2007 Second Quarter Residential Resales Statistics for Oahu
Single Family Home Resales | Number of
Sales | This Quarter
Compared To | Median*
Sales Price | This Quarter
Compared To | | 2nd Quarter, 2007 | 1,037 | $665,000 | | 1st Quarter, 2007 | $620,000 | up 7.3% | | 2nd Quarter, 2006 | 1,074 | dn 3.4% | $640,000 | up 3.9% |
Condominium Resales | Number of
Sales | This Quarter
Compared To | Median*
Sales Price | This Quarter
Compared To | | 2nd Quarter, 2007 | 1,617 | $328,000 | | 1st Quarter, 2007 | $320,000 | up 2.5% | | 2nd Quarter, 2006 | 1,830 | dn 11.6% | $305,000 | up 7.5% |
*Median price means half the prices were above and half below the given price. |
During the second quarter, the number of sales declined from last year, but the median prices increased. The total dollar volume of sales was $1.455 billion in the second quarter, a decrease of just $14 million, or 0.9%, from the $1.469 billion in sales achieved in the same quarter last year. The Median Prices shown in the chart below are the prices paid for existing residential properties reported sold through our Multiple Listing Service (MLS) system during the stated time period. The columns labeled Change indicate the direction of price change from the prior time period (NC is no change). The following table provides the quarterly median prices for the Oahu neighborhood groups.
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| GEOGRAPHIC AREA | SINGLE FAMILY HOMES | Change | CONDOMINIUMS | Change | | Entire Island | $ 665,000 |  | $ 328,000 | | | | | Metro Oahu (Town) | $ 736,500 | | $ 320,000 |  | | Diamond Head | $ 1,025,000 | | $ 504,500 | | | Hawaii Kai | $ 910,000 | | $ 546,500 | | | Kailua | $ 850,000 | | $ 491,000 | | | Kaneohe | $ 735,000 | | $ 394,000 | | | North Shore | $ 902,500 | | $ 407,500 | | | Central Oahu | $ 595,000 | | $ 305,000 | | | Leeward Coast | $ 375,000 | NC | $ 191,000 | | | Ewa Plain | $ 510,000 | | $ 294,900 | | | Makakilo | $ 612,000 | | $ 305,000 | | | Waipahu | $ 575,000 | | $ 300,500 | | | Pearl City | $ 634,000 | | $ 299,000 | |
Median Sales Price means the midpoint of sales prices, where half of the sales were at prices above the given amount and half were below.
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