KAPOLEI / MAKAKILO – SINGLE FAMILY HOME END OF MARCH MARKET UPDATE
If you want data on Condos / Townhouses in the Kapolei / Makakilo area, please feel free to message me and I will break it down for you.
ANALYSIS
The Months Supply of Inventory, which currently stands at 4.54, indicates the number of months it would take to sell all existing inventory at the current sales pace. A lower number suggests a seller’s market, where demand exceeds supply, potentially leading to higher prices.
With a Median Days Homes are On the Market of 31, sellers can expect their property to sell relatively quickly, reflecting strong buyer interest in the current market conditions.
The Sold to List Price Percentage of 98.1% indicates that sellers are typically able to sell their homes close to the listing price, demonstrating a healthy market where buyers are willing to pay close to asking prices.
Lastly, the Median Sold Price of $995,000 provides a benchmark for evaluating the value of your property compared to similar homes in the area.
Overall, these metrics suggest a favorable market for sellers, with low inventory levels, quick sales, and strong sale prices. By leveraging this information, sellers can make strategic decisions to optimize their selling experience and maximize their returns.
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