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oahu housing prices: 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 There are many homes that do not sell and are either withdrawn from the market and/or re-listed at a later date.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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oahu housing prices: Oahu Sales and Prices Take a Hit in May - 06/09/11 03:14 AM
Resales of single family homes and condos on Oahu continued April's downward trend of fewer transactions in the marketplace.
The bad news first:
Single family home sales were down 15.3% and condo sales were down 10.3% in May. Median prices also stumbled from last year with home prices down 0.8% to $595,000 and condos down 4.9% to $290,000.
Now, the good news:
Although April and May's figures were not as strong as last year, both outpaced 2009's figures. In addition, we are on track for a strong healthy summer as pending home sales are up 22.2% for homes and up … (0 comments)
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oahu housing prices: April Honolulu Housing Stats - 05/11/11 04:03 AM
In April, we experienced one of the largest dips in home sales on Oahu in awhile.
This Honolulu home (MLS# 1014958) is priced at April's median price of $585,000
Existing home sales were down 19.6% from the previous year. Condo sales were also down 6.7%. On a brighter note, prices were stable as the median sales price on Oahu was up 3.5% for homes to $585,000 and down just 0.7% to $305,000 for condos.
Although the dip in home sales may be alarming, April is typically a slower month as people are preparing their taxes. This was also the first bump … (0 comments)
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oahu housing prices: 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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oahu housing prices: Oahu Condo Sales Surged in February - 03/12/11 05:46 PM
The Honolulu Board of Realtors has released the latest stats for February.
Condo sales were up from 244 to 295 resales, which represents a whopping 20.9% increase from the previous year! The median sales price of condos on Oahu also increased 7% over the same period from $299,000 to $320,000. Single family home sales were relatively flat with a 2.3% increase in sales volume from 177 to 181 homes sold. Prices were also flat as they were down 1% from $575,000 to a new median price of $570,000.
58 was the magic number in February for the amount of time needed … (1 comments)
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oahu housing prices: Oahu Real Estate Market Finishes Strong in 2010 - 01/11/11 06:24 PM
The Honolulu Board of Realtors recently released their stats for December and year end for 2010. Both sets of data ended on an upswing.
Oahu Single Family Home Sales in December:
There were 306 sales, which was up 12.5% from December of 2009 The median sales price was $587,000, which was up 5.8% from December of 2009 Oahu Condo Sales in December:
There were 341 sales, which was down 2.6% from December of 2009 The median sale price was $303,000, which was up 0.2% from 2009 Oahu Single Family Home Sales for Year End:
There were 3,051 sales, which was … (0 comments)
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oahu housing prices: Oahu Home Sales Down in October While Prices Stable - 11/24/10 01:58 PM
Perhaps I got ahead of myself when I said, "don't be scared of Oahu's home sales" last month.
We are thankful this Thanksgiving for stable home prices on Oahu.
In October, sales of single family homes were down 16.9%, and condo sales were down 21.3% from the previous year. That's the "scary" news. What isn't so scary, is prices are stable with the median sales price down just 1.4% to $595,750 for single family homes, and condo prices remained unchanged with a $300,000 median price. On a positive note, here are two strong indicating factors that should boost November sales:
Pending sales … (0 comments)
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oahu housing prices: 40% off Last's Year's Price for Waikiki Condo - 10/10/10 12:11 AM
Looking for a great deal in Waikiki? We just reduced Pomaikai #17A to $144,900 leasehold.
Pomaikai #17A (MLS# 1012008) is a deal! Here's the view from one of two lanais.... Read entire post →
… (3 comments)
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oahu housing prices: Oahu Real Estate: Selling More and Faster, and at Higher Prices - 06/29/10 04:34 AM
Many leading indicators last month from the Honolulu Board of Realtors statistics show our market on Oahu has been heating up for the summer.
Selling More: Single family home sales were up 31.5% in May and condo sales were up 35.5% compared to 2009.
Selling Faster: Homes only took 27 days on the market to sell, while condos took 28 days on the market. This is a big difference from 47 and 52 days, respectively, in 2009.
Higher Prices: The median sales price for homes was up 11.8% to $606,000 and condo prices were up 4.2% to $312,500.
… (2 comments)
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oahu housing prices: Homebuyers Jump into Oahu Real Estate Market at Discounted Prices - 05/12/10 05:14 AM
The Honolulu Board of Realtors' April 2010 stats are out and once again sales volume is up. Continuing on strong momentum from March, single family home resales were up 52% and condos up 48.3% from last year!
Buyers took advantage of discounted prices as the median sales price for homes were down 6.2% and condos down 2.2% on Oahu. This has been a healthy market as buyers realize now is a good time to buy. Now that the government's tax credit is a thing of the past, it will be interesting to see if this momentum carries into summer, which … (0 comments)
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oahu housing prices: Oahu Sales Volume and Prices Higher in March - 04/15/10 02:53 AM
The sales volume on Oahu continued to gain steam outpacing 2009 again. Single family home sales were up 32.1% and condo sales were up 36.4%. Prices were also slightly up with 4.2% appreciation on homes and 3.3% appreciation for condos. While volume and prices were heading up, inventory was down 23.8% across the board compared to March of last year.
Sellers are also fairing better than they did a year ago, realizing 95.7% of asking prices for homes and 94.5% for condos across the board. In my opinion, this was driven by 3 factors:
Lower inventory More buyers in the marketplace with the … (0 comments)
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oahu housing prices: January Stats out for Oahu- Some Strengths among the Weakness... - 02/04/09 09:28 PM
The Honolulu Board of Realtors has released the latest stats for January of 2008. The median sales price of a single family home on Oahu is down 10% from the previous year- from $600,000 to $539,500 which puts us back to Feb./March of 2005 levels. The North Shore led the way- down 51.8% from the previous year. East Oahu held strong w/ a median sales price up 2.2% from 2008! Remember- ALL MARKETS ARE LOCAL What may be happening in one neighborhood might not be happening in another... Our median sales price for a condo is also down 5% from $324,000 … (0 comments)
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oahu housing prices: What's Selling in Oahu? Homes $500-699k; What's not Selling? Homes above $1 Million - 11/27/08 12:55 AM
We recently got our market update from the Honolulu Board of Realtors from the 3rd Quarter of 2008. After looking at the stats, what jumped out at me are two things:
1. Single Family Homes from $500,000 to $699,000 are selling! 34.5% of all homes sold fell in that category. This was the largest category/price bracket followed by homes in the $700,000 to $999,000 range at 24.7% of sales. Meanwhile, when you look at the inventory in that same price range it encompassed only 29.8% fell in the $500,000 to $699,000 range.
2. Single Family Homes over $1 Million counted for … (2 comments)
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oahu housing prices: Where are our Housing Prices Headed? - 02/23/08 05:53 PM
I just had a conversation the other day with a friend of mine asking "what do you think is going to happen to prices here on Oahu?" He said that a from all sources he's been hearing from "if Hawaii hasn't been effected yet, it will be" and that prices are "going to go down". Now, we all wish we had a crystal ball & could predict where prices are headed. If that were the case, we would all be very wealthy....
My response was, I wouldn't mind if prices went up or down. Realtors make money helping their clients when … (1 comments)
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David Buck
Honolulu,
HI
More about me…
Hawaii Life Real Estate Brokers
Address: 4614 Kilauea Ave., Suite 206, Honolulu, HI, 96816
Office Phone: (877) 370-2825
Cell Phone: (808) 371-3509
Email Me
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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