Oahu Upscale Real Estate Report October 2011

Oahu Upscale Real Estate Report

October 2011

Quick Summary

Oahu Single Family Homes Sales: up 5% from last year; up 4% from last month.

Oahu Condos Sales: up 27% from last year, up 6% from last month.

Oahu SFH Escrows: up 8% from last year; up 1% from last month.

Oahu Condos Escrows: up 5% from last year; down 14% from last month.

Oahu SFH Median Selling Price: down 10% from last year; up 4% from last month.

Oahu Condos MSP: down 7% from last year; up 4% from last month.

Oahu SFH Months on Hand: 4.6, Seller’s Market

Oahu Condos Months on Hand: 5.2, Seller’s Market

Oahu Upscale Sales: down 7% from last year, flat with last month.

Oahu Upscale Escrows: up 48% from last year, down 8% from last month

Oahu Upscale Price/Square Foot: down 19% from last year, up 13% from last month.

Oahu Total Market:

The data provided in the Oahu Upscale Real Estate Report differs from that provided by the

Honolulu Board of Realtors and reported in the press because the Board includes every

property listed in the Honolulu MLS system, including properties on the other islands. We

believe that it is more accurate to look only at Oahu properties, and so we removed all non-

Oahu properties from our data.

Sold Volume

270 Single Family Homes (SFH) on Oahu were sold in September, up 5% from last year and up

4% from August. 346 Condos were sold in September, up 27% from last year and up 6% from

August.

To read the full report click on this link: http://www.elitepacific.com/upscale.pdf