http://www.hawaiis.com/real-estate-news Just another WordPress weblog Fri, 03 Jul 2009 17:21:15 +0000 http://backend.userland.com/rss092 en June 2009 compared to 2008 Kauai homes saw a decrease in volume of sale of 25% and a decrease in the median price range of 27%. Kauai home Sales June 2008 vs. 2009   #Sales & $Median Neighborhood 2008 2009 2008                 2009 Waimea 1 3 $ 352,500 $ 341,000   Koloa 9 4 $ 900,000 $ 684,500   Lihue 3 3 $ 410,000 $ 390,000   Kawaihau 8 2 $ 467,500 $ 370,000   Hanalei 7 9 $ 900,000 $ 608,050 Island of Kauai 28 21 $ 705,000 $ 600,000 June 2009 ... http://www.hawaiis.com/real-estate-news/june-2009-kauai-real-estate-market-update Maui’s Real Estate Market – Lessons Learned “Maui investors and first-time home buyers, are now in the right place, at the right time.” In the eleven years I’ve spent on Maui, I’ve seen the real estate market climb, fall, hold steady, rise to unrealistic heights and now – we’re nearly at the ... http://www.hawaiis.com/real-estate-news/lessons-learned-about-maui-real-estate-market There is some good news. Oahu saw a 9.5% increase in the number of sales for June 2009 compared to June of 2008 for single family homes. The median property price dropped by 9% for the same time periods. More buyers are starting to take advantage of the lower prices and ... http://www.hawaiis.com/real-estate-news/june-oahu-market-update-of-property-sales For those who are looking for a home loan you may have heard it can be difficult without a down payment of 20% or more. That is true but only in the traditional, conventional loan market. The good news for today's home buyers is that The Federal Housing Authority (FHA) ... http://www.hawaiis.com/real-estate-news/3-5-down-fha-loans-are-a-good-option-in-hawaii The Big Island saw a decrease of about 27% in the median price for single family homes, but saw almost a 7% increase in sales volume for the month of May 2009 compared to 2008. Big Island home Sales May 2008 vs. 2009   Homes Sold Neighborhood 2008 2009 Median Sale Prices North Kohala 4 1 $ 609,500 $1,850,000   Kohala Coast 15 10 $ 485,000 $ 488,000   Kailua - ... http://www.hawaiis.com/real-estate-news/may-2009-big-island-market-update Over the past few years technology has change drastically, and the internet has become the information highway for everything. Searching for Hawaii properties has become a real treat for prospective buyers whether it is late at night or taking a sneak peak at work it has become quick and easy ... http://www.hawaiis.com/real-estate-news/dont-cheat-yourself-on-your-search Residential Unit Sales declined (-45%), average sold price = $748,436 (-19%),median price = $515,000 (-12%).  Sales prices for residential homes remained steady at $487,500 and condos rose to $315,000.  Land sales median was $530,000. Maui home Sales May 2008 vs. 2009 Homes Sold Neighborhood 2008 2009 Median Sale Prices Haiku 6 2 $ 814,000 $ 565,000 Kaanapali 0 1 $ ... http://www.hawaiis.com/real-estate-news/may-2009-maui-real-estate-market-update Foreclosures in Hawaii increased by five times in May compared to the same month a year ago, setting a new high in filings. The number topped the previous month of March’s 724 that were reported. Economists and attorneys that handle foreclosures blame the increase filings on the recession’s effects due ... http://www.hawaiis.com/real-estate-news/hawaii-foreclosures-surge-in-may Kauai saw a decrease of about 15% in the median price and 28% for sales volume for single family prices for the month of May 2009 compared to 2008. Kauai home Sales May 2008 vs. 2009   Homes Sold Neighborhood 2008 2009 Median Sale Prices Waimea 2 2 $ 415,000 $ 449,750   Koloa 3 4 $ 860,000 $ 705,000   Lihue 2 3 $ 443,500 $ 600,000   Kawaihau 9 2 $ 525,000 $ 634,000   Hanalei 5 4 $ 850,000 $ 970,000 Island of Kauai 21 15 $ 705,000 $ ... http://www.hawaiis.com/real-estate-news/may-2009-kauai-real-estate-market-update Oahu saw a decrease of about 15% in the median price for single family prices for the month of May 2009 compared to 2008.  Condos were down about about 10% for same period. Oahu home sales May 2008 vs. 2009      Homes Sold Neighborhood   2008 2009       Median Sale Prices Honolulu    24   11  $    849,500  $     725,000   Waialae-Kahala      8   12  $   1,567,500  $  1,367,500   Kapahulu-Diamond Head    19   14  $     750,000  $     690,000   Hawaii ... http://www.hawaiis.com/real-estate-news/may-2009-oahu-real-estate-market-report