February 2008 numbers are in.
Single Family Home Sales have continued to show decreased sales volume. In February we saw a dip in the Median Sales Prices. It will be interesting to see how the March numbers look. I am seeing increased activity in my area for the last few weeks, but it hard to tell if that is just my business or if it is a trend that is happening in a wider area.
Condominium Sales have also seen declines in sales volume in all counties except Maui which had a strong month. Median Sales Prices saw a bump in all counties except Maui which had the volume increase.
FOR THE MONTH OF February 2008 | |||||||
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SINGLE FAMILY HOMES | |||||||
| Number of Sales |
| Median Sales Price | ||||
County | 2008 | 2007 | % Change |
| 2008 | 2007 | % Change |
Hawaii | 99 | 128 | -22.7% |
| $395,000 | $425,000 | -7.1% |
Kauai | 24 | 32 | -25.0% |
| $760,000 | $601,500 | 26.4% |
Maui | 76 | 104 | -26.9% |
| $624,391 | $625,000 | -1.7% |
Oahu | 163 | 272 | -40.1% |
| $599,000 | $614,500 | -2.5% |
Total Sales | 362 | 536 | -32.5% |
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CONDOMINIUMS | |||||||
| Number of Sales |
| Median Sales Price | ||||
County | 2008 | 2007 | % Change |
| 2008 | 2007 | % Change |
Hawaii | 26 | 34 | -23.5% |
| $453,500 | $400,000 | 13.4% |
Kauai | 16 | 33 | -51.5% |
| $565,000 | $475,000 | 18.9% |
Maui | 94 | 84 | 11.9% |
| $575,000 | $596,000 | -3.5% |
Oahu | 321 | 402 | -20.1% |
| $335,000 | $320,000 | 4.7% |
Total Sales | 457 | 553 | -17.4% |
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*These numbers were taken from area MLS systems and Title Guaranty Escrow. The information listed here is 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
good report Randy. we like these. seems you're seeing about the same thing we are here. probably going to last for some time longer... but next year...
cheers
Randy
Hawaii just seems like to be the place place to live and move to.
Sincerely
Tom braatz
Gary - I was a little surprised to see the sales volume down as much. I am seeing increased activity some of the communities I am servicing. Hopefully it will reflect in the March and April numbers.
Tom - I know a great real estate agent that can help you out. :)
Jennifer - I hope so too.
your sales are down but prices are steady. Very interesting...
Your Friend in Charlottesville!