It’s been a while since I visited Waikiki Beach, I was a little surprised to see how crowded it was. There were thousands of people lounging on the sand, surfing, and taking the catamaran tours. If there’s a recession, there was no sign of it in Waikiki.
In a Pacific Business News article, foreclosures jumped in Hawaii (and the rest of the nation) in the month of February. Hawaii had 537 foreclosure filings in February (27th in the nation). California led the nation with a staggering 80,775 filings, and Nebraska had the fewest with 13.
Target opened two stores on Oahu today, one in Salt Lake (in the old Costco site), and one in Kapolei. As with all new store openings in Hawaii, hundreds of people lined up to be the first to shop there. I think I’ll wait a few weeks for the novelty to subside before stepping foot in one of their stores.
February’s 160 condo sales are exactly 50% of the 320 sales of February last year. Median prices fell as well, the median price of a single family home dropped 8% to $555K compared to $599K a year ago. Condo sales dropped 11% to $297K, compared to $335K a year ago. Hard to believe, but Hawaii median prices have remained steady compared to markets on the mainland.
Based on the information from the Multiple Listing Service of the Honolulu Board of REALTORS active listings last updated on .
Information is deemed reliable but not guaranteed.