This report covers areas including: Kalihi Area, Kalihi Valley, Kalihi Uka, Kalihi upper, Kalihi Kai, and Kalihi Lower, which is part of Honolulu, Hawaii. These numbers reflect only the totals and average sale prices.
Single Family homes sales have softened. Average sales price of single family homes has slipped a little year to date. The big issue is that sales volume has plummeted considerably. With more than 9 months worth of inventory and low interest rates buyers will find the Kalihi area a good place to negotiable sellers and the home of their dreams.
Condo and townhouse sales are another story. Year to date, the average sales price has stabilized while sales volume is down. In September there were no condo sales in either 2008 or 2007.
Current Active for Sale (as of 10/3/08):
- 41 Single Family Homes
- 7 Condos/ Townhouses
Currently in Escrow (as of 10/3/08):
- 10 Single Family Homes
- 1 Condos/ Townhouses
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For the Month of September - 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 |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Kalihi |
4 |
9 |
-55.56% |
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$563,250 |
$545,111 |
+3.33% |
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Condominiums |
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Number of Sales |
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Average Sales Price |
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Area |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Kalihi |
-- |
-- |
-- |
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-- |
-- |
-- |
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Year to Date Ending September 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 |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Kalihi |
37 |
76 |
-51.32% |
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$614,467 |
$641,953 |
-4.21% |
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Condominiums |
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Number of Sales |
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Average Sales Price |
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Area |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Kalihi |
13 |
17 |
-23.53% |
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$244,230 |
$241,147 |
+1.28% |
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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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