As we welcome in the first days of summer, it seems the hectic start to 2016 has become more of a mixed bag of steady growth in the majority of the market, with some declines in the upper-priced homes.
It seems that higher-end homes (above $1.3 million) have begun to plateau and stall, especially in the edges of town like Hawaii Kai & Kahala. The bulk of buyers, in the $600K-$900K range continue to see strong demand, along with condo sales. Maybe the high-end condo infusion has saturated the luxury market, while newer affordable options have yet to take effect? We’ll see as the hot summer moves along!
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