Hawaii Homes Market Report
Honolulu County Real Estate Market Report- September 2009
Honolulu County Housing Market Statistics for September 2009 shows activity for sure! Our market is picking up considerable with home sale prices and inventory is lower too.
Single Family Resale Numbers: In the our sales numbers for single family homes showed a very slight decrease in sold single family homes from 247 to 244. The Median Sales price rose from $566,000 in August to $600,000 in September. This is an increase of 13.5% from September 2008 to 2009 and also shows an increase of 1.7% from September of 2008 to 2009 with a 6.0% increase in sales prices from August to September 2009.
Condo/Townhouse Resale Numbers: Our Honolulu Real Estate Housing Market sales numbers for condos/townhouses decreased slightly in the past month due to lowering inventory on the island of Oahu. Honolulu County Median sales prices increased 13.1% from September of 2008 to 2009 and increased 5.2% from $290,000 to $305,000.
These Honolulu County Market Statistics vary from neighborhood to neighborhood and I have experienced multiple offers on homes and townhouses in all areas in Honolulu County including short sales. Stay tuned for more neighborhood market statistics or contact me at sally@hawaiihomesmarket.com for more information!
I believe this turnaround can be attributed to interest rates are lower 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.
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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.
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Those are some big numbers compared to good ole Fort Wayne, Indiana! :)