Tuesday, January 17, 2023 / by Ron Margolis - The Margolis Team
Living in the Aloha state of Hawaii is a dream for many.
As we've entered a new year, the market is continuing to decelerate, and there are fewer real estate buying transactions. Prices have mostly stayed the same in the islands, certainly on the neighboring islands, Kauai, Maui, and the big island, because of the continued lack of inventory.
The good news for buyers is: you don't have a lot of competition out there, and there are more things to choose from. The inventories for real estate in Hawaii are rising, albeit slowly. If you're looking for a place — whether you're coming here to retire or searching for a great vacation rental property, it's an excellent time to BUY NOW. The interest rates if you're getting a mortgage are still fluctuating. Often, if the seller is flexible, the buyer can ask for a credit in lieu of a discount on the price. You can use that money to buy down the rate and keep their interest rates lower than what you see in the market.
If you have questions about a specific neighborhood property, schools, beaches, and places best for walking and hiking in Kauai —we're here to help you! ? Connect with the Margolis team, and we are ready to serve in any way we can to exceed your expectations for what a realtor can do for you.