RealtyTrac’s latest numbers are out for February of 2010
As foreclosures continue to rise on Oahu, there will be more and more REO’s or lender owned properties coming back on market. Once properties are listed as an REO, they are typically priced well and sell fast.
Ewa Beach and Kapolei have consistently been at the top, as they were in January and in 2009. Four of these five on the list are on Leeward or West Oahu. Waikiki was the only area in town to make the list.
Good question Keahi. That segment of the market has definitely taken the biggest hit due to lack of available financing for those products… Good news for buyers that do have cash however!
HAWAI'I LIFE
I wonder how much of Waikiki is driven by condo-tel forclosures?
Aloha,
Keahi
Good question Keahi. That segment of the market has definitely taken the biggest hit due to lack of available financing for those products… Good news for buyers that do have cash however!