Members: 113,050 - 2,222 Online Now
 

                                                                 Hawaii

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.

FOR THE MONTH OF June 2008

 

 

 

 

 

 

 

 

SINGLE FAMILY HOMES

 

Number of Sales

 

Median Sales Price

County

2008

2007

% Change

 

2008

2007

% Change

Hawaii

101

161

-37.3%

 

$299,000

$364,000

-17.9%

Kauai

28

46

-39.1%

 

$687,500

$655,000

+5.0%

Maui

74

112

-33.9%

 

$616,000

$667,000

-7.6%

Oahu

232

338

-31.4%

 

$625,000

$685,000

-8.8%

Total Sales

435

657

-33.8%

 

 

 

 

 

 

 

 

 

 

 

 

CONDOMINIUMS

 

Number of Sales

 

Median Sales Price

County

2008

2007

% Change

 

2008

2007

% Change

Hawaii

31

46

-32.6%

 

$355,000

$401,500

-11.6%

Kauai

21

24

-12.5%

 

$569,000

$572,500

-0.6%

Maui

53

113

-53.1%

 

$580,000

$475,000

+22.1%

Oahu

355

547

-35.1%

 

$327,500

$334,000

+1.9%

Total Sales

460

730

-37.0%

 

 

 

 

*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

 
This post has been included in Hawaii Information
Post is included in group: Market Updates

7 Comments on Hawaii – State Wide Resale Home Sales for June 2008

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

07/05/2008 04:56 PM by Jeff Dowler ~ Carlsbad Real Estate (RE/MAX Associates)


Seems the sales aren't to bad.  Looks like condos have held up better than houses.

07/05/2008 05:14 PM by John Walters (Specialized Real Estate)


Jeff - I just posted for Mililani, where my home and office is.  They look pretty good.

John - I think many buyers have been priced out of single family homes.

07/05/2008 06:55 PM by Randy L. Prothero - Hawaii REALTOR® (Century 21 Liberty Homes)


Aloha Randy, Thanks for the stats. SFRs in Hawaii require a lot of maintainance. As the population continues to age and taxes increase, I think many will prefer the simplicity and cost effectiveness of condo living. Peace,

07/06/2008 03:18 PM by Kimo Stowell (Home Staging & Interiors JDS Consulting)


Kimo - I see that pattern on the older segments of our population.  I also see if even more on first time buyers.  Condos are a great way to get in the market.

07/06/2008 03:26 PM by Randy L. Prothero - Hawaii REALTOR® (Century 21 Liberty Homes)


On Kauai the market is so small, that any given condo complex can greatly influence island-wide numbers. And when you review the stats, you don't know on the surface if the unit that sold was put into escrow last month, last year, or even two years ago in the case of a new development. To me, that's why you need to get the info from a local realtor, who has the experience and wisdom to tell the story behind the story of the numbers. The numbers by themselves may be misleading.

 

Aloha on Oahu to you Randy.

07/19/2008 02:01 AM by Ronnie Margolis, Kauai Realtor®, ABR, RA - On Top of the Aloha Beat (Century 21 All Islands)


Ronnie - Extremely good points.  On Kauai they should look you up.  Congrats again on winning the Masters Centurion Award.

07/19/2008 03:32 AM by Randy L. Prothero - Hawaii REALTOR® (Century 21 Liberty Homes)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Randy L. Prothero  - Hawaii REALTOR® (Century 21 Liberty Homes)
Randy L. Prothero - Hawaii REALTOR®
Mililani, HI
More about me…
Century 21 Liberty Homes

Cell Phone: (808) 384-5645
Email Me


Links

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find HI real estate agents and Mililani real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved