Hawaii Real Estate News

Jan. 31, 2011

January 30 thru 31 2011 Hawaii Sold Properties

Latest Honolulu Sold Listings 

Here you will find Honolulu newest MLS Sold Properties
Save yourself time, you can search for Oahu Real Estate Listings for Homes and Condos on Oahu.

Single Family Report

RES - Closed Listings

RES

ML#

TMK

Address

Nbrhd

Land SqFt

Living SqFt

Beds

Baths

 

LT

 

Sold Price (SP)

 

Report Date

1

1009093

137

723 Moaniala St

HAWAII LOA RIDGE 

9140 

3637 

 

FS 

 

$1,575,000

 

 

1/31/2011 

2

1015427

142

1066 Loho St

KEOLU HILLS 

7991 

1100 

 

FS 

 

$569,000

 

 

1/31/2011 

3

1012677

145

45521 Halekou Rd

HALE KOU 

3676 

1931 

 

FS 

 

$705,000

 

 

1/31/2011 

4

1010798

175

2134 Puu Pl

WAHIAWA HEIGHTS 

5017 

700 

 

FS 

 

$304,900

 

 

1/31/2011 

5

1014249

187

87 107 Kulaaupuni St

MAILI 

1701 

 

FS 

 

$275,000

 

 

1/30/2011 

6

1014115

187

87-450 Kaukama Rd

 

4852 

1464 

 

FS 

 

$448,000

 

 

1/31/2011 

7

1014581

192

921431 Punawainui St

MAKAKILO-WAI KALOI 

6500 

1856 

 

FS 

 

$640,000

 

 

1/31/2011 

Date/Time Range: Jan 30, 2011 00:00 - Jan 31, 2011 23:59


Posted in Market Update
Jan. 30, 2011

Investing in Real Estate in Kauai, Hawaii

When people are looking to invest into homes in Kauai, Hawaii, whether it is to make a profit or to invest for themselves, there are many reason why they pick the area of Kauai. However, for those that are just now beginning to think about the investment opportunities in Hawaii, they need to consider why they should pick Kauai to invest in.

 

For starters, the homes in the area are only expected to rise in value of the years, since this is a prime location that many people want to live at. Right now, the housing market is a buyer market which means that you could possible get a home for much lower than you expect and in a few years almost double your investment. Which is great news to anyone who is considering real estate investment.

 

Secondly, for those that are looking to invest in order to turn a profit, such as putting the home as a vacation rental or whatnot, then the crime rate of the area is going to be one of the main selling points. The crime rate in Kauai, is one of the lowest in all of the United States and because of this, many people want to live in the area.

 

The community in which these homes are located is full of close knit members. Those that live in the area are all about helping one another and making sure that their neighbors are enjoying the neighborhood. For those that are looking to invest in the area this could make the difference between a house that you simply live in and a home that is where you want to be. In addition the schools and medical facilities in the area is some of the best in all of Hawaii. This is a great selling point for those that are moving to the area with families.

 

The climate and scenery in Kauai is a main reason that many people choose this area. Everyday is like a day in paradise with what many people consider to be the best scenery in all of Hawaii, plus the weather is something that most people cannot get enough of. The weather is rather mild, allowing people to never have to worry about a jacket and wear shorts all year long.

 

Overall, when considering places to invest in real estate, Kauai is going to be at the top of the list for those that are looking for a peaceful place to spend the rest of their lives that is still considered a tight knit community.

Posted in Kauai Real Estate
Jan. 29, 2011

January 28 thru 29th 2011 Oahu Hawaii Sold Properties

Todays Honolulu Sold Listings 

Here you will find Honolulu newest MLS Sold Properties
Save yourself time, you can search for Hawaii Real Estate for Homes and Condos on Oahu.

