Oahu Honolulu County 2009 Update on Activities

By
Real Estate Broker/Owner with Best Homes Hawaii RB-13537

YEAR TO DATE FIGURES: (from news sources and Honolulu Board of Realtors, as of April 30, 2009)

Average OAHU single family home price - $575,000 down 8% from $625k last year.

Average condominium price - $305,000 down 7.3% from $329,000 same time last year.

For all properties, months of remaining inventory is about 10 months, up from 7 last year.

Across the board, the number of buyers or number of sales are down about 45% from the same time last year.

 

This makes it a WONDERFUL buyer's market.

Those in for the long haul stand to gain big in the ensuing years.

Posted by

Serving all OAHU for over 30 years

Best Homes Hawaii Bruce Hicks

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