Honolulu County IS full of rich history and most interesting is the the King Kamehameha Statue and Iolani Palace. Iolani Palace is a National Historic Landmark and listed on the National Register of Historical Places. The original palace was built in 1845 during the reign of Kamehameha III.
Iolani Palace is the only royal palace used as an official residence by a reigning monarch in the United States. Make sure and visit the Iolani Palace and see the magnificent feather cloak of Kiwala'o, the Crown Jewels, the Chamberlain's Office and other treasures of the Monarchy period.
The King Kamehameha Statue was cast in Paris by an American artist T.R. Gould and located in front of Ali' Iolani Hale (currently the home of the Hawaii State Supreme Court. King Kamehameha unified the Hawaiian Islands. Even under strong Western influence his government kept peace and the traditional Hawaiian values in place. The statue was dedicated in 1893 as part of King Kalakaua's coronation ceremony.
Let's take a look at the past month for the Honolulu Housing Market.
April 2011 for Honolulu Home Sales
Inventory is a LOT lower than a year ago with Prices are slowly regaining ground and went up from $565,000 to $585,000 in April 2011. Number of sales went down from a year ago as there were 229 single family homes sold compared to April of 2010 at 285.
Take Note:
Our market is improving since the beginning of the year and continues to improve.
INVENTORY is LOW which allows our home sale prices to remain stable.
Interest rates have gone down this past week too!
If you believe that you are ready to buy and your circumstances are favorable now is the time to purchase that dream home. Prices are lower but slowly regaining ground. And when interest rates start going up the difference in the math shows that your monthly payments will be significantly higher.
You should really consider the reasons why you are buying. Do you want to have a stable home to bring up your family? Are your finances in order and will allow you to take advantage of lower prices and great interest rates?
If the answers are yes....then you know it's the right time.
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