Jump to content

Archived

This topic is now archived and is closed to further replies.

urbanguy

More Americans, & Hawaii residents, turn to CONDOS

Recommended Posts

More Americans, and more Hawaii residents, turn to condos

One in four Oahu residents can now be found living in condominiums, and Coldwell Banker says the Honolulu situation is similar to a trend it's tracking on the mainland.

Sales of new condos across America are running 13 percent above year-before levels according to National Association of Homebuilders figures covering nine months of 2003.

Realtors, who watch existing condo resales, reported last week that condo resales in April ran 24 percent above year-before levels despite the fact that the median price soared to $205,000.

With limited inventory of single-family homes, and those prices soaring even more, it is easy to assume that the condo market is rising simply because many people can no longer afford homes.

But Herb Conley, managing director of Coldwell Banker Pacific Properties, says some of it is about lifestyle.

"The popularity of condo purchases on Oahu demonstrates that for some, a condominium can be a wonderful fit for busy lifestyles," said Conley.

"One of the main attractions to owning a condominium is that it reduces the personal time that you need to spend on the upkeep of a single-family home," Conley said.

:D

Share this post


Link to post
Share on other sites



  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.