A bright spot in the latest monthly statistics report

March showed itself as another down month in the Hawaii housing market.  The median sales price is still falling.  Not all areas are doing badly however.  Some price points and neighborhoods seem to be in demand despite a downward move in the overall market numbers.  Hawaii Kai has emerged as a strong neighborhood market in the month of March.  With a 16.7% year over year increase in the median sales price shows buyers are really shopping in this neighborhood.  Hawaii Kai is still a part of Honolulu, with only a 30 minute drive to downtown Honolulu and has many shopping options.  The big draw for Hawaii Kai is that buyers see they are getting more value for their money over neighborhoods closer to Honolulu like Waialae Iki, Hawaii Loa Ridge, and Kahala. The median sales price for Hawaii Kai now sits at $910,000.   If you are interested in learning more about Hawaii Kai or any area of Hawaii, contact Malia L. Meenderman, R, our principal broker.

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