Wrapping up the year in West Hawaii real estate with this: Rates are falling, demand remains strong and prices are SLOWLY increasing.
Lance Owens, Luva Real Estate and Julie Ziemelis, Real Broker discuss the statistics and trends of the current market. Lance shares where most of the 1031 Exchanges are happening to give you a glimpse into an investment insight!
Here are some stats that can lend some additional info about the current market:
44% of homes in West Hawaii sold at or over list price.
37% closed with cash deals.
48% of condos in West Hawaii sold for at or over list price.
48% closed with cash deals.
45% of land deals in West Hawaii sold for at or over list price.
68% of land deals closed with cash.
Rates dropped a full percentage point in one month, and are forecasted to keep dropping a little by the beginning of summer.
Join our 365Ohana on www.365HawaiiLiving.com if you’d like to purchase a home on Hawaii Island or be referred to agents on other islands!
Eric and Julie Ziemelis offer marketing expertise to home sellers with a large group of buyers from our private Facebook group, our real estate YouTube channel and our extensive email list of potential buyers. For Buyers, we offer expertise and resources to ensure we remove the uncertainly from the experience AND provide a community you can reach into for information about moving and events to help you create friendships when you arrive. A full circle Ohana experience!
We also partner with these fabulous Realtors and mortgage pros to help you buy or sell around the island. Looking for connections? Contact us!
Julie Ziemelis | RS-85062