Home sales are cooking with sales of homes in February 2024 up over 30% from February 2023. Interest rates went up a notch in February, but have come down recently, spurring more mortgage applications as buyers are still getting into multiple offer situations in West Hawaii for well priced homes. Homes that are overpriced are sitting on the market and are fetching about 96% of list price.
Lance Owens, LUVA Real Estate shares sales statistics with Julie Ziemelis, Real Broker, sharing trends. Across the US, there are 19% more homes on the market than this time last year, which gives buyers more to choose from and is making sellers have to be more competitive in most markets.
Looking to drill even further into how the market is performing and tips and insights you need to compete? Let's talk! Call us directly for a Zoom call or phone call.
You can also join our 365Ohana on www.365HawaiiLiving.com if you'd like to purchase a home on Hawaii Island and you will receive access to valuable resource materials and groups!
Eric and Julie Ziemelis offer marketing expertise to home sellers with a large group of buyers from our private Facebook group, our real estate KZfaq channel and our extensive email list of potential buyers. For Buyers, we offer expertise and resources to ensure we remove the uncertainly from the experience AND provide a community you can reach into for information about moving and events to help you create friendships when you arrive. A full circle Ohana experience!
We also partner with these fabulous Realtors and mortgage pros to help you buy or sell around the island. Looking for connections? Contact us!
Eric Ziemelis RS-80376
Julie Ziemelis | RS-85062
REAL Broker
Julie@Ziemelis.com
808-333-1004
www.365hawaiiliving.com