This report covers areas including: Halawa, Foster Gardens, Aiea, Aiea Heights, Waimalu, New Town, Royal Summit, Pearl City, and Pacific Palisades.
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 has leveled off year to date while sales volume continues to be down from last year. With more than 6 months worth of inventory and low interest rates buyers will find the Pearl City region a good place to find the home of their dreams.
Condo and townhouse sales are another story. Prices have stabilized while sales volume is down. In July the volume saw an upturn. It is too soon to tell if a pattern is forming.
Current Active for Sale (as of 8/2/08):
- 83 Single Family Homes
- 123 Condos/ Townhouses
Currently in Escrow (as of 8/2/08):
- 35 Single Family Homes
- 44 Condos/ Townhouses
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For the Month of July - Sold Resale Homes |
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Single Family Homes |
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Number of Sales |
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Average Sales Price |
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Area |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Pearl City Area |
12 |
26 |
-53.85% |
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$603,583 |
$674,692 |
-10.54% |
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Condominiums |
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Number of Sales |
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Average Sales Price |
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Area |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Pearl City Area |
36 |
33 |
+9.09% |
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$293,413 |
$311,689 |
-5.86% |
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Year to Date Ending July 31st - Sold Resale Homes |
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Single Family Homes |
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Number of Sales |
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Average Sales Price |
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Area |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Pearl City Area |
102 |
126 |
-19.05% |
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$685,665 |
$642,860 |
+6.66% |
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Condominiums |
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Number of Sales |
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Average Sales Price |
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Area |
2008 |
2007 |
% Change |
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2008 |
2007 |
% Change |
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Pearl City Area |
199 |
268 |
-25.75% |
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$304,950 |
$307,085 |
-0.70% |
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*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: www.HawaiiRandy.com
Or at: 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
