July 2007 Real Estate Sales Activity for Ocean Pointe

By
Managing Real Estate Broker with eXp Realty RB-19250

Ocean Pointe a planned community in Ewa Beach, Hawaii (makes up part of tax map key 191).

Single Family homes: Although year to date average sales prices of single family homes arte down a little from 2006, we saw a little bit of a rebound in June and July.  Sales volume is still down from 2006 levels.  Inventory has come down a little but we are still looking at 6 months worth.  Buyers will continue to find sellers that may be a little negotiable.

Condo and townhouse sales are another story.  June and July inventory levels are similar to single family homes, which is an improvement over the May numbers.  Sales volume has shown drops over 2006 levels.  Average sales prices were coming up in the last two months, but did soften a little in July.

Currently (August 10, 2007) under the "Active for Sale Category" there are: 

  • 54 Single Family Homes
  • 30 Condos/ Townhouses

Currently in Escrow:

  •   9 Single Family Homes
  • 10 Condos/ Townhouses

For the Month of July 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Ocean Pointe

10

5

+100.00%

 

$622,705

$583,000

+6.81%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Ocean Pointe

4

8

-50.00%

 

$381,500

$421,750

-9.54%

 

 

 

 

 

 

 

 

Year to Date Through July 31, 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Ocean Pointe

55

60

-8.33%

 

$590,954

$597,700

-1.13%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Ocean Pointe

32

53

-39.62%

 

$415,351

$421,839

-1.54%

*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: http://www.hawaiirandy.com/

Or at: http://www.localism.com/

 

Posted by

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®

Broker-in-Charge, ABR, AHWD, CRB, CRS, e-PRO, GRI, MRP, SFR

eXp Realty

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.  His luxury home listings sell faster and for more money.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

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Rainmaker
312,325
John Occhi
Mason Real Estate - Temecula, CA
SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Looks like even  your market is starting to take a hit.  Have yuou seen a drop in the number of REALTORS®?

Now Have a Blessed Day,

John Occhi, Hemet CA REALTOR®
Mission Grove Realty

Aug 14, 2007 04:19 PM #1
Rainmaker
662,342
Randy Prothero
eXp Realty - Mililani, HI
Hawaii REALTOR, (808) 384-5645

John - Ocean Pointe and the surrounding area has several new homes developers that have caused those communities resale homes to soften.  Many other areas are stiull going strong.

We will be losing many agents because they got in the market when everything was flying off the list and they never learned their trade.  Now that the market has normalized they actually need to do their job and they do not know how.

Aug 14, 2007 07:52 PM #2
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Rainmaker
662,342

Randy Prothero

Hawaii REALTOR, (808) 384-5645
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