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 | ||||||||
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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% | |
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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% | |
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Year to Date Through November 30, 2007 | ||||||||
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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% | |
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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/
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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) and the Leeward Regional Chairman of the Honolulu 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
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