Hawaii Market at A Glance!

In last week's blog, I discussed the stats for home and condo sales in Sept and what the trend may be in October.

This week we'll identify neighborhoods that are reflecting the first indications of Stage One of the Real Estate Cycle.

Stage One is when unit sales are above prior year sales and median sales prices are slightly below to even with prior year. Three months of these tendencies in a neighborhood would confirm a stage one trend.

For single family homes in September, the following single family neighborhood was exhibiting stage one tendencies:

Units Sold vs Pr Yr Median Sales Price vs Pr Yr

Waipahu 7 vs 13 $493,000 vs $$511,000

Stage 2 is when unit sales are above prior year and median sales prices are above prior year. The following single family neighborhoods exhibited stage 2 tendencies:

Hawaii Kai 25 vs 7 $830,000 vs $665,000

Windward Coast 4 vs 3 $492,500 vs $444,000


Stage One Condo Neighborhoods:

Kalihi/Palama 10 vs 5 $291,500 vs $292,900

Ala Moana/Kakaako 38 vs 21 $425,000 vs $415,000

Hawaii Kai 21 vs 15 $510,000 vs $511,000

Mililani 26 vs 18 $294,000 vs $297,000


Stage Two Condo Neighborhoods:

Moanalua/Salt Lake 26 vs 14 $300,000 vs $294,000

Makakilo 8 vs 5 $275,908 vs $247,200

How does this affect you if you're a Buyer or Seller?

Contact Dwight Ellis at 808 351-1507 for more information!