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/
Associate Broker, ABR, AHWD, CRS, e-PRO, GRI "Not Just Another Pretty Face" Hawaii’s VA/Military/ 1st time buyer’s expert. My aggressive marketing programs bring top dollars for sellers.
Real Estate Consumers Have Changed in a Positive Way
Real Estate Ethics in Nutshell
Record High Prices, Yet all I Hear is Gloom and Doom
New Mall Signs / Same Great Services
What Takes More Than Three Weeks and is Quite Annoying?
Is Online Training the Same as a Classroom?
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
good report Randy. we like these. seems you're seeing about the same thing we are here. probably going to last for some time longer... but next year...
cheers
Randy
Hawaii just seems like to be the place place to live and move to.
Sincerely
Tom braatz
Randy - Here is hoping March will show an increase. In my marketplace we did have increase in sales.
Gary - I was a little surprised to see the sales volume down as much. I am seeing increased activity some of the communities I am servicing. Hopefully it will reflect in the March and April numbers.
Tom - I know a great real estate agent that can help you out. :)
Jennifer - I hope so too.
your sales are down but prices are steady. Very interesting...
Your Friend in Charlottesville!