By: Roy Dollwet, RA
(808) 430-3223. (808)
965-9500
Hawaiian Information Service had
recently come out with the results of the 1st Quarter Property Sales
Statistics on the Big
Island . The great
news: property sales exhibited an “upward movement” – with “business
properties” sales leading the trend.
Quite an achievement considering
that real estate sales in Mainland USA is flat. And meriting big
smiles and thumbs up signs among those in the trade and which should work as
confidence-builder among the proverbial home owners and investors in Hawaii .
The stats
back up the buoyant atmosphere:
2012
|
2013
|
%
|
||
Increase
(Decrease)
|
Increase (Decrease)
|
|||
Residential
|
||||
$ Amount
|
150,3M
|
188,5M
|
38.2K
|
25.42%
|
No of units
|
372
|
373
|
1
|
0.27
|
Vacant Land
|
||||
$ Amount
|
41.2M
|
48.0M
|
6,8M
|
16.39
|
No of units
|
238
|
311
|
73
|
30.67
|
Commercial
|
||||
$ Amount
|
2,6M
|
2.5M
|
(0.5M)
|
(4.59)
|
No of units
|
9
|
4
|
(5)
|
(55.56)
|
Condominium
|
||||
$ Amount
|
54.4M
|
64.1M
|
9.7M
|
17.79
|
No of units
|
130
|
139
|
9
|
6.92
|
Business
|
||||
$ Amount
|
85.0K
|
850.0K
|
765.0K
|
900.0K
|
The stats are incontrovertible
proof that dealing in real estate in the big island constitutes a winning move!
And a good opportunity waiting to happen...
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