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When will Hawaii (Oahu) values recover?

I own a couple of properties on Oahu. The values are definitly headed down? Do you think it's going to keep going down? I hear the economic reports say 2013 may be the start of the Oahu recovery. Anyone have any thoughts on this?
Sun Jan 6 2008, 10:38 - Downtown - Market Conditions - 7 answers
 
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Jim S
Buyer & Seller
in San Jose
Jim S, Buyer & Seller in San Jose in San Jose
Answers (7)
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Brynn H. All… was FIRST TO ANSWER
Aloha:

I am Broker In Charge at RE/MAX Honolulu.

Recovery for Hawaii is going to be long process. I would suggest 5-7 years.
Please view my First Quarter Report for Oahu for a further explanation at my website.

If you want accurate Sales Data for Oahu and associated Neighborhoods, please visit my website athttp:// www.hawaiirealestatestatistics.com

You can email me directly at mikeg@hawaii.rr.com

Much Aloha,
Mike Gallagher
Broker in Charge
RE/MAX Honolulu

Tue May 13 2008, 17:48
Web Reference: http://www.hawaiirealestatestatistics.com
 
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Some interesting reports can be found at the Bank of Hawaii website:
https://www.boh.com/econ/512_539.asp

Fri May 2 2008, 16:08
Web Reference: http://www.hawaiihome.biz/realtor_contact.shtml
 
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Aloha:
My name is Mike Gallagher and I am Broker in Charge at RE/MAX Honolulu.
Please visit my website athttp:// www.hawaiirealestatestatistics.com and look at the 25 year graph of Oahu Market cycles. This will help give you a good idea of Market Conditions and be able to anticipate the future.

Direct questions can be sent to at mikeg@hawaii.rr.com

Much Aloha,
Mike G.

Sat Apr 19 2008, 09:57
 
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Jim, tough to answer your question without knowing what region/neighborhood you are interested in tracking. In today's balanced market, its imperative that you have the data at the neighborhood level. You read our neighborhood reviews at http://www.prudentiallocations.com/Special-Report-State-of-R…

Tue Mar 18 2008, 11:44
Web Reference: http://www.prudentiallocations.com
 
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Aloha Jim,
I, too, own some property on Oahu and since my livelyhood is local real estate, I'm very aware of the dip! It is my opinion that values will continue to go down slightly, but I don't forsee a drop as drastic as our last one. I tend to agree with a forcasted upturn after 2012, although I wouldn't mind an earlier upswing! The truth of the matter is, if you don't have to sell right now, it doesn't matter and as long as you can hang on during the downtimes there has always historically been a light at the end of the tunnel!

Thu Mar 13 2008, 15:06
 
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I posted this in another forum but I'll use it here also;

it is now a "buyer's market"! Buyer's have been waiting for years and now it has shifted from a seller's market to a balanced market to a buyer's market. The remaining months of inventory is 8.4 months and there may never be a better time to purchase than today! Interest rates are great, the economy is stable, selection of homes are good and seller's want to sell. Start spreading the word ....remember the only way anyone can tell when the bottom occurs is when we passed it! Investment time is right around the corner .....

This was mentioned by our Company President.


Aloha,
Scotty Wong
Coldwell Banker Pacific Properties

Wed Mar 5 2008, 16:16
 
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FIRST ANSWER
Aloha Jim, We are definately in a Buyers Market. Select neighborhoods, such as Kahala, Portlock and Kailua are still holding value. The decline in the US dollar is attracting International Buyers and I believe we will see activity pick up in resort areas,such as Waikiki and Ko'Olina. My company, Prudential Locations, LLC, is the leader is Hawaii Market reporting. I can send you the latest Market report that we have on file. You can email me at brynn.allen@pruhawaii.com and I will send you the report as an email attachment. Me ke aloha pumehana, Brynn

Wed Jan 9 2008, 13:55
Web Reference: http://www.beachfrontbrynn.com
 
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