- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (3)
- SteadyState
- Contributions:787
Data for Maili and Nanakuli is scarce. Picture for Hawaii:
-------------------------------------
Percentage of People Selling at a Loss
2007: 3.63%
2008: 14.54%
2009: 23.64%
2010: 26.70%
2011: 28.00%
-----------------------------------------------------------------------------
Home Price Index
M-t-M: down 0.2%
Q-t-Q: down 0.5%
Y-t-Y: up 0.3%
---------------------------------------------------------------------------
It appears that you market is reasonably stable. According to Forecast-chart.com, your market (Maili) is forecast to drop 1.8% by 2012. Although there is a very small downside risk, there is no compelling data to suggest that there is upward price pressure - you may not break even if you sell in 5 years.
-------------------------------------
Percentage of People Selling at a Loss
2007: 3.63%
2008: 14.54%
2009: 23.64%
2010: 26.70%
2011: 28.00%
-----------------------------------------------------------------------------
Home Price Index
M-t-M: down 0.2%
Q-t-Q: down 0.5%
Y-t-Y: up 0.3%
---------------------------------------------------------------------------
It appears that you market is reasonably stable. According to Forecast-chart.com, your market (Maili) is forecast to drop 1.8% by 2012. Although there is a very small downside risk, there is no compelling data to suggest that there is upward price pressure - you may not break even if you sell in 5 years.
- Afshin Ben Rafael, "Ben001"
- Contributions:50
In long term anything will go up.
- Shari Hooks (S), "Shari Hooks"
- Contributions:73
As we can not predict market fluctuations, we do know that prices are down now and seem to be holding steady on Oahu- and the interest rates are historically low now, making monthly mortgage payments more affordable. Those two market characteristics usually mean it's a very good time to buy. The Waianae Coast is one of Oahu's rare, beautiful, unspoiled coasts. Since Kapolei is expanding and improving so much, it is forseeable that the Maili to Makaha areas will also benefit. In five years? Not sure. Ten? Can you hold it for 15, if necessary?
Will property value for a NEW home on Leeward Coast go up?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.