Hawaii Randy's Real Estate Opinions: July 2007

June 2007 Real Estate Sales Activity for Ocean Pointe, Hawaii

Ocean Pointe a planned community in Ewa Beach, Hawaii (makes up part of tax map key 191).

Single Family homes: Although year to date average sales prices of single family homes have seen some dropping, we saw a little bit of a rebound in June.  Sales volume is still down from 2006 levels.  Inventory has come down a little but we are still looking at 7 months worth.  Buyers will continue to find sellers that may be a little negotiable.

Condo and townhouse sales are another story.  Inventory levels are similar to single family homes, which is an improvement over May numbers.  Sales volume has shown drops over 2006 levels, while average sales prices have had a little bit of an upturn over earlier this year.

Currently (July 7, 2007) under the "Active for Sale Category" there are: 

  • 54 Single Family Homes
  • 34 Condos/ Townhouses

Currently in Escrow:

  •   8 Single Family Homes
  •   3 Condos/ Townhouses

For the Month of June 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Ocean Pointe

9

11

-18.12%

 

$593,122

$577,694

+2.67%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Ocean Pointe

8

11

-17.23%

 

$434,877

$415,318

+4.71%

 

 

 

 

 

 

 

 

Year to Date Through June 30, 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Ocean Pointe

45

55

-18.18%

 

$583,898

$599,037

-2.53%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Ocean Pointe

28

45

-37.78%

 

$420,186

$421,855

-0.40%

  

*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: http://www.hawaiirandy.com/

Or at: http://www.localism.com/

 

 

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®

Broker-in-Charge, ABR, AHWD, CRB, CRS, e-PRO, GRI, MRP, SFR

eXp Realty

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.  His luxury home listings sell faster and for more money.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

Comment balloon 0 commentsRandy Prothero • July 07 2007 11:52PM
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