 |
|
|
|
| News & Blog | ||||||||||||||||||||||||||||||||||||||||||||||
 September, 2020 « Next month - Haleiwa/Northshore zip code was #1 in state for median home price. (9/30/20) - Covid boosting new home sales. (9/29/20) - Could mortgage rates go lower? (9/29/20) - Low mortgage rates helping sales prices. (9/28/20) - U.S. home sales hit 14-year high. (9/28/20) - Existing U.S. home sales increased in August. (9/27/20) - Nationally, July home prices increased year-over-year. (9/27/20) - The continuing saga of people moving out of cities. ( 9/22/20) - Happy Labor Day! (9/7/20) - The sales figures for August for the Oahu real estate market have been released by the Honolulu Board of Realtors®. Here is a single-page set of charts showing the last 12 months of data. It was a positive month, but with a slightly split personality. The median home price set a new all-time record, but the condo median price pulled back a little from last month, though it was still higher than a year ago. Sales volume was mixed for the two property types. Inventory of homes is extremely low, but condo inventory is average. Pending sales volume looks very strong for both homes and condos. (9/6/20) - Interesting possible Oahu Covid storyline is the surprising high-end Northshore oceanfront activity in the last seven months. It may be connected to mainland buyers leaving troubled markets. In 2019, from February through August, there were 4 closings over $2M. In 2020, from February through August, there were 16 closings over $2M. A four-fold increase! And, if you add the three homes currently in escrow, it's almost a five-fold increase! The median price for the over-$2M Northshore oceanfront market segment was $2.9M, the average price was around $3.7M, and the highest closing was for $9M. Definitely an interesting time to be a seller of Northshore oceanfront property. (9/2/20) - Well, we're back under lockdown again, and whatever you think about it, hopefully you're spending it with someone who makes you smile like this. (9/1/20) - To learn more about our 50% Hawaii Commission Buyer Rebate* and the savings it offers buyers on their real estate purchases, including Honolulu homes and Waikiki condos, properties from Honolulu to the North Shore, Kailua to Kapolei, and across all Oahu, please click here. |
|
|||||||||||||||||||||||||||||||||||||||||||||
