Salt Lake Area (tax map key 111, includes Moanalua, Aliamanu, Mapunapuna and Airport Area)
The below figures include both fee simple and leasehold properties. These are only the totals and average sale prices.
Single Family homes sales have softened. Average sales price of single family homes have continued to climb, while a little off in November the low sales volume makes it impossible to draw any conclusions. Sales volume is down from last year. Inventory levels are beginning to come down.
Condo and townhouse sales are another story. Inventory continues to remain low. Average sales prices have seen a nice jump over last year. The Salt Lake area is still in a seller's market for condos.
Current Active for Sale (as of 12/22/07):
- 20 Single Family Homes
- 35 Condos/ Townhouses
Currently in Escrow (as of 12/22/07):
- 6 Single Family Homes
- 27 Condos/ Townhouses
For the Month of November 2007 |
| | | | | | | |
Single Family Homes |
| Number of Sales | | Average Sales Price |
Area | 2007 | 2006 | % Change | | 2007 | 2006 | % Change |
Salt Lake Area | 3 | 4 | -25.00% | | $741,333 | $777,500 | -4.65% |
| | | | | | | |
Condominiums |
| Number of Sales | | Average Sales Price |
Area | 2007 | 2006 | % Change | | 2007 | 2006 | % Change |
Salt Lake Area | 18 | 28 | -35.71% | | $354,583 | $304,964 | +16.27% |
| | | | | | | |
Year to Date Through November 30, 2007 |
| | | | | | | |
Single Family Homes |
| Number of Sales | | Average Sales Price |
Area | 2007 | 2006 | % Change | | 2007 | 2006 | % Change |
Salt Lake Area | 35 | 42 | -16.67% | | $774,057 | $699,119 | +10.72% |
| | | | | | | |
Condominiums |
| Number of Sales | | Average Sales Price |
Area | 2007 | 2006 | % Change | | 2007 | 2006 | % Change |
Salt Lake Area | 232 | 269 | -13.75% | | $316,228 | 289,281 | +9.32 |
*These numbers were taken from the Honolulu Board of Realtors MLS system and 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/
;)
;)
