Here is still another example of why real estate firms and associations need to look at only publishing those statistics on home sales and prices which are favorable.
The intent is to show one area of "promise" for the largest of mansions in Hawaii to potential buyers around the country.
However, this article, based on research from the local Coldwell Banker officials, focuses way too much on the "down" areas.
In this case, the research shows positive trends for homes priced at over $3 million. However, while doing so, it points out the reduction in sales and/or prices in the $1 million to $3 million range, which is more discouraging than helpful.
Just point out the improvement in the $3 million and up range. As I figure it, if a potential buyer that actually buys based on statistical trends wants to know who "their" price range is doing, let them contact their local real estate office to find out.
See for yourself:
3 days ago