By David Buck – A little over a year ago, the Honolulu Board of Realtors started releasing their monthly stats in 2 parts. The first was the overall market reports and the second was the local market updates. The later wasn’t released until the 2nd half of the month, which is why my articles were hitting so late. I’ve decided to break them out in 2 parts as well going forward. A few weeks back I wrote about the strength of the condo market here in March.
Today, we’ll recap the strongest regions on Oahu for Buyers and Sellers. Going on the concept of “buying low and selling high,” I’ll highlight which areas were Hot, whether you were Buying or Selling.
Here’s a recap of March real estate trends on Oahu:
Neighborhoods “Hot” for Sellers
- Home sales in Moanalua–Salt Lake were up 400%
- Home prices on the Windward Coast were up 123%
- Condo sales in Waialae–Kahala were up 500%*
- Condo prices on the North Shore were up 93%**
Neighborhoods “Hot” for Buyers
- Home sales in Hawaii Kai were down 68%
- Home prices on the North Shore were down 19%
- Condo sales on the North Shore were down 80%**
- Condo prices in Kaneohe were down 17%
* In Waialae-Kahala, there was only 1 sale in March of 2012, which really threw off the data.
** There was only 1 condo sale on the North Shore in March, which also threw off the data.
Please consider these are broad overviews for regions on Oahu. To find out what is happening in your neighborhood, contact one of our great Realtors on Oahu to see what is going on in your market, and if now is the time to buy or sell.
David E. Buck, BIC was born and raised in Hawaii, growing up on both Oahu and Maui. He is a 2nd generation real estate professional and 3rd generation businessman in Hawaii. He graduated from Punahou School and went on to earn his degree in Environmental Analysis and Design from the University of California at Irvine. His hard work didn’t stop there. He went on to become a Honolulu Firefighter. After 7 years of two careers “putting out fires” figuratively and literally, David made the decision in 2007 to sell real estate full time. However, he still carries on the Honolulu Fire Department’s motto of Pride, Service and Dedication to servicing his clients’ needs.Get in touch: (808) 371-3509, Blog , Email , Website , Twitter , Facebook
What's with all the links to HAwaii Life? Do they sponsor this site?
So just because they linked to a related site it means they are sponsored by it?
I really had no idea that in this area there are times of the year when it is better to buy or to sell. Well, what can I say, I have mostly been a renter all my life and, from this point of view, there has to be something available for people like me on the market for the whole year round. Or maybe it is because I am always contacting <a href="https://www.buenavidaestates.org” target=”_blank”>www.buenavidaestates.org whenever I need to find a new place.
My old house had a beautiful green yard in the back, a reason why the price went so high for it. There is a way in which we can make houses reach high standards, you only have to order from the best suppliers and make sure everything is clean, modern and remodeled. And if you can add up some ecological responsibility in between, that is even better.
Yeap, this is the main recipe to sell a house to a bigger price. Too bad that people don't understand that and they call luxury some normal conditions.
To find out what is happening in your neighborhood, contact one of our great Realtors on Oahu to see what is going on in your market, and if now is the time to buy or sell.
And hope realtors give you facts besides the bull of how lovely Honolulu is & "■Home sales in Moanalua-Salt Lake were up 400%"
Military bases are included in this stat. and you realtors forget that the sewage system sucks. Fact is; 5,000 gallons of sewage water spills into Honolulu Harbor
Tropical Storm Ana causes major waste water spill
Read more: https://www.kitv.com/news/5000-gallons-of-sewage-w…
So Dari, some of your guys are full of it.
His hard work didn't stop there. He went on to become a Honolulu Firefighter icon brickell rentals
Wow, superb blog format! How long have you been running a blog for? you make blogging glance easy. The whole glance of your website is great, let alone the content material!
Thanks to share with us the information. I wish you good luck!
After 7 years of two careers "putting out fires" figuratively and literally, David made the decision in 2007 to sell real estate full time
Wow this is an awesome place and I really like to buy it. many people have great desires to get the best home in their desired lovely areas. This is the dream home for many people because of its luxurious beauty. homes for sale Sedona AZ is also a great way to get the best home.
He paid with a government debit card? Really? That seems a bit unrealistic.. Also, the name John Smith isn't very trustworthy either. I call bullshit on this story ….twitter marketing
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