Locations LLC presents

              MoreHawaii
 

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

                 Second QUARTER
2017
             (inserts from the latest edition)

        

                                       Oahu Real Estate Market Growth Shows No Sign of Slowing              
                          Strong sales, rising property prices, and record low days on market continue into June 

HONOLULU – (June 5, 2017) – Locations – Hawaii’s leading real estate firm – published its Oahu Residential
Real Estate Report for May 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 May with Days on the Market remaining at record lows.

   
           

The Hawaii Economy
The Hawaii EconomyThe Hawaii Economy
 

 for a 2017 monthly Report on

 

 
2017 Rings In Record Low Inventory Further Driving Competitive Market
Months of Remaining Inventory is at its lowest point in over 10 years
 The Oahu Market begins 2014 on a strong footing

    

HONOLULU – (February 2, 2017) – Locations – Hawaii’s trusted leader for the most current, accurate real estate
data – published its Oahu Residential Real Estate Report for January 2017. The report, which analyzes sales activity
for more than 350 Oahu neighborhoods, concludes strong demand for Oahu real estate will continue into 2017,
as median price and total sales reach record highs while inventory available is at an all time low ~
lowest point in over 10 years.

  Inventory for sale is at record lows.  Low inventory is one of the main factors driving the
competitive market.  Inventory for sale has remained near historically low levels since 2012.
Demand is very high. Months of Remaining Inventory (MRI) is at its lowest point in
over 10 years. If no new properties come on the market, the current supply of
listings will sell out in less than three months.
Strong competition continues, as more homes and condos are bid-up over their
asking price and median prices are pushed upward. January’s median sale prices are
$730,000 for single-family homes and $398,000 for condos.
Rise in mortgage rates.  Following the presidential election and the Fed raising bank
rates in December, mortgage rates have bounced above 4%. Note: mortgage rates
are similar to that of 2015, and the increase is not expected to have a significant
effect on the Oahu real estate market activity.
   

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 an independently owned and operated company and member of the Honolulu board of Realtors             

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