The Aina Haina-Kuliouou neighborhood has a widely varying stock of housing, including the high-end homes on Hawaii Loa Ridge. This neighborhood is geographically defined by the Honolulu Board of REALTORS® as Tax Map Key, Zone 3, Section 6 through 8.

This area had one of the steepest declines in sales from 2006 to 2007. During 2007, a total of 83 single family dwellings changed hands, compared to 105 in the year earlier, a 21.0% drop. This year, however, there have been 23 sales through April, almost the same as the 24 sold a year ago.

The 2007 median price paid for a single family home in Aina Haina-Kuliouou was $990,000. This price was a 7.3% advance from the 2006 price of $923,000. The highest price paid for a home in this neighborhood in 2007 was $5,950,000, while in the first four months of this year, the maximum has reach $3,500,000. So far this year, the median price paid for a home here was $900,000.

Sales speed in this area has actually gotten better. In 2006, homes were on the market before achieving a sale for a median of almost two months, 57 days, but in 2007 this indicator decreased more than two weeks, to 42 days. Even with the cooling off of sales in the Honolulu housing market, this neighborhood posted sales during the first four months of this year in just 25 days, the quickest sales speed for any single family home neighborhood on O`ahu.

This neighborhood also bucked the trend of experiencing an inventory buildup. In April 2007, there were 45 homes available for sale, but this April the number has decreased to 38. This was a 15.6% shrinkage, compared to an inventory expansion on this island of 13.3%, and was the largest reduction for any O`ahu neighborhood. Also, median asking prices are up. The current inventory is on the market for a median list price of $2,063,500, while at the same time last year, the median list price was $1,880,000.

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, May 22nd, 2008 at 4:06 pm and is filed under Island Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.