Locations LLC presents      

MoreHawaii

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

                 FOURTH QUARTER
2016
             (inserts from the latest edition)

        

                   The number of homes and condos available for sale has remained at historically low levels for the
                        past several years.  Low inventory is one of the main factors driving the competitive market.

   
 

            

The Hawaii Economy
The Hawaii EconomyThe Hawaii Economy
 

 

 for a 2016 monthly Report on 

November-2016 real estate market report

4th Qurarter-2016 real estate market report

   
 

    

    
         - Condo Market Outperforming Typical End-Of-Year Trend -
- Condo Market Outperforming Typical End-Of-Year Trend -
            Reduced Inventory  for sale and Competitive Bidding Continues to Push prices up
 
HONOLULU – (December 5, 2016) – Locations-Hawaii's trusted leader for the most current, accurate real estate data-
published its Oahu Residential Real Estate Report November 2016. The report, which analyzes sales activity for more than
than 350 Oahu neighborhoods, shows Days on Market remain invariable and bid-ups are at peak levels in all price ranges
under #1 million. As compared to the same time last year, the new data signals potential for more aggressive conditions
and price increases in the condo market heading into the end of 2016.
 
 
 
 

-The Oahu Market continues on a strong footing-
The Oahu Market begins 2014 on a strong footing
 

 
  The residential real estate market is showing increased strength in first quarter 2016, compared to the same period last year.  Bullet points:  
     

•
 
 2016 is off to a very strong start.  Market indicators show continued strong demand with increased sales, rising prices, lower remaining inventory, and more properties being bid-up over asking price.  This suggests continued strong sales and continued upward pressure on prices  
• The condo resale market is selling faster in lower-priced markets, including Leeward, Salt Lake & Makiki.  
     
• For both Oahu homes and condos, median prices and number of sales are up.  First quarter 2016 median
prices are $725,000 for SFH, up 5%, and $380,000 for CND, up 3%.  Sales pace increased 17% for SFH
and 14% for CND.
 
     
• More homes are selling in all price ranges and market areas.  Home sales above $2 million are showing
positive signs early in 2016, with increased sales and lower times on market. In 2016 Q1, 1 in every 8 homes sold over $2 million was bid-up over asking price.
 

    

The inventory on Oahu ~ still at low levels thru the 1st quarter of 2016...

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 of what your home here.
  • 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 ~614 Kapahulu Avenue Suite 200~ Honolulu, Hawaii  96815 

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