Higher Mortgage Rates and Fewer Sales May Finally Be Affecting Prices
In half of the 12 real estate regions on O‘ahu, asking prices have been reduced on at least 30% of the current listings.
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In half of the 12 real estate regions on O‘ahu, asking prices have been reduced on at least 30% of the current listings.
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During the first half of this year, 424 homes, condos and vacant land parcels sold for $3 million or more. The top price: $36.1 million for an oceanfront estate on Kaua‘i.
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One analysis says there were huge gains statewide, with the biggest average profit during the second quarter of this year at 110.5% on Hawai‘i Island.