sallyjc's Blog: Hawaii Short Sales

With Short Sales still a part of our Honolulu County Housing Market at least there are some being sold and going in contract rather than remaining stagnant  as in the beginning of 2009.

Year to Date 2009 Sales and current short sale listings are depicted in the chart above. The majority of Short Sale Active Listings are in the Ewa Beach area with 71 of the 204;  44 of 103 are in contract  and 53 of 116 solds. That's a significant bundle of homes owners being helped and not going through the foreclosure process.

Hawaii is said to be a year or so behind the Continental United States with current trends in the real estate market. With that in mind let's take a look at the year to date sales with Hawaii Short Sales in Honolulu County. 

There were 108 single family home short sales sold this year with 50 of them in the Ewa, Ewa Gentry, Ocean Pointe areas alone. The Ewa Gentry, Ocean Pointe areas have the highest number of bank owned & short sales on the island of Oahu. (HONOLULU COUNTY). There are currently 184 single family homes listed as short sales and 88 currently in contract and pending.

If you have the time to wait for the bank to approve the offering price and the contract  terms (4-6 weeks or more) and then…