New Housing: Liko at Hoʻopili
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. He can be reached at Sam.Paltikian@cbpacific.com or 808.265.1450.
Construction of modern-style single-family homes continues at Hoʻopili — presenting Liko!
Liko at Hoʻopili will offer six distinct home layouts featuring three and four bedroom homes with living areas ranging from 1,108 sq. ft. to 2,109 sq. ft. and Home Is Connected® – Smart Home features.
- Lottery roll outs happening now in phases.
- Site visits are being done by appointment only, due to COVID-19 restrictions.
- Contact me for more details. I can assist with scheduling a visit too.
General (COVID-19 Recovery in the Works)
We are seeing recovery from the earlier days back in April and May when COVID-19 hit, which shows the resilience of the housing market. This is mainly driven by low interest rates, which gives buyers more purchasing power!
- The median sales price for single family houses declined by 2.4% to $815,000 compared to July last year.
- With condo median prices also down 4.7% compared to last year in July.
- Closed sales were also down for single family house by 3% and condos down 17%.
- But days on market for single family homes decreased by 23.5%, mainly due to less inventory and buyers competing for the same houses.
If you want to learn more about market conditions for 2020, please contact me for a one-on-one discussion. Email Sam.Paltikian@cbpacific.com, or call me at 808.265.1450
ʻEwa Plain Stats
- New listings for single family houses were down 11% & condos were up 19%.
- Closed sales were down for single family houses only by 2%, and condos down 17%.
- Median sales prices were up for single family houses by 4% and condo down only 1%.
But lower supply is making sales happen fast: Single family inventory was down by 52%, which is driving the lower days on market down by 40%.
To look for properties that match your needs, start a customized home search today.