Hawaii Randy's Real Estate Opinions: Real Estate Sales Activity in the Kapolei, Hawaii – May 2007

Real Estate Sales Activity in the Kapolei, Hawaii – May 2007

Kapolei is a planned community known as the Second City (makes up part of tax map key 191).

Single Family homes sales have softened.  Average sales prices of single family homes have continued to seen some decreases.  While sales volume was down early in the year, we have seen an increase in May.  Inventory levels are also beginning to drop.  If this trend continues we may see prices begin to climb again.

Condo and townhouse sales are another story.  Inventory has gone down since early in the year.  Sales activity has remained consistent with 2006 levels, while average sales price is down a little.  With reduced inventory and consistent demand prices may begin to climb a little if conditions continue.

Currently (June 29, 2007) under the "Active for Sale Category" there are: 

  • 38 Single Family Homes
  • 11 Condos/ Townhouses

Currently in Escrow:

  • 20 Single Family Homes
  •  6 Condos/ Townhouses

For the Month of May 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kapolei

15

7

+200.14%

 

$515,733

$560,214

-7.94%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kapolei

3

3

--

 

$279,000

$296,266

-5.83%

 

 

 

 

 

 

 

 

Year to Date Through May 31, 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kapolei

48

52

-7.69%

 

$570,800

$609,971

-6.42%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kapolei

23

23

--

 

$293,073

$310,943

-5.75%

*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: 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 • June 29 2007 01:03PM

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