Kapolei Led Hawaii In January Foreclosures
Yesterday’s front page of the Star Bulletin read Foreclosures Up 286%. Hawaii dropped from our worst ever ranking of 10th nationally to 11th in January.Â In December, Ewa Beach led Oahu in foreclosures. However this month, Kapolei surpassed Ewa Beach (now 3rd in the state) and Kailua-Kona (ranked 2nd) on the Big Island.
What does this mean? More REO inventory will be on the horizon.Â I just closed an REO listing of mine yesterday in Ewa Beach yesterday for above asking!Â Buyers are looking for a great deal & most REO listings are priced well by the lenders for a quick sale.Â How do you find out about these before they’re sold? Work with a good Buyer’s Agent! Here’s some galleries of some current single family home and condo REO inventory. If you’re looking for alerts to see all REO’s on market, contact one of us today to help you navigate this process and find the right home!