Single Family Report

RES - Closed Listings

RES

ML#

TMK

Address

Nbrhd

Land SqFt

Living SqFt

Beds

Baths

 

LT

 

Sold Price (SP)

 

Report Date

1

1011871

111

4425 Likini St

ALIAMANU 

5092 

962 

 

FS 

 

$485,000

 

 

1/28/2011 

2

1015029

129

2916 Kalawao St

MANOA AREA 

8082 

2876 

 

FS 

 

$1,200,000

 

 

1/29/2011 

3

1008398

134

2241A Waiomao Rd

PALOLO 

5067 

924 

 

FS 

 

$450,000

 

 

1/28/2011 

4

1015034

135

4458 Kahala Ave

KAHALA AREA 

13500 

1592 

 

FS 

 

$1,890,000

 

 

1/28/2011 

5

1014984

139

868 Kahena St

HAHAIONE-UPPER 

5921 

2128 

 

FS 

 

$798,000

 

 

1/28/2011 

6

1009862

139

280 Poipu Dr

TRIANGLE 

21539 

6502 

 

FS 

 

$5,750,000

 

 

1/28/2011 

7

1014818

145

45-512 Haamaile Pl

KANEOHE WOODS 

3958 

1266 

 

FS 

 

$605,000

 

 

1/28/2011 

8

1011992

147

47762 Malumalu Pl

AHUIMANU AREA 

45738 

880 

 

FS 

 

$600,000

 

 

1/28/2011 

9

1013632

171

1321 Aheahe Ave

WHITMORE VILLAGE 

7784 

1360 

 

FS 

 

$415,000

 

 

1/28/2011 

10

1016067

187

87-450 Kaukama Rd

 

3864 

1116 

 

FS 

 

$363,512

 

1/28/2011 

11

1013019

191

911047 Puaina St

EWA GEN SODA CREEK 

3360 

1264 

 

FS 

 

$360,000

 

 

1/28/2011 

12

1015492

191

911079 Waimomona Pl

EWA GEN SODA CREEK 

3120 

1053 

 

FS 

 

$365,000

 

 

1/28/2011 

13

1015087

191

91-6504 Kapolei Pkwy

OCEAN POINTE 

3843 

1288 

 

FS 

 

$425,000

 

 

1/28/2011 

14

1009299

191

91701 K Pohakupuna Rd

EWA BEACH 

5885 

1416 

 

FS 

 

$530,000

 

 

1/28/2011 

15

1015186

192

92-6015 Nemo St

MAKAKILO-ANUHEA 

5271 

1817 

 

FS 

 

$560,000

 

 

1/28/2011 

16

1007688

194

941032 Pumaia Pl

WAIKELE 

2624 

1260 

 

FS 

 

$505,000

 

1/28/2011 

17

1014919

195

951019 HOAKUA St

MILILANI MAUKA 

3275 

1529 

 

FS 

 

$605,000

 

1/28/2011 

18

1010096

198

981671 Hapaki St

NEWTOWN 

6000 

2136 

 

FS 

 

$720,000

 

1/28/2011 

19

1009337

199

99126 Ululaau Pl

AIEA HEIGHTS 

10304 

2120 

 

FS 

 

$765,000

 

 

1/28/2011 

Date/Time Range: Jan 28, 2011 00:00 - Jan 29, 2011 23:59


Posted in Market Update
Jan. 27, 2011

What to Expect in the Hawaii Real Estate Market in Maui

Maui, Hawaii is one of the areas in which people flock to when they are considering buying a home to live in the area. The reason being is that there are tons of things to do in the area, and the homes in the area are considered to be some of the nicest in all of Hawaii. Many people vacation to this area and simply fall in love, thus move there when they are close to retirement or if they are a part of the lucky few who land a job in the area. However, most people are wondering what they can expect with the real estate market in the area?

 

SO far those professional that are in the Hawaii real estate market in Maui have pointed out that now is the time to buy in Maui, since the prices of homes are at the lowest that they have been in three years. Plus, there are abundance of homes on the market, so the buyer literally has a slue of choices to choose from. For those that are interested in purchasing condos, which is a popular decision for many retirees, they are now priced at just below $60K, this is extremely affordable and low when you look at past years where the same condos have gone for upwards of $400K. Homes in the area are also at a low point in the market, they are selling for around $400K, which is much lower than the price that they were two years ago. There are also those short sales that are on the market, as well as foreclosures.

