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north shore: Lower Inventory on Oahu Led to Higher Home Prices in March - 04/24/12 09:34 AM
Months of remaining inventory in March was the lowest we’ve seen in years. Homes are now at 4 months and condos at 4.5 months. According to the National Association of Realtors, anything less than 6 months is considered a “seller’s market.” Believe it or not, we’ve been in a seller’s market now since September of last year.
The median sales price for a single family home on Oahu jumped 13.9% from last year to $625,000, which was also the same price we had in February. Other trends pointing towards a seller’s market are a 10.8% drop in the numbers of sales as … (2 comments)
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north shore: Oahu Home Sales and Prices Up in February While Condos Were Down - 03/25/12 03:38 PM
Oahu Home Sales and Prices February was a strong month for the single family home market on Oahu. Prices were up 9.6% to $625,000, while sales were up 19% to 217 island wide.
Sales of homes (that sold) moved briskly with an average of just 34 days on market! Keep in mind, there are many, many homes that have not sold. Those that are withdrawn and expired aren’t factored in to these stats. It does go to show that we have a healthy market here. Homes that are priced well aren’t on the market much more than a month.
Oahu Condo … (0 comments)
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north shore: Oahu Median Sales Price up 8.6% - 02/14/12 01:44 PM
Oahu’s median sales price for homes jumped 8.6% in January to $618,900, which is the highest we’ve seen since September of 2010. Meanwhile, sales volume was down 12.1% from last year and its lowest since February of 2010, indicating signs of less inventory = higher prices.
Oahu Condo Statistics On the condo front, the median price was also up 4.8% to $305,000 and sales volume was up just slightly at 1.9%. After 4 months of pending sales dropping in volume, they picked up significantly in January as I think both Realtors and Buyers are coming through on their New Year’s resolutions.
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north shore: July Homes Sales and Prices Down on Oahu - 08/12/11 07:21 PM
Although sales of single family homes on Oahu in July were down 7% from 2010, Realtors on Oahu closed as many transactions as June with 251 sales. Prices were also down 2.2% from last year. On a brighter note, they took a tick up from June’s median price of $575,000. It also took homes that sell* an average of 34 days on market.
*Homes that don’t sell aren’t factored into the 34 days on market stats. There are many homes that do not sell and are either withdrawn from the market and/or re-listed at a later date. If you attempted to … (0 comments)
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north shore: March Home Prices Down on Oahu - 04/18/11 10:50 PM
You know the saying that goes "all is relative?" Relative to 2010, Oahu condo and home sales are in a slump. Existing home sales were down 2.4% and condo sales down 8.1%. The median sales price for homes were down 8.6% to $548,500 and condos were the glimmer of light up 1.6% to $315,000. That's the bad news.
The good news is relative to other parts of the country, our market is still "relatively" healthy. The average days on market for a home to sell in March was 41 for homes and 46 for condos. In addition, one strong sign for … (1 comments)
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north shore: Oahu Home Sales Up and Prices Down - 02/20/11 11:36 PM
The Oahu real estate market started the year off with a jump in sales and a dip in prices.
In January, there were 199 single family home sales on Oahu, which was up 11.2% from last year. Condo sales were also up 9.5%. Volume increases are typically signs of a healthy market and can often be a precursor to price increases. However, this month we saw a dip in the median sales prices. Single family homes were down 4.2% to $570,000 and condos were down 2.7% to $291,000.
What neighborhoods were hot in January?
Home sales in Makiki-Moiliili were up 300% … (0 comments)
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David Buck
Honolulu,
HI
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Hawaii Life Real Estate Brokers
Address: 4614 Kilauea Ave., Suite 206, Honolulu, HI, 96816
Office Phone: (877) 370-2825
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Hawaii Real Estate through David Buck, a Realtor in Honolulu, Hawaii. Insights to real estate market trends, housing, economy, statistics, and where the Honolulu or greater Oahu real estate market is headed.
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