Leilani Estates, Pahoa Hawaii Market Data

Leilani Residential: Number of Sales: 14 Lowest Sale Price: $115,000 Highest Sale Price: $310,000 Average: $186,150 Median: $190,000

Average Day On Market: 165

Average Sale/List Price: 91.8%

Average Residential Sale Price during the market peak (7/2005 to 6/2006) : $302,028

Land: Number of Sales: 28

Lowest Sale Price: $17,700 Highest Sale Price: $111,000

Average Sale Price: $33,078 Median Sale Price: $23,000

Average Day on Market: 140

Average Sale/List Price: 89.7%

Average Land Sale Price during the market peak (7/2005 to 6/2006): $65,988

Data for the period from 1/1/2009 to 10/7/2009 from Hawaii Information Service

Leilani Estates is a nice subdivsion composed of 2232 lots (mostly 1 acre). There are CC&Rs and a community association; http://www.leilaniestates.org/ . Most of the roads are paved and in good condition. Elevation is around 1,000 ft. asl and most tropical plants will grow well. Undeveloped lots are typically forested with ohia and other natives. However, some areas have introduced invasive plants growing. The entire subdivision is located in Lava Hazard Zone 1. Although there have been no active lava flows threatening the subdivision, lenders require additional hazard insurance.