About Honolulu's Kalihi

Kalihi Real Estate Sales Activity for September 2008

10-03-08

Randy L. Prothero - Hawaii REALTOR® (808) 384-5645

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Mobile: (808) 384-5645

This report covers areas including: Kalihi Area, Kalihi Valley, Kalihi Uka, Kalihi upper, Kalihi Kai, and Kalihi Lower, which is part of Honolulu, Hawaii. These numbers reflect only the totals and average sale prices.

Single Family homes sales have softened. Average sales price of single family homes has slipped a little year to date. The big issue is that sales volume has plummeted considerably. With more than 9 months worth of inventory and low interest rates buyers will find the Kalihi area a good place to negotiable sellers and the home of their dreams.

Condo and townhouse sales are another story. Year to date, the average sales price has stabilized while sales volume is down. In September there were no condo sales in either 2008 or 2007.

Current Active for Sale (as of 10/3/08):

41 Single Family Homes
7 Condos/ Townhouses

Currently in Escrow (as of 10/3/08):

10 Single Family Homes
1 Condos/ Townhouses

For the Month of September - Sold Resale Homes

Single Family Homes
	Number of Sales			Average Sales Price
Area	2008	2007	% Change	2008	2007	% Change
Kalihi	4	9	-55.56%	$563,250	$545,111	+3.33%

Condominiums
	Number of Sales			Average Sales Price
Area	2008	2007	% Change	2008	2007	% Change
Kalihi	--	--	--	--	--	--

Year to Date Ending September 30th - Sold Resale Homes

Single Family Homes
	Number of Sales			Average Sales Price
Area	2008	2007	% Change	2008	2007	% Change
Kalihi	37	76	-51.32%	$614,467	$641,953	-4.21%

Condominiums
	Number of Sales			Average Sales Price
Area	2008	2007	% Change	2008	2007	% Change
Kalihi	13	17	-23.53%	$244,230	$241,147	+1.28%