Keller WIlliams Luxury Logo
Home » Home Sales Rise in Hard Hit Areas

Home Sales Rise in Hard Hit Areas

by | May 30, 2008 | Luxury Market | 0 comments

It looks like the news is getting better around the country. Check out this story from James Hagerty in the Wall Street Journal from earlier this week.

Although nationally, home sales are still on the soft side, new data shows an uptick in several of the areas — including Fort Myers, Fla.; Las Vegas; Sacramento, Calif.; and inner-city Detroit — hit hardest by foreclosures and falling prices.

Americans generally remain wary of further declines in residential prices, but the data from these areas suggest buyers are finding the bargains too enticing to pass up.

Thomas Lawler, a Virginia-based housing economist, says home sellers “have moved into the acceptance mode” and are pricing properties more realistically.

DataQuick Information Systems calculates that sales of single-family homes in California’s Sacramento County totaled 1,669 last month, a 41-percent jump from a year earlier as the median sales price fell 34 percent to $226,250. Meanwhile, the Greater Las Vegas Association of REALTORS® reports that properties being sold by lenders account for more than 50 percent of recent sales.

Recent Posts

Big Island Featured Restaurant & Activity for April

Big Island Featured Restaurant & Activity for April

Featured Activity: Kuleana Rum Works Mai Tais is one of Hawai`iʻ s iconic cocktails, but did you know Hawai`i Island is also home to Kuleana Rum Works, a company which crafts award-winning rum from the fresh juice of sugar cane grown on its farm in North Kohala? If...

read more
I’m the Short-Term Guy!

I’m the Short-Term Guy!

I took a phone call from a consumer this week and as we started the phone call, he said to me, “Hey, you’re the short-term guy”! At which I replied, “What?” He said, “Yeah, I watch all your YouTube videos on short term vacation rentals and they’re valuable...

read more
February Sales Stats for the Big Island Resort Areas

February Sales Stats for the Big Island Resort Areas

With the exception of Kūki`o, all the resorts showed some sales activity in February. Single digit home sales were reorded in Kohanaiki, Mauna Lani Resort and Kona Hills; Hualālai led the way with three home sales. In the condominium market, Kohanaiki and Waikoloa...

read more
Big Island Featured Restaurant & Activity for March

Big Island Featured Restaurant & Activity for March

Featured Activity: Hulihe`e Palace Maybe you’ve heard about it; maybe you’ve walked by it as you’ve strolled Ali`i Drive. If you are interested in Hawai`i’s history and you haven’t toured Hulihe`e Palace, perhaps you should. Hulihe‘e is a museum showcasing artifacts...

read more

Recent Listings

Call Now