Real Estate Sales Activity for the North Shore of Oahu – November 2007

The North Shore of Oahu includes communities from Kaena Point to Laie (Mokuleia, Waialua, Haleiwa, Kawailao, Waimea, Pupukea, Sunset, Velzy, Kahuku, Malaekahana, Laie. (tax map key 155 to 169).

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 while up a little in November have seen some slippage year to date.  Sales volume is also down from last year.  Inventory levels are at nearly 10 months worth.

Condo and townhouse sales are another story.  Average sales prices have seen a large jump year to date over 2006.  Sales volume year to date is down.

Current Active for Sale (as of 12/22/07): 

• 128 Single Family Homes
•   55 Condos/ Townhouses

Currently in Escrow (as of 12/22/07): 

•   14 Single Family Homes
•     4 Condos/ Townhouses

*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.

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