April 16, 2008
Oahu Hawaii March Market Statistics
In the month of March there were 282 single family homes that sold and 392 condos according to the Honolulu Board of Realtors MLS. That was a decrease of 14.5% for the number of single family homes sold compared to the same month last year and a 27.5 % decrease for condos for the same comparison. There were 673 single family sales for the first ¼ of 2008, representing a 22.2% decrease compared to a year ago. There were 1,037 condo sales for the first ¼ of 2008, representing a 23.8% decrease compared to a year ago.
The median single family home sale price was $628,000 a decease of 2.4%. The median condo sales price was $329,300, an increase of 2.4%. The actual sales prices do not seem to being affected as the number of home sale so far.
© 2009 American Dream Realty
Hopefully the real estate market will take a turn for the good in 2010. I own a real estate company in Mississippi and things have picked up in our market.