The Hawaii Kai condo market had 16 sales in July, 2008, ranging from $380,000 for a one bedroom unit in the Esplanade, to $805,000 for a four bedroom home in Kuapa Isle.
Average Days on Market for the month was 62, average price $517,000. Complexes with sold units included the Commodore, Esplanade, Kaimala Marina, Kalele Kai, Koko Isle, Kuapa Isle, Lalea, Marina Palms, Mariners Village 3, Mawaena Kai, Moorings, Naniwa Gardens, and Plaza Hawaii Kai.
These figures compare with June statistics of 13 sales, average Days on Market of 49, and average sales price of $625,000. The small numbers make fluctuations look large, but one or two big sales can significantly impact the average sales price. In June, the low sale was $453,000, a two bedroom unit in the Esplanade, and high sale was $800,000 in the Peninsula at Hawaii Kai.
Visit my Hawaii Kai real estate market analysis page on my web site for full details: http://www.movetohawaiikai.com/Hawaii_Kai_Market_News/page_1893904.html
The Honolulu Board of Realtors issues very complete statistics for monthly sales on Oahu. Contact me for a free copy.
Barbara Abe, Realtor for Hawaii Kai
barbara@barbarashawaii.com
808-226-2537
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