October 24, 2012 Market Updates We’ve never seen anything like today’s real estate market. Interest rates are the lowest they’ve been in our lifetime, prices seem to have hit bottom and are turning around, and inventory is shrinking.Whether you are a renter, an investor, or a current homeowner, there are great opportunities for you today. Homeownership builds wealth, and today’s rates expand your buying power. Single Family Jul -Sep 2012 Jul -Sep 2011 % Change Number of Sales 881 801 10.0 % Median Price $625,000 $570,099 9.6% Condominium Jul -Sep 2012 Jul -Sep 2011 % Change Number of Sales 1,152 1,002 15.0% Median Price $320,000 $302,750 5.7% Why Multifamily in Hawaii? CONDOMINIUM SALES SOAR IN OCTOBER ACCORDING TO THE HONOLULU BOARD OF REALTORS
We’ve never seen anything like today’s real estate market. Interest rates are the lowest they’ve been in our lifetime, prices seem to have hit bottom and are turning around, and inventory is shrinking.Whether you are a renter, an investor, or a current homeowner, there are great opportunities for you today. Homeownership builds wealth, and today’s rates expand your buying power. Single Family Jul -Sep 2012 Jul -Sep 2011 % Change Number of Sales 881 801 10.0 % Median Price $625,000 $570,099 9.6% Condominium Jul -Sep 2012 Jul -Sep 2011 % Change Number of Sales 1,152 1,002 15.0% Median Price $320,000 $302,750 5.7%
