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Foreclosures, Short Sales & REO's

Ewa Beach Led Oahu in 2009 Foreclosures

Ewa Beach Led Oahu in 2009 Foreclosures

The front page of yesterday’s Star Bulletin had an article titled “On Shaky Ground” talking about how Ewa Beach led Oahu in 2009 with the most foreclosures with 636 in 2009. Believe it or not, Waikiki was 2nd with 538 and Kapolei was 3rd with 364.

What was incredible about the article is it said although that one out of every 22 homes in the Ewa Beach zip code was in distress last year! Those weren’t all foreclosures. Those include short sales, owners behind on their payments, etc. What does this mean? More REO or lender owned properties will be coming on the market in Ewa Beach. Keep an eye out for some bargains. Even though prices have come down, inventory is starting to disappear as well according to the article. So, get yourself a good buyer’s agent and get ready for some bargains.

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Keahi Pelayo

January 27, 2010

Given that Ewa is the entry level segment of the market, one would have expected more purchase to be highly leveraged and therefore there would be more foreclosures.
Aloha,
Keahi

Keahi Pelayo

January 27, 2010

Given that Ewa is the entry level segment of the market, one would have expected more purchase to be highly leveraged and therefore there would be more foreclosures.
Aloha,
Keahi

Kapolei led Hawaii in January Foreclosures « Hawaii Real Estate Market

February 12, 2010

[…] Hawaii dropped from our worst ever ranking of 10th nationally to 11th in January. In December, Ewa Beach led Oahu in foreclosures. However this month, Kapolei surpassed Ewa Beach (now 3rd in the state) and […]

Kapolei led Hawaii in January Foreclosures « Hawaii Real Estate Market

February 12, 2010

[…] Hawaii dropped from our worst ever ranking of 10th nationally to 11th in January. In December, Ewa Beach led Oahu in foreclosures. However this month, Kapolei surpassed Ewa Beach (now 3rd in the state) and […]

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March 15, 2010

[…] Ewa Beach and Kapolei have consistently been at the top, as they were in January and in 2009. […]

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[…] Ewa Beach and Kapolei have consistently been at the top, as they were in January and in 2009. […]

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