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    April 11, 2021
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hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com HAWAI'I LIFE IEAL ESTATE BROKEES Interesting Stroll Down Memory Lane.... Aive Jan 20 Medted tst O 2000 Sel tst gr der Contrctand Day te sale Medan St tr 200 Under Contract Peddeman Ave and MedanSledansdedian O 2/ty availle Area 2020 Medan O tst 2021 12021 hawaiianrealty.com S. Hile 10046500 83429500 54/477577 850 332/112 58639500 850000 95/90000 Looking back at my musing as we began the lock-down around this time last year, I was more concerned about homeowners Denise S. Nakanishi taking proper steps to protect their biggest asset. Of course, RB-17031, ABR, CRS, GRI, SRS none of us knew what to expect. Most. I'm sure, thought the COVID crisis would last oely a few months, There's no way any of us could have predicted or expected the bizarre spike in real estate sales that followed. The 2020 data included 800-667-5028 ext. 8122 HPP 116339000 47/319500 95/72 412/79 32/376500 103/362000 Ainaloa 24214750 23/207000 19190000 55/75 20805 192400 52/245000 31/250000 "Major Mom is a Major Difference" Nanawale 12/154500 12130000 2/97500 796 24/14 6217500 61/159500 818820 Mauna Loa Est on the chart reflects pre-COVID sales hence it fairly Royal Man, Oha BEST represents the pre-COVID market. Compare those to Pacific Paradise 23/206083 9/240667 3286500 93 40/18 15/249667 10/283075 3/317000 4/232000 1/216000 1/199000 02 1/265000 2/302500 2302500 Hawaii today's numbers and it's a statistic that's difficult to k wrap your head around. Consider especially current inventory levels. At this time last year, Hilo had 102 Gardens Volcano Gott & Country Club 2020 22/119390 7240000 4200 122/76 248 3450000 S20000 5298000 East iPiicral homes for sale. There are now about half that many. Taced with owindiang lot inventory, This of course, means lot on demand will increase. There are many reasons to believe This lack of iventory has driven prices up over 25%. pricces are creeping up which in turn means buyers will be paying they will be back. So, what's a buyer to do? Your best chance of Every neighborhood I track shows a similar trend. Projected more across the board. I'm often asked where buyers are coming success is to find the busiest listing agent you can. Let them know demand (see chart) considers homes under contract along with from. While many are West Coast and Oahu buyers, local buyers you are in the market. They are in the best position to expose you those not yet moving to close (active). The reality is that most are stil in the mix. Local buyers rely heavily on zero down loan to new inventory. Most sellers favor a buyer who has personally homes under contract will sell which severely reduces the supply programs which makes it more difficult to compete. Watch this. viewed the property. Be ready to pull the trigger because it doesn't number Of course, a lower supply puts upward pressure on Japan buyer activity dropped 61%* last year while Korean buyer seem things are going to change any time soont cell 936-5100 majormom@ilhawaii.net pricing. Builders are building as fast as possible but most are activity dropped by 70%" which means once they return, pressure "omation provided by Hawai intormation and eported by Pacie usiness Niws FIND MY COLUMN EVERY SUNDAY OF THE M ONTH. Watch "HAWAII LIFE" on HGTV! hawaiianrealty.com hawallanrealty.com hawalianrealty.com. ha waiianrealty.com hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com HAWAI'I LIFE IEAL ESTATE BROKEES Interesting Stroll Down Memory Lane.... Aive Jan 20 Medted tst O 2000 Sel tst gr der Contrctand Day te sale Medan St tr 200 Under Contract Peddeman Ave and MedanSledansdedian O 2/ty availle Area 2020 Medan O tst 2021 12021 hawaiianrealty.com S. Hile 10046500 83429500 54/477577 850 332/112 58639500 850000 95/90000 Looking back at my musing as we began the lock-down around this time last year, I was more concerned about homeowners Denise S. Nakanishi taking proper steps to protect their biggest asset. Of course, RB-17031, ABR, CRS, GRI, SRS none of us knew what to expect. Most. I'm sure, thought the COVID crisis would last oely a few months, There's no way any of us could have predicted or expected the bizarre spike in real estate sales that followed. The 2020 data included 800-667-5028 ext. 8122 HPP 116339000 47/319500 95/72 412/79 32/376500 103/362000 Ainaloa 24214750 23/207000 19190000 55/75 20805 192400 52/245000 31/250000 "Major Mom is a Major Difference" Nanawale 12/154500 12130000 2/97500 796 24/14 6217500 61/159500 818820 Mauna Loa Est on the chart reflects pre-COVID sales hence it fairly Royal Man, Oha BEST represents the pre-COVID market. Compare those to Pacific Paradise 23/206083 9/240667 3286500 93 40/18 15/249667 10/283075 3/317000 4/232000 1/216000 1/199000 02 1/265000 2/302500 2302500 Hawaii today's numbers and it's a statistic that's difficult to k wrap your head around. Consider especially current inventory levels. At this time last year, Hilo had 102 Gardens Volcano Gott & Country Club 2020 22/119390 7240000 4200 122/76 248 3450000 S20000 5298000 East iPiicral homes for sale. There are now about half that many. Taced with owindiang lot inventory, This of course, means lot on demand will increase. There are many reasons to believe This lack of iventory has driven prices up over 25%. pricces are creeping up which in turn means buyers will be paying they will be back. So, what's a buyer to do? Your best chance of Every neighborhood I track shows a similar trend. Projected more across the board. I'm often asked where buyers are coming success is to find the busiest listing agent you can. Let them know demand (see chart) considers homes under contract along with from. While many are West Coast and Oahu buyers, local buyers you are in the market. They are in the best position to expose you those not yet moving to close (active). The reality is that most are stil in the mix. Local buyers rely heavily on zero down loan to new inventory. Most sellers favor a buyer who has personally homes under contract will sell which severely reduces the supply programs which makes it more difficult to compete. Watch this. viewed the property. Be ready to pull the trigger because it doesn't number Of course, a lower supply puts upward pressure on Japan buyer activity dropped 61%* last year while Korean buyer seem things are going to change any time soont cell 936-5100 majormom@ilhawaii.net pricing. Builders are building as fast as possible but most are activity dropped by 70%" which means once they return, pressure "omation provided by Hawai intormation and eported by Pacie usiness Niws FIND MY COLUMN EVERY SUNDAY OF THE M ONTH. Watch "HAWAII LIFE" on HGTV! hawaiianrealty.com hawallanrealty.com hawalianrealty.com. ha waiianrealty.com