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
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For the Month of June - Sold Resale Homes
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Single Family Homes
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Number of Sales
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Average Sales Price
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Area
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2008
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2007
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% Change
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2008
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2007
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% Change
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Kaneohe Area
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15
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34
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-55.88%
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$694,100
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$805,046
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-14.78%
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Condominiums
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Number of Sales
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Average Sales Price
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Area
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2008
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2007
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% Change
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2008
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2007
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% Change
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Kaneohe Area
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11
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21
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-47.62%
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$393,500
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$415,452
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-5.28%
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Year to Date Ending June 30th - Sold Resale Homes
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Single Family Homes
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Number of Sales
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Average Sales Price
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Area
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2008
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2007
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% Change
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2008
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2007
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% Change
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Kaneohe Area
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93
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137
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-32.21%
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$731,901
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$745,125
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-1.87%
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Condominiums
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Number of Sales
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Average Sales Price
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Area
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2008
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2007
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% Change
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2008
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2007
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% Change
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Kaneohe Area
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77
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126
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-30.89%
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$395,615
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$394,946
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+0.17%
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*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
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