web
analytics
                    

Locations LLC presents

              MoreHawaii
 

       Hawaii Real Estate Indicators
                     A QUARTERLY REPORT ON THE REAL ESTATE INDUSTRY

                SECOND QUARTER
2018
            (inserts from the latest edition)

           Oahu single-family home and condo median prices
          rose in the second quarter of 2018

        

Oahu Real Estate Report - July 2018

As median home prices continue to rise, more sellers are beginning to test the waters. Active listings for both single-family homes and condos are at their highest levels since March 2012 and November 2011, respectively. Months of Remaining Inventory (MRI) for both single-family homes and condos also increased, pushing both to 3.3 months. MRI is the amount of time it would take for all current inventory to sell if no new inventory be-came available. A balanced market is considered to have six months of remaining inventory.

Market areas that have seen especially high demand in the past 12 months include Ewa, Mililani and Pearl City-Aiea. These market areas have high bid-ups, very low Days on Market and very low Months of Remaining Inventory, for both single-family homes and condos. With median prices in these areas hovering around Oahu’s overall single-family home and condo median prices, these market areas are particularly attractive to first-time homeowners.

 

   

The Hawaii Economy
The Hawaii EconomyThe Hawaii Economy
 

 for a 2018 monthly Report on

                                                              

   
The inventory on Oahu ~ still at low levels thru the 2nd quarter of 2017...

The inventory on Oahu is still at record low levels beginning in 2014...

 
This should give you something to talk about; 
the bottom line ~Now is not a time to wait!
 

Combined with today's interest rates, which maximize buying power and have brought more
buyers into the market, these inventory levels are changing the playing field for buyers and
sellers.

What this means for home sellers:

  • Now is the time to sell, while the market is strong. Properties are selling quickly and getting top dollar.
  • If you’re selling to buy another property, you want to do that before the real estate market rises to its next peak.
  • An experienced Locations LLC agent can make sure your property is priced correctly in this active market, so that it will
    attract the most offers.
  • Not sure what your home is worth? Get a free market analysis today of what your home can sell for.
  • Email your trusted Locations LLC agent today ~ Jim@MoreHawaii.com

What this means for home buyers:

  • For buyers today, the market is very competitive at all price levels.
  • The Oahu real estate market is a very different environment than it was a few years ago, even a year ago.
  • To place a competitive bid, buyers need to be pre-qualified.
  • Homes are selling fast, so buyers need to stay on top of new listings. You can receive special alerts when a new home that
    meets your criteria comes on the market. Use the power search at Locations LLC and save your search to sign up for
    personalized email alerts from our neighborhood experts.
  • At Locations LLC, our agents receive special training on competitive markets and how to win the sale in multiple offer
    situations. Let them help you successfully buy the property you want.

diamond bar

         

                                       

   In the Overall Oahu Market...  
The Oahu Market begins 2014 on a strong footing 
 
                                 A balanced market is generally characterized by 6-10 months of inventory remaining...

                     ~ Take advantage today and call your Real Estate Specialist Jim More (R) CRS at (808) 222-3949 ~

 

           

"Experience MoreHawaii ~ my clients come first"
"Experience MoreHawaii-my clients always come first"
"Experience MoreHawaii ~ my clients come first"


                         James S. More   

                             Realtor-certified residential specialist-direct line: (808) 732-5069               

                         

email jim@MoreHawaii.com 

Why settle for Less when you can have ...MORE           

               

                                                    A Hawaii real estate company with "The Perceptible Difference"      
                                                                                        with listings and sales of Waikiki and Honolulu real estate
 

                              Locations LLC is an independently owned and operated Hawaii real estate company and a member of the Honolulu Board of Realtors