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January 2008 Oahu (Honolulu County) Residential Property Resale Statistics

By
Real Estate Agent with eXp Realty 2021016812

Single Family Resale Median Prices are consistent in January 2008 with January 2007.  After seeing price increases earlier in 2007 Single Family Homes saw the median price in January dip back to the 2007 level for the same period.  Sales volume continues to be down from the previous 12 month period.

Condos and Townhouses saw a slight increase over January 2007 for the median price, while sales volume saw an even larger drop than the single family homes saw.

 

OAHU (Honolulu County)

January 2008 Residential Resales Statistics for Oahu

Single Family Home Resales

 

 

Number of
Sales

This Month
Compared To

 

Median*
Sales Price

This Month
Compared To

 

 

January 2008

228

  

  

$ 600,000

  

 

 

December 2007

 

 

 

$ 610,000

dn 0.2%

 

 

January 2007

263

dn 13.3%

 

$ 600,000

No Change

 

 

Condominium Resales

 

 

Number of
Sales

This Month
Compared To

 

Median*
Sales Price

This Month
Compared To

 

 

January 2008

324

 

 

$324,000

 

 

 

December 2007

 

 

 

$320,000

up 1.3%

 

 

January 2007

418

dn 22.5%

 

$320,000

up 1.3%

 

 


Click here to view December 2006 Resales Charts.

*Median price means half the prices were above and half below the given price.

 

 

          Oahu Sales Volume Statistics

 

          Oahu Median Prices

*The above numbers and statistics were provided by the Honolulu Board of Realtors and are deemed to be accurate, but not guaranteed.

Posted by

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®

Broker-in-Charge, ABR, AHWD, CRB, CRS, e-PRO, GRI, MRP, SFR

eXp Realty

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.  His luxury home listings sell faster and for more money.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

Comments(4)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert
Randy, hope things turn around over there.  We saw lower sales volumes here in Connecticut 1n 2007, but a slight increase in the median prices.
Feb 05, 2008 01:59 PM
Randy L. Prothero
eXp Realty - Hollister, MO
Missouri REALTOR, (808) 384-5645
George - As long as the prices hold we should not see the foreclosures like other parts of the country.
Feb 05, 2008 02:34 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Randy,

Wow, I'm really surprised at your prices. You know we always hear about how expensive things are in HI  so I thought you median price might be a little higher, everything is so beautiful everywhere. Maybe I was just looking at the high priced stuff and dreaming?

Feb 05, 2008 03:19 PM
Randy L. Prothero
eXp Realty - Hollister, MO
Missouri REALTOR, (808) 384-5645

Lynda - We are a bargain for many from California and Canada.

Feb 05, 2008 05:16 PM