The Pearl City region has had steady growth in sales prices for that last few years and steady sales. This report covers areas including: Halawa, Foster Gardens, Aiea, Aiea Heights, Waimalu, New Town, Royal Summit, Pearl City, and Pacific Palisades.
The below figures include both fee simple and leasehold properties. These are only the totals and average sale prices.
Single Family homes sales have softened. Average sales price of single family homes have remained flat from last year. Sales volume is down from last year. Inventory levels are reasonably low.
Condo and townhouse sales are another story. The trend is similar to the single family homes in the area. Prices remain flat, volume down and inventory low.
Current Active for Sale (as of 11/30/07):
- 61 Single Family Homes
- 99 Condos/ Townhouses
Currently in Escrow (as of 11/30/07):
- 27 Single Family Homes
- 44 Condos/ Townhouses
For the Month of October 2007 | ||||||||
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Single Family Homes | ||||||||
| Number of Sales |
| Average Sales Price | |||||
Area | 2007 | 2006 | % Change |
| 2007 | 2006 | % Change | |
Pearl City Area | 20 | 14 | +52.86% |
| $695,070 | $718,714 | -3.29% | |
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Condominiums | ||||||||
| Number of Sales |
| Average Sales Price | |||||
Area | 2007 | 2006 | % Change |
| 2007 | 2006 | % Change | |
Pearl City Area | 32 | 39 | -17.95% |
| $306,943 | $305,371 | +0.51% | |
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Year to Date Through October 31, 2007 | ||||||||
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Single Family Homes | ||||||||
| Number of Sales |
| Average Sales Price | |||||
Area | 2007 | 2006 | % Change |
| 2007 | 2006 | % Change | |
Pearl City Area | 176 | 207 | -14.98% |
| $655,244 | $639,107 | +2.52% | |
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Condominiums | ||||||||
| Number of Sales |
| Average Sales Price | |||||
Area | 2007 | 2006 | % Change |
| 2007 | 2006 | % Change | |
Pearl City Area | 363 | 494 | -16.52% |
| $307,135 | $304,676 | +0.81% | |
*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.
You can find out more about real estate in Hawaii at: http://www.hawaiirandy.com/
Or at: http://www.localism.com/
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