Kaneohe Hawaii Home Price Trends for May 2015
Real estate market data for Kaneohe, HI provided by Bruce Hicks of Best Homes Hawaii.
Kaneohe Home Prices
We have seen 14 straight months of listing price increases on home prices in Kaneohe (click the photo above or here) and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find some decent deals on a house in Kaneohe but having a good real estate agent who understands the market is a must. Even at these prices, some sellers are receiving MULTIPLE offers if they have the property priced at market. Don’t wait on the sidelines for too long, many listings are selling within a few days of hitting the market. To make sure you don't overpay for your home, you'll want us to do a thorough market analysis of the Kaneohe home on which you are making an offer.
If you are interested in how much current inventory is on the market in Kaneohe, click the map below. Low inventory will suggest that homes are moving off the market at a brisk pace.
Currently in Kaneohe neighborhood, homes have a median time of 30 days on the market before they sell. This would suggest that sellers are in a great position to receive solid offers on their home. Sellers should make sure to price their home near the market value and NOT to overprice if they expect to get an offer from one of those interested buyers. Low inventory in Kaneohe has multiple offers coming in on homes. I wouldn't expect home prices to run up quite as fast, since they have already increased overall. Banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. A big institution financial consultant said that he believes the interest rates will remain low for at least the next two years. But low inventory is one indicator that prices should continue to rise steadily.
Kaneohe Real Estate Report Summary
The median Sale price in May 2015 for single family homes in Kaneohe is $786,500. The list prices increased by 13% from the previous year.
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