Ewa Beach is on fire! The real estate market in Ewa Beach is so incredibly busy. If you are considering SELLING, the time is NOW! If you are considering BUYING, tighten your seat belt, you’re in for a bit of a bumpy ride of competing against multiple buyers on practically every property. It takes preparation, mindset, resources, and a well-structured offer to compete in this market. The inventory of homes in Ewa Beach is so low that there are way more buyers now than available homes. This is Seller’s dream. Sellers know that they will get a great price for their property, and they know that it likely won’t be on the market for more than a few days…sometimes hours. Over asking offers are very common as well.
- Has Covid-19 made an impact? YES
- Have interest rates made an impact? YES
Prices have not gone down as a result of Covid-19. In fact, they are going up. With many people not being able to relocate from Ewa Beach, this has created a shortage of inventory. This is also true for many other parts of Oahu and the US as a whole. The shortage of inventory, coupled with historically low-interest rates, is creating a perfect storm for both Buyers and Sellers. The market is definitely Seller driven right now.
Military Buyers PCSing to Oahu
The Military PCS season, although delayed by the events of Covid-19 has now begun. The competition for homes is fierce, but homes are going into escrow daily. So as busy as the area is, finding a home is not an impossible task. There are strategies for winning a home. Be pre-approved, consider buying site-unseen before your arrival to allow for extra time for your home search prior to arrival, and be prepared to be competitive. There are also new home options that require additional time for closing. So if your time is flexible, this may be the right path for you.
Ewa Beach Sellers
If you are considering selling your home, and you are wondering about timing, this is absolutely the best time for it. I have a wide range of resources to assist you in the process. Please contact me for an appointment.
- Seller Resouces
- Covid-19 procedures apply for a safer selling process
Kinga Mills | 808-722-3985 | firstname.lastname@example.org