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Hawaii Earns Fourth Highest Home Appreciation in February

Hawaii was fourth in the nation for home price appreciation in February.
April 12, 2013

Hawaii Earns Fourth Highest Home Appreciation in February

Maui Home Purchase

Hawaii's home price appreciation was the fourth-highest in the U.S. in February. Prices went up by almost 15 percent, year over year, according to a report from the California-based CoreLogic. That's quite a feat for the state to achieve, as a whole.

Those who made a Maui home purchase when the prices were low are likely rejoicing at their decision. It's every property owner's dream to successfully buy low and sell high, and a fifteen percent increase is quite an impressive gain.

Nevada took first place for year-over-year price appreciation in February, with a 19.3 percent increase. Arizona followed with an 18.6 percent increase, and California was third with a 15.3 percent increase. Hawaii's price appreciation was 14.6 percent in February. When distressed sales were removed from the equation, Hawaii ranked third-highest in appreciation, with only Nevada and Arizona ahead of it.

It was also a good month for the nation as a whole, with home prices appreciating by 10 percent, year over year. This also happens to be the most substantial year over year increase since March 2006. That should tell you something about the restoration of economic confidence in the U.S.

CoreLogic estimated a 10.2 percent year over year gain for the month of March, but only time will prove or disprove the accuracy of their estimate. Hopefully we will meet or exceed this prediction.

In the meantime, if you'd like to make a South Maui real estate purchase after hearing this encouraging news, you'll find our contact information at the bottom of the page. We'd love to assist you in making the most educated choice possible based on all your individual needs. Mahalo for reading this week!
 

Blogs for April 2013

New Kihei Pizza Restaurant from Waikiki

Posted on April 26, 2013
New Kihei Pizza Restaurant from Waikiki

South Maui is getting a new pizza restaurant. The owners of Serino's Pizza in Waikiki have decided to expand their successful business to take advantage of a nice South Maui property located in Azeka Shopping Center.

Serino's Pizza in Waikiki has been flourishing enough to make… Continue Reading

Whale Watching from Your South Maui Home

Posted on April 19, 2013
Whale Watching from Your South Maui Home

Whale season is a wonderful time of the year. Humpbacks are the most acrobatic of the baleen whales, and they spend half their year in our beautiful warm waters, mating and giving birth to their new calves. There is always a lot of exciting… Continue Reading

Hawaii Earns Fourth Highest Home Appreciation in February

Posted on April 12, 2013
Hawaii Earns Fourth Highest Home Appreciation in February

Hawaii's home price appreciation was the fourth-highest in the U.S. in February. Prices went up by almost 15 percent, year over year, according to a report from the California-based CoreLogic. That's quite a feat for the state to achieve, as a whole.

Those who… Continue Reading

Hawaii Arrivals on Two Year Rise

Posted on April 05, 2013
Hawaii Arrivals on Two Year Rise

According to Hawaii Tourism Authority (HTA) Tourism Research Director Daniel Nahoopii, Hawaii has enjoyed consistent month-over-month growth in visitor arrivals since January of 2011. As South Maui real estate specialists, we always encourage the study of long term trends, not just in our small island… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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