The real estate market is ever-changing. Happily, Kapolei Realtor Sam Paltikian RS-79996, at Coldwell Banker Pacific Properties: (RBO-16781), is here to explain what it all means for west side homeowners.

Exciting news for homebuyers on the ʻEwa Plain — sales at the new development NorthPark by Gentry are underway. Here’s what you need to know:

• NorthPark is at Ft. Weaver Road & Renton Road, with the entrance at Keaunui Drive.
• A total of 174 homes will be built.
• These single-family homes are 3-4 bedrooms, with prices in the low-to-mid $600,000 range.
• HOA is $160/month, plus Ewa by Gentry Association dues of $115 every three months.
• There will be 19 phases rolling out, and the first 5 phases are already approved for construction.
• The first phase of 9 homes was released on June 27, and a lottery was held for the selection process of buyers.
• The second release of 10 homes was July 25.
• Next release of 10 homes will be in late August.



There are 4 model homes to view, and I saw them on day 1 of opening.

NorthPark houses are showing by appointment only, due to COVID-19 precautions. If you would like to take a look, I can help you set it up! Call or text 808-265-1450 or email me at Sam.Paltikian@cbpacific.com.

The Oʻahu Housing Market

We saw sales activity start to pick up again on Oʻahu after a slowdown in May.

• Single-family home sales were down by 7.6% compared to the same time last year but increased 21.8% from May.
• The median sales price declined by 3.8% to $770,000 compared to June last year.
• New listings show a decrease of 2019 by 14.6%, but again saw a month-over-month gain of 13.6%.
• Condominium sales remained sluggish, with June sales down 34.0% compared to the same time last year.
• But month-over-month sales activity saw an improvement with closed sales up 22.8%.
• New condo listings were down by 20.8% year-over-year, but up by 17.5% from May to June.



If you want to learn more about market conditions for 2020, please contact me for a one-on-one discussion. Sam.Paltikian@cbpacific.com, Mobile 808.265.1450

ʻEwa Plain Stats

Home prices in the ʻEwa Plain have stayed steady. Fewer people are listing their homes, meaning that competition among buyers remains strong — this keeps prices up.

• New listings for single family houses & condos were down 18%. Meaning buyers have fewer choices.
• Closed sales were also down for single family houses only by 8%, and condos down 38%. Due to fewer new listings.
• Median sales prices were slightly up for both categories, and closed at close to original sales prices. Competition from other buyers keeps prices up.
• Inventory was also down for single family houses by 43%, with condos also down by 10%.



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