For the average 3/2, with a land area of at least 5,000 square feet and a roofed living area of 1100 square feet the price range in Nanaka Gardens and Honokai Hale, currently runs from:
$262,244 (poor condition) - $341,272 (excellent condition)
DOM means Days on the market AV means average
This below graph shows the price differential with Makakilo, which is on the hillside above Nanakai.
2007
SEVEN Sales av 3/2.5 Land 5781, living area 1203 asking $473000 sold $420,000 DOM 98
2008
TWO Sales av 5/3 5,747 sf land, 1813 living asking $575,000 sold $522,000 190 DOM *(this one is skewed as one of the homes was a new house built in 2007)
2009
NINE Sales av 4/2 5728sf land, 1568 living asking $396,746 sold $381,500 68DOM
2010
ONE Sales 92-753 Paakai St 4 bdr 2 bath 6000 1760 asking $350,000 sold for $320,000
2011
FIVE Sales ($338,580) av 3/2.5 5504 sf land, 1230 living 100 DOM
2012
One in escrow 3/1.5 Land 6000 living 956 92-759 Paakai St asking $350,000, rumor is that it is in escrow for $320,000.
The market in the Nanakai and Honokai neighborhoods have had very little activity. Two reasons possible:
1. homeowners tend to hold on to their homes longer than average in this neighborhood.
2. owners are waiting to put their homes on the market, but will do so when the buyer activity in the area increases.
No fee simple properties are currently for sale as of Jan '12.
If you are a buyer, looking for something in this neighborhood, call me 808-955-1577
If you are thinking of selling, contact me for a free evaluation and analysis. 808-955-1577
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