 

The Maui real estate market is considered a buyers market with price trends tending to fall everyday. No one is sure how long this will last, as the real estate market is hard to predict. Which is why those that are considering moving to the area should jump on these prices. What can people expect to get for their money in Maui?

 

The homes and condos in the area range in the size. For example, most of the condos that are on sale are one or two bedrooms with large living and kitchen areas. While the homes on the market, can have as much as four or five bedrooms. The condos usually belong to a community that may or may not be gated for extra security, they will also offer such amenities as pools and so forth. The individual homes that are for sale, usually come with small yards and back yards that are usually considered a great escape, with hot tubs and pools in place.

Posted in Maui Real Estate
Jan. 26, 2011

January 24 thru 26th 2011 Hawaii Sold Properties

Latest Honolulu Sold Listings 

Here you will find Honolulu newest MLS Sold Properties
Save yourself time, you can search for Honolulu Real Estate listings for Homes and Condos on Oahu.

Single Family Report

RES - Closed Listings

RES

ML#

TMK

Address

Nbrhd

Land SqFt

Living SqFt

Beds

Baths

 

LT

 

Sold Price (SP)

 

 

Report Date

1

1013374

111

2741 Unulau Pl

MOANALUA GARDENS 

7022 

1478 

 

FS 

 

$670,000

 

 

1/24/2011 

2

1011990

129

2908 Kalawao Pl

MANOA AREA 

7523 

1790 

 

FS 

 

$400,000

 

 

1/25/2011 

3

1100955

133

3460 Hinahina St

PALOLO 

5500 

864 

 

FS 

 

$515,000

 

 

1/24/2011 

4

1011325

135

1451 Halekoa Dr

WAIALAE NUI RDGE 

6000 

1264 

 

FS 

 

$597,000

 

 

1/25/2011 

5

1013532

191

91952 Waihua Pl

EWA GEN SODA CREEK 

3360 

1264 

 

FS 

 

$383,000

 

 

1/25/2011 

6

1008315

191

911011 Kaiko St

OCEAN POINTE 

5131 

2042 

 

FS 

 

$570,000

 

 

1/25/2011 

7

1100456

194

94-343 Lehopulu St

HARBOR VIEW 

5986 

1320 

 

FS 

 

$440,000

 

 

1/25/2011 

8

1014334

194

94352 Aaahi St

MILILANI AREA 

4896 

1220 

 

FS 

 

$499,000

 

 

1/25/2011 

9

1012613

197

2265 Amokemoke St

PACIFIC PALISADES 

8840 

2490 

 

FS 

 

$570,000

 

 

1/24/2011 

10

1011707

197

1688 Hooia St

PEARL CITY-UPPER 

6805 

2960 

 

FS 

 

$687,500

 

 

1/24/2011 

Date/Time Range: Jan 24, 2011 00:00 - Jan 26, 2011 23:59


Posted in Market Update
Jan. 18, 2011

January 14 thru 18th 2011 Oahu Hawaii Sold Properties

Today's  Honolulu, Oahu Sold Listings 

Here you will find Honolulu newest MLS Sold Properties
Save yourself time, by signing up for our automatic daily emails. Receive new Hawaii listings each morning.

Days Back Single Family Report

RES - Closed Listings

RES

ML#

TMK

Address

Nbrhd

Land SqFt

Living SqFt

Beds

Baths

 

LT

 

Sold Price (SP)

 


Report Date

1

1014752

129

3577 Pinao St

MANOA-UPPER 

5701 

1152 

 

FS 

 

$649,000

 

 

1/17/2011 

2

1013791

131

3538 Edna St

KAPAHULU 

4743 

2208 

 

FS 

 

$660,000

 

 

1/14/2011 

3

1015285

133

3867 Lurline Dr

MAUNALAH

10953 

2433 

 

FS 

 

$1,100,000

 

 

1/14/2011 

4

1013978

135

1627 Kalaniuka Wy

KALANI IKI 

1964 

 

FS 

 

$920,000

 

 

1/14/2011 

5

1007636

135

5237 Kuaiwi Pl

KAHALA KUA 

15976 

3276 

 

