Hawaii Randy's Real Estate Opinions: Salt Lake, Hawaii Area - December 2007 Real Estate Sales Activity – A Year End Report

Salt Lake, Hawaii Area - December 2007 Real Estate Sales Activity – A Year End Report

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, while sales volume is down from last year.  Inventory levels are fairly low, so prices may hold strong in Salt Lake for the near future at least.

Condo and townhouse sales are another story.  Inventory continues to remain low.  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 1/15/08): 

  • 18 Single Family Homes
  • 43 Condos/ Townhouses

Currently in Escrow (as of 1/15/08): 

  •   4 Single Family Homes
  • 17 Condos/ Townhouses

For the Month of December 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Salt Lake Area

4

3

+33.33%

 

$878,750

$796,666

+10.30%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Salt Lake Area

14

18

-12.12%

 

$300,713

$338,138

+11.07%

 

 

 

 

 

 

 

 

Year to Date Through December 31, 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Salt Lake Area

39

45

-13.33%

 

$784,794

$705,622

+11.22%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Salt Lake Area

246

287

-14.29%

 

$315,345

$292,346

+7.87%

*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 1 commentRandy Prothero • January 15 2008 02:16PM

Comments

Eloise - In this community both types went up in average sales price.  Volume went down in both categories.
Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) almost 11 years ago

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