Marshall C. Mower Real Estate Blog | Honolulu, HI | Real Estate, Luxury Condos, Luxury Homes, Ocean Front Condos, Ocean Front Homes

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Marshall C. Mower
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    Top 100 Hawaii Realtors®
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Direct: 808-277-7878



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Prudential Locations LLC.
614 Kapahulu Ave., Ste. 200
Honolulu, HI 96815


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Luxury Homes

Great Time to Be In the Market for a Honolulu Luxury Home

Tuesday, July 21st, 2009

In the market for a Honolulu luxury home? Well you are in luck! If you have been on the fence, this may be the best time to buy a home. For those less fortunate or perhaps less disciplined in making their mortgage payments, current economic conditions have forced many into foreclosure, bankruptcy, and short sales. You can now buy a luxury home in Honolulu for much less than just a year ago. Interest rates are still at historic lows – currently hovering in the 5% range. This makes it the perfect time to look for your Honolulu luxury home. These lower prices and lower interest rates makes trading up to a luxury home or buying a second home here in Honolulu easier than ever to do.

Whether you want a luxury ocean front home, a golf course home or one with a view of the famed Diamond Head, I can help you find the perfect luxury home here in Hawaii. Perhaps you are thinking of moving to the Kahala area. This area has seen a decrease in sales price of almost twenty percent in the last two years. This decrease is also evident just about everywhere on Oahu - not just in Honolulu.

People ask me, “Should I wait longer to buy?” or “Will the prices go lower in Hawaii?”. I wish I could answer those questions with absolute certainty. The truth is that no one knows for sure. What I do know is that Honolulu luxury homes are now more affordable. While it might not be the rock bottom that the real estate market will go to it is definitely a time to think about moving up or purchasing a second vacation home.

The combination of lower home prices for luxury homes with lower interest rates makes owning a luxury Honolulu home within your reach. Let me use my experience and vast real estate knowledge to guide you in your search for the Honolulu luxury home that is right for you.

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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