Market At A Glance

In Search of Neighborhoods With Deals For Buyers

As the months of inventory continues to increase in various neighborhoods around the island, opportunities present themselves to Buyers looking for properties with Sellers who are MOTIVATED and willing to negotiate their sales price. In August, some of these neighborhoods were the following:

SINGLE FAMILY HOMES:

Neighborhoods: Months of Inventory Remaining:*

Waipahu 10.1
Waialea-Kahala 10.2
Makakilo 12.0
Ewa Plain 14.0
Kaneohe 14.6
Wahiawa 24.6

CONDOMINIUMS:

Neighborhoods: Months of Inventory Remaining:*

Mililani 9.7
Makaha-Nanakuli 11.2
Kailua-Waimanalo 19.0
Makakilo 21.2
Downtown-Nuuanu 45.0

Generally, when months of inventory increase to 9 months or more, Sellers tend to be more receptive to negotiating prices to sell their homes. This is especially true of homes in these neighborhoods with Days on Market in excess of 90 days.

These Best Buys are available for Buyers who work with diligent ahd knowledgable Realtors. Email me for more info if you would like this kind of assistance.

-Dwight Ellis, RA

*Stats courtesy of Kalama Kim, AOM Waikiki CBPP