
June 2008 numbers are in.
Single Family Home Sales have continued to show decreased sales volume across all counties. June saw drops in Median Sales Prices in all counties except Kauai compared to the 2007 levels. During June I saw an increase of activity in my business and am hoping that pattern is repeating among other agents and areas. The July numbers will be important as to determine possible trends.
Condominium Median Sales Prices saw a big bump on Maui, a slight increase on Oahu and a leveling on Kauai. The Hawaii was the only county to see any significant dips from the 2007 levels. All counties continue to see decreases in sales volume.
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FOR THE MONTH OF June 2008
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SINGLE FAMILY HOMES
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Number of Sales
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Median Sales Price
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County
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2008
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2007
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% Change
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2008
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2007
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% Change
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Hawaii
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101
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161
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-37.3%
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$299,000
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$364,000
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-17.9%
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Kauai
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28
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46
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-39.1%
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$687,500
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$655,000
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+5.0%
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Maui
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74
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112
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-33.9%
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$616,000
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$667,000
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-7.6%
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Oahu
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232
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338
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-31.4%
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$625,000
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$685,000
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-8.8%
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Total Sales
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435
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657
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-33.8%
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CONDOMINIUMS
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Number of Sales
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Median Sales Price
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County
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2008
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2007
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% Change
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2008
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2007
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% Change
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Hawaii
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31
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46
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-32.6%
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$355,000
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$401,500
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-11.6%
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Kauai
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21
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24
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-12.5%
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$569,000
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$572,500
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-0.6%
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Maui
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53
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113
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-53.1%
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$580,000
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$475,000
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+22.1%
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Oahu
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355
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547
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-35.1%
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$327,500
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$334,000
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+1.9%
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Total Sales
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460
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730
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-37.0%
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*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: www.HawaiiRandy.com
Or at: www.localism.com
Randy:
Interesting how things varybut not surprising. We all know how local RE can beand this tells that story well. Hope things continue to improve for you. This is an informative summary.
Jeff