Tuesday, March 25, 2008

Prices Remain Stable in Hawaii Kai in 2008

Real Estate Prices Hold in Hawaii Kai

A recent article in the Honolulu Advertiser confirms what Realtors here in Hawaii Kai have always known: the desirability of living on this beautiful east shore of Oahu supports real estate values and keeps sales steady.

Many Homes are Waterfront

Called a "blue chip neighborhood," the article notes that many homes are waterfront which, of course, is the most valuable real estate on the whole island. Other homestyles include luxurious condos, affordable townhomes, hilltop estates with panoramic views - everything from low maintenance to boat docks. The many choices for buyers keeps the supply and demand well balanced.

Median Prices in 2007

According to the Honolulu Board of Realtors, condominiums in the geographic area of Hawaii Kai ranked as the most expensive on Oahu in the fourth quarter of 2007, with a median sales price of $585,000. The median price for single-family homes during the same period was $919,900.

A Special Place to call Home

With a high owner-occupant ratio, and the availability of every water sport, the community appeals to all age groups and lifestyles. Pride of ownership is obvious throughout the neighborhoods, and most residents wouldn't live anywhere else on the island.

As the busy selling season of June through September approaches, buyers should realize the price drops seen on the mainland and in other parts of Oahu have not happened in Hawaii Kai. Real estate in Hawaii Kai has been a very good investment. Contact me for details!

Barbara Abe
East Oahu Realty

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