Aloha,
Did you know that current statistics can sometimes
give you a pretty clear picture of what’s going to
happen next? In fact, sometimes it’s just simple math.
What jumped out at me this month was the very strong
increase in pending sales—those sales that are in escrow
but not yet closed. For single family homes pending
sales are up 28.5% in April 2012 over April 2011. For
condominiums, that number is 35.1%.
That means we can expect a big jump in closed sales
within the next month or so. And when the stats come out
with that news, people who are thinking of selling their
homes will take action.
Savvy sellers will act now and jump ahead of the
competition so their homes stand out. There are many
buyers shopping right now and homes new on the market
are getting a lot of attention--and sometimes multiple
offers. This situation will likely change once the
number of homes entering the market increases.
Fell free to contact me and let’s talk about your
home. I can help you get to the head of the class. In
the meantime, sign in to receive a free copy on my Oahu
Real Estate Market Update for some key market highlights
for Oahu.
