14 West Hawaii Real Estate | December 22, 2017 MLS Statistics Central Oahu and Windward neighborhoods popular for homebuyers in November MLS While the Ewa Plain continues to have the highest sales volume for both single-family homes and condominiums/townhouses, neighborhoods Oahu Single Family Homes – November 2017 in Central and Windward Oahu were also popular choices for buyers in November, according to the Honolulu Board of Realtors monthly local New Listings Closed Sales Median Sales Price Percent of Original Price Received Days on Market Until Sale Inventory of Homes for Sale Nov-17 Nov-16 Change Nov-17 Nov-16 Change Nov-17 Nov-16 Change Nov-17 Nov-16 Change Nov-17 Nov-16 Change Nov-17 Nov-16 Change market update. Aina Haina - Kuliouou 1-3-6 to 1-3-8 6 12 -50% 6 6 0% $1,195,000 $957,500 25% 98.8% 101.1% -2% 87 24 263% 40 51 -22% Closed sales on single-family homes in Mililani increased by 40 percent Ala Moana - Kakaako 1-2-3 0 0 - 0 0 - $0 $0 - 0.0% 0.0% - 0 0 - 2 2 0% Downtown - Nuuanu 1-1-8 to 1-2-2 6 10 -40% 6 9 -33% $1,095,000 $750,000 46% 91.3% 96.3% -5% 24 45 -47% 31 28 11% in November 2017 with a median price of $770,500, a 2 percent decrease for Ewa Plain 1-9-1 62 65 -5% 80 61 31% $700,000 $625,000 12% 97.7% 99.2% -2% 18 16 13% 164 138 19% Hawaii Kai 9 16 -44% 21 21 0% $1,300,000 $999,999 30% 96.3% 91.9% 5% 34 14 143% 70 85 -18% the same time period last year. New listings increased by 60 percent, while 1-3-9 Kailua - Waimanalo 1-4-1 to Selected 1-4-4 30 24 25% 24 23 4% $1,100,000 $1,290,000 -15% 97.8% 93.5% 5% 13 27 -52% 119 104 14% overall inventory increased by 17 percent compared to November 2016. Sales Kalihi - Palama 1-1-2 to 1-1-7 14 16 -13% 8 8 0% $706,000 $660,000 7% 101.0% 87.3% 16% 18 18 0% 44 46 -4% Kaneohe Selected 1-4-4 to 1-4-7 19 16 19% 26 18 44% $902,500 $800,000 13% 102.3% 101.7% 1% 10 18 -44% 73 70 4% closed at a brisk pace with a median of 11 days on the market. Kapahulu - Diamond Head 1-3-1 to 1-3-4 18 24 -25% 14 22 -36% $1,197,500 $914,000 31% 100.1% 101.6% -1% 14 19 -26% 65 91 -29% Condominium/townhome sales in the Kailua-Waimanalo area doubled Makaha - Nanakuli 1-8-1 to 1-8-9 36 25 44% 32 26 23% $477,500 $409,500 17% 99.5% 102.6% -3% 19 19 0% 118 100 18% Makakilo 1-9-2 to 1-9-3 17 14 21% 9 9 0% $785,000 $651,000 21% 100.6% 102.5% -2% 21 20 5% 39 29 34% in November 2017 with a median price of $605,000, a 10 percent increase Makiki - Moiliili 1-2-4 to 1-2-9 (except 1-2-6) 12 10 20% 14 8 75% $1,225,000 $1,486,000 -18% 92.6% 95.9% -3% 14 38 -63% 52 35 49% from the previous year. New listings were up by 83 percent and overall Mililani Selected 1-9-4 to 1-9-5 24 15 60% 28 20 40% $770,500 $787,500 -2% 101.2% 97.8% 3% 11 11 0% 49 42 17% Moanalua - Salt Lake 1-1-1 2 3 -33% 5 3 67% $879,000 $790,000 11% 91.6% 105.3% -13% 10 16 -38% 11 9 22% inventory was up by 169 percent from November 2016. The median days on North Shore 1-5-6 to 1-6-9 7 19 -63% 5 7 -29% $590,000 $766,500 -23% 94.4% 96.4% -2% 53 2 2550% 48 69 -30% Pearl City - Aiea 1-9-6 to 1-9-9 33 37 -11% 15 17 -12% $770,000 $688,888 12% 100.3% 95.7% 5% 38 17 124% 49 59 -17% market in the area was 13 days. Wahiawa 1-7-1 to 1-7-7 10 9 11% 13 5 160% $595,000 $600,000 -1% 98.3% 82.8% 19% 8 15 -47% 29 22 32% “Buyers can find great value in areas outside of Honolulu’s urban core,” Waialae - Kahala 1-3-5 10 19 -47% 13 8 63% $1,685,000 $2,750,000 -39% 99.4% 93.3% 7% 23 48 -52% 63 91 -31% Waikiki 1-2-6 0 1 - 0 0 - $0 $0 - 0.0% 0.0% - 0 0 - 1 2 -50% said Sue Ann Lee, president ofthe Honolulu Board of Realtors. “Mililani Waipahu 1-9-4 21 17 24% 12 18 -33% $686,500 $679,500 1% 98.2% 98.1% 0% 8 19 -58% 35 40 -13% has always been a popular region with potential homebuyers for its Windward Coast 1-4-8 to 1-5-5 6 10 -40% 1 5 -80% $750,000 $584,000 28% 90.9% 100.9% -10% 0 32 -100% 30 39 -23% suburban mix of family-friendly activities, shopping and dining options, and wellplanned amenities. With median prices in the area down by 2 Nov-17 Nov-16 Change Nov-17 Nov-16 Change Nov-17 Nov-16 Change Nov-17 Nov-16 Change Nov-17 Nov-16 Change percent from last year, homes were wellpriced making it especially appealing Aina Haina - Kuliouou 1-3-6 to 1-3-8 130 133 -2% 88 81 9% $1,200,000 $1,100,000 9% 96.0% 91.7% 5% 23 20 15% to buyers. It’s also encouraging to see the increase in inventory, which is Ala Moana - Kakaako 1-2-3 9 8 13% 6 6 0% $955,000 $795,000 20% 96.8% 92.3% 5% 49 34 44% Downtown - Nuuanu 1-1-8 to 1-2-2 127 115 10% 83 73 14% $865,000 $933,000 -7% 96.2% 93.5% 3% 22 23 -4% needed to address our demand for housing.” Ewa Plain 1-9-1 935 811 15% 772 672 15% $658,000 $625,000 5% 99.0% 99.4% 0% 15 13 15% Hawaii Kai 1-3-9 244 258 -5% 165 174 -5% $1,180,000 $1,067,500 11% 94.6% 95.7% -1% 20 23 -13% The public is encouraged to visit www.hicentral.com to see what’s Kailua - Waimanalo 1-4-1 to Selected 1-4-4 399 398 0% 291 290 0% $1,115,000 $1,070,000 4% 95.5% 98.3% -3% 14 17 -18% happening in the housing market. Consumers have the ability to browse Kalihi - Palama 1-1-2 to 1-1-7 157 152 3% 105 98 7% $764,000 $700,000 9% 102.0% 96.6% 6% 18 12 50% Kaneohe Selected 1-4-4 to 1-4-7 325 288 13% 237 202 17% $865,000 $800,000 8% 98.3% 100.0% -2% 12 16 -25% Oahu and Molokai single-family home and condominium listings, Kapahulu - Diamond Head 1-3-1 to 1-3-4 266 291 -9% 180 182 -1% $1,000,000 $950,000 5% 97.6% 100.0% -2% 16 18 -11% available for sale and for rent, and to see a comprehensive guide of Makaha - Nanakuli 1-8-1 to 1-8-9 453 373 21% 313 256 22% $455,000 $430,000 6% 98.5% 98.2% 0% 20 22 -9% Makakilo 1-9-2 to 1-9-3 216 192 13% 146 154 -5% $717,500 $682,500 5% 97.4% 99.1% -2% 19 27 -30% homes that will be open to visit this weekend. All searches can be done by Makiki - Moiliili 1-2-4 to 1-2-9 (except 1-2-6) 160 131 22% 100 106 -6% $1,125,000 $1,104,500 2% 90.9% 96.9% -6% 17 30 -43% geographic location and price range, and hicentral.com provides useful Mililani Selected 1-9-4 to 1-9-5 258 250 3% 207 232 -11% $777,000 $750,000 4% 100.0% 98.7% 1% 10 16 -38% Moanalua - Salt Lake 1-1-1 53 49 8% 38 35 9% $869,500 $885,000 -2% 96.1% 98.9% -3% 19 19 0% information about buying and selling real estate in Hawaii. North Shore 1-5-6 to 1-6-9 161 163 -1% 100 100 0% $850,000 $795,000 7% 95.0% 93.6% 1% 27 38 -29% Pearl City - Aiea 1-9-6 to 1-9-9 286 320 -11% 235 252 -7% $755,000 $732,250 3% 98.3% 99.2% -1% 13 13 0% (This report reflects information about resales of existing properties only Wahiawa 1-7-1 to 1-7-7 120 94 28% 98 69 42% $595,000 $570,000 4% 99.2% 99.1% 0% 12 13 -8% and does not include new home sales. All of the MLS information is compiled Waialae - Kahala 1-3-5 177 212 -17% 116 91 27% $1,705,000 $1,850,000 -8% 95.3% 93.4% 2% 47 42 12% Waikiki 1-2-6 4 4 0% 3 1 200% $1,103,000 $0 - 84.8% 0.0% - 120 0 - from sales reported during the cited months; this data is known only after Waipahu 1-9-4 248 232 7% 198 200 -1% $673,000 $628,000 7% 99.0% 98.4% 1% 13 16 -19% closing of escrow. The time delay between the signing of a sales contract and Windward Coast 1-4-8 to 1-5-5 92 118 -22% 66 63 5% $752,500 $650,000 16% 99.1% 98.6% 1% 40 23 74% the closing of escrow is usually between one and three months.) SOURCE: Honolulu Board of REALTORS® , compiled from MLS data. Single Family Homes November 2017 Local Market Update November 2017 Year to Date New Listings Closed Sales Median Sales Price Percent of Original Price Received Days on Market Until Sale KEALAKEKUA RANCH CENTER SUBLEASE OFFICE SPACE 82-6066 Mamalaho Highway, Captain Cook, Hawaii 96704 OFFICE SPACE AVAILABLE ON LOWER LEVEL - 1,230 SQUARE FEET Located on the South Kona coast, Kealakekua Ranch Center is a grocery and national hardware store anchored shopping center focused on the needs of the community. The synergy amongst the current tenants makes this a successful location for any offi ce, restaurant or retail store. The Property is centrally located with ease of access for residents and visitors coming from the Kealakekua, Captain Cook, Milolii, Ocean View and South Kona areas. Debbie Parmley (B) CCIM Vice President | Hawaii License No. RB-21953 Leasing Services – Island of Hawaii Direct +1 808 987 7722 Main +1 808 524 2666 debbie.parmley@colliers.com For details on all listings visit, DebbieParmley.com Consulting Sales/Leasing Services Property Management WILCOX SEED BUILDING Professional Offi ce Spaces 325-1208 sf. Can be separate or combined 808-329-1111 is the leading full-service Commercial Real Estate fi rm on the Big Island. TCG is looking for potential qualifi ed tenants as well as commercial property owners who need leasing services for their property or a Leasing Agent and Property Manager. They also offer consulting services for commercial real estate issues. Monique Peacock, (PB) • Consulting • Sales/Leasing Services • Property Management PO Box 908, Kailua-Kona, HI 96745 • Offi ce (808) 329-1111 www.TCGKona.com • email: mp@TCGKona.com
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