The November 2008 edition of Elite Pacific Properties’ Oahu Upscale Real Estate Report is now available.  This monthly report features in-depth analysis that goes far beyond what you can read in the media or will hear from most real estate agents.  You’ll find the report comprehensive and informative, but streamlined and to-the-point.  

If you have any questions about the report, or if I may be of any assistance with your property needs in Hawaii, you are welcome to contact me at any time. 

If you know of anyone who might also be interested in buying or selling property in Hawaii, please contact me at (808) 349-8665 or Scott@elitepacific.com, or Miki at (808) 349-8665 or Miki@elitepacific.com.  

Also, if you would be interested in professional property management at reasonable rates, Elite Property Management offers a full line of services that can be tailored to your needs.  For those property owners who do not need property management but who need to find quality tenants, we can also help.  We can put our marketing expertise to work for you.

To briefly summarize this latest report, Oahu sales and new escrows of single family homes and condos continue to be slow, with increasing inventory on hand.  Prices continue to show declines over last year.  However, there are no precipitous new changes to report.  In the upscale segment of the market ($1,000,000 plus), volumes continue to be off, but prices remain relatively stable.  As always, there will be exceptions to the rule, and buyers will find deals if they look carefully. 

The current financial crisis has affected many buyers' and sellers' bottom lines and caused people to really reassess their options.  However, there are many people still looking to buy and sell sooner than later, and while it's essentially a buyer's market, there are opportunities on both sides of the equation.

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