Hawaii Randy's Real Estate Opinions: Oahu (Honolulu County) Residential Real Estate Sales Activity - January 2011

Oahu (Honolulu County) Residential Real Estate Sales Activity - January 2011

Below are sales activity for the month of January 2011 compared to the same month the last year and the previous month. This covers resale homes for Honolulu County (Oahu).   Single Family sales volume is up from January of last year.   Condos and townhouses are seeing a similar pattern.  The median sales price is down compared to the same period last year, but showing signs of increasing in many areas.  Inventory levels are low in many areas of the island putting pressure on prices to increase.

Financing restrictions is still making it a bit more challenging for investors and some condo buyers. 

 

Single-Family Home Resales

  

  

Number of Sales

This Month Compared to:

Median Sales Price

This Month Compared to

January 2011

199

 

$570,000

 

December 2010

312

 

$585,000

 

January 2010

179

+11.2%

$595,000

- 4.2%

  

 

 

 

 

Condos/ Townhouse Resales

 

  

Number of Sales

This Month Compared to:

Median Sales Price

This Month Compared to

January 2011

265

 

$291,000

 

December 2010

352

 

$300,000

 

January 2010

242

+9.5%

$299,000

-2.7%

*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®

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

Comment balloon 2 commentsRandy Prothero • February 11 2011 01:07PM

Comments

Just what your local population wants to see, a great summary of the local real estate scene!

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) over 7 years ago

Barbara-Jo - I am always asked how's the market?  So I feel it important to post it.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) over 7 years ago

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