trending down. Average days on market for condos in July was just 16 days. If you are in the under 300K price point, buyers need to be ready to make a full price offer with their down-payment and financing in-place if the intend on buying successfully in Honolulu.
There are plenty of luxury condos available with a wide selection of new construction and resale condos to choose from on O'ahu.
If you are looking to sell or buy in a specific price point in a specific neighborhood, you may have to adjust your buying or selling strategy depending on inventory levels, time of year, and current comps. There is more inventory and options above the 300K threshold and thus the market supports more of a selection to choose from if you're a buyer and more competition if you're a selling.
If you are in need of expert Honolulu Real Estate Sales and Property Management advice please contact us today.
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