Thinking about downsizing? The condo market might be worth a look!
At one point of life, there comes a time when maintaining a single family home no longer fits your lifestyle. Whether the kids have moved out, stairs are becoming problem, or you’re tired of ongoing maintenance and repairs, downsizing to a condo or townhouse can be an appealing option!
Why Today’s Condo Market Stands Out
Today’s condo market with high inventory may offer an opportunity for buyers. The increased number of condo listings means more choices and, in certain cases, more negotiating power than before.
Enjoy a Simpler Lifestyle
Besides the market conditions, the condo offers the benefits of less exterior upkeep, and using the amenities such as fitness centers, pools instead of spending time on the yard and home.
Although some HOA fees are higher than few years ago but downsizing can be an opportunity to simplify less worried and have more free time to enjoy life.
If you are wondering whether it’s a right time to make a move, it may worth to exploring the condo market. The right opportunity could provide both financial and lifestyle advantages.
Current Oahu Market Snapshot
As of today there are only about 870 single family homes on the Oahu vs 2710 condos!
Hawaii Kai condo and townhome price is from $479,000 to $1,695,000.
Kakaako condo price from $270,000 to $12,000,000.
Downtown condo price from $200,000 to $1,300,000.
All numbers are based on active MLS listings.
Which area you have in mind? If you’re looking to downsize and are curious what your home is worth, get a free property value estimate here. Please call me for more details or if you are interested for more information.
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