Quick real estate update from the Best Dang Realtor
According to resales figures released by the Honolulu Board of REALTORS®, the summer season ended on a really high note with closed sales of single-family homes surpassing year-over-year activity by 12.7%. With the lack of inventory and super low interest rates, the median sales price for single family homes rose by 13.3% to $880,000.
On a personal note, well priced properties are jumping off market within days and Buyers are forced to over bid to secure these single family homes. On numerous occasions my clients have had to bid $10K, $20K, and $50K to get in the running to actually noticed by Sellers. And we are all wondering how much longer this will last?
As an essential business, real estate remains open with modifications, and agents continue follow the social distancing practices by wearing masks and utilizing sanitation practices.
Check out my virtual Open Houses, virtual property showings at BestDangAgent