Hawaii Home Resales are among the Strongest Nationally

According to the National Realtors Association study of 149 Metropolitan areas during the second quarter for 2007, Hawaii resales ranked fourth in the nation.
Only California was ahead of Hawaii. The three major areas in California that were ranked first, second and third respectively are San Jose/Sunnyvale/Santa Clara, San Francisco/Oakland/Freemont and Anaheim/Santa Ana (Orange County), California.
Oahu was one of 97 metro areas nationally that showed a price gain. Fifty markets experienced price declines.
The senior economist for NAR, Lawrence Yun, feels the price trend is encouraging. "Although home prices are relatively flat, more metro areas are showing price gains with general improvement since bottoming-out in the fourth qtr. of 2006," he said. According to the NAR prices in many of the high cost markets prices have declined while prices in lower priced markets has risen. So we can conclude that the market is balancing itself out and maintaining it's health at the same time.
If you have been considering making an investment in real estate in Hawaii, now is a good time. And for guidance, insight and experience in the what, where, why of purchasing real estate in Hawaii, you can count on the Trinity Properties Sales Team to help you achieve your goals. Give us a call today!