honolulu market report: Oahu Real Estate Market Activity for February and Year-to-Date - 03/08/11 10:32 AM
The real estate market on Oahu posted very positive numbers for the month of February.Closed Sales, all properties, increased 13.1%Closed Sales, single family homes, increased 2.3%Closed Sales, condos, increased 20.9%Single Family Market Overview, February 2010 to February, 2011Closed Sales rose 2.3%, from 177 to 181Days on Market increased 52.6%, from 38 to 58Median Sales Price decreased 1%, from $575,500 to $570,000Average Sales Price increased 2%, from $685,249 to $699,034Housing Affordability Index rose 4.6%, from 65 to 67Inventory of Homes decreased 9.7%, from 1545 to 1,395Months Supply of Homes for Sale decreased 16.9%, from 6.5 months to 5.4
Single Family Market Overview, Year-to-Date 2010 … (0 comments)

honolulu market report: Oahu Real Estate Statistics for January, 2011 - 02/09/11 12:47 PM
The numbers were very positive in January for Oahu real estate sales, compared to January, 2010:  +10.2% change in closed sales all properties; +11.2% change in closed sales single family; +9.5% change in closed sales condos.Single Family (as compared with January, 2010)Pending sales increased 21.2%Closed sales increased 11.2% (179 ro 199)Days on Marked decreased 11.6% (43 to 38)Average Sales Price increased 2.8% to $700,055Median Sales Price decreased 4.2% to $570,000Housing Affordability Index increased 11.2%Inventory of Homes decreased 3.5%Months Supply of Homes for Sale decreased 11.9%While this means buyers had better start looking and get pre-approved now, the statistics are good for … (0 comments)

honolulu market report: Honolulu Forecast to be One of 10 Best US Housing Markets in 2011 - 01/16/11 01:45 PM
According to Clear capital's U.S. Home Values report released Jan 7, US home prices are forecast to decline 3.7% this year.  However, Honolulu is one of the 10 markets scheduled to rise, in fact #3!10 Markets on The Rise In 2011:1. Washington, DC: 6.5% price increase 2. Houston, TX: 3.6% price increase 3. Honolulu, HI: 3.4% price increase 4. Memphis, TN: 3.2% price increase 5. Columbus, OH: 2.1% price increase 6. Dallas, TX: 1.4% price increase 7. New York, NY: 1.3% price increase 8. Birmingham, AL: 0.9% price increase 9. Pittsburgh, PA: 0.8% price increase 10. New Orleans, LA: 0.5% price … (1 comments)

honolulu market report: Honolulu, HI - Real Estate Sales Statistics, 2010 & December - 01/11/11 10:28 AM
The real estate sales trend on Oahu is definitely back into positive territory.During December, 306 single-family homes and 341 condos sold island-wide on Oahu, an increase of 12.9% for single-family and decrease of 2.6% for condos, compared to December, 2009.The median prices paid for island properties in December were $587,000 for single-family homes, and $303,000 for condos.  These represented an increase of 0.2% for single-family and an increase of 5.8% for condos, over December, 2009.November 2010 numbers were 248 single-family sales and 309 condo sales.Looking at the year, 2010 saw a 3.1% rise in the median sale price of single-family homes … (0 comments)

honolulu market report: Oahu Real Estate Market Report for November and Year-to-Date - 12/08/10 01:20 PM
Single Family Sales
In November, 245 homes sold on Oahu.  This compares to 163 in 2008, and 258 in 2009. Year-to-date, 2,742 homes have closed island-wide.  This compares to 2,540 in 2008 and 2,418 in 2009. Median Sales Price In November, median price sold was $585,000.  This compares to $600,000 in 2008, and $590,000 in 2009. Year-to-date, median price for sales has been $595,000.  This compares to $621,000 in 2008 and $580,000 in 2009. Days on Market (a good indicator of demand) In November, average Days on Market was 42.  This compares to 57 in 2008 and 44 in 2009. Year-to-date, … (0 comments)

honolulu market report: Oahu Sales Statistics for October, 2010 - 11/09/10 04:37 AM
My last blog was on the positive real estate trends in Hawaii Kai, and I'm pleased to post equally good signs for Oahu.
Single Family - October2010 - 241 sales; median sales price $595,750; median days on market 35; inventory at month end 1,4722009 - 290 sales; median sales price $604,500; median days on market 52; inventory at month end 1,660
Single Family - Year to Date2010 - 2,496 sales; median sales price $598,000; median days on market 332009 - 2,160 sales; median sales price $580,000; median days on market 52
Condos - October2010 - 310 sales; median sales price … (1 comments)

honolulu market report: Hawaii Kai and Oahu September 2010 Real Estate Market News - 10/08/10 08:17 AM
Oahu Single Family Real Estate Sales, September, 2010
According to data released by the Honolulu Board of Realtors, September marked five straight months of median price gains for single-family homes on Oahu when compared with prices in the same months last year. The number of sales also continued an upward trend.  The median price for previously owned single-family homes sold in September was $622,450, up 2.9% from $605,000 in September 2009.  For the first nine months of the year, the median price was $599,000, a 4.2% increase from 2009.
Island-wide, there were 274 single-family homes purchased in September, up 8.3% from 253 a year earlier.  For the … (0 comments)

honolulu market report: Honolulu, HI - Real Estate Market in June, 2010 for Oahu and Hawaii Kai - 07/08/10 02:20 PM
The sales figures for June show steady growth year-to-year since 2008, which is very encouraging. 
Single Family sales have increased from 231 in June, 2008, to 263 in June, 2009, to 285 in June, 2010.  The number of condo sales, while taking a dip in 2009, rose substantially this year.  There were 357 condo sales in June, 2008, 287 in 2009, and 396 in June, 2010.
Year-to-date, both single family and condo sales dipped last year, but showed healthy gains over 2009.  Single family sales through the 1st six months of 2009 were 1,110, and 1,471 in 2010 - an … (1 comments)

honolulu market report: April 2010 Real Estate Statistics for Hawaii Kai and Honolulu - 05/07/10 11:10 AM
A new company is doing our Oahu real estate statistics, and they have easy-to-read graphs which were not part of our old format.  If you would like a copy of Monthly Indicators, or Housing Supply Outlook, or Local Market Updates, just let me know and I will send you the links.  Unfortunately, I'm unable to reproduce the graphs here.
Highlights from the Monthly Indicators Report for Oahu:Closed Sales for April Single Family2010 - 2862009 - 1872008 - 260Year-to-date numbers are up 42.1%Condos2010 - 3902009 - 2632008 - 407Year-to-date numbers are up 49.6%
Median Sales Price for AprilSingle Family2010 - $563,0002009 - $600,0002008 - … (0 comments)

honolulu market report: Honolulu , HI and Oahu Real Estate Market Update for January 2010 - 02/03/10 05:43 AM
The real estate numbers are positive for January on Oahu and most communities, including Hawaii Kai.  For the island, the median price of single family homes rose 10.8% to $597,500 from $539,500 in January, 2009.  While this doesn't mean prices will rise from now on, the market since mid-2009 has been more active.  January was the 5th consecutive month to see an increase in single family home sales, up 32.8% to 162 from 122 a year earlier.  Obviously, a large part of the activity can be attributed to the 1st time buyer tax credit, which definitely has stimulated sales.
The median … (0 comments)