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Big Island

Third Quarter 2017: Solid Increases

Not many surprises here.

The real estate market in East Hawaii is trending steadily up across the board. Sales are up, inventory is decreasing, interest rates remain low and loan programs are getting more liberal. There are still desirable selections among current inventory and any Sunday drive will reveal new construction everywhere.

We really have no indication that things will change except but common sense would dictate that interest rates will begin inching up any day.

Get ready to compete with other buyers.

Get your credit package in order. You’ll likely be competing with cash buyers.

It’s also a good idea for buyers to have their REALTOR® set them up on an automatic notification so they will be alerted regarding new listings as soon as they hit the market.

There are clear market winners.

Also interesting is that the number of lot sales in Puna is up almost 25%. Not surprising because spec builders are snapping them up.

Island-wide, there were 1750 residential sales thru Sep 2016. That number this year is up over 6% to 1861. The median price increased 5.4% to $342000.

As always, if you don’t see your neighborhood here, I’m happy to provide a custom report. Keeping up with your neighborhood on a regular basis is the best way to determine if your piece of paradise is solidly increasing!

About the Author

Denise Nakanishi

Denise Nakanishi is a REALTOR Broker with Hawai'i Life. Denise Nakanishi is one of Hilo's most acclaimed real estate agents. She reached the rank of Major in the US Army and is now known by many as "Major Mom." The nickname fits–not only does Denise bring the discipline and mission-oriented attitude you'd expect, she's also caring and compassionate, always looking out for her clients like they're her own family. Having made the Big Island her home since 1987, Denise combines her extensive knowledge of the area with a sharp focus on customer service and the results speak for themselves. She's the recent recipient of the Best East Hawai`i, Best of Zillow, Chairman's Circle Award, President's Circle, Top Producing Agent since 2001, and Realtor of the Year awards. Denise stays ahead of the curve because she's passionate about education–she served as Education Chair for Hawaii Island REALTORS® for many years. She's one of Big Island's best real estate resources, known for her weekly article in the Hawaii Tribune Herald. Denise leads Team Nakanishi for Hawai`i Life, who is committed to their family, work, and community. In her little time away from work, Denise is a committed runner and Grandy. She also devotes many hours to various Veterans' Organizations, the East Hawaii Cultural Center, and the Hawaii Island REALTORS®. You can email me at denise@hawaiilife.com or via phone at (808) 936-5100.

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