HONOLULU (KHON2) — ‘Don’t wait to buy,’ that’s the advice from experts as the Hawaii real estate market continues to heat up with no signs of cooling down.
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Locations Hawaii reports, in May, another record median price for single family homes at $985,000. That number is expected to jump to $1 million by this summer.
“It is mostly local families,” said Jason Lazzerini, Locations Hawaii President and CEO. “I think it’s starting to become more common where you see mainland folks coming in and trying to buy second homes here or trying to work remotely here. That’s definitely true from the west coast, and so you’re seeing now the local market competing with some of the mainland market.”
Neighborhoods that are…