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

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

                                    Honolulu

The May 2008 numbers are in.

Single Family Home Sales volume is down from the period last year, but median prices are making a rebound.  Prices at the 2007 levels.

Condominium Sales had a similar drop in volume while the median price has shown a modest increase. 

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

 

For the Month of May 2008

 

OAHU SINGLE FAMILY HOME RESALES

 

Number of Sales

This Month Compared to

Median Sales Price

This Month Compared to

May 2008

252

 

$649,500

 

April 2008

256

 

$639,000

+1.6%

May 2007

357

-29.4%

$650,000

-0.1%

 

OAHU CONDOMINUM RESALES

 

Number of Sales

This Month Compared to

Median Sales Price

This Month Compared to

May 2008

382

 

$337,300

 

April 2008

384

 

$327,000

+3.1%

May 2007

543

-29.7%

$325,000

+3.8%

*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: 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 4 commentsRandy Prothero • June 23 2008 03:56PM

Comments

Randy looks like the number of sales are way off, but the median price is holding very nicely.

Like the picture.  I never think of Hawaii as a City, I always seem to picture it as one big beach with lots of pineapples .......... LOL

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 10 years ago

George - Sales volume is definitely down.  The supply has stayed consistant with the demand in most areas.  You would not know that from reading hte newspaper.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) about 10 years ago

Randy.....is this the time of year sales go down and what would be the cause?

Posted by Pam Winterbauer, "Providing Blue Ribbon Service" (Pam Winterbauer Real Estate) about 10 years ago

This is our busier time of year.  We had record volume the previous years.  We are just in a more normal market.  Prices have held though.

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) about 10 years ago

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