Fresh off the heels of a historic year of record sales in 2014, the Hawaii apartment, or multifamily, real estate market has finally begun to cool off this year, according to a new report.
The multifamily market kicked off 2015 posting total market sales of more than $31 million with 166 units sold, the Honolulu-based Apartment Advisors first quarter report said.
However, total sales were down 21 percent and total units sold were down 15 percent compared to the same period a year ago.
“While…Huwebes, Mayo 21, 2015
Hawaii's record-breaking multifamily real estate market cools off
Fresh off the heels of a historic year of record sales in 2014, the Hawaii apartment, or multifamily, real estate market has finally begun to cool off this year, according to a new report.
The multifamily market kicked off 2015 posting total market sales of more than $31 million with 166 units sold, the Honolulu-based Apartment Advisors first quarter report said.
However, total sales were down 21 percent and total units sold were down 15 percent compared to the same period a year ago.
“While…
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