COVID-19 Affects on Hawaii Real Estate
I thought it would be helpful to write a blog post on my observations during the beginning of the Virus outbreak and its current effect on resort sales and listings. I've included slides from a webinar I watched from CORELOGIC, Strategic Agility in Uncertain Times: Real Estate & Rental. CORELOGIC has a world-class economic forecasting team with commentary on various slides presented. CORELOGIC has access to most MLS systems within the US and Canada, where they can peer into real-time happenings in many markets, including our own in Hawaii, which is insightful. Here is a link to the Webinar:
https://corelogic.zoom.us/webinar/register/2015873986761/WN_XWB88BbURteTZt7j3E5NWQ
My own experiences have been positive regarding listing and selling real estate so far. I have a Canadian buyer client that negotiated a contract during the last few weeks of February to purchase a Mauna Lani condominium. As the news got worse regarding travel bans from China and Europe, the contract negotiations became easier until we were able to agree.
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