The Oahu real estate market showed a marked improvement in September

September sales statistics show a marked improvement in home sales as well as home values on Oahu.  According to the Honolulu Board of Realtors there were 244 single family homes and 345 condominiums sold in September 2009, up over 13% from September 2008.  While home sales in general in 2009 are at a 10 year low, September’s sales data definitely represent a bright spot for the Oahu real estate market.  Low home values, the first time home buyer tax credit and historically low mortgage rates are seen as instrumental in boosting the Oahu real estate market.  Time is running out to take advantage of the First Time Home Buyer Tax Credit and sales should remain steady through November when the tax credit expires.  If you would like to take advantage of a buyer’s market on Oahu contact John Riggins today.

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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