North Shore Home Prices On The Rise

Sales Jump 37% on Oahu’s North Shore – Oceanfront Home at Chun’s Reef for sale $2,450,000

This month, we decided to check out the market stats of properties on the North Shore of Oahu and see how real estate is fairing for the buyers and sellers of its neighborhood. According to the HBR statistics report, single family homes and condos have seen an increase in new listings for the year to date. New listings are up 11% for homes and up 21% for condos. The number of closed sales for condos does not show much change, however, for single family homes, the number of closed sales has increased 37% for the year to date.  In addition, single family homes are listed on the market for a shorter amount of time than the year prior. The average number of days a listing is on the market until the time it sales is down by 42%. This shows that real estate on the North Shore is a hot commodity as listings are moving fast. For the month of May 2012, the inventory of real estate listings is down for both single family homes and condos, showing that listings are sparse and when available on the market are very valuable to its buyers.

 

DHHRE also has a new oceanfront listing on the North Shore of Oahu! It is a 5 bedroom, 3.5 bath home located at Chun's Reef, which is just a few steps away from popular Laniakea Beach.  The property sits on 17,759 sq. ft. of land along with its own white sandy paradise just outside the doorstep. Featuring two lanais, a jacuzzi, and a gated entrance for privacy, this property is move in ready. The property also has a great solid foundation for the investment buyer looking to do a new remodel or build additions. The property is listed at $2,450,000. For more information and details, please contact either Patrick O'Neill at 808.223.4491 or Juan Oliphant at 808.728.8614.