market: Oahu Market Slumps, November 2008
- 11/18/08 09:06 AM
We are in a vastly different real estate market this fall. The financial shakedown has hit Hawaii. Oahu home prices are in a cyclical downturn in all areas, yet the facts are not as drastic as elsewhere. Sale Prices: Year-to-date sale prices as of October 1, 2008 have decreased 3.5% for single family homes (to $624,000) and show 0% change for condos ($325,000), compared to one year ago. A closer look at the details shows that September prices- when examined alone- were significantly lower than a year ago for houses (down 9%) and condos (down 11.6%). Number of Sales: Total house … (0 comments)
We are in a vastly different real estate market this fall. The financial shakedown has hit Hawaii. Oahu home prices are in a cyclical downturn in all areas, yet the facts are not as drastic as elsewhere.
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