Hawaii – State Wide Resale Home Sales for February 2008

February 2008 numbers are in.

Single Family Home Sales have continued to show decreased sales volume. In February we saw a dip in the Median Sales Prices. It will be interesting to see how the March numbers look. I am seeing increased activity in my area for the last few weeks, but it hard to tell if that is just my business or if it is a trend that is happening in a wider area.

Condominium Sales have also seen declines in sales volume in all counties except Maui which had a strong month. Median Sales Prices saw a bump in all counties except Maui which had the volume increase.

*FOR THE MONTH OF February 2008*

SINGLE FAMILY HOMES
	Number of Sales			Median Sales Price
County	2008	2007	% Change	2008	2007	% Change
Hawaii	99	128	-22.7%	$395,000	$425,000	-7.1%
Kauai	24	32	-25.0%	$760,000	$601,500	26.4%
Maui	76	104	-26.9%	$624,391	$625,000	-1.7%
Oahu	163	272	-40.1%	$599,000	$614,500	-2.5%
Total Sales	362	536	-32.5%

CONDOMINIUMS
	Number of Sales			Median Sales Price
County	2008	2007	% Change	2008	2007	% Change
Hawaii	26	34	-23.5%	$453,500	$400,000	13.4%
Kauai	16	33	-51.5%	$565,000	$475,000	18.9%
Maui	94	84	11.9%	$575,000	$596,000	-3.5%
Oahu	321	402	-20.1%	$335,000	$320,000	4.7%
Total Sales	457	553	-17.4%

*These numbers were taken from area MLS systems and Title Guaranty Escrow. The information listed here is deemed to be accurate, but not guaranteed.

You can find out more about real estate in Hawaii at: http://www.hawaiirandy.com/

Or at: http://www.localism.com/

5 comments on ActiveRain...

Author

Randy L. Prothero - Hawaii REALTOR®
Century 21 Liberty Homes
Mililani, HI

Cell Phone: (808) 384-5645
More information...

Contact Randy L. Prothero - Hawaii REALTOR®