Tag Archives: foreclosure

Oahu Real Estate and Homes For Sale in Ewa Beach and the Leeward/Central Area

The Oahu real estate market for homes in the Ewa Beach area continues to be extremely competitive for interested Buyers.  For single family homes in the 450-600k price range, there is not a lot of available inventory.  For townhomes in the 325-350k price range, there is also a lot of competition.  If you want to have success purchasing a home in Hawaii, you must have an Oahu Real Estate Agent that is working full time for you.  You need to be advised immediately when a new property comes on the market because if you wait a day or two, someone else will get that property.  Hawaii Military Realty prides themselves on working as full time real estate agents in Hawaii who are committed to working diligently for you in order to get you the home of your dreams.  For more information on Oahu Real Estate, Ewa Beach Homes For Sale, Short Sales in Hawaii, Kapolei Resort Homes For Sale, Mililani Homes For Sale, Foreclosures in Hawaii and to speak to a Hawaii Military Relocation Specialist, contact Hawaii Military Realty at (808) 218-9338.

Ewa Beach Home Sales Statistics (Ewa by Gentry and Ocean Pointe)

I compiled the following Ewa Beach home sales statistics for Ewa by Gentry and Ocean Pointe.   These statistics were valid as of Sep 30, 2011.

The homes in Ewa by Gentry neighborhoods are just as desirable as or even more desirable than many other neighborhoods on the island of Oahu.  When a property comes on the market in a Ewa by Gentry community, an interested Buyer will make an offer on the property within a few days of listing.  This information is based on the most recent statistics as found on the Honolulu Board of Realtor’s Multiple Listing Service

As long as the property being listed is in decent condition and is priced at or near fair market value, there seem to be Buyer’s waiting in the midst to submit an offer to purchase the homes.  Part of the reason for this is the historically low interest rates that have been hovering anywhere in the 3.75% to 4.25% for a 30 year, fixed rate loan.

Ewa by Gentry neighborhoods have had their fair share of short sales, foreclosures and Homeowners Assistance Program (HAP) sales.  However, regardless of which one of these categories that the homes fall into, there are still many interested Buyer’s waiting on homes to hit the market.

Ewa by Gentry single family home most recent statistics (covering approximately the past 6-8 months)

  • There are currently 39 homes available for sale.  This includes new homes in Haleakea that are listed on the MLS.  Of these 39 homes, 9 of them are listed as short sale and 4 of them are listed as foreclosures or lender sales.
  • There are currently 58 properties that are under contract but have not closed yet.  Of these 58 homes, 37 of them are listed as short sales and 6 of them are listed as foreclosures or lender sales.
  • There have been 93 homes that have sold recently.  Of those 93 homes, 33 of them were short sales and 8 of them were foreclosures or lender sales.

For the sake of comparison, these are the statistics for our neighbors in theOcean Pointe community covering the same 6-8 month time period.

  • There are currently 5 homes available for sale.  Of these 5 homes, 3 of them are listed as short sales.
  • There are currently 19 homes that are under contract but have not closed yet.  Of these 19 homes, 12 of them are listed as short sales and 1 foreclosure or lender sale.
  • There have been 45 homes that have sold recently.  Of these 45 homes, 8 of them were short sales and 6 of them were foreclosures or lender sales.

Given the amount of homes in Ewa by Gentry neighborhoods versus Ocean Pointe neighborhoods, these statistics are very similar.

(Information here-in is deemed reliable but not guaranteed)