// //]]> REI ODYSSEY: SCOOP: 1st QUARTER Property Sales in the Big Island on upward movement

Tuesday, May 7, 2013

SCOOP: 1st QUARTER Property Sales in the Big Island on upward movement

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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:

Jan – Mar 2013 Properties Sales






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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