Hauula (tax map keys 153 thru 154)
Single family homes have really slowed down dramatically. While sales volume is up, the amount of inventory in comparison, makes this a clear buyer's market. Prices have gone down a little less than 6% compared to the same period of time last year.
With currently supply and demand along with low interest rates buyers, should be able to find the home of their dreams. Seller's will need to price their homes properly and be prepared for the potential that is make take longer to sell their home.
Current Active for Sale (August 2, 2008):
30 Single Family Homes
Currently in Escrow (August 2, 2008):
3 Single Family Homes
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For the Month of July - 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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Hauula
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3
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1
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+200%
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$605,000
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$650,000
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-6.92%
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Year to Date Ending July 31st - 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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Hauula
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10
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7
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+42.85%
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$580,100
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$614,285
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-5.57%
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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
;)
;)
Randy, this is really good information for the residents in the Hauula market. I hope they are fortunate to come across this and seek your interpretation and professional advice.