Kailua Real Estate Oahu Update November 2017

Lila Kailua Real Rstate

HAPPY HOLIDAYS TO ALL! 

SAINT NICHOLAS DAY, HANUKKAH, KWANZAA, MERRY CHRISTMAS, OMISOKA, YULE, SATURNALIA, BOXING DAY, THREE KINDS DAY, ST. LUCIA DAY, FIESTA OF OUR LADY OF GUADALUPE, MELE KALIKIMAKA!

Kailua Real Estate Update

Very thankful in many ways!

Whatever your beliefs, It’s the time to reflect on the past year and also think about the next year which is right around the corner. Is it me or do you think that time passes us by in the blink of an eye!

I am very thankful in many ways! I count my blessings that everyone in my family is healthy and is doing well. I am happy to announce that my daughter Alicia recently gave birth to my first grandson, Maverick! I love the holidays, particularly our family traditions which include decorating, lots of Italian cooking, and enjoying the company of my family, friends and colleagues in all sorts of gatherings with good food and cheer.

I am also very grateful for knowing you and having the opportunity to help you with all your real estate needs. Hopefully assisting you in the future and anyone you may know may need my services whenever the time arises.

As 2018 is upon us, I personally have already created a plan of personal and business goals which greatly helps me track and achieve them throughout the year.

If you have real estate plans for 2018 that you would care to discuss, I would be delighted to speak with you about it over coffee or lunch! Let me help you “Turn Your Dreams Into a Reality”.

LOOKING TO SELL OR PURCHASE A PROPERTY? LET’S TALK SOON ABOUT YOUR OPTIONS SO WE CAN CREATE A PLAN OF ACTION FOR 2018

kailua real estate market update

 

Low inventory for single family homes

During November 2017, sales of single-family homes rose by 12.9 percent compared to November 2016, while condominium sales increased by 19 percent compared to the same time period. The median price paid for single-family homes in November 2017 increased by 3.1 percent from the same month last year to $773,500. The median price for condominiums increased by 2.5 percent from November 2016 to $405,000. According to the Days on Market indicator, the median days on market for single-family homes and condominiums was 16 and 20, respectively.

“The last quarter of the year has traditionally been a slower time for sales, however November demonstrated continued strength in the market with the double-digit increases for both single-family homes and condominiums,” said Sue Ann Lee, Honolulu Board of REALTORS® president. “Pending sales in both housing categories also increased last month. While we’re encouraged by the increase in new condominium listings, there still needs to be more inventory for single-family homes to meet the need for housing.”

Interested anyone… LOL :)

lol

SELLING TIP: SELLER’S REAL PROPERTY DISCLOSURE STATEMENT

All kidding aside, it is so important to disclose, disclose, disclose everything when selling your property. SELLER BEWARE!

On the seller’s disclosure. Sellers are obligated to fully and accurately disclose in writing to a buyer all “material facts” concerning the property. “Material facts”, are defined as “any fact, defect, or condition past or present, that would expected to measurably affect the value to a reasonable person of the residential real property being offered for sale.”

It is very important that the Seller exercise due care in preparing responses to questions posted in the Disclosure Statement, and that all responses are made in good faith, are truthful and complete to the best of their knowledge.

The Seller’s agent can not fill out this form for the Seller. The form must be completed by the Seller only! Failure to disclose is one of the main subjects of litigation. Don’t take this subject lightly. This has been your Kailua Real Estate Update!

Kailua Real Estate Update