There are 1 blog entries for March 2011.
Wednesday, March 16th, 2011 at 2:13am. 585 Views, 1 Comments.
People are often amazed at the resilience of Hawaii Kai's home market. Well think about it, what areas really stand out for prospective buyers, especially those from the mainland? Hawaii Kai often comes to mind because of its safe communities, good roads, shopping centers and ocean views.
February 2011 was a good month for Hawaii Kai home sales overall. Months supply of inventory is at 5.3 for single family homes and just 3.2 for condos and townhomes! When a neighborhood has less than 6 months inventory, we consider that a sellers' market.
Percent of original list price is important to look at too. In February, Hawaii Kai homes, condos and townhomes on average sold for just under 97% of their original list prices. That means most…