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Wednesday, September 19, 2012

The Ewa Plain is a hot market


Photos Courtesy of Ka Makana at Hoakalei

In this month’s issue of HONOLULU Magazine, I named three of the hottest Oahu neighborhoods—Kakaako, for its up-and-coming potential; Kaimuki/Diamond Head, as people previously living in rural areas try to move back to town; and the Ewa Plain, for those that want a new home and to live in the Second City.

Well, lo and behold, the Honolulu Board of Realtors (HBR) just released neighborhood residential resales figures for August 2012 using data collected from its computerized Multiple Listing Service (MLS) system, and the neighborhood with the most closed sales was the Ewa Plain.

A total of 58 single-family homes sold in the Ewa Plain area, an increase of 45 percent compared to the same month last year. Year to date, this area also showed the largest number of closed sales for single-family homes, with 315 units sold.

In the condo market, 77 units sold in the Waikiki area, which is an increase of 22 percent over the same time last year. Year to date, 597 condo unit sales closed in Waikiki, which was also the highest number for the island. Of course, Waikiki is one of the most densely populated condo markets on Oahu.

What is making these neighborhoods so desirable to live in? Get a copy of this month’s magazine, or check out the article here.

In the meantime, to see the rest of HBR’s neighborhood stats for August 2012, visit HiCentral.com. The report will also show comparisons of median prices: Waialae-Kahala had the highest median price for single-family homes at $1,679,470, an increase of 21 percent compared to last year. Hawaii Kai had the highest median sales price for condos at $469,000, an increase of 13 percent.

Where does your neighborhood stack up?

Posted on Wednesday, September 19, 2012 in Permalink

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About This Page

Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.
 


Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


 


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.


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