| |
oahu sales: 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)
|
oahu sales: 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)
|
oahu sales: 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)
|
oahu sales: 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)
|
oahu sales: 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)
|
oahu sales: 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)
|
oahu sales: Oahu Home Sales Down, While Median Price Up to $605,000 - 08/20/10 04:25 AM
The same ‘ole story has finally changed. After almost of year of writing articles on how our sales volume is increasing on Oahu, July was the first month where we didn't outpace the previous year's overall numbers. Single family home resales just barely outpaced July of 2009 by two sales, while condo sales were down from 343 to 320.
In addition to the volume working its way up, so were the prices until June when they went flat. Prices for single family homes however rebounded with a median sales price of $605,000. Condo prices were down from June and 2.7% off last year's prices.
… (1 comments)
|
oahu sales: More Oahu Homes Selling in Less Time in June - 07/25/10 09:22 PM
The first half of 2010 on Oahu has been a "healthy" market to say the least.
Last month I wrote about how more homes were selling faster at higher prices in May of 2010. June continued the trend of increased volume and less days on market, however prices were somewhat flat.
Sales Volume was up 8.4% for Homes and 38% for Condos!
Homes that Sold on Oahu averaged only 32 Days on Market, while Condos averaged 31 Days. This is phenominal when you compare to the rest of the United States!
Prices were relatively flat with … (0 comments)
|
oahu sales: 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)
|
oahu sales: 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)
|
oahu sales: Oahu Market Gaining Some Steam - 04/10/09 04:49 PM
Almost every indicator for March showed the market much stronger than January & February. Part of this could be seasonal, however on a % basis things were pretty good. The number of single family home sales were up 45% and condo sales were up 55%! Median home prices month over month were up 8% and condos up 2.6%. Days on market for homes were down 30% and 32% for condos. This is twofold: things are selling quicker and things that aren't selling, sellers are pulling off the market to rent. This is also reflected in the inventory with 27 less homes … (1 comments)
|
oahu sales: Oahu Sales Down for November, Ironically so was Inventory… - 12/04/08 03:26 AM
Remember when the Dow Jones plunged, the "bailout" talks started & the sky was falling? A lot of that was mid September. Those going into contract then equated to November closings! I unfortunately had 3 deals fall apart on me during all this. Guess what? We're all still alive & breathingJ I've since put several deals back under contract. As predicted, November 2008 would be an interesting month with our stats.
Through the month of November, everything seemed to be down across the board. Year to date, our total volume of sales on Oahu is down from $4.65 Billion to $3.447 … (1 comments)
|
|
|
|
|
|
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.
 Listings
Links
Archives
|
;)
;)
;)
