August 22, 2009
Quick July market update for Oahu
Number of Single family homes sold on the Island of Oahu for the month of July in 2009 were down by 17.5% compared to the same time in 2008. The average sales price for the month of July in 2009 was down by 9.1% compared to the same time in 2008.
Number of condos sold on the Island of Oahu for the month of July in 2009 were down by 32.3% compared to the same time in 2008. The average sales price for the month of July in 2009 was down by 7% compared to the same time in 2008.
The Kailua real estate market seems to be moving pretty close to the averages of the over all island. The Leeward side of the island is continuing to get hammered both by drop in prices and number of sales.
The Waikiki real estate condo market seems to be mixed. The number of sales seem be doing better than island wide, but the price drops seem to be more than the island average. That may be good for buyers, but not sellers at this time.
© 2009 American Dream Realty
Great blog you have, very informative of the prices over there!.
Prices over here are still going up!, I am expecting a correction similar to Hawaii.
I am an aussie does anyone know is it easy to move from overseas to hawaii as far as visa etc?.
Thanks