Pearl City Region Real Estate Sales Activity for July 2008

By
Managing Real Estate Broker with eXp Realty RB-19250

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 has leveled off year to date while sales volume continues to be down from last year.  With more than 6 months worth of inventory and low interest rates buyers will find the Pearl City region a good place to find the home of their dreams.

Condo and townhouse sales are another story.  Prices have stabilized while sales volume is down.  In July the volume saw an upturn.  It is too soon to tell if a pattern is forming.

Current Active for Sale (as of 8/2/08): 

  •   83 Single Family Homes
  • 123 Condos/ Townhouses

Currently in Escrow (as of 8/2/08): 

  •   35 Single Family Homes
  •   44 Condos/ Townhouses

For the Month of  July - Sold Resale Homes

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Pearl City Area

12

26

-53.85%

 

$603,583

$674,692

-10.54%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Pearl City Area

36

33

+9.09%

 

$293,413

$311,689

-5.86%

 

 

 

 

 

 

 

 

Year to Date Ending July 31st -  Sold Resale Homes

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Pearl City Area

102

126

-19.05%

 

$685,665

$642,860

+6.66%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2008

2007

% Change

 

2008

2007

% Change

Pearl City Area

199

268

-25.75%

 

$304,950

$307,085

-0.70%

                 

*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: www.HawaiiRandy.com

Or at: www.localism.com

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Randy L. Prothero, REALTOR®

Broker-in-Charge, ABR, AHWD, CRB, CRS, e-PRO, GRI, MRP, SFR

eXp Realty

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.  His luxury home listings sell faster and for more money.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

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