>> WELCOME BACK TO LIVING IN WEIGHT. YOU KNOW, THE REAL ESTATE MARKET IS CONSTANTLY CHANGING. SO INVITED HOW WILKERSON FROM HAWAII PROPERTY ADVISORS BACK ON THE SHOW TO GIVE US THE MARCH T,2023. UPDAT HOW IT'S NOT GD TO SEE YOU GET THIS. YOU KNOW, I LOVE THE FACT THAT WE CAN ACTUALLY STEP INTO EACH OTHER AND SHAKE HANDS. YEAH, AND DO THAT AGAIN. NEED BUT I'M SHAKING YOUR HAND BECAUSE I'M SO HAPPY YOU'RE HERE TO GIVE. ALL OF OUR VIEWERS. YOU'RE HELPING THEM OUT REAL ESTATE MARKET UPDATE FOR MARCH. I KNOW THIS. IT'S IT'S MARCH NOW. MARK MARCH MADNESS. FIRST. SMART FIRST. YEAH. BUT WE'RE ACTUALLY TALKING A LITTLE BACKWARDS A LITTLE BIT. YEAH. WHAT WERE WE ALWAYS OBVIOUSLY ARE LOOKING TO SEE KIND OF WHAT WE'VE GOT IN THE MARKET AND KIND OF WHAT'S WE BROUGHT OUT THE NEWEST NUMBERS TODAY ACTUALLY ON MY SIDE TODAY.
BUT I GUESS MY BIGGEST COMMENT TODAY >> IS, YOU KNOW, BACK IN LIKE SEPTEMBER, WE'RE STARTING TO SEE SOME ADJUSTMENTS. WE'VE HAD SOME FITS. WE'VE HAD SOME STARTS, BUT I REALLY FEEL NOW THAT WE'RE SORT OF DIGESTED INTO THIS 1ST QUARTER. PEOPLE ARE STARTING TO FILE THEIR TAX RETURNS. SO THE BUYERS ARE SORT OF STARTING TO GET THEIR PRE APPROVALS. AND WE'RE STARTING TO SEE A LITTLE BIT MORE BUYER ACTIVITY, WHICH I LIKE THAT BEING SAID. THAT IS CRAZY. YOU JUST SAID THAT'S WHAT THAT IS CRAZY THAT WE'RE IN THE FIN MONTH OF THE 1ST QUARTER OF THE NEW YEAR. CAN YOU BELIEVE IT? IT'S LIKE WE'RE JUST ROLLING ALONG. IT SITS ON RUNNER-UP KNOW IT'S IT'S BUT IT'S TRUE WORDS. TIME. GO RIGHT. IT'S TIME BUT WHAT I WAS GOING YOU KNOW, KIND OF A COUPLE THINGS TO POINT WE'RE BECAUSE THIS IS SOME TRAILING NUMBERS.
AND WE DID SEE AN INTERESTING THING THIS MONTH. MOSTST RECENTDATA BECAME THE FIRST TIME WE'VE SEEN THAT THE MEDIA IN PRICE OF A SINGLE-FAMILY HOME BELOW A MILLION SINCE JUNEOF 2021. OKAY. NOW IS THAT A GOOD THING OR IS OUT ABOUT THAT? IT'S IT'S A GOOD THING. IT'S A THING FOR BUYERS. AND I REALLY I FEEL LIKE THERE WAS MAYBE A LITTLE BIT OF OVER EITHER AN S THE HIGH SIDE OF THE SINGLE-FAMILY HOMES AND THE AVERAGE POINT IS ACTUALLY COME DOWN A LITTLE BIT AS WELL. BUT ACS BORROWING MILLION IS, YOU KNOW, I JUST FOR ME, FOR THE LOCAL FAMILIES, FOR THE YOU KNOW, IT JUST MAKES IT A LITTLE MORE REALISTIC AND THE PRICE OF PARADISE IS REAL, BUT I I'M HAPPY TO SEE IT SORT OF MORE OF AN ADJUSTMENT. THAT'S THE SINGLE THCONDO AVERAGES ARE ACTUALLY HAD AN INCREASE IN THEIR IN AVERAGE 2.6. 25 K IT WAS LIKE BELOW 600 LAST MONTH. YEAH. REMEMBER, IN THE MEDIA ACTUALLY GONE TO FOR 88. NOW WE'LL TELL YOU IT'S IMPORTANT TO NOTE FOR THOSE OF YOU THAT OUR DATA NERDS OUT THERE, THE DIFFERENCE TO AVERAGE IN THE MEDIA AND THE AVERAGE IF YOU TAKE ALL OF THEM TOGETHER AND YOU DIVIDE THAT BY THAT NUMBER, THAT'S AN AVERAGE NUMBER KAYE.
