Pualani Estates Sales Price and Pace of Sales Increase

Pualani Estates, known for its convenient location, spacious floor plans, and community park, has really grabbed the attention of buyers. If you take a look at the last 30 days there has been a sale in the Pulanai Estates neighborhood every 3 days. This is a pretty impressive pace that both sellers and buyers should consider notable especially in comparison to this same time last year when the pace of sales occurred at 1 every 10 days.

Pualani Estates Sales Statistics

Taking a further look at the sales in Pualani Estates you will find that of the 10 homes that sold, all but three were sold by the developer. Of the three properties that were not sold by the developer, one sold just below the asking price (MLS# 251760), one sold at the asking price (MLS# 255608), and one sold above the asking price (MLS# 256405).

A Pualani Estates home selling at the asking price and another selling above the asking price is not something that we have seen since in a few years. Furthermore, with an average sales price of $375,000 and an average of only 40 days on the market, the sales price and pace of sales tells the tale of a rising market compared to this same time last year.

2011 & 2012 Pualani Estates Market Comparison

The chart below compares the market in Pualani Estates between 11/18/2011-12/18/2011 and 11/18/2012-11/18/2012:

If you are a Pualani Estates Seller

For someone looking to sell in the Pualani Estates subdivision this sales pace indicates a robust market with a plethora of qualified and aggressive buyers. A properly priced home with smart marketing will command the attention of buyers and likely sell quickly.

View from lanai; (MLS# 257160) sold above the asking price

If you are a Pualani Estates Buyer

For the potential buyer this sales pace means that there is more competition for the properties that are listed on the market. In a fast paced market, a buyer must be willing to make an offer on a property that they find desirable, very quickly. They must also be prepared to make their offer as strong as possible when entering negotiations.