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Local Market Update: Diamond Head & Kapahulu July 2016

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763

 Market Report - Diamond Head & Kapahulu July 2016 - HI Pro Realty LLC

 

Local Market Update:

The Diamond Head & Kapahulu neighborhoods of Honolulu July 2016


 

 

Single Family Homes

July

Year to Date

2016 2015 Change

2016 2015 Change

New Listings

32 / 24  33%

191 / 189  1%

Closed Sales

10 / 18  -44%

104 / 136  -24%

Median Sales Price

$893,000 / $832,500 7%

$930,000 / $865,000 8%

Percent of Original List Price Received

94.0% / 99.8%  -6%

97.9% / 96.8%  1%

Median Days on Market Until Sale

20 / 28  -29%

20 / 24  -17%

Inventory of Homes for Sale

86 / 85  1%

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 Barefoot Beach Cafe - Diamond Head

 

 

Condos

July

Year to Date

2016 2015 Change

2016 2015 Change

New Listings

14 / 12  17%

87 / 92  -5%

Closed Sales

4 / 11  -64%

45 / 60  -25%

Median Sales Price

$516,000 / $575,000 -10%

$550,000 / $557,000 -1%

Percent of Original List Price Received

94.6% / 98.3%  -4%

99.3% / 96.0%  3%

Median Days on Market Until Sale

41 / 14  193%

42 / 28  50%

Inventory of Homes for Sale

63 / 59  7%

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Posted by

Crypto Certified Agent - By Propy 

HI Pro Realty LLC

REALTORS®, PROPERTY MANAGERS® 

We are a boutique brokerage firm offering responsive, dedicated, and professional Real Estate Sales and Pet Friendly Management Services in Honolulu, Hawai'i. 

 

                Office: (808) 941-8866   Mobile: (808) 926-7667

 

Comments (3)

Garreth Wilcock
Sherlock Homes Frisco - Frisco, TX
Sherlock Homes Frisco

Great market report, Kimo! Keep blogging! Thanks for sharing this! All the best!

Aug 23, 2016 11:31 PM
Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

Couldn't help but notice the 'median days on the market before sale' in both single family homes and condos. That is pretty remarkable, isn't, Kimo?  

Aug 24, 2016 03:32 PM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Garreth Wilcock - Thank you for stopping by and commenting!

 

Aloha Jane Chaulklin-Schott - median days of market has definitely increased this past July and it's reflective of the down-tick in sales for the month. It will be interesting to see what the Gold Coast has in inventory next month.

Aug 25, 2016 03:08 AM