THE MEDIAN IS IF YOU HAVE 100 LISTINGS LIKE NUMBER 50 THE MEDIA. SO IT'S THAT CENTER DATA POINTS. OKAY. THAT'S WHY I DON'T ALWAYS NECESSARILY LIKE THE MEDIAN BECAUSE IT'S NOT THE EXACT AVERAGE. THE AVERAGE IS REALLY THE REAL NUMBER. BUT FOR US THAT AREN'T DOING THE MATH, TLIT'S IS UP EXACTLY WHERE EXACTLY ANOTHER INDICATOR DAYS ON 22 DAYS ON SINGLE-FAMILY THAT'S ACTUALLY DROPPED ONE IT'S ACTUALLY GONE UP FOR CONDOS. SO, YOU KNOW, IT'S REALLY LIKE THERE'S NOT LIKE A NICE CLEAR LIKE, YOU KNOW, THE DOING THIS OR DOING THAT IN THE SINGLE FAMILIES CAUSE YOU GOT SINGLE FAMILIES THAT ARE COMING DOWN A LITTLE BIT CONDOS THAT ARE GOING UP A LITTLE BIT.
I FEEL LIKE IT'S RIGHT. LIKE I SAID, IT'S MORE OF LIKE A NORMALIZED MARKET, WHICH IS IS INTERESTING. YOU KNOW, THE THE INTEREST RATES ARE KIND OF SON WAS ASKED YESTERDAY. HOW ARE PEOPLE BUYING HOUSES WITH HIGH INTEREST RATE. REALITY IS IS THAT, YOU KNOW, WELL, QUALIFIED, PREPARED BUYERS ARE ABLE TO DO IT. AND THEY'RE STILL THEY'RE STILL OUT THERE WHEN WE'RE SEEING MORE OF THEM COME INTO THE MARKET. NOW, WHAT IS THE INTEREST RATE ABOUT 6, 6.0? 2, 6 POINT IS IT IS.
WELL, WHEN WE'RE WHEN WE'RE USED TO THE 2.5 OR I KNOW LIKTHAT, RIGHT? IT'S IT DOES SEEM HIGH. BUT ON OVER THE COURSE OF OF MORTGAGE LENDING, IT'S ACTUALLY NOT REALLY A BIG DEAL. LET ME ASK YOU THIS WITH WITH THESE NUMBERS YET. OUR SALES GOING UP TOO. YES, YES, I MEAN, HOW DO YOU LET US HEAR SALEARE SALES GOING THE SALES OF SINGLE-FAMILY HOMES GOING UP BECAUSE OF THESE NUMBERS? SO HERE'S HERE'S THE IMPORTANT THING TO NOTICE SO INVENTORY IS IS A GOOD WAY TO TO LOOK AT THAT. OKAY. IN NOVEMBER WE HAD SOME OF THE HIGHEST WE HAD ABOUT A 4 MONTH INVENTORY MARKET. WE HAD A SPIKE I WAS LOOKING WE HAD A SPIKE IN INVENTORY, WHICH INVENTORY IS A VERY KEY INDICATOR OF HOW MUCH YOU KNOW, HOW MUCH TIME THEIRS ARE.
