Hawaii Randy's Real Estate Opinions: Oahu (Honolulu County) - Sales of Existing Homes & Condominiums for February 2008

Oahu (Honolulu County) - Sales of Existing Homes & Condominiums for February 2008

                                                                                 Waikiki Beach - Honolulu 

The February 2008 numbers are in.

Single Family Home sales began to slow the end of the year and continued on January and February.  Even though sales volume is considerably off, median sales prices have stayed fairly stable.

Condominium sales had a drop in volume while the median price has shown increase. 

With interest rates lowering, buyers should see it a good time to take advantage of the market conditions in most areas.

For the Month of February 2008

 

OAHU SINGLE FAMILY HOME RESALES

 

Number of Sales

This Month Compared to

Median Sales Price

This Month Compared to

February 2008

163

 

$599,000

 

January 2008

228

 

$600,000

-0.2%

Febrauary 2007

272

-40.1%

$614,500

-2.5%

 

OAHU CONDOMINUM RESALES

 

Number of Sales

This Month Compared to

Median Sales Price

This Month Compared to

February 2008

321

 

$335,000

 

January 2008

324

 

$324,000

+3.4%

Febrauary 2007

402

-20.1%

$320,000

+4.7%

*These numbers were taken from the Honolulu Board of Realtors MLS system and Old Republic Title.  They are deemed to be accurate, but not guaranteed.

You can find out more about real estate in Hawaii at: http://www.hawaiirandy.com/

 

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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 • March 13 2008 09:47PM

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