November 2011

Found 2 blog entries for November 2011.

When it comes to putting a house on the market, determining the right asking price is one of the most important decisions you can make. Whether selling  Hawaii real estate, Maryland luxury homes or just about anything else, setting the right price for your home will help you attract more potential buyers and will also help you get your home sold more quickly and at a reasonable price. With the help of a qualified and experienced real estate agent, you should have no problem setting the right price for your home.sell hawaii house

When determining an appropriate asking price for a property, real estate agents take several things into consideration. Some of these include:

- Comparable listings and sales

- Sold comps

- Withdrawn and expired listings

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 While real estate in most of the country is suffering, Oahu real estate remains strong, with low inventory and many sales.  While the number of sales has dropped since last year, so has the overall inventory.  The number of homes for sale on Oahu has dropped 19.3% since last year, from 2,311 down to 1,866. That is only a 5.5 months supply.  

A very interesting comparison is to view the sales by region.  Below I list the total sales and median prices in each region, with a comparison of last year to this year.  It's listed in order from highest increase in prices to highest decrease in prices (far right column). 

As you might expect, the higher priced areas like Hawaii Kai, Diamond Head, and Kailua rose most in price, while the lowest priced

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