Home Buying in Honolulu>Question Details

Bill, Home Buyer in Naperville, IL

I've noticed on a couple of properties a huge drop in price in 2006 with a big rebound the following year. What happened in 2006?

Asked by Bill, Naperville, IL Sun Jan 13, 2013

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Frank Diaz’s answer
Aloha Bill,

The market peaked probably somewhere between April and November of 2006.
If you saw increases in 2007, those were most likely isolated. Land prices tend to trail, so they go up last.
1 vote Thank Flag Link Sun Jan 13, 2013
Aloha, my name is Mike Gallagher and I own my own Brokerage. I have been doing this for 13 years.

I suggest you go to my webiste where it will be clear to you exactly just what is going on in Hawaii Real Estate statistically: http://www.hawaiirealestatestatistics.com

If then you still have questions please feel free to contact me.

Mike Gallagher
Mike Gallagher Real Estate, Inc.
mikeg@hawaii.rr.com 808-384-9015
1 vote Thank Flag Link Fri Feb 8, 2013
Mike, thx, I'll poke around. I'm wondering if the market in HI is in a bubble as I see plenty of property that was purchased for a lot cheaper just a few years ago. Prices seem a lot higher here than in the 'mainland', is it sustainable?
Flag Fri Feb 8, 2013
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