Market Conditions in Wahiawa>Question Details

Jerome, Other/Just Looking in Wahiawa, HI

Hi my name is Jerome, and I notice that the price per square foot in the Wahiawa area is $203 per sq. ft.. Is this base on living area or lot size?

Asked by Jerome, Wahiawa, HI Sun Mar 10, 2013

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0 votes Thank Flag Link Tue Jul 29, 2014
There is no standard but the price per sq.ft. for a single family home is based on the sq.ft. of the home itself, and it is diffferent for different areas, sizes of homes, upgrades of homes, age of homes etc., but
yes if your question is whether the 203 $ per sq.ft. refers to the home, yes it does living area.

If you are looking for property in that area of Wahiawa, do you need the recommendation of a good local Realtor to work with, as he or she would be a great resource for you to answer all you questions and concerns, arrange showings of homes, negotiate a great offer on your behalf, providing you with a market evaluation before deciding on what to offer, and sooooo much more. Let me know if I can help
with a good recommendation.

Good Luck to you

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Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike....And always with a SMILE :)

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0 votes Thank Flag Link Thu Mar 14, 2013
All right, thank you M. JoAnn, Frank, and Mike for answering my question. You guys have a great day! Thanks again...
0 votes Thank Flag Link Mon Mar 11, 2013
Usually you just take the sales price and divide it by the square footage of the home to get a square footage. The lot and interior are not separated. Building a home in Hawaii is more expensive than on the mainland since the materials have to be brought it. It is not uncommon to see some of the high rise condo listed at over $500-$1000 square foot. This, of course, depends on what fixtures and type of construction, etc. etc. I hope this answers your question in general.

M. JoAnn Yee (R)
Avalon Realty LLC
841 Bishop St. #1601
Honolulu, HI 96813
808-630-6118
0 votes Thank Flag Link Mon Mar 11, 2013
Hi Jerome,

For condos, apartments, townhomes - living area
For single family homes - living area
For land/lots - land/lot size

SF home prices are obviously skewed since you could put a 1000 SF home on a 6000 SF lot for $450,000 = $450/SF.
OR put a 2000 SF home on a 6000 SF lot for $450,000. Price per SF = $225/SF.

You have to compare apples and apples. Even with similar properties, e.g. it's hard to generalize, even if they are in the same building. Just a rough guideline.

Aloha,
Frank



Frank Diaz
(RA) MBA, e-PRO, REALTOR®
808.723.0900 cell
http://hawaiihome.biz/
0 votes Thank Flag Link Sun Mar 10, 2013
Aloha, my name is Mike Gallagher. I own my Brokerage.

You have to understand Hawaii Real Estate, at least on the Island on Oahu the home value is not in the home, it is mostly in the land upon which it sits upon. However, you are correct that the total Asking Price in terms of Price per Square Foot for both the home and the land is reflected in the per square foot figure. If you look at the Public Records Tax Map for any property you will see taxable values: home and land.

Hope this helps.
For a better understand of Real Estate in Hawaii please visit my website: hawaiirealestatestatistics.com

Aloha,
Mike Gallagher
Mike Gallagher Real Estate, Inc.
mikeg@hawaii.rr.com
808-384-9015
0 votes Thank Flag Link Sun Mar 10, 2013
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