Below are sales activity for the month of January 2011 compared to the same month the last year and the previous month. This covers resale homes for Honolulu County (Oahu). Single Family sales volume is up from January of last year. Condos and townhouses are seeing a similar pattern. The median sales price is down compared to the same period last year, but showing signs of increasing in many areas. Inventory levels are low in many areas of the island putting pressure on prices to increase.
Financing restrictions is still making it a bit more challenging for investors and some condo buyers.
|
Single-Family Home Resales
|
||||
|
|
Number of Sales |
This Month Compared to: |
Median Sales Price |
This Month Compared to |
|
January 2011 |
199 |
|
$570,000 |
|
|
December 2010 |
312 |
|
$585,000 |
|
|
January 2010 |
179 |
+11.2% |
$595,000 |
- 4.2% |
|
|
|
|
|
|
|
Condos/ Townhouse Resales
|
||||
|
|
Number of Sales |
This Month Compared to: |
Median Sales Price |
This Month Compared to |
|
January 2011 |
265 |
|
$291,000 |
|
|
December 2010 |
352 |
|
$300,000 |
|
|
January 2010 |
242 |
+9.5% |
$299,000 |
-2.7% |
*Median price means half the prices were above and half below the given price. Data was taken from the Honolulu Board of REALTORS®. It is deemed to be accurate, but not guaranteed.
Comments(2)