Hawaii Kai, Honolulu, December & Year-end 2010 Real Estate Market Statistics

The real estate market in Hawaii Kai continues to strengthen.

Single Family
December, 2010
19 sales
Low price $585,000 in Kalama Valley and Koko Head Terrace, days on market 17 and 83.
High price $2,200,000 in Portlock, days on market 26.  9 sales over $1,000,000.

December, 2009
18 sales
Low price $630,000 in Koko Head Terrace, days on market 10.
High price $1,425,000 in NaPali Haweo, days on market 79.  3 sales over $1,000,000.

2010 Totals
197 sales
Low price (fee Simple) $515,000 in Kalama Valley.  Days on market 42.  (There was a lower Fe Available sale of $311,350 in Kalama Valley.)
High price $7,800,000 in Koko Kai, days on market 64.  61 sales over $1,000,000.

2009 Totals
182 sales
Low price $487,000 in Kalama Valley, days on market 117.
High price $8,250,000 in Koko Kai, days on market 14.  32 sales over $1,000,000.

Condos
December, 2010
19 sales
Low price $370,000 in Mauna Luan, days on market 120.
High price $789,500 in Mawaena Kai, days on market 5.

December, 2009
20 sales
Low price $225,000 in Koko Isle (Fee Available), days on market 4.  Low price Fee simple $341,000 in Lalea, days on market 3.
High price $610,000 in Colony and Kalele Kai, days on market 261 and 31.

2010 Totals
208 sales
Low price $360,000 in Mauna Luan (2), days on market 59 and 18.
High price $1,350,000 in Kalele Kai, days on market 46.  2 sales over $1,000,000, both Kalele Kai.

2009 Totals
187 sales
Low price $225,000 in Koko Isle (see December, above).  Low price Fee simple was $300,000 in Naniwa Gardens, days on market 67.
High price $875,000 in Peninsula, days on market 186. 

Prices and numbers of sales are gradually rising.  Days on market are gradually lowering.  This means, if you are a Buyer, you should start looking now because rates have already started up.  Visit my web site to request in-depth sales reports for any condo complex or neighborhood in Hawaii Kai, and call or email me with any questions on what would best suit your needs.