If you are planning a Hawaii Military Relocation to Honolulu County in a few months or even a year down the road, there is no better time to start planning than right now.
You can be proactive in your property search for purchasing real estate now by getting in touch with a Realtor® who knows about the VA Transaction Process and can assist you with your Hawaii Military Relocation.
This Realtors® Perspective: Hawaii Military & the VA Loan is one article I wrote so you can see how the VA transation process works. As a former military dependent for most of my life I know what it's like: Military Transfers & Relocations to Hawaii: A Geographical Shock
To start with your property search this agent will go through your criteria with you and then set you up with your own personal web page with an Oahu and Surrounding Neighborhood Search: Relocations Hawaii. And then you can browse through prior articles I've written for other Hawaii Relocation information
There are differences in housing markets between each neighborhood in Honolulu County. Our small island of Oahu is so densely populated that we literally run into each city and neighborhood within....minutes. Our whole island is Honolulu County and the city of Honolulu consists of MANY neighborhoods within each "Area" and you can pretty much figure that most cities and neighorhoods are classified under a postal zip code as well. Below are two maps which will give you a better idea of the different areas in Honolulu County in conjunction with the Honolulu County Military Base you will be stationed.
AREAS in HONOLULU COUNTY
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HONOLULU COUNTY HAWAII MILITARY BASES- OAHU, HAWAII
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So...Is the Honolulu, Hawaii Housing Market Still Shifting? Your decision to purchase will depend on your circumstances. For one, your Housing Allowance is yours to use for paying YOUR OWN MORTGAGE or you can rent and pay someone else's mortgage, the length of time you will be stationed here, the investment you'll be making for your future. These are all things to consider.
The following statistics show past years and up to present. Our housing market differs from neighborhood to neighborhood and as you can see our overall Honolulu County Market Statistics show a stable housing market. The number of sales have gone down over the past year although it did pick up this last quarter and the buyers are purchasing due to the interest rates. (in other words....waiting for prices to go down while interest rates go up is not a wise choice)
Single Family: Median Sales Price
- 2003- $380,000
- 2004- $460,000
- 2005- $590,000
- 2006- $630,000
- 2007- $625,300
- 2008- $620,000 (first quarter)
- 2008- $636,000 (second quarter)
Condos: Median Sales Price
- 2003- $175,000
- 2004- $180,000
- 2005- $269,000
- 2006- $310,000
- 2007- $320,000
- 2008- $330,000 (first quarter)
- 2008- $330,000 (second quarter)
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 in Honolulu County, Oahu, Hawaii!
© 2008 Celeste "Sally" Cheeseman's Hawaii Real Estate and Relocation Blog. All rights reserved.
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Celeste "Sally" Cheeseman is a Realtor-Associate with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents. Website: www.hawaiihomesmarket.com
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Sally great maps too I see. Wow you have got it all covered here. Do you use software to create your own maps?