Welcome to the Distinctive Homes Hawaii Blog

Stay informed with the latest Honolulu Hawaii real estate news, reports and statistics.  Articles include Honolulu Board of Realtors market reports, KHON TV Eye On Hawaii, real estate news, mortgage rates and special property offerings. 

Sept. 14, 2012

Honolulu August Real Estate Statistics

August Monthly Housing Statistics- Honolulu Board of Realtors

The month of August continued the trend seen from recent months showing a shortage of inventory, increased number of sales and increasing prices. Single family home prices rose 9.2%, and following along, condominium prices increased 6.7%. The number of closed sales also climbed upward with single family homes up 5% and condominiums showing a huge increase at 21%!! In related news, interest rates remain at historically low levels prompting buyers to act before rates inevitably go up.   Experts agree that the time to buy is now, as prices are projected to increase 10% at the end of this year, according to economist Paul Brewbaker. 

Click here to see the full Oahu Real Estate Property Report

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Sept. 7, 2012

Oahu and Honolulu July Monthly Housing Statistics

July Monthly Housing Statistics – Honolulu Board of Realtors

Single family home prices rose 7.4% in the month of July, while condominiums rose a whopping 15.5%! The number of closed sales is also on the upswing with single family homes up 5.6% to 265 homes and condos up 21.3% to 364 sales in July.  However, while sales are increasing inventory continues to slide to new lows. The number of listings for homes was down 19.3% and condos down 12.5% this past month.  With sales volume increasing and supply diminishing, upward pressure on pricing is projected to continue this year. Economist Paul Brewbaker is projecting prices to rise 10% this year!

Read the Statistics Here.

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Aug. 15, 2012

Paul Brewbaker Hawaii Market Forcast

Paul Brewbaker Forecasts Continued Hawaii Home Price Growth

The annual Mid-Year Real Estate Review with Paul Brewbaker was held yesterday at the Waialae Country Club in Honolulu Hawaii.  The event was sponsored by Distinctive Homes Hawaii, Honolulu Home Loans and Old Republic Title & Escrow.  Invitees included several real estate developers and the top real estate agents on Oahu.  Mr Brewbaker stressed the fact that the Hawaii real estate market has continued the steady increase in values after bottoming out in 2009.  The annual projected price growth for 2012, 2013 and 2014 is 10% with interest rates remaining low throughout the same period.

 

To view the entire presentation please click here.

2012 Hawaii Real Estate Forecast

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