Hawaii Randy's Real Estate Opinions: Real Estate Sales Activity in the Village Park

Village Park is a community in Waipahu, Hawaii (makes up part of tax map key 194).

Single family home prices have leveled off and even shown a slight softening in the last half of 2006

There are not enough sales of condos and townhouses in Royal Kunia to draw any scientific conclusions, but the prices have consistently climbed during the tracking period.

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

Here are number of single family homes sold in Village Park:

2007:                                                                                       Average Sales Price:

• Today                                       17 homes active for sale
• Today                                      12 homes in escrow
• January 2007                              3 homes sold                                   

Previous periods:                                                    

• 7/1/06 through 12/31/06:         32 homes sold                         $520,410
• 1/1/06 through 6/30/06            27 homes sold                         $517,700
• 7/1/05 through 12/31/05          27 homes sold                         $460,429
• 1/1/05 through 6/30/05            35 homes sold                         $408,388
• 7/1/04 through 12/31/04          34 homes sold                         $368,155                    

Here are the number of condos and townhouses sold in the Village Park:

2007:                                                                                       Average Sales Price:

• Today                                         0 homes active for sale        
• Today                                        1 homes in escrow
• January 2007                              0 homes sold                                   

Previous periods:

• 7/1/06 through 12/31/06:           2 homes sold                         $279,500
• 1/1/06 through 6/30/06              4 homes sold                         $245,625        
• 7/1/05 through 12/31/05            4 homes sold                         $249,250
• 1/1/05 through 6/30/05              3 homes sold                         $192,000                    
• 7/1/04 through 12/31/04            8 homes sold                         $159,019

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