Kakela Makai Oceanview Home Sales

December brought Kakela Makai a new benchmark for home sales prices to our neighborhood!

A home on Kakela Makai Drive sold at a price of $1.5 million! This is the highest sales price to date in the neighborhood. This is good news, as we have gradually seen a slight decline in home sales prices in the neighborhood since 2006. The three other home sales in Kakela Makai during 2007 were all under $1 million. But, with this most recent sale of $1.5 million, it brings the average selling price for 2007 to $1,072,000. There were four home sales in 2007, the same number of home sales as in 2006. However, in 2006 there were two home sales at $1,250,000, four sales overall with an average sales price of $1,072,750.

There are currently 10 homes on the market in Kakela Makai. The asking prices range from $895,000 to $1,600,000, with the average asking price being $1,161,400.

Lot sales in Kakela Makai picked up in the second half of 2007. There were 12 lot sales in 2007, 9 of which were after June 1st. The highest sales price was $500,000, the lowest was $312,000, while the average selling price was $416,258.

One can’t compare the number of lot sales in 2007 to 2006 because of the release of 89 new developer lots in Phase III in 2006. Overall there were 92 lot sales in 2006. But, if we compare the sales prices, the lowest sales price in 2006 was $250,000, the highest was $560,000, and the average was $370,891. If you compare the average lot sales price from 2006, of $370,891 to the average sales price in 2007 of $416,258, you see there has been an increase in the average lot sales price of over $45,000!

As of now, there are 32 lots for sale at Kakela Makai. They range in asking price from $335,000 to $679,000 with an average asking price of $444,793.

If you are interested in learning the current market value of your home or lot, or purchasing property in the beautiful new Kakela Makai Oceanview Subdivision, please give me call! Fran McDonald, RA, ABR, 808-635-0165

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