The Honolulu Board of Realtors is publishing new statistical data now for neighborhoods on Oahu, organized by TMK. For Hawaii Kai, this is 1-3-9. The new format comes with graphs, with single family homes and condos on the same page. Shown are Year-to-Date (YTD) New Listings, Closed Sales, Median Sales Price, % of Original List Price Received, Days on Market, and Inventory. If you would like a copy of the sheet, just let me know. They have also published a Housing Outlook, Monthly Indicators, and Sales Data since 1985. This new presentation is certainly easy to read, compared to the many pages of the previous reports.
Here are the March numbers for Hawaii Kai real estate.
Single Family 2010 vs 2009
New Listings 33 vs 29
Closed Sales 19 vs 16
Median Sales Price $770,500 vs $750,000
Average Sales Price $861,750 vs $1,320,200
% of Original List 99.0 vs 90.8%
Average DOM 23 vs 86
Inventory 108 vs 134
Condos 2010 vs 2009
New Listings 36 vs 21
Closed Sales 13 vs 16
Median Sales Price $545,000 vs $517,000
Average Sales Price $548,962 vs $480,713
% of Original List 96.8 vs 91.1%
Average DOM 28 vs 93
Inventory 78 vs 111
Numbers always tell a story, and these numbers are very positive for Hawaii Kai home sales. Yes, the 1st Time Buyer tax credit expires April 30, and some of the sales have been influenced by the push to close before then. But the Inventory and Days on Market numbers for both single family and condos would seem indicative of a change in our Hawaii Kai real estate market.
Contact me for detailed community and neighborhood information.
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