Residential Sales Experiencing Amazing Boom
Hawaii Real Estate is experiencing a tremendous boom. Property value increased by 10% to 20% since the same time last year. It’s is a whirlwind of increased transactions. The last time Hawaii Market was this strong was in 2004 and 2005.
Hawaii “Blue Zone” has been Discovered
There is a very strong pent up demand for Hawaii Real Estate. Buyers are seeing Hawaii as a safe pristine and it is one of 11 Blue Zones in the entire earth. environment away from the distress of big cities and Covid.
Some CEOs and High New-Worth Leaders have come to Hawaii to weather the storm in their own luxury villa on the ocean. Many are making their business work from Hawaii while enjoying the clean and peaceful lifestyle.
This vivid example of wealthy leaders has reached the media and is attracting others to come and invest in Hawaii as well.
Evidence of a strong real estate market
- Properties are selling quickly
- Value of listed and sold homes continue to increase
- Days on the Market average 12 days before going under contract
- Inventory is low or zero
- Inventory comes available meet Buyer demand
- Home Values Increased 10% for residential homes
- Oceanfront and Luxury Properties Values increased 20%
- Land Purchase and Home Construction are Increasing
Residential Inventory Sells Quickly
The speed of inventory is moving so rapid that right now most properties are on the market for only 5 to 10 days. All residential homes and condos that are available are selling within days on the market.
Home Values are Increasing Over Past 6 months
The wave of luxury real estate purchases announced the highest sale of $34M in January 2021. Current inventory in Hualalai, Kukio, and Kohanaiki is virtually sold out.
Amazing Time to Sell – Be Strategic and Succeed!
This very exciting time is just a short window of opportunity. We don’t know how long the market will be hot, but I believe it will continue to through Winter 2021.
The strategic time to sell is now while inventory is still low and while there is high demand.
If you have considered selling… I recommend take action now. Now the market is hot and the best time to ride the wave of this amazing momentum. Don’t wait till it’s too late or you will end up chasing the market.
Our Marketing Team can Assist you to Successfully Sell your Home
Call Me to Help You Sell or Buy Your Hawaii Property
Ahmad Mohammadi, R(B)
Principal Broker, RB-21131