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 | ||||||||
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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% | |
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Condominiums | ||||||||
| Number of Sales |
| Average Sales Price | |||||
Area | 2007 | 2006 | % Change |
| 2007 | 2006 | % Change | |
Kapolei | 3 | 3 | -- |
| $279,000 | $296,266 | -5.83% | |
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Year to Date Through May 31, 2007 | ||||||||
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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% | |
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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
