May 7, 2010
April 2010 Oahu Real Estate Market Update
According to stats from the Honolulu MLS, the Oahu real estate market appears to be picking up from 2009. In 2009 of April there were 187 closed SFR compared 286 for 2010 of April. That is a 35% increase in the number of SFR homes sold. Oahu condo also saw an increase of units sold as well. In 2009 of April there were 263 condos sold compared to 390 in 2010. That was about a 33% increase of condos sold over 2009.
The SFR median sales price for April 2010 was $634,969 compared to $646,584 in 2009, that was a 1.8% drop which was a lot lower than the 11.5% for April 2008 compared to April 2009 drop. The condo median sales price for April 2010 saw an increase of 2.4% over April 2009.
The number of days on the market is decreasing another indicator the market is gaining momentum and strength. The number of days on the market for SFR was 59 in April 2010 and 82 in April 2009. That is a decrease of 28.8%. The number of days on the market for condos was 55 in April 2010 and 81 in April 2009. That is a decrease of 32.3%.
Hopefully we see types of numbers the rest of the year and we see the market continue to stabilize.
May 7, 2010
2010 April Kauai Market Update
It is a good time to be a Buyer with lower home prices and exceptionally low interests rates you can’t go wrong. If you are looking to purchase Now Is The Time, the market is starting to move in an upward trend and Buyers have become more aggressive knowing that the market has reached a low point.
For April 2010 Vs. 2009 the number of Island wide home sales increased by 9.52%, the median sales price decreased 15.45%
| Kauai home Sales April 2009 vs. 2010 | |||||
| #Sales & $Median | |||||
| Neighborhood | 2009 | 2010 | 2009 2010 | ||
| Waimea | 1 | 3 | $ 4750,000 | $ 430,000 | |
| Koloa | 12 | 7 | $ 525,000 | $ 1,125,000 | |
| Lihue | 2 | 1 | $ 505,000 | $ 450,000 | |
| Kawaihau | 4 | 7 | $ 531,500 | $ 405,000 | |
| Hanalei | 2 | 5 | $ 534,500 | $ 905,000 | |
| Island of Kauai | 21 | 23 | $ 550,000 | $ 465,000 | |
April 2010 Condos number of sales increased 114.3% and the median sales price increased 44.6%
| Kauai Condo Sales April 2009 vs. 2010 | |||||
| #Sales & $Median | |||||
| Neighborhood | 2009 | 2010 | 2009 2010 | ||
| Waimea | 0 | 0 | $ 0 | $ 0 | |
| Koloa | 3 | 4 | $ 192,000 | $ 672,500 | |
| Lihue | 6 | 10 | $ 193,541 | $ 162,000 | |
| Kawaihau | 1 | 9 | $ 925,000 | $ 647,000 | |
| Hanalei | 4 | 7 | $ 837,500 | $ 422,500 | |
| Island of Kauai | 14 | 30 | $220,000 | $ 315,000 | |
Information on April 2010 sales on the island of Kauai was provided by Russell Tucker
© 2009 American Dream Realty