WELL, HOW I SAY THIS, IT'S A INVENTORY, ISN'T TO SAY IT. SO I IN THE CASE IN THE INVENTORY IS AN INDICATOR OF HOW MUCH TIME OR HOW MUCH. PROPERTY THERE IS IN THE MARKET. SO TO ANSWER YOUR QUEST INCREASE IN SALES? I WOULD SAY IT'S IT'S PROBABLY STAYING ABOUT NORMAL ABOUT NORMAL OF THE AMOUNT PLACES THAT ARE AVAILABLE ON THE MARKET. EXACTLY. OKAY. YEAH. AND THERE'S THERE'S SOME OTHER PIECES TO THAT.
BUT THAT'S THE ANSWER I WOULD SAY. ALSO YOU CAN ALWAYS CALL HOW IF YOU GOT ANY MORE QUESTIONS LIKE I DO. YEAH, LOOK AT THAT. LOOK AT THOSE PICTURES LOVE. IT DOESN'T US SOME GREAT PICTURES. LET ME LET ME ASK YOU THIS. WHY PROPERTY ADVISORS ONLY ON OAHU. ARE YOU THIS THROUGHOUT THE STATE? GOOD QUESTION. WE ACTUALLY DO SERVICE THE BIIDG ISLAND AND KAUAI. NOW THAT'S SOMETHING THAT WE JUST STARTED ACTUALLY THIS LAST MONTH. FACT, WE'VE CURRENTLY GOT TO LISTINGS. 2 BEAUTIFUL LISTINGS OVER ANYBODY ON THE BIG ISLAND THAT'S LOOKING FOR A PLACE. WE'VE GOT SOMETHING UP IN HARVEY. WE'VE ALSO GOT SOMETHING IN HAWAIIAN PARADISE PARK RIGHT NOW.
BEAUTIFUL PROPERTY DOWN THERE, BLOCK AWAY FROM THE OCEAN. WE'RE SUPER EXCITEABOUT THAT ONE AS WELL. BUT YEAH, WE'RE SERVICING HOY THE BIG ISLAND AND KAUAI THESE DAYS AS WELL. WE ALSO HAVE A QR CODE AGAIN LIKE WE DID. WE DO. WE TELL ME ABOUT THAT. YES, SO, YOU KNOW, YOU SEE THE QR CODE ON THE SCREEN. BASICALLY WHAT WE DO IS IF YOU WOULD LIKE TO KNOW THE E VALUE OF YOUR HOME, THAT'S THE IMPORTANT QUESTION.
WHAT IS MY HOME WORTH TODAY? IF YOU SCAN THIS QR CODE TODAY, YOU'LL RIGHT FROM YOUR PHONE. THEY'LL BE A LITTLE THING THAT POPS UP AND YOU CAN SEE EXACTLY WHAT A RANGE OF YOUR HOME WOULD BE VALUED AT AND THEN WE'LL BE ABLE TO HELP YOU OUT. BASICALLY FROM INTERVIEWING, YOU DECIDE EXACTLY HOW MUCH THAT HOUSE IS LIKELY GOING TO BRING IN THIS MARKET. THAT'S AWESOME. YEAH. IF SOMEBODY HAS ANY QUESTIONS FOR YOU, I DID TODAY BUT DON'T HAVE THE OPTION OF SITTING.
HOW CAN WE GET IT AFTER THE HPA HOMES DOT COM IS OUR WEB SITE HPA HOMES DOT COM. YOU CAN SEE ON THE SCREEN YOU KNOW, REACH OUT TO US. WE HAVE A GROWING WE'VE ACTUALLY GOT 3 AGENTS NOW, WHICH IS GREAT. WE'RE WE'RE HAPPY TO HELP OUT ANYBODY THAT'S LOOKI TO BUY OR SELL HERE IN THE ISLANDS WARM. THANKFULLY YOU HAVE THE 3 AGENTS BECAUSE THAT ALLOWS YOU THE TIME TO COME DOWN HERE AND VISIT US. HOW THANK YOU FOR THE INFORMATION PRE. SHE ALWAYS SURFING WILL HAVE THAT INFORMATION ON OUR WEBSITE AS LONG AS WELL AS THE QR CODE.
IN CASE YOU MISSED IT. >> AND .
