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Locations LLC presents

              MoreHawaii
 

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

                THIRD QUARTER
2017
            (inserts from the latest edition)

        

                                 Oahu Condominium Median Price Soars to Record High in July
                                          New listings increase for both single-family homes and condos

HONOLULU – (August 2, 2017) – Locations – Hawaii’s leading real estate firm – published its Oahu Residential
Real Estate Report for July 2017. The report, which analyzes sales activity for more than 350 Oahu neighborhoods,
concludes that the Oahu real estate market is continuing to show strong and steady growth, with increasing sales
figures, rising prices and a competitive buyer’s market in July with Days on the Market remaining at near-record 
lows.

                                               Oahu Real Estate Prices Hit Record Highs in June 2017              
                                        Single family home prices reached $795,000, while days on market hit a record low
                                                                  of 14 days for both single family homes and condos.

HONOLULU – (July 5, 2017) – Locations – Hawaii’s leading real estate firm – published its Oahu Residential Real
Estate Report for June 2017. The report, which analyzes sales activity for more than 350 Oahu neighborhoods,
concludes that the Oahu real estate market is continuing its strong and steady growth as new record prices were
reached for single family homes in June at $795,000, with increasing sales figures and the lowest days on market.
Locations presents the following highlights of the Oahu real estate market:
• Single family home median price hits all time high at $795,000. The previous record of $760,000 was
   last reached in June 2016 and February 2017.
• Days on market hit a record low of 14 days for both single family homes and condos.
• Condo bid-ups at highest level ever in June, with 27.1% of condos being sold for over asking price.
• Condo active listings are increasing, and have risen above last year’s count for the first time in almost 3
   years.
“The Oahu real estate market continues to reach new highs as demand simply exceeds the available inventory,”
says Scott Higashi, President and CEO of Locations. “Historically, summer months are when we see the most
activity, so we anticipate the competitive market to continue to drive prices up and consume inventory at or near
record pace over the coming months especially as interest rates remain below 4%.

 

   

The Hawaii Economy
The Hawaii EconomyThe Hawaii Economy
 

 for a 2017 monthly Report on

                                                              

   
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