Hawaii Kai Real Estate Market Stats for August, 2009
Single Family
Based on data from the Honolulu Board of Realtors, 15 homes sold in August compared to 11 last year, with a median sales price of $816,000 compared to $779,000 in 2008. Year-to-date, 105 homes have sold in Hawaii Kai, with a median price of $765,000 compared to 114 sales and $852,500 last year.
Condos
19 condos sold in August in Hawaii Kai with a median price of $575,000, vs 17 sales last year, with the same median price. Year-to-date, 117 condos have sold vs 137 last year, with a median price of $485,000 vs $545,000 in 2008.
Inventory
The statistics for East Oahu, which include Kuliouou and Aina Haina, show 7.6 months of inventory vs 8.5 last year for single family homes. For condos, 6.6 months remained in August compared to 7.6 months in 2008.
For sellers, this is definitely positive information with trends going the way of increased prices and lower inventory, even if slightly. The $8,000 tax credit for 1st Time Buyers ends Nov. 30, so you should start looking and get pre-approved now to take advantage of the government help to buy your Hawaii Kai Home.
Barbara Abe, Realtor
808-226-2537
barbara@barbarashawaii.com