It is well known that the Real Estate fallout of 2008 did not impact Honolulu as hard as most of the United States. There are many reasons for that. Many of the areas of Oahu that did see a fall in value has experienced a recovery of value. We know this because we track home prices. We are not talking about Assessed Value, we are talking about Market Value and this is established by the prices that Sellers and Buyers agree upon in real hard dollars.
Over the years, interest rates have fallen to the lowest rates many of us have ever seen. Home prices are also near their lows, even with the recovery that has taken place. They are still far off their "Real Estate Boom Highs", but when combined with today's low interest rates, many home buyers are really getting their money's worth!
There are easily a couple of thousand properties for sale on Oahu, as of this writting. They range in price from a couple of hundred thousand dollars to we over $32,000,000. There are also well over 200 homes priced over $1,500,000. These are real homes. Many of them can be considered Estates complete with the electric gates and uncompromising quality and some are more of a simple Island Style with a View that will make you melt and think "I could live here".
My partner and I would love to share these homes with you. If you would like to see them, please call Gayle to set up a showing appointment at (808) 388-1485. Let her know the areas and price range you are interested in. You may also call me (Mike) directly at (808) 630-1828 anytime.
Happy House Hunting!
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