ranking real estate

Oahu Real Estate showing some signs of life? Honolulu Star Bulletin, posted July 3, 2009 by Nina Wu… http://tinyurl.com/nllyaz

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Trying to Exchange property for property is no easy task, but in a downward trending market such as the current market we are in, it is another way to move your property.

There are many reasons to consider exchanging property.

1) Potential Tax benefits (check with your CPA or Tax Attorney)
2) Another alternative to a cash sale in tight credit market
3) move from non-income producing to income producing.
4) etc.

An Exchange is not for everybody as there are many considerations, but with a little research and discussions with your Real Estate Broker and CPA you should be able to figure out if exchanging your property is a good alternative to a cash sale.

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Big Island Median home prices are down YOY according to statistics from Hawaii Information Services (MLS for the Big Island and Kauai).

As an Island, Hawaii Residential Median Home Prices fell 25.85% YOY from $379,053 in 2008 to $281,050 in 2009.

Puna down 21.79% to a Median price of $179,875 (based on 198 transactions)
South Hilo down 24.41% to Median price of $256,250 (based on 70 transactions)
North Hilo up 18.73% to Median price of $444,000 (based on 5 transactions)
Hamakua down 22.50% to Median price of $310,000 (based on 10 transactions)
North Kohala up 43.70% to Median price $970,000 (based on 10 transactions)
South Kohala down 20.30% to Median price of $394,500 (based on 72 transactions)
North Kona down 20.84% to Median price of $435,000 (based on 119 transactions)
South Kona down 36.32% to Median price of $320,000 (based on 12 transactions)
Kau down 23.80% to Median price of $151,250 (based on 30 transactions)

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end of day showing property http://twitpic.com/8wxwh

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