Affordable Homes in Ewa
We live on an island in Paradise where real estate comes at a premium. It is tough on first time home buyers more so than on the mainland. The good news is that this past week Cyberhomes.com declared our Ewa Beach community as one of the most affordable for the first time homebuyer. As we reflect on the past year with a struggling economy we cannot but consider it a blessing that our local economy is so much stronger than the mainland. Our economic drivers are stronger and the trends of our economics tend to lag behind the mainland and are greatly influenced by our partners of the East.
Ewa Beach is perhaps the most affordable real estate we have on island today. Currenlty in 2009 Ewa Plains accounts for about 85% of foreclosures and shorts sales on island but with this comes great opportunity. Our Ewa Beach community is growing and traffic is improving due to road work efforts and improved resources. We truly are seeing more business and commerce growth and upward potential than in the past.
There are great property values in Ewa today that prospective buyers can take advantage of which is evident by the increased number of sales seen in the first & second quarter of 2009. Monthly increased sales are noteworthy in the area where it is not unusual to have 4 or 5 offers from prospective buyers on a well priced property. In 2007 the average home value was $533,000 and now is reflected in an average price of $358,247. A purchaser can truly take advantage of this down market with low interest rates, buyers incentives and tax credits for first time home buyers.
If you have not visited in Ewa Beach in a long time it’s a good idea to take a drive out and see what the community offers. Give me a call today! I would love to show you a piece of paradise at a great and affordable price where you can get more house for your money.
Provided by: Cyberhomes.com
Neighborhood Value Information
Estimated Median Home Value
$358,247.00
12-month change
-10.74%
Household Count
15574