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Oahu Median Sale Price was $600k in April of 2012

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Real Estate Agent with Harcourts Island Real Estate RB-20368

In April, the median sales price for a home on Oahu was $600,000, which was up 2.6% from the same month in 2011. Meanwhile, sales dipped 5.2% with 217 closed sales on Oahu.

The Oahu Condo Market Follows a Similar Trend

The condo market followed a similar trend, with prices slightly up and sales slightly down. The median sales price was up 4.6% to $319,000 while sales were down 9.5% with 343 sales on Oahu. It appears we’re following a similar “seller’s market” trend as March as days on market dipped to 33 days for condos and just 30 days for single family homes.

Here’s a recap of April real estate trends on Oahu:

Neighborhoods “Hot” for Sellers

  • Home sales in Makakilo were up 200%
  • Home prices in Makaha-Nanakuli were up 26%
  • Condo sales in Kailua-Waimanalo were up 83%
  • Condo prices in Kalihi-Palama were up 107%

Neighborhoods “Hot” for Buyers

  • Home sales in Aina Haina-Kuliouou were down 63%
  • Home prices in Aina Haina-Kuliouou were down 46%
  • Condo sales in Waipahu were down 67%
  • Condo prices in Ala Moana-Kakaako were down 22%

As always, all real estate is local. To find out what is happening in your neighborhood, feel free to contact me to see what is going on in your market, and if now is the time to buy or sell.

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