Understanding Hawaii Real Estate Statistics !
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Many of my clients with whom I worked in Oahu real estate or visit www. ihomeshawaii. com with all the statistical properties of disorder, are bombed. For some newspapers, some from agents, some agents, some of suggestions, some friends and family. . . . and most other sources. . . Where do you go, you see the numbers to unravel what this means for your property. . . !
Here are a few points as you read the statistics considered. . !
1 – provided that should the statistics – believe it or not, the statistics are the simplest form of mathematical numbers are changed to lean one way or another. Be sure and read the statistics only from the Board of Realtors – not the paper of news, not brokerage. . . etc
2 – Be aware of the terms used – newspapers have been known to say, for example, “Real estate sales are 30%” – this could be true, but “sales” generally refers to the number of homes sold is not “prices. Most readers think so, prices may crash if they are not. There are many cases where prices stable or slightly rising or falling and the number of sales significantly down. Do not panic and sell your home – the application and make sure that between the line and below the headlines read.
3 – If you need information about some statistics on prices (or the number of sales) and some comparisons. You must ensure that it is compared to the same month in different years (usually with the month and the current year) – Why, because the real estate market is seasonal, so when comparing, make sure that comparisons are actually the reference rates. For example, you can not in February 2005 compared with July 2006 is the right way to compare July 2005 with July 2006 – this will compare a month to month. Anther rises questions – like what already may be between January 2006 and July 2006 is happening this Jan2005 to July compared to 2005 – the answer is yes – this is what one Year-to-date comparisons. Year-to-date comparisons to give you a good sense of market development for the period, such comparisons are a good indicator of how the market behaves, not only in a market consistent development of a market in transition (up or down as 2006). In a month of transition to market monthly and year end date comparisons being kicked out – what’s the solution – well, now we need to see what is the trend in recent months and compare the same year – ah that what happened to the seasonal comparison Fadi told us, and you can still not the right year to date or month to month comparisons do not arrive, you need to know where the market will develop and what it does mean the market transition Therefore, the development and take note of the seasonal effect, and the control point 4
4 – Pay attention to all the statistics of the island, I firmly believe that there is only a guideline for all, what does the market and the economy. But it tells you what you should keep your house, what you offer to a house list – WHY “- and the answer is simple and folding trailers. First fold in a normal market (in equilibrium, as today, in 2007, not 2006, 2005, 2004 .. It knowJ) appreciation and depreciation, districts, buildings, beaches, views, places, new laws, etc … All of this does not apply to all around … The second time it will be complicated, it was whe markets dive (Early 90’s – the price or amount) of sales soar (2001-2005), or in transition (2006) in these markets, all the statistics, the island is worse because it is usually a market in the pocket is present, which applies to Kailua, not too Makiko not apply Makaha not Kaneohe (next to Kailua), it Pearl City – because – because it is during the transition to the high OE markets spiral downward, and each district under different impairment or enhancement is more than the others and could be inventory, which have more or less stock, etc. is … – What to do – look at the statistics of the neighborhood and compare the same quarters for his car. BEST-To The Chase cut solution is to make a comparative analysis IMMEADIATE to localized your property with full statistics – lots of people can not do it – just call me or email me I can do for you – there’s a reason why my articles – yours and my customers end up buying – not enough to show my love here.. 
5 – Where should I use for the statistics to give an idea of mine to go, where the housing market is in progress: Board of Realtors, in this case is on board, Honolulu real estate agent. Where should I go to statistics and comparisons for my immediate localized properties get / neighborhood – and just call me 808-428-3659 or e-mail me fadihawaii @ AOL. com. Why use on board Honolulu real estate agent, or the board of the broker for that matter – also – are the resource that you never impartial and neutral. Why should I use for comparing localized Fadi, because no matter how accurate statistics of all the islands will never be able to tell you about the dynamics of your property to decide that the price for your home, you need someone like Fadi do statistics and comparative analysis. To know one’s self, the island – on board statistics, real estate agent – never in a position to whether a new school “Coming Up, golf course, the new law, military spending and more specific to an area that the neighborhood make more attractive or less attractive .
6 – Article IRMS – If you have forgotten all the statistics, at least see what they do, the following statistical parameters will: A-average selling prices. B-number of sales. C of interest rates. If you master them for your neighborhood and the interest of the state, it is a good idea of the market that do that is to your property. Now wait a minute Fadi-how to other criteria and parameters that determine the market …. as the inventory …. Market days (DOM) …. -Well-It is also important, but these are the side effects and are usually embedded in IRMS. Think about it, and if they do not believe you call me at 808-428-3659 or by e-mail me fadihawaii @ AOL. com or visit www. ihomeshawaii. com
7 – What should I do the numbers mean or median. Please do not imply on the numbers. Always do the figures and look for the median. Average numbers are always blow like Sopranos-made, because they are obsolete? – Well, because if it sold 10 properties for $ 500,000 and a property for 4 million U.S. dollars. Look at the media … Oh, the man who is above $ 818,000. . . This is quite true representation of the 10 apartments sold for $ 500,000? It means the $ 500,000 house next door should list their home for $ 818,000 – NO – you can see how an object thrown from a value very different to the true value of this area. Ok, what is the average value for this example is $ 500,000 (Wow, what’s good for a surprise). It is a good representation of this district. If you do not know how the average call me at 808-428-3659 I can go through to maintain it.
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Tags: estate, Hawaii, real, Statistics, Understanding