08-02-2011, 07:37 AM
From this page: http://forecastchart.com/real-estate-hawaii.html
Annual Home Price Appreciation Rates: Hawaii
1981 -52.79%
1982 70.74%
1983 22.48%
1984 3.39%
1985 7.65%
1986 5.04%
1987 9.59%
1988 22.93%
1989 21.71%
1990 23.97%
1991 4.74%
1992 0.58%
1993 0.32%
1994 -2.40%
1995 1.05%
1996 -9.00%
1997 -4.04%
1998 0.82%
1999 -3.06%
2000 6.51%
2001 8.32%
2002 8.38%
2003 14.36%
2004 25.64%
2005 24.03%
2006 6.13%
2007 0.87%
2008 -6.90%
2009 -7.80%
2010 0.00%
My take is if you bought by 2002, you have probably not lost appreciation. 2003-2004-2005 is a different story and based historically you may be waiting until 2013-2014-2015 for the market to appreciate again enough to cover the spread. But look back at the numbers 82-83 were big years, and 1988-1990.
If someone here bought their home in Hawaii in 1990 and still owns it, it would be interesting to see the percent appreciation if you would like to share it. This person would the long range real estate buyer, not a short range speculator.
Annual Home Price Appreciation Rates: Hawaii
1981 -52.79%
1982 70.74%
1983 22.48%
1984 3.39%
1985 7.65%
1986 5.04%
1987 9.59%
1988 22.93%
1989 21.71%
1990 23.97%
1991 4.74%
1992 0.58%
1993 0.32%
1994 -2.40%
1995 1.05%
1996 -9.00%
1997 -4.04%
1998 0.82%
1999 -3.06%
2000 6.51%
2001 8.32%
2002 8.38%
2003 14.36%
2004 25.64%
2005 24.03%
2006 6.13%
2007 0.87%
2008 -6.90%
2009 -7.80%
2010 0.00%
My take is if you bought by 2002, you have probably not lost appreciation. 2003-2004-2005 is a different story and based historically you may be waiting until 2013-2014-2015 for the market to appreciate again enough to cover the spread. But look back at the numbers 82-83 were big years, and 1988-1990.
If someone here bought their home in Hawaii in 1990 and still owns it, it would be interesting to see the percent appreciation if you would like to share it. This person would the long range real estate buyer, not a short range speculator.