ranking real estate

Just another day talking about real estate

Flower

Posts Tagged ‘market’

RT @BuyersOption: Dr. Doom: U….

RT @BuyersOption: Dr. Doom: U.S. economy faces ‘death by a thousand cuts’ with real estate… – http://TwitPWR.com/rDa/ #realestate

Hawaii hotels have ‘worst summ…

Hawaii hotels have ‘worst summer’ with July occupancy 70.3% http://bit.ly/DiEOe Honolulu Advertiser Robbie Dingeman 9/10/09 #hawaii #hotels

First-time buyers face deadlin…

First-time buyers face deadline http://bit.ly/hDPvE Pacific Business News 9/10/09 #realestate #credit

Kurtistown , Hawaii 2/1 864 sq…

Kurtistown , Hawaii 2/1 864 sqft home $192,500 listor is owner http://bit.ly/3Visqn #hawaii #realestate #hilo

Big Island’s August home sal…

Big Island’s August home sales increase http://bit.ly/46Rbo Pacific Business News 9/8/09 #hawaii #bigisland #realestate

Yamanaka Enterprises Inc. a r…

Yamanaka Enterprises Inc. a real estate company. find MLS listings for the Big Island of Hawaii at http://www.yamanakaent.com #hawaii #realestate

Hilo Real Estate Market update August 2009

What is going on with the Hilo residential market? From June to August we have seen the year to date number of sales continue to drop, but at a slower rate, while the actual year to date median home price has shown a slight uptick.

June YTD – Sales Activity <17.65%> Median Home Price $256,250
July YTD – Sales Activity <14.42%> Median Home Price $257,500
August YTD – Sales Activity <16.39%> Median Home Price $263,750

Summer months tend to be months with higher activity and the added sales will always have an effect on the overall median price. While it is far to early to call a bottom in price drops, it is interesting to see a 3 month period in which median prices did not fall sharply.

The next 3 month period leading up to December should be extremely interesting to see how the Hilo market reacts. Will we begin to see any effects from job cuts by the State, as well as the constant talk of a foreclosure wave due to Alt-A loans coming due, as well as the effect/non-effect of Government Stimulus money on our local economy and will our jobless rate continue to hover around 10%?

Some of these questions should be answered over the next few months…

Pending home sales rise again …

Pending home sales rise again http://bit.ly/d5SUU Pacific Business News 9/1/09 #realestate

RT @realestatefeeds: HUD Launc…

RT @realestatefeeds: HUD Launches $50 Million Foreclosure-Rehab Plan: DSNews.com The Department of Housing and Urban.. http://bit.ly/pMRyn

Grubb & Ellis battles delistin…

Grubb & Ellis battles delisting http://bit.ly/14U1D6 Pacific Business News 8/17/09 #hawaii #realestate #commercial