Oahu Single-family Home Price in December Ties Previous Record
December 2013 single family home price is back to it's 2007 glory. What does that mean?
It means the home price is trending up, and this is only the start. Real estate market goes up and down. Our market crashed in 2008, which means we're now heading toward more expensive real estate price. Even with all these ups and downs, Hawaii real estate always end up ahead. We have an endless supply of buyers from all over the world. We're almost immune to price slum.
If you've been sitting on the fence waiting for a better market to sell your property, now is the time to make the move. East Oahu sees a higher price increase than west Oahu, so consider your moves.
Buyers, you got to make the move fast when prices are still climbing up-slope. With some market knowledge and negotiation and luck, you'll find your perfect home at an affordable price.
Sales volume still low, but likely due to low inventory.
"The median price of a single-family home in Honolulu in December tied its previous record of $685,000 set in July 2007, according to figures released Tuesday by the Honolulu Board of Realtors."