The home prices for single family homes on Oahu were down approximately 15% from the same month a year ago. It looks like the house prices have declined anywhere between 10% & 25% from a year ago depending what neighborhood you are looking at.
That is great news for buyers that have been waiting for prices to adjust and get something. Interested rates have come up a little bit from their lows, but are still are very low historically. Jim Cramer recently called the bottom for real estate. That is a pretty bold prediction. Not sure if we are there yet. One thing I do know is there are some great deals out there.
Feel free to contact us if you are interesting in finding out more about what is happening in Hawaii real estate market.