Tag Archives: kuapapa

Bidding Wars on Ewa Beach, Hawaii Homes Continues Into 2021

The inventory of homes for sale in Ewa Beach, Hawaii is minimal. There are a ton of Buyers looking for homes. Interest rates are low. Combine those 3 things and you have “bidding wars” on homes. In the past 2 weeks, we have had Buyers make offers ABOVE the list price by many, many thousands of dollars only to get beat out by someone that was willing to go higher. Two of the properties had a total of 28 offers and another one had 22 offers. Thats very hard to compete with if Buyers are not willing and/or not able to pay a higher price and have disposable cash to make up the difference between the appraised value and the inflated price they have to pay just to get the house.

Ewa Beach, Hawaii: A Decade of Price Differences 2006/2007-2017

The housing market in Ewa Beach, Hawaii was a roller-coaster ride over the past 10 years.  A few examples of home prices in a few random neighborhoods:

  1.  Towhomes at Fairways Edge in Ocean Pointe.  A typical 3 bedroom, 2.5 bathroom unit sold new from the developer Haseko for in 2007 for $425,000.  During the recession, the same unit sold as a short sale for $325,000 in 2011.  That unit recently sold in the summer of 2017 for $515,000.
  2. Ewa by Gentry Montecito Tuscany.  A typical 3 bedroom, 2.5 bathroom single family CPR house sold new by Gentry Homes for $391,000 in 2006.  During the recession, the same house sold as a short sale for $340,000 in 2010.  That house then sold in 2016 for $535,000.
  3. Ocean Pointe Single Family Home in Ewa Beach.  A typical 3 bedroom, 2.5 bathroom single family house resale to the 2nd owner sold in 2007 sold for $515,000.  It was then sold as a short sale after we were climbing out of the recession in 2012 for $450,000.  That same size home was sold in 2017 for $665,000.

For more information on Ewa Beach homes for sale, New Construction in Ewa Beach, Hoakalei Resort, Ka Makana, Kipuka, Kuapapa, Lei Pauku, Hawaii VA Loans and short sales, contact Hawaii Military Realty, Inc.