The latest statistics from Honolulu Board of Realtors® shows Closed Sale on Condominiums of 585 for March 2013, which is jumped from 279 for February 2013. This is partially because of the new affordable condominium, Holomua, which is very conveniently located in town (Easy H1 access, within a mile, Walmart, Ala Moana Shopping Mall, 10 minutes away from Waikiki)
Newly built Affordable Condo project: Holomua
(Source: MLS listing)How fast all the condominiums are being sold? Well, it's 15 days! This DOM(Days on Market) average was also triggered by Holomua units sales. Resale only condo DOM was 25 days.
But still, only less than a month!
Either you are a future buyer or seller, you will be competing with other buyers or sellers. As a buyer, it is critical to get pre-qualified and make sure you are planning ahead before even start going to open houses. As a seller, it is highly recommended to start pricing right taking everything into consideration(Condition of the property, how fast it needs to be sold, and so on). Even if inventory in housing market is currently low, wrongly priced properties still stay in the market longer, or eventually have to be priced lower. In the worst scenario, no sale.
It all starts with what you would like to reach as a life goal. It is a big purchase, let's plan ahead to make the right move for YOU.
We are providing a free counseling session for buyer/seller. We can assist you step by step through the buying/selling process. Please feel free to contact us: hitomi@ipropertieshawaii.com
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