September 2007 numbers are in.
Single Family Home Sales set a new record high for the median price in June and came back down a little. From this time last year the median price has shown an overall modest increase.
Condominium Sales matched the record high for the median price that was set in June 2007, which is up from last year at this time. Sales volume was down a little.
With interest rates remaining low and a nice selection of inventory, buyers and sellers can still enjoy this market.
For the Month of September 2007 | ||||
| ||||
OAHU SINGLE FAMILY HOME RESALES | ||||
| Number of Sales | This Month Compared to | Median Sales Price | This Month Compared to |
Sept 2007 | 255 |
| $650,000 |
|
August 2007 | 381 |
| $650,000 | - |
Sept 2006 | 359 | -29.0% | $620,000 | 4.8% |
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OAHU CONDOMINUM RESALES | ||||
| Number of Sales | This Month Compared to | Median Sales Price | This Month Compared to |
Sept 2007 | 414 |
| $335,000 |
|
August 2007 | 495 |
| $325,000 | 3.1% |
Sept 2006 | 481 | -13.9% | $320,000 | 4.7% |
*These numbers were taken from the Honolulu Board of Realtors MLS system and Old Republic Title they are deemed to be accurate, but not guaranteed.
You can find out more about real estate in Hawaii at: http://www.hawaiirandy.com/
Or at: http://www.localism.com/
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