Hawaii Best Vacation blog has always been watching closely what's going on on the Hawaii Real Estate and Housing market. This is not any different for the 2010 Hawaii Real Estate Market. There is no way talking about Hawaii vacation and ignoring trends of Hawaii Real Estate. Why? Because when you once fell in love with the Hawaiian Islands, there comes a day that you are looking for your own piece of Paradise, a condo on Maui or a townhouse on the Big Island on the sunny Kona Kohala Coast.
Our 2009 Hawaii real Estate posts like 2009 Hawaii Real Estate market analysis or 'Is it a good time to buy a Maui condo NOW?', received top attention. Let's stick with the tradition and ask our friend Bill Jardine from Big Island Buyers Brokers what he thinks about the 2010 Hawaii Real Estate and any trends he sees. Today's article is beyond winning a Hawaii vacation with Hawaii Sweepstakes. If you consider buying Hawaii Real Estate in 2010, keep reading Bill's guest article:
The Hawaii Buyer's Market is likely ending soon
"January has brought us a fresh perspective as the year 2010 stretches out before us in all of its mystery and promise. There seems to be an anxious prognosticator behind every tree these days, and predictions are all over the board as usual. For many this is a time of planning, and wouldn’t it be nice to know what lies in store for the months ahead?
The author of 'The Black Swan' Nassim Nicholas Taleb, has taken a really hard look at our ability to predict the economic future and has noted that those with the highest degree of self-regard do the most poorly at predicting by far! Since I have virtually no pretensions at knowing anything about the future, perhaps you will take my predictions more seriously.
We are experiencing a mini-rerun of the financial inflation that preceded the crash of the financial markets a couple of years ago, and various magazine writers have published articles warning investors to keep their wits about them as this re-inflation occurs...(Editor's note: Bill allowed us to skip this paragraph about economic details for slowdown)
What this means to you is that there likely will be a gradual housing bubble growing over the next couple of years, and bank stocks should do quite nicely until the new bubble bursts. In the meantime, expect very low interest rates and improving real estate prices as a result. I have been listening a whole lot to the chatter of my fellow brokers in the West Hawaii market and find everyone pretty much on the same page. Hawaii real estate inventory is shrinking, prices are still low and expectations are that within the year we will see the return of a more attractive Seller’s market.
If you have entertained thoughts about joining us here in Hawaii you might better get on your hobby horse and dig in your spurs. The read is that this incredible buying opportunity in Hawaii is coming to its natural conclusion, and you may well regret missing super low interest rates and super low prices. For the many of us anticipating retirement, things may be a bit more serious. The Baby Boomers will soon begin retiring, and if one-percent (1%) of them decide to live their warmer years in Hawaii, we will have to build 70,000 new units to accommodate them. Yikes!
If you would like to talk-story about any of this stuff please feel free to call or drop me an email any time. Aloha, Bill Jardine, Big Island Buyer's Broker"
Well, this is what a longtime, experienced Hawaii realtor thinks about buying Hawaii real estate in 2010. We won't know for sure whether this will come true until the year 2010 is over. For now, we are grateful that Bill shared his opinion with us.
Here are a few tips for the motivated Hawaii home or condo buyers from the editors of best Hawaii Vacation blog. Don't just look from afar but come visit Hawaii this Spring 2010. Of course, you need to do your homework and determine the Hawaiian island of your choice, condo or house/townhouse, vacation rental (higher taxes) or not, price range you can afford + stick with it (no offense, Bill, but realtors have a tendency to show clients very nice properties, which they cannot afford) and don't forget to investigate future Hawaii property taxes or condo maintenance fees. Visit Hawaii for catching the wave of Hawaii real estate buyer's market 2010 as long as it lasts. Aloha, Pua Hawaii Vacations
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12 comments:
Fascinating. I would love to see a return of a seller's market, as I am trying to sell a house in Hilo right now. I don't know if it will come fast enough for my situation, but it would be awesome.
Yes, Lisa it would be beneficial for you. It seems like finally some light at the end of the tunnel for all those who are in the Hawaii real estate market as the sellers of homes. I tell you Hawaii buyers are really trying to take advantage of the current buyer's market and 'negotiate' unbelievable low home and condo prices.
If you can wait that phase out and don't have to sell under all circumstances, the Hawaii real estate market will recover just as we have seen it before. Wishing you much success with selling your Hilo home.
I think it depends on which side of the fence you're on. The Buyers and Sellers both have to wait until the market swings their way, or they just have to bite the bullet if time doesn't swing in their favor.
I can see both sides of it all. It's difficult to manage when time moves out of your side of the court.
Yes, Evelyn, it always depends from what point of view we are looking at the current Hawaii Real Estate market. There are many Hawaii residents who acquired real in Hawaii to have some equity down the road when they are ready to retire. They won't make the money on selling their property they counted on at the current buyer's market.
Well, and of course, there are those who would love to retire in Hawaii but the inflated real estate prices to purchase a house in Hawaii never allowed them to get a foot it. It had to stay a dream. Now, for the first time in years that dream to buy a condo in Kihei on Maui can become reality.
Hawaii homes prices did not come down as much as condos. At least, what my observation about Hawaii real estate 2010 is.
I truly like to reading your post. Thank you so much for taking the time to share such a nice information. I'll definitely add this great post in my article section.
Aloha Honolulu Real Estate,
Mahalo for compliments on our Hawaii Real Estate Market 2010 post. A 2011 Hawaii Real Estate analysis is overdue.
If you have some basic knowledge about the current real estate market to share with our Hawaii visitors be invited to write a guest post for our blog. Get in touch with us by email.
Hawaii Best Vacation place and also the business point of view,I really want to expand my Costa Rica Real Estate Business here...I always been watching closely what's going on on the Hawaii Real Estate and Housing market.
At the same time as you watch the Hawaii house market Hawaii realtors watch the real estate market in Costa Rica. Your comment reminds me that a 2012 Hawaii real estate update is overdue.
I truly prefer to reading your post. many thanks most for taking the time to share such a pleasant info. i am going to positively add this nice post in my article section.
Big Island homes for sale
Hawaii Real Estate market analysis has definitely changed since 2010 but it's all worthwhile to compare how the market has changed and what buyers and sellers of Hawaii homes should know for 2013.
I truly like to reading your post. Thank you so much for taking the time to share such a nice information. I'll definitely add this great post in my article section.
Hawaii Homes for Sale
Mahalo for stopping by.
As a realtor in Hawaii, you might be interested in reading our new article about real estate development in 2013. We are just publishing new Hawaii Real Estate trends for 2013 right here on our blog.
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