Author: Jeff Manson

The Hawaii real estate market showed some signs of strength across the different islands, although foreclosures continued to exert increased influence on the housing sector.

In the first tracking period of the New Year, there were nearly two hundred single family properties purchased – an increase of more than eleven percent from the same period a year ago. Similarly, more than two hundred and fifty condo units changed hands during the first month of the year, representing an uptick of slightly less than ten percent from January 2010.

Experts generally agree that the national and Maui real estate markets are finally showing a period of recovery and growth, although there is also a consensus that those recoveries are both precarious and uncertain.

The number of completed foreclosures in the state of Hawaii decreased substantially in the third quarter of 2010. This is one of several indications that the economy of Hawaii, in particular the Hawaii real estate market, has started to recover more strongly.