Harvey Shapiro Quotations

When the market was running at 20 and 15 days, people had to get in line to make offers that were at or above the list price. Now people have more time to make a decision.

Leeward is an area that's continuing to grow, even though the overall market on Oahu has slowed down. It's interesting to note how healthy those sales are in comparison to the rest of the island.

I don't know what to make of it. I think it's just a burp.

The days on the market is higher, but you have to realize that in 2004 and 2005 we were setting records with the speed of sales. It's coming back to a more normal market where you have just a couple of people contending for a property.

That's just the continuing trend. We believe the price will continue to be up even in the face of fewer sales.

The weather was a significant negative factor in the April housing market.

It looks pretty clear that sales volume will decline from record level but will still be high while prices will continue to go up.

It's hard to tell where the neutral point is, but it's fair to say that we are shifting from more of a seller's market to a buyer's market.

It's pretty clear that our market has passed its peak -- which was reached in the third quarter of 2005 -- and we've seen declining unit sales. Prices, however, are still increasing and we expect the prices to continue increasing throughout this year before leveling off.

Even with the higher number of residential sales in March, total sales for the first quarter showed a small decline from last year. This reduced demand, along with the renewed availability of housing, means that the market is moving forward on its path toward stabilization.

Anyone waiting on the sidelines for the price to drop will probably be disappointed. If you were in a position to purchase last year and you had decided to wait, at this point you'd say that it was an awful decision.

In the past year, sellers would put up the price, and there would be three people who wanted to buy at or above the asking price. That kind of demand has really shut down recently.

Because leasehold is so negatively thought of, you might be able to back into a leasehold that fits your needs. Then it would definitely be worthwhile to buy.

If he doesn't investigate the property, his leasehold could end up being more expensive than fee simple.

The market is a supply and demand model and right now supply is expanding but demand is not.