Hawaii Information Systems MLS statistics show that from 1/1/2010 through 10/31/2010 inventory is continuing to burn off with increased sales activity across the island in the residential, condominiums, and vacant land sectors. While activity is increasing the median sales price for condominium’s fell <15.05%> across the island to $345,750.00. During this same time the residential median sales price rose 6.67% to $480,000.00 for the entire island. Click on the links below for further information.
REO Market Update
Here are 12 properties that were withdrawn from the market over the past month in light of the foreclosure moratorium that occurred in 23 States (including Hawaii) by several of the Nation’s largest Lenders. Many of these properties already had multiple offer’s in on them when they were removed from the market. Now is a great time to view these properties and prepare your offers in anticipation of their re-release that is assured to receive lots of attention.
There are currently 38 active REO’s still on the market as of today, 20 in escrow and 12 have sold in the past month.