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 | ||||
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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% |
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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®, 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
