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hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com hawailanrealty.com hawaiianrealty.com Getting Back to Normal?? Most professional prognosticators keep saying the current run-up is not a "bubble", Ive always leamed thet a tutble results when prices increase quickly Vfueled by increased demand vwhich resuts in a limited supply V Most definitions also include reference to an economic tactor. Theoreticaly. HAWAI'I LIFE IEAL ESTATE BROKEES Active O Med sted Sold nd e Under Contract an Median d A Day tosale Ped demand Ave and Medan Sold N 2/ty vaille /medians O tst 2021 Under Cortract and median O1 2021 Area 2001 dans 2001 hawaiianrealty.com S.Hile 076000 10494250 S418000 83104 416 133 5863900 8505000 95390000 800-667-5028 ext. 8122 HPP 27400000 98072500 90/372500 8864 392/117 32/376500 103/362000 68/389500 Denise S. Nakanishi that's how this one differs. The only economic factor involved seems to be RB-17031, ABR, CRS, GRI, SRS uber low interest rates. I'm sre you've heard that thte market is over-heated "Major Mom is a Major Difference" Ainaloa 4/287000 37/265000 37/265000 7337 1441 192400 52/245000 31/250000 everywhere. If idaho is hot lor instance) hen Hawai is "Volcanic" (poor pun I koow). Much of our increase is driven not orly by those who have learned they can work trom home so "why not Hawai" coupled by severe lack of inventory. if you look at the chart, there are entire neighborhoods Royal Han, Oha BEST with zero inventory! Builders can'tbuild fast enough and evenif they Pacific Paradise Hawaii could, peting supples and appliances has become a challenge. Last 2020 East Nanawale 4/184250 919s000 9/19s000 859 36/13 6217500 61/159500 8188260 Mauna Loa fst 6/323667 11308584 15/249667 6/323667 9583 24/17 10/283075 3/317000 00 1/302500 4/312500 44 1/265000 2/302500 2302500 Gardens Volcane Gott& Country Club week, my contractor triend saidhe could not get insulation which is now required by our building code (why Most notable is the increase in values in some of the areas generally regarded ted. Many delayed marketing their homes because there was no place to go so is a gamble I'm not willing to take. As I always say, ila seler won't get 10083s00 3010000 130/10 40/3 31450000 S/298000 5298000 mPierad as less active. It makes perlect sense that as prices increased in during Covid. Days-on-market (DOM) is always a strong indicator of market the property ready, then someone else should ist it. Make sense?? Year to Hilo (check out the current median asking pricej, buyers gravitated drection. Athough DOMhas increased in a few areas, low inventory levels wil date increases island-wide show 46% increase in sales numbers and about to HPP and now this demand a bit. Some workers who assumed they would be able to work preparation of homes prior to listing in such a brisk market. Take staging for now, expect to see prices continue to inch up as inventory continues to from home forever are now being told to report to the office. We have already bor instance. A recent article in AARP estimates that staging increases value stagnatel Don'tsee your neighborhood here, just contactany member of Team had escrows and buying trips cancel. Given the employee shortage, it wil between 6-10%. The average seller cost to stage is about $2000 per month Nakanishi and we'l set you up for complete and talored information for any be interesting to see if this trend reverses as employers seek to retain and For this reason and becauseit causes our listings to sel faster, we cover that property on Hawali island! o Ainaloa and Narawale. There is one factor that may change continue to fuel the market. I've been asked why my team insists on detailed 20% increase in price. Time will tell it we are getting back to normal but cell 936-5100 majormom@'ilhawall.net rehire employees. We do expect an increase in inverntory as restrictions are expense. I feel t's always best to get the property completely ready. Not doing "mation provided by Nawali umaton and sorted by Pacitic Busines Niows FIND MY COLUMN EVERY SUNDAY OF THE MONTH. Watch "HAWAII LIFE" on HGTV! hawaiianrealty.com. ha waiianrealty.com hawaiianrealty.com