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 | ||||||||
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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% | |
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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% | |
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Year to Date Through October 31, 2007 | ||||||||
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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% | |
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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
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Randy L. Prothero, REALTOR®, ABR, AHWD, CRS, e-PRO, GRI, SFR
Century 21 Liberty Homes
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.
Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) and the Leeward Regional Chairman of the Honolulu Board of Realtors. To improve overall professionalism in his area Randy also offers classes for real estate agents.
www.HawaiiRandy.com * Oahu (Honolulu County) Property Search * Hawaii Military Relocations
Randy,
Seems like The Kaneohe communities are doing better than us.
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.