Hawaii Homes Market | Home Sales for May 2010 in Honolulu County

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Real Estate Agent with Liberty Homes RS-#62825

Honolulu County Real Estate Market Report- May 2010

As the saying goes...the only thing constant in this world is CHANGE.  The same goes for our Honolulu County Housing Market Statistics and in May of 2010 our housing market showed an INCREASE in sales prices!

Single Family Resale Numbers:  Our sales numbers for single family homes in May of 2010 showed a stable number of sold single family homes of 284...only 2 down from the previous month. The Median Sales price went UP UP UP from $563,000 to $606,000!  These statistic do show an increase of 11.8% in sales prices from the year before and also shows an increase of 31.5% from May of  2009 to May of 2010 from in sales numbers!  A better year indeed!

Condo/Townhouse Resale Numbers:  Our Honolulu Real Estate Housing Market sales numbers for condos/townhouses decreased slightly from 390 solds in April 2010 to 355 in May of 2010. Honolulu County Median sales numbers increased 35.5% from May of 2009 to May of 2010 and increased in sales prices over the last year form $300,000 to #312,000.

With the FIRST TIME HOMEBUYER TAX CREDIT ended we expected a decrease in sales.....NOT THE CASE! And with interest rates still low and  inventory considerable down in all neighborhoods the shifting is evident with more homebuyers in the market fighting over homes. 

Hawaii Home Buyer | SOME Military Qualify for Extended Tax Credit. Yup, the Home Buyer Tax Credit ended on April 30, 2010 but there are some "Qualified service members" (which means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community) that may still qualify for the extension of this Home Buyer Tax Credit. Qualified service members who are ordered on a period of official extended duty are extended for one year. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.

READ THE DETAILS HERE: http://www.federalhousingtaxcredit.com/service_mem.php

These Honolulu County Market Statistics vary from neighborhood to neighborhood and I continue to experience multiple offers on homes and townhouses in all areas in Honolulu County including short sales. Stay tuned for more neighborhood market statistics or contact me at sally@hawaiihomesmarket.com for more information!

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Celeste "Sally" Cheeseman is a Realtor-Associate with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs  she serves all Hawaii Home Buyers and Sellers on the island of Oahu (Honolulu County) including all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents.

Website: www.hawaiihomesmarket.com

 

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Celeste "Sally" Cheeseman  is a Realtor-Associate® and Certified Residential Specialist (CRS) with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs  she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocations, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents, Home Buyers and Sellers.

 

 © 2007-2015 Celeste "Sally" Cheeseman's

Hawaii Real Estate and Relocation Blog.

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Topic:
Real Estate Market Trends
Location:
Hawaii Honolulu County
Groups:
City and State
Military
Military Relocations
Tags:
honolulu
honolulu county homes
hawaii homes market
hawaii market reports

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Ambassador
2,091,013
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Sally - glad to see that you have a busy market out there! summer is time to move, while the kids are out of school!

Jun 09, 2010 09:04 AM #1
Ambassador
727,841
Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

Nice nice !! Great activity up there for you Mrs Cheeseman !!! Hope it keeps up and that many of those sales are yours :o)

Cheers !

Sheldon

Jun 09, 2010 10:21 AM #2
Rainer
148,217
Coleen DeGroff
Coldwell Banker M.M. Parrish Realtors - Gainesville, FL
Haile Plantation Real Estate - Gainesville FL

Wow, Sally!  Sellers in your neck of the woods must be doing the happy dance....what awesome numbers!

 

Tell me, though....how did you get your charts looking so pretty? How did you insert pics as background, and what program did you use to generate such gorgeous charts?  Inquiring minds want to know!

 

All the best to you!! :)

Jun 09, 2010 10:47 AM #3
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1,092,075
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Coleen: Excel....no fancy stuff...just excel and inserting the picture into the graph/pie chart

Sheldon/Barb.... we had an influx of activity.....this last month...go figure!

Jun 09, 2010 02:30 PM #4
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Sally - great report. Looks like thngs are pretty active - hope it stays that way for you. And thanks for the ti on your charts. They add so much but I haven't played around with Excel but may have to try.

Jeff

Jun 09, 2010 04:14 PM #5
Rainmaker
289,221
Pippa Mac
Chevaux Group Realtor, The Woodlands and Spring - The Woodlands, TX
The Woodlands TX Real Estate

Fabulous charts!!!!!!!!!  Can you do a blog and teach us how to do this?  :)

Jun 10, 2010 06:11 AM #6
Rainmaker
358,579
Mickey Hayward
Sunset Properties, Hayward Realty - Onley, VA
Farm - Land - Home Sales & Commercial Real Estate

Nice charts for a great place to live. Keep up the great work.

Jul 06, 2010 08:36 AM #7
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Celeste "SALLY" Cheeseman

(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
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