By Vince Vanderstroom (RA)

APRIL 2010 MARKET UPDATE

“April home sales rise as prices fall”

This was the headline in the Business Today section of the Honolulu Advertiser (Friday, May 7, 2010).  After 3 months of continued moderate rise in prices we have seen a just a slight decrease in sales prices for both Single-family homes and condominiums.  The good news is we are continuing to see increases in total number of closed sales for both single-family homes and condominiums on Oahu.

You may ask yourself if it is the right time to buy a home or condominium.  While it is not certain that this sales pace was entirely due to or in part by the recent federal governments $8,000 tax credit for 1^st time buyers that ended on April 30^th, we should continue to see a brisk sales pace of properties in the coming months.  Buyers continue to enter into the market, spurred by the low interest rates available and reasonable sales prices for properties.

APRIL 2010

APRIL 2010