4 Stats That Show Our Market Is Healthy

05/01/20 • -1 min

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When people ask us, “How’s the market?” there are four statistics we can point at to gauge its health. Here they are.

Everyone has been asking us about the real estate market lately. To give you the answer, we’re going to look at four different categories:

1. Sold homes. In 2017, we had about 4,000 of them. It’s been right around that mark every year since. We’re still on track for 4,000 home sales this year after having roughly 1,000 in the first quarter of 2020.

2. Median sale price. This is a measure of price where half the homes that sold were above it and half the homes that sold were below. In 2008, the median price was $623,000. In 2011, it dipped to $575,000. Today, we’re at $776,000 which tells us that the market is still stable and increasing.

3. Average sale price.

Want to sell your Hawaii Area Home? Get a home value report

Want to buy a Hawaii area home? Search all homes for sale

When people ask us, “How’s the market?” there are four statistics we can point at to gauge its health. Here they are.

Everyone has been asking us about the real estate market lately. To give you the answer, we’re going to look at four different categories:

3. Average sale price.

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Support Our Kupuna with Gabe Amey

Adrienne Lally · Support Our Kupuna with Gabe AmeyJoining Team Lally in this episode is Gabe Amey. Gabe talks to us about OurKupuna.com and how we can help our kūpuna in Hawaii to stay home while the COVID-19 outbreak passes. He highlights the different ways people can volunteer and help sponsor someone in their community. We also provide updates and various activities related to Covid-19.
Also in this episode: Quotes of the day, Tips of the week, special events, this week's Open houses and Coming soon listings.
Who is Gabe Amey?
Gabe Amey is the Founder and Branch Manager of Hawaii VA Loans, which he officially launched in December 2007. He is a graduate of St. Louis School in Honolulu Hawaii and obtained his Bachelors of Science in Business Management at Menlo College in Atherton California.
He first joined the lending industry in 2004, and quickly excelled as a residential loan officer. In 2018, he was honored as American Marketing Association's Young Marketer of the Year. Please welcome our guest, Gabe Amey.
To reach Gabe you may contact him in the following ways:
Phone: 808-201-1603
Email: [email protected]
Website: https://hawaiivaloans.com/contact-us/

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Q: What If I Can’t Make My Mortgage Payments?

If you can’t make your mortgage payments, you should consider forbearance. We’re sharing the three things you should know about a forbearance plan.

Today we’re answering the most critical question: What if I can’t make my mortgage payments? You should be considering forbearance.

Forbearance provides temporary relief by reducing or suspending your payments.

There are three things you need to know:

1. Forbearance. Forbearance provides temporary relief by reducing or suspending your payments for a brief period.

2. Repayment options. You need to know the terms of the forbearance. You may have a repayment plan, modification, deferred payments, or extension of forbearance.

3. How this will affect your credit. I personally have gotten a forbearance. The letter I received from my lender said: “By entering into this forbearance plan, we will report your account to the credit bureaus as current under the forbearance plan.” That means no damage to your credit.

If you have further questions about forbearance or concerning real estate, please reach out to us. We would love to help you. Stay safe!