During January, sales of
homes and 227 condominiums were reported through the Board's
an increase of 32.8 percent for single-family homes and an
of 42.8 percent for condominiums, compared to the same month
year. The median prices paid for island properties in the
was $597,500 for single-family homes and $299,000 for
an increase of 10.8 percent for single-family homes and a
of 2 percent for condominiums from January 2009. The
total dollar sales volume generated in the housing market
January was $190.7 million, an increase of 31 percent ($45
compared to the $145.6 million produced one year ago.
for both single-family homes and condominiums are very
the Oahu real estate market," said Brian Benton, President of
Honolulu Board of REALTORS®. "Competitive pricing, current
inventory levels, and the extension of the federal tax credit
be turning house hunters into first time homebuyers."
the prices were above and half below the given price.
Established in 1922, the Honolulu Board of REALTORS®
is one of the largest of 1,600 boards of REALTORS® in the
and, with over 5,500 members, the largest trade organization
Membership is available to licensed real estate brokers,
managers, appraisers, counselors and others engaged in all
the real estate industry pledged to adhere to a strict Code of
and Standards of Practice. For more information, call (808)
or visit www.HiCentral.com.
(This report reflects information about
resales of existing
properties only and does not include new home sales. All of
information is compiled from sales reported during the cited
this data is known only after closing of escrow. The time
the signing of a sales contract and the closing of escrow is
between one and three months.)