Hawaii Randy's Real Estate Opinions: Kaneohe Real Estate Sales Activity for June 2008

Kaneohe Real Estate Sales Activity for June 2008

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

Single Family homes sales have softened. Average sales prices of single family homes year to date are down slightly, mostly as a result of a dip in June.  Sales volume continues to drop with more than 12 months worth of inventory.  Buyers will find sellers that may be a little more negotiable.

Condo and townhouse sale are a little rosier.  Units for sale have climbed to 10 months worth of inventory in the Kaneohe area.   Prices although year to date have been stable, did see a dip in June from the 2007 levels.

Currently Active for Sale (as of 7/26/08): 

  • 195 Single Family Homes
  • 129 Condos/ Townhouses

Currently in Escrow (as of 7/26/08): 

  •    36 Single Family Homes
  •    15 Condos/ Townhouses

For the Month of  June - Sold Resale Homes

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Kaneohe Area

15

34

-55.88%

 

$694,100

$805,046

-14.78%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Kaneohe Area

11

21

-47.62%

 

$393,500

$415,452

-5.28%

 

 

 

 

 

 

 

 

Year to Date Ending June 30th -  Sold Resale Homes

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Kaneohe Area

93

137

-32.21%

 

$731,901

$745,125

-1.87%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Kaneohe Area

77

126

-30.89%

 

$395,615

$394,946

+0.17%

                 

*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: 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 • July 26 2008 04:55PM

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