Diamond Head Inventory Down Roughly 30%

By
Real Estate Agent with Harcourts Island Properties RB-20368

I've been tracking the Diamond Head single family home market extensively over the past 7 years. We've typically been averaging 30-33 homes on the market. Today, there are only 23 active listings.  There were some points during those years when there were no listings under $2 million. Today, there are 3.

Diamond Head Homes from Lookout

Right now, there is only home in escrow. Over the past 6 months, there have been 9 sales with an average sales price of $2,570,082. The highest sale was a $5 million home on Papu Circle. Of the homes that sold, they fetched 95% of asking price and took 68 days on average to sell.

Comments (2)

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

We too are seeing a big reduction in the number of listings in the area.

Jun 12, 2012 03:16 AM
David Buck
Harcourts Island Properties - Honolulu, HI
Realtor-Broker

@Tim - Thanks for the feedback. It appears, it's not just an Oahu or Hawaii trend. I'm hearing similar stories all over the US.

Jun 12, 2012 08:11 AM