Kaneohe Real Estate Sales Activity for September 2008

By
Managing Real Estate Broker with eXp Realty RB-19250

The Kaneohe communities (zip code of 96744 and some connecting neighborhoods) have seen changes in the real estate market. 

Single Family homes sales have softened. Average sales prices of single family homes year to date are up slightly.  In the month of September we saw a slight dip that was mostly attributed to an increase in sales volume of lower priced homes.  Sales volume saw a bump in September, but year to date is still down form the 2007 levels.  Inventory levels are high with more than a years worth of inventory.  If current conditions continue buyers will find sellers may be a little more negotiable.

Condo and townhouse prices are a little rosier.  Inventory level has climbed to over a years worth in the Kaneohe area.   Prices although year to date have seen stable, but with the inventory levels climbing we may see pricing pressure on the sellers.  Buyers should be able to find room to negotiate on many of the condos for sale in the Kaneohe area.

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

  • 215 Single Family Homes
  • 116 Condos/ Townhouses

Currently in Escrow (as of 10/3/08): 

  •   32 Single Family Homes
  •   22 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

Kaneohe Area

19

13

+46.15%

 

$672,157

$758,461

-11.38%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Kaneohe Area

12

20

-40.00%

 

$430,916

$432,020

-0.26%

 

 

 

 

 

 

 

 

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

Kaneohe Area

158

201

-21.40%

 

$742,199

$724,122

+2.50%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Kaneohe Area

111

186

-40.32%

 

$401,472

$402,144

-0.17%

                 

*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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Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

Randy - very nice market report. I appreciate reading the comparisons from last year.

Oct 08, 2008 01:57 AM #1
Rainmaker
662,746
Randy Prothero
eXp Realty - Mililani, HI
Hawaii REALTOR, (808) 384-5645

Sharon - I find putting these together helps me in my business also.

Oct 08, 2008 12:40 PM #2
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Randy Prothero

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