There was an excellent article relevant to the Hawaii market at WSJ.com. One of my biggest frustrations in working with buyers today is the lack of financeable inventory. I have qualified buyers, who don’t want a fixer, and are unable to find a home in move-in condition.
With bank-owned properties comprising a third of the market, it is difficult to find something turnkey in today’s market. Never fear buyers, I have an upcoming listing in Kihei—house plus ohana, totally remodeled for $299K. Get your bid in before it hits the market—call me.
Per latest RAM statistics, home inventory on Maui is down 20% from a year ago, so the nationwide figure cited in the article does apply to our market as well.