Some Honolulu Homes Selling…Very Fast!
November 4th, 2009 categories: For Buyers, For Sellers
As a Honolulu Realtor, I am always looking for the right home for the clients that I am working for. In the last week, I saw two Honolulu homes come on the market that might meet the needs of two of my buyers. It is amazing to note that both sold within days of coming in the market! One was located in Nuuanu and the other in Hawaii Kai.
CLICK HERE FOR A MLS FACT SHEET ON THE NUUANU HOME
CLICK HERE FOR A MLS FACT SHEET ON THE HAWAII KAI HOME
Why did these homes sell so much faster than other homes?
1. They were in the Honolulu market’s financial sweet spot. Many times in the past I have said that there is a great deal of strength in good quality homes that are priced under $1,000,000. These were priced at $949,000 and $799,000 and therefore right where many local buyers are looking.
2. They showed very well. Both homes were in very good condition, most buyers considering one of these could have moved right in without updating or making any change.
3. They were located in core Honolulu. As referenced in past posts, the core of Honolulu is where the vast majority of Oahu residents would like to live. Since these homes were within this area, their quick sale is reflective of the strong demand for these core locations.
4. They were located in very desirable school districts. Maemae Elementary and Hahaione Elementary are both pubic schools that many people believe to be acceptable alternatives to sending their kids to Honolulu’s expensive private schools. These schools allow attendees to save as much as $17,000 to $18,000 per year in private school tuition.
In summary, for the right properties, in the right locations, the Honolulu market is very healthy and strong. I believe that this strength during the current financial uncertainty that we now find ourselves in, means that when the market strongly turns, this core section of Honolulu will see robust appreciation rates.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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Both beautiful homes that were newly remodled. And in great areas as you said. Seller’s must be thrilled.
It must the the seller’s lucky day to have found these homes.