The 2015 year is going by in a flash and although we do monthly reports of the Honua Kai micro-market, it is important to have a broader overview of the market as it evolves. First, let's examine what happened in the 3rd quarter of 2015.
New Listings 3Q15
The Honua Kai micro-market introduced 19 new listings during the subject time period. The new inventory is broken down as follows: 1 Studio (sold before listed, for comps purposes only), 4 one bedroom units, 9 two bedroom units, and 5 three bedroom residences. The influx of over $31M in listings is welcomed as supply has been comparatively low, but the need for more one bedroom units becomes more apparent - particularly well-priced units with ocean view corridors.
Sold Listings 3Q15