KAILUA HAWAII REAL ESTATE

Thank you for visiting my Kailua HI real estate web site in Honolulu City and County, Hawaii. If you're searching for Kailua HI real estate, Kailua HI homes for sale, condos, townhomes, lofts, vacation homes or Kailua HI new home developments you've come to the perfect real estate website that has every real estate resource at your fingertips. Please view the Kailua HI real estate buying and selling tips that provide every bit of information needed to assist with buying or selling Kailua HI real estate and homes for sale.

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You know about the three "R's" in terms of education - Reading, Writing and Arithmatic. Mastering these three disciplines prepares you to graduate to college or your new career. There are also three "R's" in real estate. When all three are present, then it could be time for you to graduate to your first or next home. RATES - Interest rates play a critical role in how much home you can afford. Interest rates are incredibly low now, and there's not much room for them to go any lower. It's certain, that these rates will go up. We just don't know when. REDUCED HOME PRICES - For the month of May 2009, the median sales price for a single family home was $550,000.00. Compare that to the recent peak of $685,000.00 in June of 2007 - that's almost 20% lower! The story for condominiums is similar. There are incredible properties on the market at bargain prices. THERE'S A REASON TO MOVE - Maybe your family is growing or the kids are leaving home. Changes in your life are perhaps the most important reason to own a new home. Homes have historically been a very attractive long term investment that you get to enjoy every day. If you're sitting on the fence, I urge you to investigate the market so you don't miss out on great home prices and low interest reats. These two factors just don't come together very often! Please feel free to contace me, Stephanie at 808-222-8668. Just a brief chat could help you determine whether you are ready to graduate now. If you're not, I can help you develop a game plan to make your first or next home possible sometime in the future. For Oahu overall, we saw a 9.5% decrease in the median sales price of single family homes sold in May, year to date: $570,000 vs $630,000 in 2008. The number of sales dropped 27.8% vs the same period in 2008. The median number of days on the market in May was 49 for single family homes and 52 for condo's. Many homes that are priced well are receiving multiple offers and selling extremely quickly!

Spring is here! The days are getting longer and a little warmer. The humpback whates have left our islands for their journey north and just as the basketball season wraps up, baseball season begins. Spring also brings new activity in the local real estate market. Buyers & Sellers who plan to move in the summer start to take action in the spring. An increased number of homes come on the market and buyers come out in larger numbers looking for the home they'd like to move into during the summer. If you're planning a move, you might want to "spring" into action very soon! A seller may benefit by getting their home ready and on the market to beat the rush of new listings. If you're planning to buy, it could be the time! There are great homes out there that are very attractively priced & financing is available at historically low rates. I'd be more than happy to talk with you to discuss your personal situation. I can share information to help you make your best decision. Here is a snapshot of the latest statistics from the Honolulu Board of Realtors. Please call or email me for more in-depth information. For Oahu overall, we saw an 8.1% decrease in the median sales price of single family homes sold in March year-to-date: $570,000 vs $620,000 in 2008. The number of sales dropped 34.8% vs the same period in 2008. The number of sales by neighborhood varied greatly, from 26.3% more homes being sold in the Waialae-Kahala neighborhood to 57.9% fewer homes sold in Makah-Nanakuli. If you want the stats for your neighborhood please call me at 808-222-8668. Median number of days on the market in March was 48 for single family homes and 47 for condos. This is significantly below the number of days on the market for single family homes & condos for the first 2 months of 2009. Total inventory was 1901 for single family homes in March, which was very similar to the 1919 inventory level of a year ago. March's condo inventory of 2582 was almost exactly the same as 2008 (2581).

Aloha, I can't predict what the weather will be, just as I can't predict what will happen in our local real estate market over the next few months. I do know that our temperatures will eventually warm up and our skies will dry out and we'll return to normal trade wind weather. I also know, by looking at historical information about the overall Oahu real estate market, that we will return to a period when homes increase in price & inventory levels are low. If you look at market statistics on a neighborhood level, you will see a couple of areas where the number of home sales and sales prices actually went up in February. In other areas, the opposite was true. Look beyond the headlines and the overall forcast. You may find some amazing opportunities. I recommend you get thorough current and historical information about your specific home or neighborhood of interest. I am more than happy to provide that to you, free and at no obligation. This might focus on a few blocks in your neighborhood or even a single condominium building. I can provide you with a wealth of information geared specifically to you, that will help you make your best real estate decision. So call on me anytime at 808-222-8668. For Oahu overall, we saw an 8.3% decrease in the median sales price of single family homes sold in February, year-to-date: $555,000 vs $600,000.00 in 2008. The number of sales dropped 35.8% vs the same period in 2008. However, four neighborhoods saw increases in the median sales price: Waialae-Kahala, Aina Haina-Kuliouou, Wahiawa & Mililani. Single family homes sold last month spent a median 69 days on the market. The median number of days on the market for condos was 70. Total inventory was 1,928 for single family homes in February which was very similar to the 1,924 inventory level of a year ago. February's condo inventory of 2,507 was higher than it was last year (2,476) or last month (2,494), but still lower than it was for the last ten months of 2008.

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