Hawaii Randy's Real Estate Opinions: Salt Lake, Hawaii 2007 Real Estate Sales Activity

Salt Lake, Hawaii 2007 Real Estate Sales Activity

Salt Lake Area (tax map key 111, includes Moanalua, Aliamanu, Mapunapuna and Airport Area)

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 continued to climb again.  Sales volume is down from last year.  Inventory levels are still hovering at about 6 months.

Condo and townhouse sales are another story.  Inventory is low with just a little more than 2 months worth.  Average sales prices have seen a nice jump over last year.  The Salt Lake area is still in a seller's market for condos.

Current Active for Sale (as of 11/29/07): 

  • 20 Single Family Homes
  • 49 Condos/ Townhouses

Currently in Escrow (as of 11/29/07):  

  •   6 Single Family Homes
  • 17 Condos/ Townhouses

For the Month of October 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Salt Lake Area

3

3

--

 

$772,333

$625,000

+23.57%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Salt Lake Area

23

18

+27.78%

 

$337,347

$293,022

+15.13%

 

 

 

 

 

 

 

 

Year to Date Through October 31, 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Salt Lake Area

32

38

-15.79%

 

$777,125

$690,868

+11.29%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Salt Lake Area

214

241

-11.20%

 

$313,002

$287,459

+8.89%

*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/

 

--------------------------------------------------------------------------------------------------------

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 0 commentsRandy Prothero • November 29 2007 06:31PM

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