#'S DON'T LIE!!!! Kailua's February Market Action Report

Each month, I generate a Market Action Report for Windward Oahu by zip code through Coldwell Banker's system for my clients to review. Here is a condensed version of February's Market Action Report for Kailua:

MARKET PROFILE & TRENDS OVERVIEW:                          MONTH           LM

MEDIAN LIST PRICE OF ALL CURRENT LISTINGS:            $1095,000       +5%                                             AVERAGE LIST PRICE OF ALL CURRENT LISTINGS:          $2637,507       +8%                                                          FEBRUARY MEDIAN SALES PRICE                                  $709,507       -17%                                                          FEBRUARY AVERAGE SALES PRICE                               $1087,579      +12%                                                       TOTAL PROPERTIES CURRENTLY FOR SALE (INVENTORY)            89         -8%                                                          FEBRUARY AVERAGE DAYS ON MARKET (SOLD)                        61       -33%                                                       FEBRUARY MONTH'S SUPPLY OF INVENTORY                           4.9        -18%                                                         FEBRUARY SALE PRICE VS LIST PRICE RATIO                        99.5%    +1.3% 

PROPERTY SALES

February property sales were 18, up 12.5% from 16 in 2/11 and 12.5% higher that the 16 last month. February 2012 sales were at their highest level compared to 2/11 & 2/10. February YTD sales of 34 are running 13.3% ahead of last years YTD sales of 30.

PRICES

The median sales price in February was $709,507, down -15.3% from $838,000 in 2/11. The average sales price in February was $1087,579, up 28.6% from $845,788 in 2/11. February average sales price was at the highest level compared to 2/11 & 2/10.

INVENTORY & MONTHS SUPPLY OF INVENTORY

The total inventory of properties available for sale as of February was 89, down -8.2% from last month, and down 20.5% from 2/11. Inventory was at its lowest level compared with Februaray of 2011 & 2010.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2012 MSI of 4.9 months was at its lowest level compared with February of 2011 & 2010.

MARKET TIME

The average DOM shows how many days the avg property is on the market before it sells. An upward trent in DOM tents to indicate a move towards more of a buyers market, and downward trent a move towards for of a sellers market. The February 2012 DOM was at its lowest level compared with February of 2011 & 2010.

AS YOU CAN SEE KAILUA'S MARKET IS A PRETTY HEALTHY ONE. INTEREST RATES HAVE A PROFOUND EFFECT ON BUYING POWER IN THE REAL ESTATE MARKET AND ARE AT HISTORIC LOWS, WHILE OUR HOUSING PRICES ARE AFFORDABLE. OUR INVENTORY IS QUITE LOW AND THERE ARE LOTS OF INVESTORS OUT THERE JUST WAITING FOR THE RIGHT PROPERTY TO COME ALONG! NOW IS A GREAT TIME TO LIST YOUR PROPERTY AND ALSO PURCHASE/INVEST TOO!! AS I SAID, #'S DON'T LIE!!!!!

I WELCOME YOUR COMMENTS AND PLEASE FEEL FREE TO VISIT MY WEBSITE TO PREVIEW. WWW.KAILUAREALESTATEOAHU.COM  MAHALO!!! LILA