Hawaiians Investing in OC Real Estate?

Seems that Hawaiian investors who are still priced out of the real estate market in their home state are turning to Orange County for investment opportunities.   According to the article in the Honolulu Advertiser, the collapse of mainland real estate markets, particularly in California, has created tremendous investment opportunities for Hawaiian investors.

How can you tell that OC real estate is such a great opportunity right now? According to the Hawaiian Real Estate company Inet Realty….Follow the pros. Professional real estate investors lead the markets while amateur investors chase the markets. Right now, the pros are buying in OC. A leading indicator of real estate markets is the Months of Remaining Inventory (MRI). It is used to gauge the type of market at any given time. 12 months ago, OC’s MRI was at 17 months; an extremely strong buyer’s market. In less than a year, OC’s MRI is down to 5 months, considered to be a neutral market. Take one guess as to who’s buying all of that real estate? It is no longer a buyer’s market in Orange County and our investors are competing with multiple buyers on every offer they make. Inet Realty, which has offices in Honolulu and Orange County, has helped many investors reposition their real estate holdings from Oahu to Orange County and triple their returns on investment and cash flows.

So is this a marketing pitch or a true reading of the OC Real Estate market?   Maybe it’s time for the OC Real Estate agents to weigh in….