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Locations LLC presents

              MoreHawaii
 

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

                Fourth QUARTER
2017
            (inserts from the latest edition)

        

                   Strong Sales of Oahu Homes Buck Seasonal Trend

November 2017

Last month, Oahu's real estate market continued its steady rise, with an increase in home values, strong sales for both single-family homes and condos, and low Days on Market compared to a typical October market. Below are some additional insights about the market that I believe you will find helpful. Should you have any questions, please feel free to contact me at anytime.

Key Takeaways
• Sales of both single-family homes and condos were strong in October, with an increase of seven
   and 14 percent, respectively.
• Median prices ticked up slightly for single-family homes and condos over last year, at two and
   one percent, respectively.
• Low Days on Market for single-family homes bucks the typical seasonal trend upward. The
   median Days on Market for Oahu homes in October was just 16 days.
• New Listings for both single-family homes and condos are up by 12 percent – welcome news
   for future homeowners. However, while new listings continue to be up over last year, the number of overall
   active listings is not rising much, as the increase in listings is absorbed by higher sales.

• Sellers of higher-end inventory, such as condos priced above $700,000 and single-family homes
   priced above $1 million
,
can expect properties to remain o
n market a bit longer.

 

   

The Hawaii Economy
The Hawaii EconomyThe Hawaii Economy
 

 for a 2017 monthly Report on

Monthly real estate market report-October 2017

Oahu real estatee market report forSeptember-2017

                                                              

   
The inventory on Oahu ~ still at low levels thru the 1st 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.

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   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