Residential Sales Amazing Frenzy
Hawaii Real Estate is experiencing a tremendous boom with a whirlwind of increased transactions. Property values increased by 10% to 20% since last year. The Hawaii Market has not been this strong since 2004 and 2006.
“Residential Market Update”– Courtesy of Title Guaranty Escrow –READ TG REPORT–Here
Current Picture of Hawaii’s Strong Market
- Properties are selling quickly –
- Days on the Market average 10-20 days
- Inventory is low or zero
- Increased Home Values 10% & Oceanfront & Luxury Properties Values Increased 20%
- Multiple Offers are now the Norm
- Increase in Site Unseen and Sold Before Print Transactions
- More Cash Transactions
Amazing Time to Sell – Be Strategic in this Short Window
This very exciting time is just ashort window of opportunity. We don’t know how long the market will be hot, but I believe it will continue to through Winter 2021.Thestrategic time to sell is nowwhile inventory is low and there is high demand.If you have considered to sell…I recommend take action now. Now the market is hot and the best time to ride the wave of this amazing momentum.Don’t wait till it’s too lateor you will end up chasing the market.