Hawaii Randy's Real Estate Opinions: Kaneohe Real Estate Sales Activity for October 2007

Kaneohe Real Estate Sales Activity for October 2007

The Kaneohe communities (zip code of 96744 and some connecting neighborhoods) have seen changes in the real estate market.

The below figures include both fee simple and leasehold properties.  These are only the totals and average sale prices.

Single Family homes sales have softened. Average sales prices of single family homes have seen some dropping, while sales volume has increased. Inventory levels have decreased to a little over 5 months worth.  This is compared to over 8 months worth of inventory earlier in the year.

Condo and townhouse sales are another story.  Inventory is relatively low and prices have continued to climb.  Sales volume was a little slower earlier in the year; has picked up to similar levels as 2006.

Currently Active for Sale (as of 11/29/07): 

  • 185 Single Family Homes
  •   58 Condos/ Townhouses

Currently in Escrow (as of 11/29/07): 

  •   27 Single Family Homes
  •   17 Condos/ Townhouses

For the Month of October 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kaneohe Area

28

19

+47.37%

 

$728,428

$733,421

-0.68%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kaneohe Area

22

21

+4.76%

 

$445,850

$406,316

+9.73%

 

 

 

 

 

 

 

 

Year to Date Through October 31, 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kaneohe Area

229

223

+2.69%

 

$740,515

$802,197

-7.69%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Kaneohe Area

208

236

-11.86%

 

$406,767

$374,921

+8.49%

*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 2 commentsRandy Prothero • November 29 2007 07:23PM

Comments

Randy,

Seems like The Kaneohe communities are doing better than us.

Posted by Neal Bloom, Realtor CRS-Weston FL Real Estate (eXp Realty) almost 11 years ago

Neal - We have other areas doing even stronger.  There are a couple I am working that are hurting because of over development.  Kaneohe is a more mature community, so they are not competing with the developers.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) almost 11 years ago

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