Hawaii Kai Real Estate Market Still Healthy
According to the East Oahu Sun, East Oahu residential real estate is still in a healthy market cycle. Year-to-date, the median sold price for single-family homes is $800,000 and for condominiums it is $450,000, the highest median prices for all of Oahu.
For each area in East Oahu, Kapahulu-Diamond Head through Hawaii Kai, the median price for all inventory reached over $1.1 million. However, the spectrum widened for May’s new listings with a low of $879,000 in Kapahulu-Diamond Head and a high of $1,695,000 in Aina Haina-Kuliouou.
East Oahu almost always has a stronger market than most of the island, holding values over time and through the up and down cycles. While it still has market fluctuations, its prime location and amenities allow Hawaii Kai, especially, to recover from any downtrends faster than Oahu in general.
The 1st Time Buyer Credit doesn't expire until Nov. 30 and Congress is moving toward an extension. With our great prices and still low rates, don't let this opportunity pass you by. Contact me for Hawaii Kai real estate market information about any area or condo complex.
Barbara Abe, Realtor
808-226-2537
barbara@barbarashawaii.com
(read the full article at the EastOahuSun.com)