Oahu Real Estate: Sales Keep Increasing
Oahu at Sunset, courtesy of Creatas Photos
Sales were up in June on Oahu and recent reports say that July was up too. According to national real estate reports, presented by NAR (National Association of Realtors) real estate sales have been on the rise and June was the 5th month in a row where pending real estate sales were on the rise. Great news for the real estate market in Kapolei, Oahu and the United States in general. There were 265 single-family homes sold in July, compared with 251 in July 2008, according to the Honolulu Board of Realtors. Ewa Beach and Kapolei have been leading the charge in sales of single family homes, demonstrating the desirability of the area.
For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.
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August 19th, 2009 at 11:39 am
[...] Oahu real estate prices, whether they have reached bottom or not have fallen significantly. Often those who are waiting for an absolute bottom miss the boat because the bottom isn’t known until it is passed. A recent article in the Star Bulletin has experts giving their opinions on Hawaii real estate. John Riggins was quoted in the article as saying “In Ko Olina we’ve seen properties that sold for $1.5 million a year ago sell for $825,000 today, and some Kapolei properties that changed hands for $900,000 are now closer to $600,000.” Hawaii real estate experts don’t appear to fully agree on whether we have hit bottom or still have a ways to fall. Mainland real estate sales are seeing a rebound but Hawaii’s real estate market is not expected to be on the rebound yet. What does this mean if you have been interested in Oahu real estate? Now might be the time to start looking before the market rebounds and you can get a deal on Kapolei real estate. [...]