hawallanrealty.com hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com hawailanrealty.com hawaiianrealty.com Getting Back to Normal?? Most professional prognosticators keep saying the current run-up is not a "bubble", Ive always leamed thet a tutble results when prices increase quickly Vfueled by increased demand vwhich resuts in a limited supply V Most definitions also include reference to an economic tactor. Theoreticaly. HAWAI'I LIFE IEAL ESTATE BROKEES Active O Med sted Sold nd e Under Contract an Median d A Day tosale Ped demand Ave and Medan Sold N 2/ty vaille /medians O tst 2021 Under Cortract and median O1 2021 Area 2001 dans 2001 hawaiianrealty.com S.Hile 076000 10494250 S418000 83104 416 133 5863900 8505000 95390000 800-667-5028 ext. 8122 HPP 27400000 98072500 90/372500 8864 392/117 32/376500 103/362000 68/389500 Denise S. Nakanishi that's how this one differs. The only economic factor involved seems to be RB-17031, ABR, CRS, GRI, SRS uber low interest rates. I'm sre you've heard that thte market is over-heated "Major Mom is a Major Difference" Ainaloa 4/287000 37/265000 37/265000 7337 1441 192400 52/245000 31/250000 everywhere. If idaho is hot lor instance) hen Hawai is "Volcanic" (poor pun I koow). Much of our increase is driven not orly by those who have learned they can work trom home so "why not Hawai" coupled by severe lack of inventory. if you look at the chart, there are entire neighborhoods Royal Han, Oha BEST with zero inventory! Builders can'tbuild fast enough and evenif they Pacific Paradise Hawaii could, peting supples and appliances has become a challenge. Last 2020 East Nanawale 4/184250 919s000 9/19s000 859 36/13 6217500 61/159500 8188260 Mauna Loa fst 6/323667 11308584 15/249667 6/323667 9583 24/17 10/283075 3/317000 00 1/302500 4/312500 44 1/265000 2/302500 2302500 Gardens Volcane Gott& Country Club week, my contractor triend saidhe could not get insulation which is now required by our building code (why Most notable is the increase in values in some of the areas generally regarded ted. Many delayed marketing their homes because there was no place to go so is a gamble I'm not willing to take. As I always say, ila seler won't get 10083s00 3010000 130/10 40/3 31450000 S/298000 5298000 mPierad as less active. It makes perlect sense that as prices increased in during Covid. Days-on-market (DOM) is always a strong indicator of market the property ready, then someone else should ist it. Make sense?? Year to Hilo (check out the current median asking pricej, buyers gravitated drection. Athough DOMhas increased in a few areas, low inventory levels wil date increases island-wide show 46% increase in sales numbers and about to HPP and now this demand a bit. Some workers who assumed they would be able to work preparation of homes prior to listing in such a brisk market. Take staging for now, expect to see prices continue to inch up as inventory continues to from home forever are now being told to report to the office. We have already bor instance. A recent article in AARP estimates that staging increases value stagnatel Don'tsee your neighborhood here, just contactany member of Team had escrows and buying trips cancel. Given the employee shortage, it wil between 6-10%. The average seller cost to stage is about $2000 per month Nakanishi and we'l set you up for complete and talored information for any be interesting to see if this trend reverses as employers seek to retain and For this reason and becauseit causes our listings to sel faster, we cover that property on Hawali island! o Ainaloa and Narawale. There is one factor that may change continue to fuel the market. I've been asked why my team insists on detailed 20% increase in price. Time will tell it we are getting back to normal but cell 936-5100 majormom@'ilhawall.net rehire employees. We do expect an increase in inverntory as restrictions are expense. I feel t's always best to get the property completely ready. Not doing "mation provided by Nawali umaton and sorted by Pacitic Busines Niows FIND MY COLUMN EVERY SUNDAY OF THE MONTH. Watch "HAWAII LIFE" on HGTV! hawaiianrealty.com. ha waiianrealty.com hawaiianrealty.com hawallanrealty.com