Thursday morning, I headed out to the Hawaii Kai Golf Course Clubhouse to attend the East Oahu Regional meeting. The main topic was about the "luxury market" and the current statistics. The report given claims the luxury market ($1,000,000 and up) is currently having "increased activity" compared to quieter times in early 2009.
They have noticed a few cash type buyers from Asia, Japan in particular. Their theories are due to the recent claim by the Japanese that their economy is now out of recession. This was announced in the economic news last week. I don't believe the Japanese economy is out of recession, but if you do, please let me know why. I can't imagine the Japanese economy pulling out of recession amidst a global recession when Japan could not "repair" their economic troubles while the world was in a big "boom". I'm not an economist, but this is just my analysis as a normal person familiar with Japan.
Anyway, following the regional meeting I headed out to see a bunch of brokers' open houses. I visited 9 properties from $399K LH marina front townhome to a $5.195M FS ocean front home in Portlock. A wide variety of properties in the middle. A diffent property is the 2 level penthouse unit at the Commodore condominium priced at $1.35M FS.
Please click on the link(s) below to view properties I visited. Pass the information along if you know someone that may interested.
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www.RickNakama.com Rick Nakama(RA GRI) 808-382-6761 East Oahu Realty, Inc.
Information is believed reliable, but is not guaranteed.