Prices for convenient, in town, condos are up 9.1% ($324,000 ) over August of last year while single family home prices have fallen 1.4% ($715,000) since last year! The total number of sales in Metro Honolulu is up since last year and the best buys are still being scooped up quickly by savvy buyers. Honolulu is the hub of the islands and a wonderful place to live. And, there’s never a dull moment. Over the last few years, we witnessed prices leaping upward due to the lack of inventory and buyer’s making multiple offers on those that were available. But now there are many more choices for buyers and inventory is taking much longer to sell. Now is a great time to buy! Metro Honolulu covers the neighborhoods of Moanalua, Salt Lake, Kalihi, Nuuanu, Downtown Honolulu, Ala Moana, Kakaako, Makiki, Moiliili, Kapahulu and Waikiki. For More info on Custom Homes… in Hawaii call 808-283-4138 Michele Dempster
Posted by: hawaiirealestate | October 12, 2007
Hawaii Real Estate Market conditions
Posted in Market Conditions
