Thursday, January 14, 2010

Honolulu Home Prices Among Most Stable in US

Maruyama Realty, LLC of Honolulu, HI would like to share this article from Pacific Business News:

Oahu home-sellers rarely cutting prices

Jan 12, 2010 - Pacific Business News

Honolulu home prices are among the most stable in the U.S., with sellers only rarely having to cut their asking prices, according to a new survey.

Honolulu ranks 47th out of the nation’s 50 largest metro areas for the percentage of homes on the market seeing at least one price reduction.

According todata from Trulia.com, a real estate listing Web site, 16 percent of Honolulu listings have taken a price cut during the past 12 months. The average reduction in asking price was 9 percent, totalling about $21 million for the market.

Maruyama Realty, LLC

Residential Sales & Property Management

Honolulu, HI

Kim@MaruyamaRealty.com

www.MaruyamaRealty.com

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