Sales volume has seen slippage since the last two years, while median sales price has stayed stable and average sales prices showed an increase over the same period last year.
With interest rates remaining low and a good selection of inventory, buyers will continue to find the home of their dreams on Oahu.
Sellers will find their homes selling, with proper marketing and correct pricing. If they are over priced and are not properly prepared they may sit on the market for an extended period of time.
Year to Date Sales Figures for Resale Properties
| Number of Sales | Median Sales Price | Average Sales Price |
| | | Changes | | | | | | |
| 2008 | 2007 | Number | Percent | 2008 | 2007 | Percent Change | 2008 | 2007 | Percent Change |
|
SINGLE FAMILY HOMES |
Overall Oahu | 673 | 865 | -192 | -22.2% | $620,000 | $620,000 | 0.0% | $842,119 | $770,174 | 9.3% |
Metro Oahu | 74 | 93 | -19 | -20.4% | $755,000 | $689,500 | 9.5% | $801,958 | $756,342 | 6.0% |
East Oahu | 123 | 158 | -35 | -22.2% | $875,000 | $890,000 | -1.7% | $1,377,573 | $1,250,334 | 10.2% |
Windward Oahu | 100 | 137 | -37 | -27.0% | $737,500 | $750,900 | -1.8% | $1,215,514 | $873,458 | 39.2% |
North Shore | 14 | 23 | -9 | -39.1% | $897,500 | $800,000 | 12.2% | $1,316,680 | $1,009,304 | 30.6% |
Leeward Oahu | 362 | 454 | -92 | -20.3% | $526,500 | $548,100 | -3.9% | $546,891 | $562,672 | -2.8% |
| | | | | | | | | | |
CONDOMINIUMS |
Overall Oahu | 1037 | 1361 | -324 | -23.8% | $330,000 | $320,000 | 3.1% | $392,805 | $382,800 | 2.6% |
Metro Oahu | 587 | 721 | -134 | -18.6% | $325,000 | $325,000 | 0.0% | $400,153 | $404,730 | -1.1% |
East Oahu | 74 | 78 | -4 | -5.1% | $539,000 | $517,500 | 4.2% | $669,649 | $573,812 | 16.7% |
Windward Oahu | 55 | 79 | -24 | -30.4% | $380,000 | $390,000 | -2.6% | $402,185 | $405,166 | -0.7% |
North Shore | 9 | 12 | -3 | -25.0% | $420,000 | $360,000 | 16.7% | $518,000 | $700,871 | -26.1% |
Leeward Oahu | 312 | 471 | -159 | -33.8% | $290,000 | $293,000 | -1.0% | $308,053 | $305,742 | 0.8% |
*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.
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