Honolulu YTD Real Estate Statistics
October 2nd, 2008 categories: The Market
This morning’s local newspapers are doing their best to find the negative news in the recently released Honolulu Board of Realtors Statistical Report for September 2008. With all of the bad news in the last two months it is not surprising that median prices have come down. Houses and condos were both back to prices that have not been seen since 2005 ($590,000 and $296,000 respectively).
A little beauty to relax you.
Part of me (the smart-blank part of me), says 2005 was a great year. But the serious section of my brain must put this information into the context of the day and I will concur that a drop in these values is not good for those of you who are selling. However, the guys and gals at the printed media took the low hanging fruit and failed to see some significant information. Here are a few facts that are positive. Read the rest of this entry »
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