Median priced Oahu home
The University of Hawaii Economic Research Organization expects home sales and prices to edge up in 2011. Positive factors of tight property inventory, consumer confidence, and expected personal income growth continue to play a vital roll with the forecast.
These experts forecast for the island of Oahu prices to increase by 4.3% in 2011, in 2012 an additional increase of 5.7%, and still another increase of 8% in 2013. That will bring the median price for a single family home on Oahu to $718,000 by the end of 2013. Similar increases for condominiums are also projected.
For additional information the Star Advertiser has posted an article, Economy Shows Sparks Of Life, on Sunday Jan 2, 2011.