Tuesday, March 8, 2011

Real Estate Market Activity for Hawaii Kai & Oahu, February, 2011

The real estate market posted positive trends for both Hawaii Kai and island-wide in February.  A graph provided by the Honolulu Board of Realtors shows a steady increase in sales on Oahu for the past 3 years, both in February and year-to-date, and for both single family homes and condos.

Let me know if you would like a complete copy of the comprehensive statistical analysis of our Oahu real estate market. I can email you a .pdf file with charts and graphs, or you can request one on my web site.  Read a synopsis on my Active Rain blog.

Hawaii Kai real estate statistics showed a leveling off in February, but not a decline.  Both Single Family and Condo sales in Hawaii Kai were slow in February, with 7 home sales and 14 condos closed. This compares to 2010 with 7 home sales and 6 condo closings.

Single Family
The 7 sales ranged from $684,000 for a 3/1.5 in Koko Head Terrace to $1,600,000 for a 4/3.5 on a 10,613 SF lot in Kamehame Ridge.  There were 2 sales in Koko Head Terrace, and three of more than $1,000,000. These million-dollar sales were in NaPali Haweo, Spinnaker, and Kamehame Ridge.

The low sale was a FA unit in Mawaena Kai for $448,000, 3/2 with boat slip, main level. The high sale was $785,000 for a waterfront home in Koko Isle.  Of the 14 sales, 3 complexes had the highest number. Colony at the Peninsula, Kuapa Isle, and Lalea each had 2 sales.

As the peak real estate season approaches in Hawaii, I'd like to announce that I have upgraded the search features on both my web sites, http://www.movetohawaiikai.com/ (Search the MLS) and http://www.barbarashawaii.com/ (Home Search).  Please try them out and see if they suit your needs.  I'd like your feedback so I can be sure and tailor the search functions the way you, my web visitor, would like.  Aloha,

Barbara Abe, Realtor