Below are sales activity for the month of August 2010 compared to the previous month and the same month last year. This covers resale home for Honolulu County (Oahu). Single Family home median prices are up while sales volume is slightly down from the same time last year. Condos and townhouses are seeing a similar pattern, with a smaller median price increase.
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Single-Family Home Resales
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# of Sales |
This Month Compared to: |
Median Sales Price |
This Month Compared to: |
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August 2010 |
224 |
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$645,239 |
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July 2010 |
269 |
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$604,500 |
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August 2009 |
239 |
-6.3% |
$560,000 |
+15.2% |
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Condos/ Townhouse Resales
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# of Sales |
This Month Compared to: |
Median Sales Price |
This Month Compared to: |
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August 2010 |
289 |
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$307,500 |
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July 2010 |
327 |
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$300,000 |
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August 2009 |
348 |
-17.0% |
$290,000 |
+6.0% |
*Median price means half the prices were above and half below the given price.
Data was taken from the Honolulu Board of REALTORS®. It is deemed to be accurate, but not guaranteed.
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Randy L. Prothero, REALTOR®, ABR, AHWD, CRS, e-PRO, GRI, SFR
Century 21 Liberty Homes
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.
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.com * Oahu (Honolulu County) Property Search * Hawaii Military Relocations
Hi Randy, just noticed you have been teaching too. You are amazing! If I was living in Hawaii nei again, I'd love to take your class(es)!
We also post sales activities for our Long Island NY Communities and find that they give buyers a really good grounding in what's going on in the market!
Good information for buyers and sellers, Randy. A similar trend has been reported by others, with sales % down but prices up. Hope your classes as going well.
Jeff
Yup.....it's a good thing
So what do you attribute the price jump to, particularly with SFRs? Are foreclsoures clearing through?
Susie - I just started teaching CE classes this year. I really enjoy it.
Larry & Sheila - It is very helpful for buyers and sellers to see what the market is doing.
Jeff D. - I hope that market continues to show stable prices.
Sally - Hopefully it stays that way.
Jeff G. - The inventory dropped considerably during the tax credit period.