Oahu Real Estate Market Trend 2009

By
Real Estate Agent with Best Homes Hawaii RB-13537

Hawaii's Real Estate Market is holding up brilliantly!  In relation to "parts per million", Foreclosures are low compared to other parts of the nation.  Don't scold me if I am wrong, but I believe there were less than 200 foreclosures last month.  We are ranked really low in the nation.  I think FLA CALIF and NEVADA are the leaders.

If you will look at my 2008 Forecast, it pretty much covers 2009.  Still the same.  This year will be a 4-6% decline in values and the number of sellers are greater than the number of buyers.  This is all based on what the lead bank and real estate economist say.

2010 is still on target for the market to begin it's slow assent.  NOW is TRULY the window of opportunity if a seller wants to move up or if a buyer is ready. 

Example: I have a SMART seller who now has me on the lookout to help him find his family, their next "MoveUP" home.  Once they have purchased and moved to their new home, the husband and his friends will go back to the former house, paint, fix, repair and we will rent it out for a year or two.  When the market has REBOUNDED, they will sell that home.  Of course, there is tax planning to consider, but they have a CPA to consult on that issue.

 

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Hawaii Honolulu County Aiea Waiau
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Rainer
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Maria Cutrona
Staging To Sell by Maria - Canfield, OH
ASP

Aloha!  Bruce: 

I have my ticket to for Hawaii in July, and since my daughter will be moving down for HPU -- I decided well let me see what the market is doing on your neck of the woods.   Yes, you are right they are still standing and prices are still up there... "Wow" 

But are the buyers buying?  I thought if I could purchase a condo that will be a great way to go since she will be there for 2 1/2 years.  Who knows she might love it .. & she might never return!  lol

Well prices are still high and since she is new to the area we suggest moving her to Ohia...  Cheaper fo me for now....

But I was in Hawaii 2 years ago and just love it......  

The Real estate Market Trend is still hold up in Oahu.   Good luck!

 

Maria

 

 

 

May 27, 2009 10:48 PM #1
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Rainmaker
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Bruce Hicks

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