Ocean Pointe Real Estate Sales Activity for July 2008

Ocean Pointe a planned community in Ewa Beach, Hawaii (makes up part of tax map key 191). The following report reflects resale's of homes that were reported through the MLS system. New homes sales are not part of this report. Ocean Pointe has the new marina going in and the new North/ South road, which will improve traffic in the area.

Single Family homes: Average sales prices of single family homes in Ocean Pointe have shown slippage of just under 5% over the same period last year. Sales volume has seen a large drop during the same time frame. There is a lot of new home construction in the area which has had an impact on the resale homes. Buyers will find some really nice properties at wonderful values in Ocean Pointe.

Condo and townhouse sales are another story. Sales volume is flat compared the period last year. Average sales prices are down a little over 9%, compared to last year during the same period.

Active for Sale (as of 8/2/08):

• 67 Single Family Homes
• 32 Condos/ Townhouses

Currently in Escrow (as of 8/2/08):

• 14 Single Family Homes
• 9 Condos/ Townhouses

*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.

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