March 1, 2009
January Oahu Housing Information
Below are some Oahu real estate stats for the month of January 2009.
Island wide there were 116 SFR properties sold for an average of 95 days on the market. They sold on average 96% of list price. Average list price was $801,845 and the average sales price was $747,120. The average house size was 4 bedroom, 2.5 bath with 1,796 living SqFt and a lot size of 8,081.
The same month the year before there were 223 SFR properties sold for an average of 80 days on the market. They sold on average 96% of list price as well. Island wide the average sales price was $952,277.
It appears that the average SFR sales price island wide for the same month has declined approximately 22%. Number of sales was down approximately 48% from 2008.
The condo sales were down approximately 60% and the amount of Hawaii foreclosures continue to increase. With the interest rates at all time low there should be plenty of great buys for the bargain hunters.
© 2009 American Dream Realty
And I thought CA properties were expensive. I should be an agent there instead.
That’s the only profession I can think of that would afford me a home for that price. What do people do for a living on the Island?!