http://islandrealestate.honadvblogs.com/2008/05/05/single-family-homes-in-kaneohe/ Sat, 11 Oct 2008 19:02:20 +0000 http://wordpress.org/?v=2.3.3 http://islandrealestate.honadvblogs.com/2008/05/05/single-family-homes-in-kaneohe/#comment-231 Russ Tue, 06 May 2008 07:43:51 +0000 http://islandrealestate.honadvblogs.com/2008/05/05/single-family-homes-in-kaneohe/#comment-231 This is actually expected. Windward, Leeward, Central areas will have more activity over the next two years as East Oahu and Honolulu will see a decrease in activity. Price point for Windward, Leeward, and Central areas are less, therefore making it more attactive for buyers. It's purely a question of affordability. As I mentioned in my last blog (Feds cut rates another .25%), Oahu medians will drop over the next two months. I've been watching the recordings and notice a big swing from East Oahu, Honolulu areas being sold to Leewaed, Windward, and Central areas. I think the Single Family Home Median will drop 8.25% in May (year to year) and maybe even a 9% (year to year) drop in June. This is actually expected. Windward, Leeward, Central areas will have more activity over the next two years as East Oahu and Honolulu will see a decrease in activity. Price point for Windward, Leeward, and Central areas are less, therefore making it more attactive for buyers. It’s purely a question of affordability. As I mentioned in my last blog (Feds cut rates another .25%), Oahu medians will drop over the next two months. I’ve been watching the recordings and notice a big swing from East Oahu, Honolulu areas being sold to Leewaed, Windward, and Central areas. I think the Single Family Home Median will drop 8.25% in May (year to year) and maybe even a 9% (year to year) drop in June.

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