Oahu Hawaii Real Estate Market Update
Posted by admin under: Main Dec 23The Hawaii real estate market on Oahu continues to slow down. The third quarter of 2007 for single family home sales compared to the third quarter of 2006 for the number of homes sold is down by 10.5%. The same time period median home sales prices we are down 2.3%.
The third quarter of 2007 for condo re-sales compared to the third quarter of 2006 for the number of condos sold is down by 12.4%. The same time period median condo sales prices we are down 4.8%.
The total dollar volume of sales was $1.311 billion in the third quarter, a decrease of $136 million, or 9.5%, from the $1.447 billion in sales achieved in the same quarter last year.
Here are the median single home sales prices for the following areas:
Metro Oahu (Honolulu Town) – $705,500
Diamond Head – $1,080,000
Hawaii Kai – $853,800
Kailua – $785,000
Kaneohe – $707,000
North Shore – $587,500
Central Oahu (Mililani) - $648,300
Leeward Coast – $387,500
Ewa Plain – $519,500
Makakilo – $574,900
Waipahu – $582,500
Pearl City – $642,500
Median Sales Price means the midpoint of sales prices.
Sunday, December 23rd, 2007 at 10:41 am and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.