Kailua Hawaii Real Estate Update

Lila Kailua Real Rstate

Kailua Hawaii Real Estate Update

APRIL SHOWERS BRING MAY FLOWERS….ALTHOUGH IT’S STILL RAINING.. WE ARE SURE TO HAVE GREEN YARDS AND BLOSSOMING FRUIT TREES TOO!

THE LATEST STATS FOR APRIL 2017

OAHU CONDOMINIUM SALES EXCEED SINGLE FAMILY HOUSES IN APRIL

During April 2017, the number of single-family houses sold decreased by 7 percent and condominium sales rose by 5.7 percent from April 2016. The median price paid for single-family houses decreased by 1 percent to $712,500 from the same time period last year, while condos increased by 6.7 percent to $415,500. According to the Days on Market indicator, condominium sales closed at a faster pace compared to a year ago with condominiums on the market for 15 days, down from 19 days, while sales were slower for single-family houses with houses on the market for 18 days, up from 15.

“Potential homebuyers should not be discouraged with the median prices, as about 39 percent of single-family houses sold in April were in the $500,000 to $ 699,999 range and 44 percent of condominiums were between the$300,000-$499,999 range,” said Sue Ann Lee, president of the Honolulu Board of REALTORS®. “While we’re encouraged by the new listings coming onto the market, it is still not enough to keep up with the demand for housing at all price points.”

BRIGHT AND CHARMING EWA BEACH FOR SALE $545,000

ARE YOU THINKING OF SELLING YOUR HOME OR ARE YOU CONSIDERING MAKING A PURCHASE? NOW MAY BE THE RIGHT TIME. EVERYONE HAS DIFFERENT NEEDS. LET’S DISCUSS HOW I CAN BEST ASSIST YOU! 

I have been working with my seller on this property for several months now. It’s not just about sticking a sign in the front of your house. Selling your property to attract the right buyer for your property takes preparation and elbow grease. In this case, the seller wasn’t necessarily in a rush to sell. He wanted to take his time in making things right. He had the affordability to purchase first, then slowly move out of this house which they lived in for over 20 years. It’s sometimes emotional, and can be overwhelming. We slowly got there. Initially they weeded through their family belongings to either discard or bring to their new home.  The next step was bringing a handyman in to fix minor repairs, paint, and to have the house in working order. I hired cleaners come in to make the house sparkle, and then staged and professionally photographed to market the property. In the meantime of all this happening, there was additional preparation which included ordering a permit package, preliminary title report, tracking sales, and other research necessary to get ready to list.  I am involved with the seller every step of the way from start to finish. The process is amazing and I wouldn’t have it any other way!   Aloha Lila