Digerati Bell Weather May Ring In A Good Future For Honolulu
November 5th, 2009 categories: For Buyers, For Sellers
Little Atherton California’s housing market may be a precursor for good things in the Honolulu housing market. A recent Wall Street Journal article points out that the Atherton housing market has been a bit slow over the last few years, but recently there may be signs that things are getting better.
“But behind that slowdown there has been more activity than meets the eye. Since May, Silicon Valley-ites have jumped back into the Atherton market, lured by the lower prices. Of the dozen or so Atherton homes sold for more than $5 million this year, 10 were completed in May or after, according DataQuick’s analysis of public records. Last month, one newly built home sold for around $14 million. The builder, Jeffrey Wise, says the 10,000-square-foot white-clapboard house was snapped up before it even went on the market.”
CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE
The technological power wizards from Silicon Valley are known to like trophy wives, cars and properties. Given the good values available in Honolulu and Hawaii’s upper end real estate markets, it follows that confidence in Atherton could mean more solid buyers buying at today’s good prices.
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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Hmmm, trophy wife in Silicon Valley. Sounds o.k. Then I wouldn’t have to show 56 houses to buyers from Florida! Good luck with your emerging market.