Hawaii Kai Real Estate Market Update for January, 2010
The real estate market in Hawaii Kai is showing signs of life and renewal - inventory has risen, and sales numbers have improved.
Hawaii Kai Condos
15 sales closed, the lowest $360,000 for a 1/1 in the Mauna Luan, the highest, $738,000 for a 3/2.5 for a waterfront unit in Peninsula II.
This compares to January, 2009, when 10 homes sold, with a low of $300,000 for a 1/1 in Naniwa Gardens, and a high of $655,000 in Moana Kai, sold prior to listing.
For the last 6 months, 107 condos sold, with a low price of $225,000 for a Fee Available home in Koko Isle, and a high of $875,000 in Peninsula I.
Single Family Homes
10 sales closed, the lowest $704,000 in Mariners Valley, and the highest, $1,225,000 in Triangle.
This compares to January, 2009, when 8 homes sold, with a low of $637,000 in Kamiloiki to a high of $1,000,000 in Triangle.
For the last 6 months, 106 homes sold, with a low price of $515,000 in Kalama Valley and a high of $2,500,000 in Triangle.
It is hard to read much into statistical events with only 15 or 10 units, but I know personally that Realtors are busier and the phone is ringing again. There are currently 80 active single family listings and 41 active condo listings.
Contact me for an analysis of any neighborhood or condo complex, and request my free neighborhood and condo reports for relevant, current sales information.
Barbara Abe
808-226-2537
barbara@barbarashawaii.com