oahu market report: Oahu Real Estate Statistics through April 2009
- 05/03/09 08:36 AM
In almost any conversation I have with people who are interested in Real Estate, the question always comes up as to whether we are at the bottom of, nearing the end or expecting to continue the current declining market. It is a question that I don't know the answer to. The data that I read seems to indicate that in our local market, that we are closer to the end of the downturn than the beginning, but I think it would be premature to say that we are in the rebound stage. Hawaii in general and Oahu in particular seems to have been uniquely … (0 comments)
oahu market report: Oahu Real Estate Statistics for 2008
- 01/04/09 12:00 PM
2008 has now come to a close and the numbers are in. The big picture on Oahu shows declines in nearly every category, but they vary in degree by area and by classification, ie, single family versus condominium. To truly understand the current market and how it effects your individual property or an area you are considering, individual research is required. For the broad overview, sales single family units for the year declined by -24.4% from 3,627 units in 2007 to 2,741 units in 2008 for a decline of 886 units island wide on Oahu. Median sale price declined from $643,500 to $624,000 for … (0 comments)
oahu market report: November 2008 Oahu Real Estate Statistics
- 12/04/08 01:34 PM
November 2008 Oahu Real Estate Statistics As we come to the close of another month, we find the news continues to be half empty or half full, depending on your perspective. While demand for housing was the lowest in ten years, the inventory of both single family homes and condominiums also went down. This resulted in a drop of the "monthly inventory remaining" from 9.8 months to 8.6 months in single family homes and from 8.7 months to 8.4 months in condominiums. From a "trend" point of view, this is a trend in the right direction. The number of units sold … (0 comments)
oahu market report: Oahu's July 2008's Monthly Statistics Report
- 08/04/08 06:28 AM
Welcome if this is your first visit here and for those of you who have been following these over the past months, we continue to see our monthly inventory rising. For Single family, it is a monthly increase from 8.3 months to 9.0 months and for Condominiums a similar increase from 7 months to 7.8 (page 16). When you look at the graph, you'll see a "V" shaped trough and we have now reached the 2000 levels of monthly inventory. As to prices, they remain flat to slightly down, but when considering the inventory increase and the slowdown of sales, in my opinion, that … (0 comments)
oahu market report: Market Stats through first 6 months of 2008 in Oahu, Hawaii
- 07/04/08 01:45 PM
Market Stats through first 6 months of 2008 The first 6 months of statistics for Oahu, HI are now available through the link below. There is truly a wealth of information in them and probably something for everybody whether you are a buyer, investor, seller or homeowner wondering about a move. The most significant stats in my opinion is the reduction of units sold which is compounded by the increasing numbers of units available for sale. We will normally refer to this as the "Monthly Inventory" and as the numbers of months required to sell the existing inventory increases, it becomes … (0 comments)
oahu market report: May 2008 Oahu real estate statistics
- 06/07/08 08:42 AM
As numbers for another month become available, there is good information for Buyers and Sellers to take note of. The numbers of unit sales is down considerably but prices are remaining fairly stable. For sellers, this means that homes are selling and for those that are priced well, days on market and list price to sale price ratios are favorable. Pricing and market exposure are more important than ever and the best of the best listings are selling but coming in 2nd or 3rd on a buyers choice is not good enough. The good news is that if you have a home … (2 comments)
oahu market report: YTD Real Estate Market Report Oahu-Hawaii
- 01/10/08 08:07 AM
The end of the year numbers are in and I give my thanks to Board of REALTORS for the outstanding job they do of compiling the data and giving us members such a great tool to view the market and the trends.Here is a portion of the report that highlights three key components of the Market. Median sale price, Unit sales based on a rolling 12 month average and Months of inventory based on current sales, DOM and current listing inventory. To be honest, the broad market is comparatively good analytically compared to how it seems to "feel" sometimes. The most dramatic change … (1 comments)
In almost any conversation I have with people who are interested in Real Estate, the question always comes up as to whether we are at the bottom of, nearing the end or expecting to continue the current declining market. It is a question that I don't know the answer to. The data that I read seems to indicate that in our local market, that we are closer to the end of the downturn than the beginning, but I think it would be premature to say that we are in the rebound stage. Hawaii in general and Oahu in particular seems to have been uniquely … (0 comments)
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