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Hawaii News

Honolulu homes are underpriced, academic study claims

CINDY ELLEN RUSSELL / CRUSSELL@STARADVERTISER.COM
                                This home in the Laulani neighborhood of Ewa by Gentry illustrates the existing seller’s market in Honolulu. The home was listed on Oct. 2 for $830,000, went into escrow six days later and closed Nov. 16 at a price of $860,000. An academic study, however, claims that Honolulu homes have been selling at a “discount” this year.
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CINDY ELLEN RUSSELL / CRUSSELL@STARADVERTISER.COM

This home in the Laulani neighborhood of Ewa by Gentry illustrates the existing seller’s market in Honolulu. The home was listed on Oct. 2 for $830,000, went into escrow six days later and closed Nov. 16 at a price of $860,000. An academic study, however, claims that Honolulu homes have been selling at a “discount” this year.