Oahu Hawaii March Market Statistics
In the month of March there were 282 single family homes that sold and 392 condos according to the Honolulu Board of Realtors MLS. That was a decrease of 14.5% for the number of single family homes sold compared to the same month last year and a 27.5 % decrease for condos for the same comparison. There were 673 single family sales for the first ¼ of 2008, representing a 22.2% decrease compared to a year ago. There were 1,037 condo sales for the first ¼ of 2008, representing a 23.8% decrease compared to a year ago.
The median single family home sale price was $628,000 a decease of 2.4%. The median condo sales price was $329,300, an increase of 2.4%. The actual sales prices do not seem to being affected as the number of home sale so far.
What Makes A Great Real Estate Agent
Purchasing real estate is one of the biggest investments a person can make in a life time. It is important to hook up with the right Realtor. Especially with what has happen in the real estate market lately. Home prices have adjusted from the last real estate bubble. Lenders were loaning money to people that could not other wise qualify for. Many people got slammed into sub-prime mortgages they had no business taking. Here are some things that would qualify an agent to be great.
1. Integrity – Following up and doing what they promise.
2. Honesty – Telling the client the truth even if it means not getting a sale.
3. Knowledge – Knowing their market and what direction it is heading.
4. Education – Informing their client of different areas and neighborhoods.
5. Resources – Knowing where to direct their clients to do the proper research to make an informed decision.
6. Team – Having a team of professionals like Home Inspectors, Mortgage Brokers, Title Insurance Company and Escrow Officers that put the clients interests first and not their own.
Our team strives everyday to live up to these standards. Any Realtor that takes their business seriously wants to be the greatest real estate agent in the world. We also know some of the greatest agents in the world that do the same. If you are relocating to Hawaii, we can help you locate a Realtor in your neighborhood to sell your existing home. Please do not hesitate to contact us before you come to Hawaii. We are here to help.