hawaiianrealty.com hawaiianrealty.com * hawaiianrealty.com. hawaiianrealty.com. hawaiianrealty.com hawaiianrealty.com. hawaiianrealty.com hawaiianrealty.com 2ND QTR 2023; SUPPLY IS STILL KEY! We keep hearing that interest rates are Many local buyers generally purchase at the impacting the real estate market nationwide. $400,000 price point where inventory is super Well, perhaps but seems to be to a lesser extent tight. Lower priced homes in Hilo need a lot here recently. In looking at sales and projected of work making them hard to finance. Also demand, there is still quite a bit of interest in interesting is that HPP remains strong. A similar our East Hawaii neighborhoods. Remember, price point is still popular and gets a buyer the projected demand number combines the a newer home on more land. Interestingly. number of active listings with contingent homes over $700k are still moving well in HPP. listings (top number). The bottom off island buyers love the larger lots and are line multiplies the number of quarterly already used to the commute. Of note in the sales times 4 to arrive at a number financing realm is that programs targeting first that should predict yearly demand. time homebuyers are increasing. I have not These numbers did decrease since generally reported on the Hawaiian Beaches last quarter (not shown), indicating that (Shores. Shores Rec, Parks) area because of things have slowed but only marginally. insurance issues in the lava zones. Insurance is The spot to watch is Hilo where under contract now available up to $450k, which again makes buy now while they can compete and refinance later numbers (residential properties moving to this area a popular option. Not all loan types With rental rates high and sellers more negotiable. close) went from 67 last year at this time to work there but check around, programs are this makes perfect sense. I wish I had time to analyze less than half that number this year. Part of the available. Back to the higher interest rates. We every neighborhood but if you want to continue the reason is that inventory is still very constrained keep hearing rates will come back down over conversation, just reach out to any member of Team majormom@ilhawaii.net and the median asking price actually increased. the next two years prompting many buyers to Nakanishi and we'll be happy to help. Stay tuned for cell 808-936-5100 FIND MY COLUMN EVERY SUNDAY OF THE MONTH. Watch "HAWAII ED HAWAI'I LIFE REAL ESTATE BROKERS hawaiianrealty.com 800-667-5028 ext. 8122 Denise S. Nakanishi RB-17031, ABR, CRS, GRI, SRS "Major Mom is a Major Difference" BEST Hawaii 35TH ANNIVERSARY 2022 East Area S.Hilo HPP Ainaloa Leilani Nanawale Mauna Loa Est. Royal Hwn, Chia Pacific Paradise Volcano Golf & Country Club Act 2023 Mod Active S2023 Sold #Sold 2 Under contrict OTR 2 2003/ Underco 61/789000 62-492000 30/605000 74/495000 35/425000 18/339000 37/385000 27/360000 14/345339 6/285500 7/294900 21/219000 10212500 21/362000 7/349000 00 3/385000 21415000 3/399000 5/205000 7/272967 00 2/500000 Projected Demand 2023 Currently Rszik 248/128 296/96 14853 43/16 40/26 28/28 012 12/3 Act 09:2 2022 69/699000 65/589900 30/349050 9:357000 10/190000 12/342000 1/325000 1/475000 #solded Sold S 2222 77/545000 89/500000 47:375000 12/350000 14/237000 24/363167 7/435000 0/0 our new and improved website where you'll be able to sign up for monthly updates specific to your property. Of course, if you are buying, we can always provide instant notification on new listings that might be of interest. On to Summer and Quarter 3 of 2023! "Thanks to Hawail Information Service for the data LIFE" on YouTube! hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com hawaiianrealty.com * hawaiianrealty.com . hawaiianrealty.com . hawaiianrealty.com hawaiianrealty.com . hawaiianrealty.com hawaiianrealty.com 2ND QTR 2023 ; SUPPLY IS STILL KEY ! We keep hearing that interest rates are Many local buyers generally purchase at the impacting the real estate market nationwide . $ 400,000 price point where inventory is super Well , perhaps but seems to be to a lesser extent tight . Lower priced homes in Hilo need a lot here recently . In looking at sales and projected of work making them hard to finance . Also demand , there is still quite a bit of interest in interesting is that HPP remains strong . A similar our East Hawaii neighborhoods . Remember , price point is still popular and gets a buyer the projected demand number combines the a newer home on more land . Interestingly . number of active listings with contingent homes over $ 700k are still moving well in HPP . listings ( top number ) . The bottom off island buyers love the larger lots and are line multiplies the number of quarterly already used to the commute . Of note in the sales times 4 to arrive at a number financing realm is that programs targeting first that should predict yearly demand . time homebuyers are increasing . I have not These numbers did decrease since generally reported on the Hawaiian Beaches last quarter ( not shown ) , indicating that ( Shores . Shores Rec , Parks ) area because of things have slowed but only marginally . insurance issues in the lava zones . Insurance is The spot to watch is Hilo where under contract now available up to $ 450k , which again makes buy now while they can compete and refinance later numbers ( residential properties moving to this area a popular option . Not all loan types With rental rates high and sellers more negotiable . close ) went from 67 last year at this time to work there but check around , programs are this makes perfect sense . I wish I had time to analyze less than half that number this year . Part of the available . Back to the higher interest rates . We every neighborhood but if you want to continue the reason is that inventory is still very constrained keep hearing rates will come back down over conversation , just reach out to any member of Team majormom@ilhawaii.net and the median asking price actually increased . the next two years prompting many buyers to Nakanishi and we'll be happy to help . Stay tuned for cell 808-936-5100 FIND MY COLUMN EVERY SUNDAY OF THE MONTH . Watch " HAWAII ED HAWAI'I LIFE REAL ESTATE BROKERS hawaiianrealty.com 800-667-5028 ext . 8122 Denise S. Nakanishi RB - 17031 , ABR , CRS , GRI , SRS " Major Mom is a Major Difference " BEST Hawaii 35TH ANNIVERSARY 2022 East Area S.Hilo HPP Ainaloa Leilani Nanawale Mauna Loa Est . Royal Hwn , Chia Pacific Paradise Volcano Golf & Country Club Act 2023 Mod Active S2023 Sold #Sold 2 Under contrict OTR 2 2003 / Underco 61/789000 62-492000 30/605000 74/495000 35/425000 18/339000 37/385000 27/360000 14/345339 6/285500 7/294900 21/219000 10212500 21/362000 7/349000 00 3/385000 21415000 3/399000 5/205000 7/272967 00 2/500000 Projected Demand 2023 Currently Rszik 248/128 296/96 14853 43/16 40/26 28/28 012 12/3 Act 09 : 2 2022 69/699000 65/589900 30/349050 9 : 357000 10/190000 12/342000 1/325000 1/475000 #solded Sold S 2222 77/545000 89/500000 47 : 375000 12/350000 14/237000 24/363167 7/435000 0/0 our new and improved website where you'll be able to sign up for monthly updates specific to your property . Of course , if you are buying , we can always provide instant notification on new listings that might be of interest . On to Summer and Quarter 3 of 2023 ! " Thanks to Hawail Information Service for the data LIFE " on YouTube ! hawaiianrealty.com hawaiianrealty.com