February 2008 numbers are in.
Single Family Home Sales have continued to show decreased sales volume. In February we saw a dip in the Median Sales Prices. It will be interesting to see how the March numbers look. I am seeing increased activity in my area for the last few weeks, but it hard to tell if that is just my business or if it is a trend that is happening in a wider area.
Condominium Sales have also seen declines in sales volume in all counties except Maui which had a strong month. Median Sales Prices saw a bump in all counties except Maui which had the volume increase.
FOR THE MONTH OF February 2008 |
| | | | | | | |
SINGLE FAMILY HOMES |
| Number of Sales | | Median Sales Price |
County | 2008 | 2007 | % Change | | 2008 | 2007 | % Change |
Hawaii | 99 | 128 | -22.7% | | $395,000 | $425,000 | -7.1% |
Kauai | 24 | 32 | -25.0% | | $760,000 | $601,500 | 26.4% |
Maui | 76 | 104 | -26.9% | | $624,391 | $625,000 | -1.7% |
Oahu | 163 | 272 | -40.1% | | $599,000 | $614,500 | -2.5% |
Total Sales | 362 | 536 | -32.5% | | | | |
| | | | | | | |
CONDOMINIUMS |
| Number of Sales | | Median Sales Price |
County | 2008 | 2007 | % Change | | 2008 | 2007 | % Change |
Hawaii | 26 | 34 | -23.5% | | $453,500 | $400,000 | 13.4% |
Kauai | 16 | 33 | -51.5% | | $565,000 | $475,000 | 18.9% |
Maui | 94 | 84 | 11.9% | | $575,000 | $596,000 | -3.5% |
Oahu | 321 | 402 | -20.1% | | $335,000 | $320,000 | 4.7% |
Total Sales | 457 | 553 | -17.4% | | | | |
*These numbers were taken from area MLS systems and Title Guaranty Escrow. The information listed here is 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/
;)
;)
good report Randy. we like these. seems you're seeing about the same thing we are here. probably going to last for some time longer... but next year...
cheers