FS 

 

$1,361,250

 

 

1/14/2011 

6

1012627

142

1244 Manu Mele St

KUKANONO 

3875 

1942 

 

FS 

 

$790,000

 

 

1/14/2011 

7

1012450

147

47575 Puapoo Pl

AHUIMANU HILLS 

10921 

2635 

 

FS 

 

$595,000

 

 

1/14/2011 

8

1011608

153

53908A Kamehameha Hwy

HAUULA 

5189 

1056 

 

FS 

 

$595,000

 

 

1/14/2011 

9

1015502

185

85-229A Ala Akau St

WAIANAE 

3720 

952 

 

LH 

 

$65,000

 

 

1/17/2011 

10

1011531

187

871320 Farrington Hwy

MAILI 

29185 

736 

 

FS 

 

$215,000

 

 

1/14/2011 

11

1013826

191

91-211 Leleoi Pl

EWA GEN LOFTS 

3406 

1179 

 

FS 

 

$330,000

 

 

1/14/2011 

12

1012673

191

91-1191 Kanela St

EWA GEN MONTECITO

3307 

1320 

 

FS 

 

$405,000

 

 

1/14/2011 

13

1013920

191

91-1161 Kaihuopalaai St

WESTLOCH ESTATES 

4738 

1594 

 

FS 

 

$475,000

 

 

1/14/2011 

14

1014479

191

911002 Waiilikahi St

HOAKALEI-KA MAKAN

5313 

2288 

 

FS 

 

$710,000

 

 

1/15/2011 

15

1100602

191

921017W Koio Dr

KO OLINA 

6529 

2216 

 

FS 

 

$1,350,000

 

 

1/15/2011 

16

1011843

192

926026 Holomoku St

MAKAKILO-ANUHEA 

5699 

1817 

 

FS 

 

$515,000

 

 

1/14/2011 

17

1013015

194

94219 Pulelo Pl

WAIKELE 

6996 

1711 

 

FS 

 

$650,000

 

 

1/14/2011 

18

1014722

194

94204 Kuhana Pl

WAIKELE 

5232 

1773 

 

FS 

 

$684,900

 

 

1/14/2011 

19

1011720

195

951151 Wikao St

MILILANI 

2776 

1332 

 

FS 

 

$497,000

 

 

1/14/2011 

20

1014435

195

95720 Paikauhale St

MILILANI 

5077 

1120 

 

FS 

 

$499,000

 

 

1/14/2011 

21

1011888

195

95518 Awiki St

MILILANI 

4200 

1795 

 

FS 

 

$560,000

 

 

1/14/2011 

22

1007644

198

981870J Kaahumanu St

WAILUNA 

3832 

1464 

 

FS 

 

$537,000

 

 

1/14/2011 

23

1013742

198

98639 Leke Pl

ROYAL SUMMIT 

7334 

2533 

 

FS 

 

$925,000

 

 

1/16/2011 

24

1015345

199

99-067 Nalopaka Pl

AIEA AREA 

5914 

1856 

 

FS 

 

$467,500

 

 

1/14/2011 

Date/Time Range: Jan 14, 2011 00:00 - Jan 18, 2011 23:59


Posted in Market Update
Jan. 18, 2011

How are other Pacifc Coast Markets fairing

The Mission Beach real estate market, a small section of the larger San Diego County real estate market, saw disappointing home sale statistics for both yearly composite and some monthly measures in December 2010. Interestingly, according to one tracking service, provided by the San Diego Association of Realtors, sales of both detached and attached homes saw a significant increase over December 2009. Detached homes saw a sales spike of just under twenty-seven percent compared to year-ago levels, while attached homes rallied by twelve and a half percent. A seasonal increase is generally considered normal between November and December. However, this uptick was not sufficient to bring the area’s annual figures into positive territory. For the entire year, the San Diego area saw a decrease of more than seven percent for attached homes and a decline of nearly five and a half percent for attached homes. Significantly, the annual median sales price increased compared to last year, reaching $330,000 in 2010 – a rally of about eight percent from 2009. Detached homes specifically saw average sales prices rise by almost eight and a half percent, to $385,000, while attached homes saw a less pronounced rally at less than seven and a half percent ($220,000). Additionally, homes spent about eight percent more time on the real estate market in 2010 relative to 2009, with detached homes taking about ten fewer days to sell than attached homes.

