Kalihi Real Estate Sales Activity for September 2008

By
Managing Real Estate Broker with eXp Realty RB-19250

This report covers areas including: Kalihi Area, Kalihi Valley, Kalihi Uka, Kalihi upper, Kalihi Kai, and Kalihi Lower, which is part of Honolulu, Hawaii.  These numbers reflect only the totals and average sale prices.

Single Family homes sales have softened. Average sales price of single family homes has slipped a little year to date.  The big issue is that sales volume has plummeted considerably.  With more than 9 months worth of inventory and low interest rates buyers will find the Kalihi area a good place to negotiable sellers and the home of their dreams.

Condo and townhouse sales are another story.  Year to date, the average sales price has stabilized while sales volume is down.  In September there were no condo sales in either 2008 or 2007.

Current Active for Sale (as of 10/3/08): 

  •   41 Single Family Homes
  •     7 Condos/ Townhouses

Currently in Escrow (as of 10/3/08): 

  •   10 Single Family Homes
  •     1 Condos/ Townhouses

For the Month of  September - Sold Resale Homes

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Kalihi

4

9

-55.56%

 

$563,250

$545,111

+3.33%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Kalihi

--

--

--

 

--

--

--

 

 

 

 

 

 

 

 

Year to Date Ending September 30th -  Sold Resale Homes

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Kalihi

37

76

-51.32%

 

$614,467

$641,953

-4.21%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Kalihi

13

17

-23.53%

 

$244,230

$241,147

+1.28%

                 

*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: www.HawaiiRandy.com

Or at: 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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Ambassador
1,091,707
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Bout time you put our stats us here :) :)

Looks like things are picking up a bit too :)

Oct 03, 2008 06:06 AM #1
Rainmaker
662,746
Randy Prothero
eXp Realty - Mililani, HI
Hawaii REALTOR, (808) 384-5645

Sally - Islandwide September was pretty rough.  I some of the areas it was still strong.

Oct 03, 2008 06:18 AM #2
Rainmaker
76,393
Ronnie Margolis
KW Kauai - Kapaa, HI
Kauai Realtor - CDPE, ABR, RA - On Top of the Aloh

I'm getting more and more bottom feeder buyer inquiries. Are you seeing that on Oahu too from your mainland buyers?

Oct 03, 2008 09:09 AM #3
Rainmaker
76,393
Ronnie Margolis
KW Kauai - Kapaa, HI
Kauai Realtor - CDPE, ABR, RA - On Top of the Aloh

Randy,

How do you make those nice tables? Do you save from Excel as HTML or???  Inquiring minds want to know.

Oct 03, 2008 09:10 AM #4
Rainmaker
662,746
Randy Prothero
eXp Realty - Mililani, HI
Hawaii REALTOR, (808) 384-5645

Ronnie - I am not getting many mainland buyers in my business.  I do not work the tourist areas as much.

I create the tables in MS Word and then cut and paste them the entire post.  Once it is pasted, I clean it up a little.

Oct 03, 2008 02:03 PM #5
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Rainmaker
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Randy Prothero

Hawaii REALTOR, (808) 384-5645
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