May 2008 Oahu real estate statistics
As numbers for another month become available, there is good information for Buyers and Sellers to take note of. The numbers of unit sales is down considerably but prices are remaining fairly stable.
For sellers, this means that homes are selling and for those that are priced well, days on market and list price to sale price ratios are favorable. Pricing and market exposure are more important than ever and the best of the best listings are selling but coming in 2nd or 3rd on a buyers choice is not good enough. The good news is that if you have a home to sell, the market is there and if you want to sell you probably can. As always, professional advice, a solid marketing plan and competitive pricing based on the competition in your area will dictate your success.
For buyers, the reduction in units sold has made you Very Important People. You have the ability in this market to make your desires known and use your wide variety of choices to negotiate assertively. When you present yourselves to a seller as someone who is fully capable of performing if you are able to come to terms with the seller, you bring the most powerful argument to that seller. "We'd be interested in purchasing your home, but if we can't reach an agreement, there are others who may."
Here is a link to the most recent stats from the Honolulu Board of REALTORS.
May 2008 Statistics
If you are interested in finding out more about the Kapolei and Ko Olina real estate market, I would enjoy having a conversation with you. If you'd like to learn more about my proactive approach, please be sure to visit me at :
Michael's website
In the meantime... Know your market!
For sellers, this means that homes are selling and for those that are priced well, days on market and list price to sale price ratios are favorable. Pricing and market exposure are more important than ever and the best of the best listings are selling but coming in 2nd or 3rd on a buyers choice is not good enough. The good news is that if you have a home to sell, the market is there and if you want to sell you probably can. As always, professional advice, a solid marketing plan and competitive pricing based on the competition in your area will dictate your success.
For buyers, the reduction in units sold has made you Very Important People. You have the ability in this market to make your desires known and use your wide variety of choices to negotiate assertively. When you present yourselves to a seller as someone who is fully capable of performing if you are able to come to terms with the seller, you bring the most powerful argument to that seller. "We'd be interested in purchasing your home, but if we can't reach an agreement, there are others who may."
Here is a link to the most recent stats from the Honolulu Board of REALTORS.
May 2008 Statistics
If you are interested in finding out more about the Kapolei and Ko Olina real estate market, I would enjoy having a conversation with you. If you'd like to learn more about my proactive approach, please be sure to visit me at :
Michael's website
In the meantime... Know your market!
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