The number of Mission Beach real estate closings and pending San Diego County home sales decreased in December 2010, bucking a nationwide trend to the contrary. According to the national Pending Homes Sales Index, the number of pending home sales in the United States as a whole saw an increase in the most recent tracking period, while the number of pending sales in San Diego County saw a decrease. In December 2010, there were a total of 4,471 pending sales in the county, compared to 4,652 a month earlier. One local real estate expert attributed the lag to the more expensive product mix of properties in San Diego, which tends to have a median sales price well above many other parts of the state and country.

Jan. 9, 2011

January 05 thru 08th 2011 Hawaii Sold Properties

Latest Honolulu Sold Listings 

Here you will find Honolulu newest MLS Sold Properties
Save yourself time, you can search for Oahu Real Estate Listings for Homes and Condos on Oahu.

Days Back Single Family Report

RES - Closed Listings

RES

ML#

TMK

Address

Nbrhd

Land SqFt

Living SqFt

Beds

Baths

 

LT

 

Sold Price (SP)

 

Report Date

1

1014255

111

2084 Mahaoo Pl

MOANALUA GARDENS 

10580 

1142 

 

FS 

 

$665,000

 

 

1/5/2011 

2

1013185

116

1024A Morris Ln

KAPALAMA 

3887 

798 

 

FS 

 

$393,000

 

 

1/5/2011 

3

1013447

116

1755 Skyline Dr

KAM HEIGHTS 

4566 

1476 

 

FS 

 

$515,000

 

1/7/2011 

4

1014073

118

1522-B Alewa Dr

ALEWA HEIGHTS 

13544 

2689 

 

FS 

 

$979,000

 

 

1/5/2011 

5

1015439

122

1750 Puowaina Dr

PUNCHBOWL AREA 

5517 

1092 

 

FS 

 

$460,000

 


1/7/2011 

6

1009373

124

1896 Mott Smith Dr

MAKIKI HEIGHTS 

11255 

3612 

 

FS 

 

$1,100,000

 

1/5/2011 

7

1003605

125

2039 Haiki Pl

UALAKAA 

7000 

1598 

 

FS 

 

$1,139,000

 

1/8/2011 

8

1013682

129

3330 Loulu St

MANOA AREA 

7503 

1902 

 

FS 

 

$965,000

 

 

1/5/2011 

9

1014358

134

2403 Kuahea St

PALOLO 

5520 

840 

 

FS 

 

$480,000

 

1/7/2011 

10

1013265

135

4475 Wahinekoa Pl

WAIALAE NUI-LWR 

5501 

1270 

 

FS 

 

$645,000

 

1/7/2011 

11

1014314

139

520 Lunalilo Home Rd

WEST MARINA 

4497 

1364 

 

FS 

 

$695,000

 

 

1/7/2011 

12

1002327

141

41726 Kaaumoana Pl

WAIMANALO 

1920 

1176 

 

FS 

 

$395,000

 

 

1/7/2011 

13

1014829

146

46-317 Kauhaa Pl

HAIKU VILLAGE 

9866 

1608 

 

FS 

 

$705,000

 

 

1/7/2011 

14

1008439

147

47-368 Kapehe St

VALLEY ESTATES 

6500 

1034 

 

FS 

 

$570,000

 

 

1/7/2011 

15

1005545

154

54-264 Kawaihemo St

HAUULA 

7809 

720 

 

FS 

 

$300,000

 

1/5/2011 

16

1014568

168

68107 Au St

WAIALUA 

6098 

1280 

 

FS 

 

$1,000,000

 

1/7/2011 

17

1013321

174

907 Lemi St

WAHIAWA PARK 

5400 

1534 

 

FS 

 

$350,000

 


1/7/2011 

18

1014359

174

227 Iliwai Dr

WAHIAWA AREA 

10784 

2064 

 

FS 

 

