It is an American dream – a home in Hawaii. But how many of us can actually make that dream a reality? Before you erase that dream from your bucket list, take a closer look at the 2011 Oahu real estate market.
Sales of your American dream are on the rise in the Oahu real estate market, in both single family homes and condominiums. Single family home sales in 2010 were up almost thirteen percent from 2009, and condo sales were up more than ten percent. Oahu homes for sale in both markets continue to be strong into the New Year; condo sales in particular seem to be on the upswing.
With an increased demand of course, comes the inevitable rise in the selling prices. Single family home prices were up almost six percent in 2010 compared to 2009, although condo prices remained relatively unchanged. So if you are looking for your vacation home, a home for retirement or a “Hawaii starter” home for relocation, look at the condos on Oahu.
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