Harvey Shapiro
Harvey Shapiro
along decline forward higher last market means moving number path quarter reduced renewed sales small total toward
Even with the higher number of residential sales in March, total sales for the first quarter showed a small decline from last year. This reduced demand, along with the renewed availability of housing, means that the market is moving forward on its path toward stabilization.
anyone awful decided drop last point position price purchase sidelines waiting year
Anyone waiting on the sidelines for the price to drop will probably be disappointed. If you were in a position to purchase last year and you had decided to wait, at this point you'd say that it was an awful decision.
I don't know what to make of it. I think it's just a burp.
area comparison continuing healthy market note overall rest sales though
Leeward is an area that's continuing to grow, even though the overall market on Oahu has slowed down. It's interesting to note how healthy those sales are in comparison to the rest of the island.
clear continue declining expect increasing leveling market passed peak prices quarter reached seen third throughout unit year
It's pretty clear that our market has passed its peak -- which was reached in the third quarter of 2005 -- and we've seen declining unit sales. Prices, however, are still increasing and we expect the prices to continue increasing throughout this year before leveling off.
clear continue decline high level looks prices record sales volume
It looks pretty clear that sales volume will decline from record level but will still be high while prices will continue to go up.
fair hard market neutral point shifting
It's hard to tell where the neutral point is, but it's fair to say that we are shifting from more of a seller's market to a buyer's market.
above line list market offers people running time
When the market was running at 20 and 15 days, people had to get in line to make offers that were at or above the list price. Now people have more time to make a decision.
coming contending couple days market normal people realize records setting speed
The days on the market is higher, but you have to realize that in 2004 and 2005 we were setting records with the speed of sales. It's coming back to a more normal market where you have just a couple of people contending for a property.
believe continue continuing face fewer price
That's just the continuing trend. We believe the price will continue to be up even in the face of fewer sales.
april factor housing negative weather
The weather was a significant negative factor in the April housing market.
definitely fits might negatively worthwhile
Because leasehold is so negatively thought of, you might be able to back into a leasehold that fits your needs. Then it would definitely be worthwhile to buy.
expensive fee
If he doesn't investigate the property, his leasehold could end up being more expensive than fee simple.
above asking buy demand past people shut three
In the past year, sellers would put up the price, and there would be three people who wanted to buy at or above the asking price. That kind of demand has really shut down recently.