Local Neighborhood Report for Homes
Aloha, this is David Buck with Harcourts Island Real Estate. I'm here to give you the local market report for September, 2021. Well, Kalihi-Palama saw 111% increase in the number of sales. That went from 9 sales in September of 2020 to 19 sales this year. So, that was quite a significant bump.
As far as the median price goes, we saw a tie between two neighborhoods. One was Mililani, which was up 36%. The other is Aina Haina to Kuliouou. I'm here at a beautiful property I've got listed on Opihi St. in Aina Haina. It's got beautiful fruit trees all over. We're priced at $1.9 million, but it's something else you've gotta see! Prices in Aina Haina to Kuliouou jumped from $1,288,000 just a year ago to $1,750,000. Once again, that includes everything. The last three trades in Aina Haina in the flats of the valley traded between $1.8-2 Million.
That's what's been happening on the single family home market locally. Also, in 7 of the 21 neighborhoods HBR (Honolulu Board of Realtors) tracks, were up north of 30%. Once again, Mililani and Aina Haina-Kuliouou tied at 36%.
Condo Local Market Report
Regard the local condo report here on Oahu, Kalihi-Palama also saw the largest increase, which was up 150% in the number of sales, going from 4 last year to 10 this year. Once again, that's a good bump for that sector in town for both single family homes and condos.
For the town home and condo median price, Kaneohe saw the largest increase. They are up 45% and that was going from $500,000 a year ago to $724,500. It's still a seller's market here on Oahu. If you have any questions or if there's anything we can help with, feel free to reach out. Mahalo!