01-28-2008, 11:19 AM
quote:
Originally posted by Glen
......But I think that the Canadians and Japanese may be supporting a slightly different slice of the market in Hawaii ---prime condos and vacation home type properties.
This is exactly what an agent on Oahu has told us. We have been following the prices and news stories. Condos in resort areas are doing well but your basic family home is not doing nearly as well. We are keeping an eye on things and may buy a rental if things fall far enough. Right now prices are still close to their highs on Oahu.
We have some friends who bought on the ocean in Honolulu about five months ago. Condos in their building have gone up about 7 percent since then.