This report covers areas including: Kalihi Area, Kalihi Valley, Kalihi Uka, Kalihi upper, Kalihi Kai, and Kalihi Lower, which is part of Honolulu, Hawaii. These numbers reflect only the totals and average sale prices.
Single Family homes sales have softened. Average sales price of single family homes has slipped a little year to date. The big issue is that sales volume has plummeted considerably. With more than 9 months worth of inventory and low interest rates buyers will find the Kalihi area a good place to negotiable sellers and the home of their dreams.
Condo and townhouse sales are another story. Year to date, the average sales price has stabilized while sales volume is down. In September there were no condo sales in either 2008 or 2007.
Current Active for Sale (as of 10/3/08):
Currently in Escrow (as of 10/3/08):
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For the Month of September - Sold Resale Homes |
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Single Family Homes |
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Number of Sales |
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Average Sales Price |
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Area |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Kalihi |
4 |
9 |
-55.56% |
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$563,250 |
$545,111 |
+3.33% |
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Condominiums |
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Number of Sales |
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Average Sales Price |
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Area |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Kalihi |
-- |
-- |
-- |
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-- |
-- |
-- |
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Year to Date Ending September 30th - Sold Resale Homes |
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Single Family Homes |
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Number of Sales |
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Average Sales Price |
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Area |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Kalihi |
37 |
76 |
-51.32% |
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$614,467 |
$641,953 |
-4.21% |
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Condominiums |
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Number of Sales |
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Average Sales Price |
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Area |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Kalihi |
13 |
17 |
-23.53% |
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$244,230 |
$241,147 |
+1.28% |
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*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.
You can find out more about real estate in Hawaii at: www.HawaiiRandy.com
Or at: www.localism.com
Associate Broker, ABR, AHWD, CRS, e-PRO, GRI "Not Just Another Pretty Face" Hawaii’s VA/Military/ 1st time buyer’s expert. My aggressive marketing programs bring top dollars for sellers.
To Start an Argument – Just Talk About Higher Standards
Mililani, Hawaii - Real Estate Sales Activity for June 2008
Hawaii – State Wide Resale Home Sales for June 2008
Waipio Gentry - Real Estate Sales Activity For June 2008
Wahiawa & Whitmore Village – June 2008 Real Estate Sales Activity
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Sally - Islandwide September was pretty rough. I some of the areas it was still strong.
I'm getting more and more bottom feeder buyer inquiries. Are you seeing that on Oahu too from your mainland buyers?
Randy,
How do you make those nice tables? Do you save from Excel as HTML or??? Inquiring minds want to know.
Ronnie - I am not getting many mainland buyers in my business. I do not work the tourist areas as much.
I create the tables in MS Word and then cut and paste them the entire post. Once it is pasted, I clean it up a little.