The hits keep coming. And to think, it can get worse than this. Amazing. Thanks to a HP reader for the leads today
Hawaii home market cools Median price down as number of listings on Oahu surges
In November, the median price for a home on Oahu was $418,000 -- well below a peak of $569,000 in August and 8 percent below the year-ago median -- according to DataQuick, a La Jolla (San Diego County) firm that tracks real estate markets throughout the country. Its surveys are based on filings with county recorders' offices and usually reflect sales initiated 30 to 60 days earlier.
Last month, the Honolulu Board of Realtors reported a nearly 25 percent drop in the number of single-family houses sold at the same time the supply of listings surged 47 percent.
January 17, 2006
Next up: Honolulu. This market has now popped.
Subscribe to:
Post Comments (Atom)
4 comments:
Good - after spending 4 days there in 2003 I was bored stiff and couldn't wait to get home. I cannot imagine why anyone would want to live there except for those with family in the area. The prices are ridiculously high for everything from milk to tires.
I think the fact that this post only generated the one comment above really says something about Honolulu...
I spent a week in Wikiki back in 2004, what a dump. Walk down the street at 2 am and its nothing but drunks, pimps, hoes, cops, and homeless people. The beach is non-existent.
Hawaii was popular with the Marylin Monroe generation, but younger people are finding much nicer places to go.
that sounds like a good description of CA too.
Post a Comment