$587,500


1/6/2011 

19

1008874

175

28 Moe Moe Pl

WAHIAWA HEIGHTS 

7500 

2250 

 

FS 

 

$450,000

 

 

1/5/2011 

20

1011523

186

86190 Moekolu St

LUALUALEI 

5000 

1168 

 

FS 

 

$235,000

 

 

1/5/2011 

21

1008889

191

91-1020 Hoomaka St

EWA GEN LOMBARD WAY 

3112 

1096 

 

FS 

 

$305,000

 

1/6/2011 

22

1011238

191

91-1020 Kaiohee St

OCEAN POINTE 

4200 

1551 

 

FS 

 

$440,000

 

1/8/2011 

23

1015028

191

91-1199 Kaileolea Dr

OCEAN POINTE 

3985 

1566 

 

FS 

 

$475,000

 

 

1/6/2011 

24

1012374

191

91-1124 Lanakoi St

KAPOLEI-IWALANI 

4024 

1727 

 

FS 

 

$540,000

 

 

1/5/2011 

25

1011730

192

921125 Makakilo Dr

MAKAKILO-UPPER 

4320 

1480 

 

FS 

 

$425,000

 

 

1/6/2011 

26

1014725

194

94783 Kime St

VILLAGE PARK 

3800 

1232 

 

FS 

 

$405,000

 

1/5/2011 

27

1006934

194

941109 Nawele St

WAIKELE 

5004 

1876 

 

FS 

 

$675,000

 

 

1/7/2011 

28

1006708

195

95690 Hinalii St

MILILANI AREA 

4500 

1401 

 

FS 

 

$425,000

 

1/7/2011 

29

1011893

195

951089 Halekua St

MILILANI MAUKA 

2954 

850 

 

FS 

 

$442,000

 

 

1/7/2011 

30

1009387

195

95989 Wikao St

MILILANI AREA 

3659 

1326 

 

FS 

 

$485,000

 

 

1/5/2011 

31

1011015

195

95-1031 Hoakua St

MILILANI MAUKA 

3730 

972 

 

FS 

 

$523,000

 

1/7/2011 

32

1011783

195

95-1018 Pakau St

MILILANI MAUKA 

5614 

1615 

 

FS 

 

$595,000

 

1/7/2011 

33

1014174

195

95-698 Kelewaa St

MILILANI AREA 

5158 

1542 

 

FS 

 

$609,900

 

1/6/2011 

34

1014475

197

1754 Palamoi St

PEARL CITY-UPPER 

6502 

1454 

 

FS 

 

$538,000

 


1/6/2011 

35

1014030

199

1351 Haloa Dr

FOSTER VILLAGE 

5506 

1760 

 

FS 

 

$590,000

 

 

1/6/2011 

Date/Time Range: Jan 5, 2011 00:00 - Jan 8, 2011 23:59


Posted in Market Update
Jan. 9, 2011

January 01 thru 04th 2011 Hawaii Sold Properties

Latest Honolulu Sold Listings 

Here you will find Honolulu newest MLS Sold Properties
Save yourself time, you can search for Honolulu Real Estate listings for Homes and Condos on Oahu.

Days Back Single Family Report

RES - Closed Listings

RES

ML#

TMK

Address

Nbrhd

Land SqFt

Living SqFt

Beds

Baths

 

LT

 

Sold Price (SP)

 

 

Report Date

1

1013657

111

4138 Keaka Dr

ALIAMANU 

5000 

1058 

 

FS 

 

$440,000

 

1/3/2011 

2

1013807

111

3616 Salt Lake Blvd

ALIAMANU 

7500 

2400 

 

FS 

 

$670,000

 

 

1/4/2011 

3

1014220

128

2521 Puaena Pl

MOILIILI 

3793 

1090 

 

FS 

 

$670,000

 

1/3/2011 

4

1002549

129

3107 Woodlawn Dr

MANOA-WOODLAWN 

8507 

1701 

 

FS 

 

$794,430

 

 

1/3/2011 

5

1011346

134

3452 Kalua Rd

PALOLO 

4700 

782 

 

FS 

 

