Hawaii Kai Marina Front Listing

This week we listed a beautiful house on the marina in Hawaii Kai. My favorite little marina front neighborhood, Spinnaker Isle, is a small island within the island of Oahu, with mostly homes built in the 70's, and a few remodeled homes.

The home we listed is fantastic, with over 3000ft of newly remodeled space, and a legal 2 bedroom rental. If you want to live on the marina in Hawaii Kai, I'm going to go out on a limb and say this is the best, the BEST house on the marina. It has a beautiful new pool, gourmet kitchen with 6 burner viking range, wide open pocket doors to view the marina, and more. Every aspect of this house is amazing.

This marina front house comes with a nice drive on dock, and the owner has a 15 foot Boston Whaler that I'm sure he would sell you if you ask nicely enough (read: pay full price for the house.)

December 07 Hawaii Housing sales statistics are out

Each month the Honolulu Board of Realtors puts out the housing sales statistics for the entire island of Oahu. Once again, while the entire mainland seems to be going through the worst housing market in many years, the Oahu market remains strong. In fact if you're a buyer in any area except Ewa Beach and the West side of Oahu, it's still hard to find a good house.

A total of 593 properties sold on our tiny island last month, with a median price of $610k for single family homes and $320k for condos. And while homes around America are taking months to sell, the average home in Oahu takes just 51 days to sell, and condos take 47 days.

You might notice I'm saying Oahu specifically, and that's because the markets on Maui and Hawaii are much slower these days. Investors and second home buyers have all but left the market, which really hurts the neighbor isles. Here in Oahu though, where jobs are a plenty and the market is far less dependant on tourists and investors, our market looks great.

One special note - last year I moved from Hawaii Kai to Aina Haina, about 2 miles down the road, and prices here have skyrocketed ever since. The median price in Aina Haina last month was $1,228,600, as compared to $816,000 in November. Island wide, Aina Haina prices are up more than any other area, with a 7.3% increase since last year.

Another sign of strength in the Oahu real estate market is the declining inventory. Yes, it's declining! We had 1874 homes on the market in December, compared to 1952 in November. The number of condos available was down also, to 2346. Here's the best part - the inventory of total available properties is lower today than it was a year ago!

The one area of Oahu that is lagging is the North Shore, with 123 homes for sale and only 3 sales last month. That region is getting hit hard because most of the buyers there are from California.