The Kaneohe neighborhood is home to a large military community and houses many military families. For research purposes, this neighborhood is geographically defined by the Honolulu Board of REALTORS® as Tax Map Key , Zone 4, Sections 5 and 6, as well as parts of Sections 4 and 7.

Sales were off in 2007 from year earlier levels but the percentage comparison showed less of a decease than for overall O`ahu. In 2007, there were sales of 227 condominiums in Kaneohe, a 12.4% decline from the 259 units sold in 2006. Last month, in January, 11 sales took place, a drop from the 15 dwellings that were sold at the same time in the prior year.

Prices for Kaneohe condominiums actually advanced in the last year. The median price paid in 2007 was $400,000, a 5.3% rise above the $380,000 price paid during 2006. The highest price paid for a condo in the past calendar year was $1,850,000.

Market times were little changed in the last year. The median time a property was available before a sale occurred was 35 days in 2007, a single day faster than in 2006.

For further information about recent activity in your specific neighborhood, check out the information available on the Honolulu Board of REALTORS® website www.HiCentral.com or contact a REALTOR® in your area.

This entry was posted on Thursday, February 28th, 2008 at 8:29 am and is filed under Island Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.