It looks pretty clear that sales volume will decline from record level but will still be high while prices will continue to go up.
I don't know what to make of it. I think it's just a burp.
Leeward is an area that's continuing to grow, even though the overall market on Oahu has slowed down. It's interesting to note how healthy those sales are in comparison to the rest of the island.
If he doesn't investigate the property, his leasehold could end up being more expensive than fee simple.
Even with the higher number of residential sales in March, total sales for the first quarter showed a small decline from last year. This reduced demand, along with the renewed availability of housing, means that the market is moving forward on its path toward stabilization.
It's hard to tell where the neutral point is, but it's fair to say that we are shifting from more of a seller's market to a buyer's market.
Because leasehold is so negatively thought of, you might be able to back into a leasehold that fits your needs. Then it would definitely be worthwhile to buy.
When the market was running at 20 and 15 days, people had to get in line to make offers that were at or above the list price. Now people have more time to make a decision.
That's just the continuing trend. We believe the price will continue to be up even in the face of fewer sales.
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