Hawaii Kai, Honolulu, December & Year-end 2010 Real Estate Market Statistics

By
Real Estate Agent with East Oahu Realty

The real estate market in Hawaii Kai continues to strengthen.

Single Family
December, 2010
19 sales
Low price $585,000 in Kalama Valley and Koko Head Terrace, days on market 17 and 83.
High price $2,200,000 in Portlock, days on market 26.  9 sales over $1,000,000.

December, 2009
18 sales
Low price $630,000 in Koko Head Terrace, days on market 10.
High price $1,425,000 in NaPali Haweo, days on market 79.  3 sales over $1,000,000.

2010 Totals
197 sales
Low price (fee Simple) $515,000 in Kalama Valley.  Days on market 42.  (There was a lower Fe Available sale of $311,350 in Kalama Valley.)
High price $7,800,000 in Koko Kai, days on market 64.  61 sales over $1,000,000.

2009 Totals
182 sales
Low price $487,000 in Kalama Valley, days on market 117.
High price $8,250,000 in Koko Kai, days on market 14.  32 sales over $1,000,000.

Condos
December, 2010
19 sales
Low price $370,000 in Mauna Luan, days on market 120.
High price $789,500 in Mawaena Kai, days on market 5.

December, 2009
20 sales
Low price $225,000 in Koko Isle (Fee Available), days on market 4.  Low price Fee simple $341,000 in Lalea, days on market 3.
High price $610,000 in Colony and Kalele Kai, days on market 261 and 31.

2010 Totals
208 sales
Low price $360,000 in Mauna Luan (2), days on market 59 and 18.
High price $1,350,000 in Kalele Kai, days on market 46.  2 sales over $1,000,000, both Kalele Kai.

2009 Totals
187 sales
Low price $225,000 in Koko Isle (see December, above).  Low price Fee simple was $300,000 in Naniwa Gardens, days on market 67.
High price $875,000 in Peninsula, days on market 186. 

Prices and numbers of sales are gradually rising.  Days on market are gradually lowering.  This means, if you are a Buyer, you should start looking now because rates have already started up.  Visit my web site to request in-depth sales reports for any condo complex or neighborhood in Hawaii Kai, and call or email me with any questions on what would best suit your needs.

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Barbara Abe

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