Just like the stock market, where there are opportunities in both bull and bear markets, the same holds true for real estate. As the Big Island real estate market has begun to change—opportunities arise for both buyers and sellers.
2012 vs 2011 Big Island Sales
And the market is changing. Just take a look at Hawaii Life’s Big Island sales year over year. Sales are up 47%!
2012 2nd Quarter Hawaii Life Big Island Sales
2011 2nd Quarter Hawaii Life Big Island Sales
As I mentioned inmy last blog, investors are sitting on cash due to May stock market sell-offs; some of these investors could be seeking portfolio diversification in Hawaii Real Estate. Also, Naysayers believe we have hit the bottom of the real estate market and things are ticking up.
For Big Island Sellers, Summer 2012 could be a great entry point to take advantage of the uptick and get your home in front of buyers with cash.