$499,500

 

 

1/4/2011 

6

1009677

135

930 Makaiwa St

KAHALA AREA 

8812 

1821 

 

FS 

 

$1,100,000

 

1/4/2011 

7

1007614

138

6094 Manukapu Pl

KULIOUOU 

5000 

960 

 

FS 

 

$540,000

 

1/3/2011 

8

1012931

139

955 Kaluanui Rd

MARINERS RIDGE 

8548 

1916 

 

FS 

 

$919,000

 

 

1/3/2011 

9

1012631

139

56 Nawiliwili St

TRIANGLE 

11090 

1732 

 

FS 

 

$925,000

 

1/3/2011 

10

2901013

143

134 Kaelepulu Dr

LANIKAI 

8400 

2210 

 

FS 

 

$1,210,000

 

1/3/2011 

11

1014749

145

45-219 Nakuluai St

PIKOILOA 

9344 

1592 

 

FS 

 

$685,000

 

1/4/2011 

12

1012232

187

87109 KULAAUPUNI ST

MAILI 

1701 

 

FS 

 

$270,000

 

1/3/2011 

13

1007189

191

91-198 Makalea St

EWA GEN TERRAZZA 

3183 

1317 

 

FS 

 

$348,500

 

1/4/2011 

14

1014425

191

911030 Kaikauhaa St

OCEAN POINTE 

4338 

1676 

 

FS 

 

$520,000

 

1/3/2011 

15

1013541

191

91-1034 Kai Weke St

OCEAN POINTE 

5418 

2549 

 

FS 

 

$670,000

 

 

1/3/2011 

16

1013125

192

92-119 Amaui Pl

MAKAKILO-WEST HILLS 

6050 

1370 

 

FS 

 

$485,000

 

1/3/2011 

17

1006323

194

941023 Hohola St

VILLAGE PARK 

5812 

1334 

 

FS 

 

$475,000

 

1/4/2011 

18

1013974

195

95-1198 Lalai St

MILILANI AREA 

4010 

760 

 

FS 

 

$428,000

 

 

1/4/2011 

19

1011748

197

2204 Apaakuma St

PACIFIC PALISADES 

5627 

1653 

 

FS 

 

$505,000


1/3/2011 

20

1100109

433

2110 Kaneka St

LIHUE 

1404 

FS 

 

$500,000

 

1/4/2011 

Date/Time Range: Jan 1, 2011 00:00 - Jan 4, 2011 23:59


Posted in Market Update
Jan. 7, 2011

Kahului real estate market outlook

The Kahului real estate market, a western section of the larger Maui housing market, saw a series of encouraging signs in recent months. Although the number of foreclosures in the region has become a concern for many analysts, there were a larger number of condominium sales and stronger resort market figures in recent months. According to statistics reported in the Lahiana News, the number of condominiums sold on Maui from January 2010 to September 2010 was a forty-nine percent improvement over the same period last year. The average sales price, however, saw a decrease of about nine percent. This helps to explain the number of sales in recent months in conjunction with historically low interest rates. Just as the condo market has been rallying, the resort real estate market has recovered strongly over the past year. Total sales have increased by about fifty percent over the last three quarters, while the low average price of resort properties has helped to drive demand. On Maui in particular, there will be a projected 629 resort sales in 2010, a record compared to the previous high of 588, reached in 2005. Conversely, while the average price of resort property on Maui was about $1,400,000, a substantial decrease from the peak figure, which was closer to two million dollars. Last year, the median price was closer to one and a half million dollars.

The number of foreclosures in Maui, including distressed Kahului homes for sale, decreased in the month of November 2010. Although many local and state government officials have started to initiate formal investigations of foreclosure practices as well as coordinate government relief efforts, it appears that the initial flood of mortgage defaults may have subsided. According to statistics provided by RealtyTrac, there were a total of 877 foreclosures in the state of Hawaii during November. For Maui in particular, the number of foreclosures fell by approximately ten percent compared to November 2009.  By comparison, Kauai decreased by nineteen percent, while the Big Island saw seven percent fewer and Oahu actually saw fifteen percent more foreclosures.