Buyers are facing frustration… Will it change?
The simple answer is yes, as it always does — but when? The past year of pandemic restrictions has definitely lessened the availability of “for sale” housing while simultaneously increasing the desire for people to purchase homes. Like we learned in Economics 101, it all comes down to how supply relates to demand.
And while there are other reasons for not-selling in 2021, a recent survey by Realtor.com’s Chief Economist, Danielle Hale, shows that roughly one in five sellers aren’t selling this year because of concerns related to COVID risks. Hale notes that “this is a number that is likely to diminish as we make progress against the pandemic. Taken together, these additional sellers should translate into slower home price gains in the not-distant future.”
Fun in the Sun
Where else can you cruise to Costco on your boat, pick up a carpet, and cruise on home? You guessed it! The Hawaii Kai marina provides a “fun in the sun” outing while you accomplish your shopping goals. We even stopped for lunch on the way (check out 808 Texas Barbecue – it’s delicious). What a perfect afternoon!
And from the Garden Isle
Here are the Real Estate Market Statistics for Kauai in March 2021.
Judy Sobin and Associates recently joined listing services for Kauai and the Big Island.
If you have any inquires about these unique island real estate markets, contact us.
