The Pearl City/ Aiea areas have had steady growth in sales prices for that last few years and steady sales. January started the year a little bit slow. Lower priced single family homes seemed to be the norm, while condos maintained their average price in January 2007.
The below figures include both fee simple and leasehold properties. These are only the totals and averages.
Here are number of single family homes sold in the Pearl City/ Aiea areas:
2007: Average Sales Price:
- Today 57 homes active for sale
- Today 17 homes in escrow
- January 2007 12 homes sold $516,291
- 7/1/06 through 12/31/06: 133 homes sold $647,014
Previous periods: Average Sales Price:
- 1/1/06 through 6/30/06 135 homes sold $624,675
- 7/1/05 through 12/31/05 146 homes sold $595,834
- 1/1/05 through 6/30/05 128 homes sold $542,780
- 7/1/04 through 12/31/04 149 homes sold $491,485
Here are the number of condos and townhouses sold in the Pearl City/ Aiea areas:
2007: Average Sales Price:
- Today 133 homes active for sale
- Today 53 homes in escrow
- January 2007 36 homes sold $297,786
- 7/1/06 through 12/31/06: 263 homes sold $297,443
Previous periods:
- 1/1/06 through 6/30/06 313 homes sold $295,338
- 7/1/05 through 12/31/05 333 homes sold $259,142
- 1/1/05 through 6/30/05 346 homes sold $212,208
- 7/1/04 through 12/31/04 395 homes sold $220,711
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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For those not from Hawaii:
Fee Simple: Is the tradidtional way you buy property, you buy the land and the improvements.
Leasehold: You buy the improvements and lease the land. Usually leases are set up for many years.