Oahu Real Estate March Market Update
During March, sales of 282 single family homes and 392 condos were reported sold by the Honolulu’s MLS, decreases of 14.5% for single family homes and 27.5% for condos, compared the same month last year. There were a total of 673 home sales on Oahu for the first three months of 2008, a decrease of 22% over the same period one year ago. Total condo sales the first three months were 1037, a 23% decrease from last year.
The median prices paid for single family homes and condos on Oahu were $628,000 and $329,500. Single family home prices saw a decrease of 2.4%, while condos saw an increase of 2.6%. The housing market as a whole saw a price decrease in total volume of 18%.
Silly Real Estate Agent Contest
We were told that a bunch of real estate agents were having a contest to see who can get ranked for the phrase ” greatest real estate agents in the world “. From what we hear PropertyTown.org is claiming they are the home of the greatest real estate agent in the world. The owner of Real Estate Webmasters Morgan Carey is putting this whole contest on and is going to give the winner a free website. Sounds like a pretty good deal to the lucky real estate agent.
We think agents should be taking care of their clients and not trying to show off they can get found on a search engine for a phrase. I guess it shows where these agents priorites are. Tooting their own horns for their own selfish reasons. No wonder why real estate agents get a bad rap!
Thank You and Happy Holidays
We at American Dream Realty would like to thank everyone we have helped in the past year. We wish you a happy Holiday Season and a safe new year!! We really appreciate all your business and trust you have put in our company in helping you locate and buy Hawaii real estate.
Aloha American Dream Realty
Hawaii School & Neighborhood Information
When purchasing real estate, renting and researching an area to move to. One of the most important things if you have children is the school they will be attending. Schools effect children and who they become. One of the most import things a parent can do is, send their child to a good school. When purchasing, you are buying into a school district and a neighborhood. Even if you don’t have children, schools affect property values and future resale of your investment.
So does the neighborhood you buy in. It is very important that you research both of these before investing in Hawaii real estate. For one the most most comprehensive sites of Hawaii School Information and city profiles on the internet you can check out National Relocation and it’s school and neighborhood profile sections. Whether you atre looking at purchasing a home or looking for an apartment for rent. It is very important to do your research before you make a move. You can use it to research schools or neighborhoods on your own. Or, if you would like even more information, call us today at 808-792-7000.
Is Denver Colorado a Good Investment
Yesterday, I spoke with Larry Hotz who has been selling Denver Real Estate on the south side since 1978. He is a broker with The Kentwood Company which is Denver’s largest independently owned and operated real estate company. I wanted to know how that city is weathering the downturn in home sales and if it is a good prospect for real estate investment.
Larry says home prices have held about even since the first of the year in the better neighborhoods. But, rents for houses for rent have increased over 10% in the last year. Evidently, Denver is experiencing a net gain in population because the economy is healthy and major companies are transferring employees into the market. Still, sales are down about 8% from the year ago period. So, not everyone who moves there is buying a home. Many are going into rentals.
Now, investors can actually expect positive cash flow with 10-20% down payment on single family homes in good neighborhoods. Most investment homes are rented as soon as a sign is posted in the yard. So, vacancy is not a cash flow issue there.
The bottom line is that Denver might be an attractive market for real estate investment so long as Denver relocation by major companies continues.
Relocation Portal
National Relocation is a relocation portal that offers great real estate related services for people on the move. You can search for a foreclosure or homes for rent in many cities across the United States. They even let landlords and property managers list their rentals for free. When you find a dream house they even have home inspection companies listed on the site as well. You can even compare mortgage rates for your new home purchase. You can find Realtors in different parts of the country to help you as well.
If you are relocating and need a moving quote from a mover you can get that as well. You can even get home insurance, life insurance and car insurance quotes too. They have area information on the real estate area pages about what the communities has to offer as well. What a great resource for some one on the move!
Florida Real Estate Investing
Investing in Florida real estate used to be a great way to invest your money but the softening Florida market is in a state of flux right now. Read more
San Diego Real Estate Investments
There are many areas across the country depreciating. The big question is: When is the right time to jump in and invest? “Analysts say housing prices in San Diego County held fairly steady last month, but home sales fell to the lowest level in ten years… From June of 2006 to last month, home prices for San Diego real estate were down nearly 2%, though the new numbers from Data Quick show an increase for May to June of about $3,400 to a new median price of $494,500. With sales down to just over 3,999 last month, it was the slowest homes sales month in San Diego County since 1997.” Some real estate experts say we are getting close to the bottom, but there are a few that say we still have a ways to go before the real estate in San Diego hits bottom. Only time will tell. The best thing to do is contact a local San Diego Realtor and depend on their area expertise.
If you do plan to go buy a San Diego real estate investment you may want to consider checking out San Diego vacation rentals to stay in while you are house hunting.
Hawaii MLS Home Finder
Hawaiimlshomefinder.com is a company real estate site that is owned and operated by American Dream Realty. Hawaii MLS Home Finder allows buyers to view properties for sale on all the hawaiian islands ( Oahu, Maui, Kauai and the Big Island of Hawaii). The site is easy to use and will also send buyers new listings as they come available.
When you are ready to make an investment in Hawaii real estate you should contact American Dream Realty. They are ready and willing to help make your buying experiece a pleasure. American Dream Realty is located on Oahu, but has agents on maui, Kauai and the Big Isand ready to help as well.