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Ko Olina Kai Golf Estates "Selling Like Hotcakes" on Oahu

There’s very little inventory today at the Ko Olina Kai Golf Estates in Ko Olina.

Ko Olina Kai Golf Estates M26-3 (MLS# 1015719) is the only 3 bed, 3 bath unit available

A few months back, a colleague of mine wrote about how the Ko Olina real estate market is bottoming out. Charlie spent many years selling Ko Olina real estate and it appears his prediction is coming true. As of today, there are only 3 units available for sale at the Ko Olina Kai Golf Estates. This is less than 1% of the project’s 324 units!

There’s an additional 6 units that have accepted offers on them. In December and January, we represented buyers on two separate 3 bed, 3 bath units, which are the same floor plans featured in last week’s episode of Hawaii Five-O. Both of the buyers we represented got great deals, where they bought in the low $500,000 range on units that sold in the high $700,000 a few years back.

Ko Olina Kai Golf Estates M30-2 (MLS# 1100722) is a 3 bed, 2 bath unit that hit market recently

In 2009, there were only 10 units that sold at Ko Olina Kai Golf Estates. Sales jumped 150% to 25 sales in 2010! One of the reasons is the banks have started to approve short sales more and more (both of our recent transactions were short sales). Although these are selling for bargains, sellers are ‘weathering through the storm’ and very little new inventory is coming on market.

Ko Olina Kai Golf Estates M16-5 (MLS# 1100005) is the 3rd unit available for sale

If you own in Ko Olina and are wondering if now is the time to sell, I’d be glad to share with you our concepts of Smart Marketing and Solid Representation.

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