02-07-2011, 03:41 PM
Well, we are one of those buyers who are out there. We've been working with a realtor since Sept. 2010, and made an offer on a house in HPP in October, but lost to competition. There were 5 offers for that house, we came in 3rd.
Since then I saw many houses disapper from the market, and only few show up in our desirable price range, condition, size, location, etc. In January, when we came to the island to look at properties in person, there were very few to look at, quite frankly. I think Hawaii market is bottoming out.
We did make an offer on a house in HPP about 3 weeks ago for the full listed price. There was a competing offer on a table as well. Ours got accepted by the seller, however this is a short sale, so we are waiting for an answer from the lender.
Since then I saw many houses disapper from the market, and only few show up in our desirable price range, condition, size, location, etc. In January, when we came to the island to look at properties in person, there were very few to look at, quite frankly. I think Hawaii market is bottoming out.
We did make an offer on a house in HPP about 3 weeks ago for the full listed price. There was a competing offer on a table as well. Ours got accepted by the seller, however this is a short sale, so we are waiting for an answer from the lender.