I have decided to put the condo market in the "Ewa Plain" in the spotlight this time.
|Ewa Plains (Page 6 of PDF Report)|
Here is the current MLS activity of the Ewa Plains area for 2013 up through 3/24/13: Customer Short Page.
Here is the current MLS activity of the Ewa Plains area within the current median price +/- $5000: Customer Short Page.
In most cycles, the Ewa area tends to react to the market conditions a little later than the Metro/Honolulu areas do. Many shoppers have been experiencing multiple offer "bidding wars" on homes priced around this "affordable" price range. Some of them may be frustrated with the competition and opt for the available inventory in the Ewa area and probably get a newer and larger home for the same price.
What would you do and how do you feel about the Ewa Plains area? Compare it to other neighborhoods around the island by viewing the entire report.
Source: Honolulu Board of Realtors Local Market Update February 2013 [PDF].
The MLS links in this email or blog post expire 30 days from the date of report.
REALTOR® GRI SFR SRES
East Oahu Realty
6600 Kalanianaole Hwy #114
Honolulu, Hawaii 96825