With the strongest second quarter on record, First Hawaiian Bank announced an 8.4% increase in same store sales for credit and debit card use. Hotels and shipping have posted four consecutive quarters to date which shows a healthy and thriving economy. Hotels continue to be the leader in economic growth for 13 out of 14 quarters measured. You can view the entire article via mauinow.com. The Hansen Ohana strives to keep you up to date on the latest happenings in the economy and real estate. Call us today should you or someone you know be interested in buying or selling real estate here on the Hawaiian Islands.
Tag Archives: real estate
Hawaii Home-Price Increases For March
Irvine based Corelogic has ranked Hawaii No. 5 highest for home appreciation for the month of March in comparison to the same month in 2012. With an appreciation of 14.3 percent, Hawaii’s increase is almost 4% over the national average of 10.5 percent in March. This increase trend which started in 2012 and has continued in 2013, is driving the market with the home buying trend. You can read the entire article provided by Pacific Business News here . If you or anyone you know is looking to buy or sell property, call the Hansen Ohana today! We would be happy to assist you with all your real estate needs!
Strongest First Quarter In The Past 4 Years
First Hawaiian Bank has some positive economic news to report. This years quarter is the strongest we have seen in the past four years. The bank conducts the Business Activity Report (BAR) on 16 different sales sectors. Those sectors include autos, travel, and home improvement to name a few. Sales of nearly $800 million were recorded, a record for any quarter to date, with all categories showing a positive gain for the first quarter. Leading the gain was tourism posting a double digit increase from last year. The entire article provided by mauinow.com can be viewed here. With economy outlooks looking positive, now may be the time to consider buying real estate. The Hansen Ohana, your full service real estate office, can help you with any and all your real estate needs. Contact us today!
March Statistics
Spring has sprung and the first quarter of 2013 is complete. We’ve had a very busy first quarter experiencing the real estate upsurge so widely discussed, As a participant in the Sales end of the real estate market it is clear that there are increased showings, pendings and sales including multiple offers on “well priced” listings. Hesitant buyers are now becoming Purchasers. Well priced properties are attracting multiple offers making for a quick sale. Inventories have declined 14-16% over the past 12 months in Residential and Condo classes. REO (Foreclosures) and Short Sales are dwindling, with any “hidden inventory” (or overhang) backlog slowly trickling onto the market. Mortgage Interest Rates are still near historic record lows which may help motivate would-be Buyers to go ahead and buy IF they can qualify for a loan. Here’s the link to the Board of Realtors statistics report: http://www.ramaui.com/UserFiles/File/Stats/All-March2013.pdf For the next few days we will discuss the different areas of the island and how these statistics point to certain directions.
2013 Merrie Monarch Festival
The Merrie Monarch festival began it’s week long series of events yesterday March 31. The festival is a celebration of the arts and culture of Hawaii. The first festival took place in 1963 and has since become a yearly tradition passed on from generation to generation. The festival brings together hula instructors, researchers, and professors of Hawaiian studies to teach new generations the arts and dances that make the Hawaiian culture so unique and special. You can read about the festival and see what events will be taking place here. Make sure to check out the collectible section with shirts, posters and tote bags available!
Hawaii Real Estate Blog 