Is The Honolulu Real Estate Market On The Rise?

April 26th, 2010 categories: For Buyers, For Sellers, The Market

We Realtors feel moves in the market before they are reported and it was good to see confirmation of increased sales activity in an article written at the New York Times on-line.

“Over all, the sales of new single-family houses in March were up nearly 27 percent at a seasonally adjusted annual rate of 411,000 units, the Commerce Department reported. The increase, which was against a revised rate of 324,000 for February, exceeded expectations.” CLICK HERE TO READ THE ENTIRE NEW YORK TIMES ARTICLE

Based on the activity in the market and on my listings, I believe the April statistics are going to show an increase in sales in Honolulu homes and condos. It seems to be focused in market segments that are of interest to local buyers, however, I am seeing more interest from off island buyers too. Have we seen increasing prices? The short answer is yes…in most cases, however, there are some areas and buildings that have yet to seen incremental appreciation. Overall, I think the market has bottomed and heading toward higher prices.

SEARCH FOR YOUR HONOLULU HOME

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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This entry was posted on Monday, April 26th, 2010 at 9:17 am and is filed under For Buyers, For Sellers, The Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.