April 2012

Found 1 blog entry for April 2012.

How is the market?  5 people have asked me this question since this morning.  Of course it's common for people to ask me this, but right now I sense that many people don't see a clear direction for the market right now. 

We can look back and see that since last year prices around Oahu have risen 5% on average for all home sales on Oahu.   But where is it going? Everyone wants to know .

(I predicted the bottom of the over 2 years ago, and also predicted the top of the market in 2005.)

First some median price data from the last 12 months.

  • Hawaii kai prices are down 9.9% to $819,500
  • Kailua prices are up 9.7% to $850,000
  • Kaneohe prices are down 1% to $577,500
  • Median prices in Mililani are up 19% to $602,500
  • Diamond Hear prices are down $40k
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