First Quarter 2008 Oahu Real Estate Statistics - Prices Stable for Now

Oahu overall has seen no increase or decrease in the median price for single family homes between 1st quarter 2008 and first quarter 2007, remianing constant at $620,000. However the number of units sold has declined by more than 22%.

Oahu median condominium prices overall rose by just over 3%, going from $320,000 in Q1-2007 to $330 in Q1-2008. Number of condos sold also declined, however, by almost 24%.

Kailua went from a median price of $800,000 in 1st quarter 2007 to a median price of $799,500, making this area relatively stable, as well. Condo prices in Kailua went from a median price of $415,000 in Q1-2007 to $394,300 in Q1-2008, a decrease of approximately 5%.