The Honolulu Board of Realtors said sales of existing single-family homes last month fell 21 percent to 129, and the median price declined 8 percent to $555,000 from the same month last year.

Condominium sales fell 50 percent to 160, and the median price declined 11 percent to $297,000.

For the first two months of the year, the median single-family home price is down 8 percent, while the condo price is down 9 percent

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$8,000 First-Time Home-Buyer Tax Credit is Available NOW

 The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.  The credit does not require repayment.  Most of the mechanics of the credit will be the same as under the 2008 rules:  the credit will be claimed on a tax return to reduce the purchaser’s income tax liability.  If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

Click here for more information
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FORECLOSURES

Right now we are seeing foreclosures at all time highs. We are seeing home values decrease and properties over-leveraged. Could this be the time for you to buy a foreclosed property? Deciding to invest in foreclosures is an important step, and investing in a foreclosure may be right for you. Regardless, take the time to prepare yourself for the process of purchasing a property in foreclosure. It is important to learn the risks and rewards associated with the foreclosure property market.

We have put together a comprehensive list of updated foreclosures that you can access anytime!

Try it FREE for 2-weeks right here

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Thinking of selling your home?

27 Quick & Easy Fix Ups to Sell Your Home Fast and for Top Dollar

Because your home may well be your largest asset, selling it is probably one of the most important decisions you will make in your life. And once you have made that decision, you’ll want to sell your home for the highest price in the shortest time possible without compromising your sanity. Before you place your home on the market, here’s a way to help you to be as prepared as possible.

To assist homesellers, a new industry report has just been released called “27 Valuable Tips That You Should Know to Get Your Home Sold Fast and for Top Dollar.” It tackles the important issues you need to know to make your home competitive in today’s tough, aggressive marketplace.

Through these 27 tips, you will discover how to protect and capitalize on your most important investment, reduce stress, be in control of your situation, and make the most profit possible.

In this report you’ll discover how to avoid financial disappointment or worse, a financial disaster when selling your home. Using a common-sense approach, you get the straight facts about what can make or break the sale of your home.

You owe it to yourself to learn how these important tips will give you the competitive edge to get your home sold fast and for the most amount of money.

Order your free report NOW.

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Don’t forget to enter for your chance to win a trip for 2 to Las Vegas courtesy of Vacations Hawaii. Enter here

  ________________________________________________________________________________________________________________________________________   The Hawaii Real Estate Report advantage. Contact us if you have questions on any of the items below:

• New way to build with Autoclave Aerated Concrete: termite proof, fireproof, soundproof, hurricane and earthquake resistant at affordable prices
• Affordable condos in town at: www.2765Kapiolani.com
• Do you know of anyone looking to buy or sell a home soon? Let us know and you could earn thousands of dollars through our referral program
• FREE Real Estate Pre-licensing Class - Contact us for more information
• Want to learn about foreclosures in Hawaii? Click here
• We’ll contribute 25% of our commission to your favorite charity

Watch our show: The Hawaii Real Estate Report on OC16 – Saturdays @ 9:30 PM
Repeats: Sunday 3:30AM & 12:30 PM; Monday 11:30 PM; Tuesday 5:30AM & 9:30 AM; and Friday 11:00 AM
www.HawaiiRealEstateReport.com  

Jeff Orig (Realtor-Associate)  & Scott Sakata (Realtor)
Abe Lee Realty
1585 Kapiolani Blvd., #1533
Honolulu, HI 96814
Phone: Toll Free 1-888-587-9362
Fax: 808-356-0414
Email: team@hawaiirealestatereport.com

Jeff Orig, RA – Mobile Phone:  808-561-1651
Scott Sakata, R – Mobile Phone:  808-228-4916