I am sitting at my computer right now in a hotel room staring out at one of the biggest shopping mall parking lots I have ever seen with “Macy’s†in lights. Sounds a bit like the Vegas version of Macy’s, I know. But, what Vegas doesn’t have, is the ocean and palm trees on the other side of the parking lot in plain view of my hotel room balcony. Because of this, I am willing to overlook the mall parking lot.
You guessed it; I am in Hawaii, having just spoken at the 1st annual Hawaii Real Estate Convention. Before I came here, I did some research on the market since I never like to show up unprepared and every single market has its own special needs and trends. I feel as though it is also my job, to show up informed and am surprised when others don’t.
When I looked at the market here, I found that the main island (most of the statistics are on Maui and Oahu) was down in sales from last month to this month by 30.6% and down 10.2% for the year. They still experienced mild appreciation of 1-2%, but that is mild compared to the 85% appreciation they have had over the last 5 years. Yep, you read that right, 85% appreciation!!! Continue reading ‘Home Staging The Schaefer Synopsis’ »