Honolulu County (Oahu) Real Estate Sales Figures

Honolulu County (Oahu) Real Estate Sales Figures – 1/1/08 thru 3/31/08

Sales volume has seen slippage since the last two years, while median sales price has stayed stable and average sales prices showed an increase over the same period last year.

With interest rates remaining low and a good selection of inventory, buyers will continue to find the home of their dreams on Oahu.

Sellers will find their homes selling, with proper marketing and correct pricing. If they are over priced and are not properly prepared they may sit on the market for an extended period of time.

Year to Date Sales Figures for Resale Properties

	Number of Sales				Median Sales Price			Average Sales Price
			Changes
	2008	2007	Number	Percent	2008	2007	Percent Change	2008	2007	Percent Change

SINGLE FAMILY HOMES
Overall Oahu	673	865	-192	-22.2%	$620,000	$620,000	0.0%	$842,119	$770,174	9.3%
Metro Oahu	74	93	-19	-20.4%	$755,000	$689,500	9.5%	$801,958	$756,342	6.0%
East Oahu	123	158	-35	-22.2%	$875,000	$890,000	-1.7%	$1,377,573	$1,250,334	10.2%
Windward Oahu	100	137	-37	-27.0%	$737,500	$750,900	-1.8%	$1,215,514	$873,458	39.2%
North Shore	14	23	-9	-39.1%	$897,500	$800,000	12.2%	$1,316,680	$1,009,304	30.6%
Leeward Oahu	362	454	-92	-20.3%	$526,500	$548,100	-3.9%	$546,891	$562,672	-2.8%

CONDOMINIUMS
Overall Oahu	1037	1361	-324	-23.8%	$330,000	$320,000	3.1%	$392,805	$382,800	2.6%
Metro Oahu	587	721	-134	-18.6%	$325,000	$325,000	0.0%	$400,153	$404,730	-1.1%
East Oahu	74	78	-4	-5.1%	$539,000	$517,500	4.2%	$669,649	$573,812	16.7%
Windward Oahu	55	79	-24	-30.4%	$380,000	$390,000	-2.6%	$402,185	$405,166	-0.7%
North Shore	9	12	-3	-25.0%	$420,000	$360,000	16.7%	$518,000	$700,871	-26.1%
Leeward Oahu	312	471	-159	-33.8%	$290,000	$293,000	-1.0%	$308,053	$305,742	0.8%

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

Cell Phone: (808) 384-5645
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