Oahu (Honolulu County) - Sales of Existing Homes & Condominiums for February 2008

The February 2008 numbers are in.

Single Family Home sales began to slow the end of the year and continued on January and February. Even though sales volume is considerably off, median sales prices have stayed fairly stable.

Condominium sales had a drop in volume while the median price has shown increase.

With interest rates lowering, buyers should see it a good time to take advantage of the market conditions in most areas.

For the Month of February 2008

OAHU SINGLE FAMILY HOME RESALES
	Number of Sales	This Month Compared to	Median Sales Price	This Month Compared to
February 2008	163		$599,000
January 2008	228		$600,000	-0.2%
Febrauary 2007	272	-40.1%	$614,500	-2.5%

OAHU CONDOMINUM RESALES
	Number of Sales	This Month Compared to	Median Sales Price	This Month Compared to
February 2008	321		$335,000
January 2008	324		$324,000	+3.4%
Febrauary 2007	402	-20.1%	$320,000	+4.7%

*These numbers were taken from the Honolulu Board of Realtors MLS system and Old Republic Title. They are deemed to be accurate, but not guaranteed.

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

Posted Thursday Mar 13

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

Randy L. Prothero - Hawaii REALTOR®: Real Estate Agent in Mililani, HI

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.