Pearl City Region Real Estate Sales Activity for July 2008

This report covers areas including: Halawa, Foster Gardens, Aiea, Aiea Heights, Waimalu, New Town, Royal Summit, Pearl City, and Pacific Palisades.

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 has leveled off year to date while sales volume continues to be down from last year. With more than 6 months worth of inventory and low interest rates buyers will find the Pearl City region a good place to find the home of their dreams.

Condo and townhouse sales are another story. Prices have stabilized while sales volume is down. In July the volume saw an upturn. It is too soon to tell if a pattern is forming.

Current Active for Sale (as of 8/2/08):

• 83 Single Family Homes
• 123 Condos/ Townhouses

Currently in Escrow (as of 8/2/08):

• 35 Single Family Homes
• 44 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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