In the first six months of 2014 there were nine sales at Coconut Plantation, compared with seven sales during the first half of 2013. Pictures (well, tables in this case) often speak louder than words.
The average selling price during the first six months of this year was $688,111. In 2013 for this same period the average selling price was $752,929. However in 2013 most of the sales were three and four bedroom units, whereas the first half of 2014 saw primarily two bedrooms sold.
Price per square foot - in 2014 year to date it's $495. Last year, it was $459 per square foot. Prices are steadily moving up.
Some buyers feel that the market has already bubbled and speculate about a market crash. Actually, some of the owners are still selling at a loss. Those who bought just prior to the recession paid higher prices than current market values. Owners who bought when Coconut Plantation was initially offered (2002-2004) purchased at lower prices.
Coconut Plantation is a gated community with two swimming pools, garages and some of the units have golf course frontage. Pet friendly and close to the beach.
View Coconut Plantation townhomes for sale here
Michael Bates (Realtor Associate)
Shirokiya Residential Estates
1585 Kapiolani Blvd #1533
Honolulu, HI 96814
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