Hawaii Randy's Real Estate Opinions: Pearl City Region Real Estate Sales Activity for November 2007

Pearl City Region Real Estate Sales Activity for November 2007

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 have seen slight increase year to date while sales volume is down from last year.  Inventory levels are reasonably low.

Condo and townhouse sales are another story.  The trend is similar to the single family homes in the area.  Prices are seeing growth while sales volume is down and inventory low.

Current Active for Sale (as of 12/22/07): 

  • 55 Single Family Homes
  • 65 Condos/ Townhouses

Currently in Escrow (as of 12/22/07): 

  •  27 Single Family Homes
  •  21 Condos/ Townhouses

For the Month of November 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Pearl City Area

14

30

-53.33%

 

$664,214

$611,665

+8.59%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Pearl City Area

37

41

-9.26%

 

$301,454

$277,998

+32.22%

 

 

 

 

 

 

 

 

Year to Date Through November 30, 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Pearl City Area

190

237

-19.83%

 

$655,905

$635,633

+3.03%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Pearl City Area

400

535

-25.23%

 

$306,609

$259,590

+18.11%

*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®

Principal Broker, ABR, AHWD, CRS, e-PRO, GRI, MRP, SFR

Island Style Realty Inc.

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.

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 • December 22 2007 05:23PM

Comments

It make sense that the single family homes is slowing down a little due to the general mortgage crisis. the same thing is happening in the Myrtle Beach SC area. With interest going down, we should see a rebound, so the time to buy is now.

Jay Skinner

Posted by Joseph Skinner, Myrtle Beach Real Estate (Skinner & Associates Realty) almost 10 years ago
Jay - I am planning to buy a new home this year.
Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) almost 10 years ago

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