Honolulu County Real Estate Housing Market Numbers

JULY 2009  

Honolulu County Hawaii Homes Market Statistics for JULY 2009  definitely shows an increase in activity and sales prices. Our market is stabilizing and we do believe we just may have bottomed out.

In the Honolulu Real Estate | Market Report for June 2009 our sales numbers for single family homes showed an increase from 225 in May to 254 in June. Now for July we have had 265 sales and the Median Sales price rose from $569,000 in June to $595,000 in July!  An increase upwards of 4.6% in sales prices and upwards of 5.6% in sales numbers!

Hono Market 7-09

 Condo/Townhouse Resale Numbers:  Our Honolulu Real Estate Housing Market sales numbers for condos/townhouses decreased in the past month although median sales prices increased from $310,000 to $312,000. With 263 sales in May to 293 sold units in June we now see a slight decrease in sales to 327 sold units. The sales prices increased upwards to 0.6%!

Hono Market 7-09 Condos

Could this be a turn around for our market now?  We're hoping so. Business has picked up for all, interest rates are down and inventory slowly going down in all neighborhoods. We credit the continuous shrinking inventory for our stable price levels and we're hoping the housing industry has seen it's bottom in Honolulu County.

 Honolulu County Market Statistics vary from neighborhood to neighborhood and I'll be giving you updates throughout the month for July 2009. If your situation and circumstances allow....it just may be your time to buy and also utilize that $8,000 first time home buyer credit this year.

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Celeste "Sally" Cheeseman is a Realtor-Associate with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs  she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents. Website: www.hawaiihomesmarket.com

  

 

                                                       

 

Celeste "Sally" Cheeseman  is a Realtor-Associate® and Certified Residential Specialist (CRS) with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs  she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocations, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents, Home Buyers and Sellers.

 

 © 2007-2013 Celeste "Sally" Cheeseman's Hawaii Real Estate and Relocation Blog.

All rights reserved.

     

 


 

 

 
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9 Comments on Honolulu Real Estate | Hawaii Homes Market Report July 2009

AUG
05
2009
258,153 Points 3 Featured Posts Localism Sponsor Outside Blog

What an attractive report, Sally, just so much fun to view, and such positive news in your local market. YEAH! Very nice.

8:53pm • #1
831,208 Points 174 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Sally, it does look like it is picking up out there. And that, my friend, is good news!

9:12pm • #2
1,596,322 Points 437 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Sally - looks like some continued good news. We are seeing similar trends. But with the end of the California moratorium on foreclosures coming soon, we may see come significants shifts again. Time will tell, but for now it has gotten pretty compettive at the low end of the market.

Jeff

10:23pm • #3
1,568,286 Points 278 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Sally- WoW, that was one fast recovery! Hawaii must hold the record for the last to decline and the first to rebound! Of course, paradise encourages a high demand and the islands have a low supply.

11:04pm • #4
1,101,081 Points 202 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Woo Hoo, This is a great market report and has evolved to be quite excellent. The market stats look like a real uptick and it bodes very well for the rest of the year. Come 2010, I suspect there will be increased pressure to save many of the foreclosures and that will help prices by allowing them to seek their natural level with much less negative economic news influence.

11:32pm • #5
712,468 Points 118 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Woo Hoo Sally,

You do the BEST job of making statistics interesting.  Great post!

Mike in Tucson

11:56pm • #6
AUG
06
2009
231,980 Points 2 Featured Posts

Aloha Sally

Good to see you guys doing good also.

Over here in Kona, we have had 3 months in a row that single family homes have matched or exceeded last years sales.

IN FACT JULY 09 HAD A 92% INCREASE OVER LAST YEAR!!!

Is this the sign?

See you later

Lance

 

11:40am • #7
133,460 Points 4 Featured Posts Outside Blog

Sally -- what an attractive report!  I really like the graphs -- do you have a particular program that you use for them?

1:45pm • #8
1,388,551 Points 255 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Sally that is a lot of sales in one month, I hope that you got your share of them.  Keep those positive figures coming :) :)

2:04pm • #9

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Celeste "SALLY" Cheeseman RA CRS HAWAII Mililani Oahu Real Estate (Century 21 Liberty Homes) Ambassador_large

Celeste "SALLY" Cheeseman RA CRS HAWAII Mililani Oahu Real Estate

Mililani, HI

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Century 21 Liberty Homes

Address: 95-221 Kipapa Drive Ste. E-3, Mililani, HI, 96789

Office Phone: (808) 625-1776

Cell Phone: (808) 375-1404

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Reading my blog will give you the human side of this Real Estate Industry Professional as well as allowing you to walk beside me through my writing about Hawaii Real Estate & our Local Area. As a resident of Honolulu County Hawaii for 42 years you will get a tour of a lifetime. Specializing in Hawaii Relocation Military VA Home Buyers you can be rest assured you will be in good hands. I LISTEN to YOUR needs and give you sound advice. Hawaii Relocations, Hawaii Military Relocations, Mililani Hawaii Real Estate, Living in Hawaii, Army Navy Air Force Marines in Hawaii. Read more at www.cheesemanhomes.com


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