NINE FAST FACTS ABOUT HAWAII REAL ESTATE (foreign investors take note of #8) 1-Nationally, homes listed on Friday tend to sell at the greatest percentage of the initial asking price (99.1%), while those listed on Sunday, the least (98.4%). 2-The average Honolulu home sold for $754,142 in 2012, while the average condominium went for $374,343. 3-In 2007, a spoof development company offered parcels on the Loihi Seamount for $39.95 each. Loihi is 10,000 years away from rising out of the ocean and becoming an island. 4-The Hawaii neighborhood with the most bedrooms per home: Laie, with an average of 5.08 per house. The town ranks 23rd nationally. 5-In the first quarter of 2013, the average Hawaii foreclosure took 824 days to process, the fourth longest time in the nation and well above the national average of 477 days. 6-3.6% of all Honolulu home sales in 2012 were made to buyers with addresses abroad, making it the No. 8 city in the nation for foreign homebuyers. 7-Contrary to the Mainland’s spring and summer trend, January is when Hawaii homebuyers do most of their searching. 8-Hawaii’s two Frank Lloyd Wright designed houses include the club house at Maui’s King Kamehameha Golf Course and a private residence in Waimea on the Big Island. 9-In 2012, the average single-family home for sale in Honolulu spent 30 days on the market, less than half of the national average. Real Estate fast fact sources: the Honolulu Star-Bulletin, the Wall Street Journal, Inman News, Stacy Disney, Kamehameha Gold Course, Honolulu Board of Realtors, and the One Red Paperclip Project, Trulia and UPI.
Posted on: Thu, 08 Aug 2013 21:08:56 +0000
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