Honolulu Led Nation in Housing Rebound for January
I had a feeling our numbers were strong in January when I wrote a post about Oahu’s home sales recently. However, I didn’t realize how strong they were.
A recent Associated Press article in the Star Bulletin titled Isle home sale surge leads nation said that Honolulu had the highest precentage change in number of transactions in the nation!
We led with a whopping 65.18% increase over 2009. Orlando, FL was second with a 52.35% increase and Burlington, VT was third with a 40.38% increase.
Some Honolulu neighborhoods and buildings are coming back. There’s been in big bump up in buyer traffic the last few months. We’ll see whether or not it will be sustained. I don’t think we’re off to the races with appreciation quite yet. One flip side, I also don’t think we’ll be going much lower unless we get hit by a tsunami….
People are actually buying foreclosures… With banks making it very hard to get a loan and the economy in the shape it’s in… How can any locals buy property? Lots of Canadians are here… Wait till the 8k credit goes away… I think prices are going down… check out http://www.patrick.net for more info…
HAWAI'I LIFE
Wow! That’s pretty strong.
So now the question is, David, have we hit rock bottom and is the market coming back?
Some Honolulu neighborhoods and buildings are coming back. There’s been in big bump up in buyer traffic the last few months. We’ll see whether or not it will be sustained. I don’t think we’re off to the races with appreciation quite yet. One flip side, I also don’t think we’ll be going much lower unless we get hit by a tsunami….
Thanks for the confirming number. It is great to see the resilience of our market.
Aloha,
Keahi
People are actually buying foreclosures… With banks making it very hard to get a loan and the economy in the shape it’s in… How can any locals buy property? Lots of Canadians are here… Wait till the 8k credit goes away… I think prices are going down… check out http://www.patrick.net for more info…