Oahu Real Estate Market Update – APRIL SALES AND MEDIAN PRICES INCREASE FOR SINGLE-FAMILY HOMES AND CONDOMINIUMS, ACCORDING TO THE HONOLULU BOARD OF REALTORS

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APRIL SALES AND MEDIAN PRICES INCREASE FOR SINGLE-FAMILY HOMES AND CONDOMINIUMS, ACCORDING TO THE HONOLULU BOARD OF REALTORS®

HONOLULU — The Honolulu Board of REALTORS® released resale figures today for the month of April. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

Single-Family Home Resales
Number of
Sales		This Month
Compared To		Median*
Sales Price		This Month
Compared To
April 2013280$625,000
April 2012217+29.0%$600,000+4.2%

 

Condominium Resales
Number of
Sales		This Month
Compared To		Median*
Sales Price		This Month
Compared To
April 2013
457$335,000
April 2012343+33.2%$319,000+5.0%

*Median price means half the prices were above and half below the given price.

 

During April, sales of single-family homes and condominiums increased by 29 percent and 33.2 percent, respectively, from April 2012. The median price paid in April was $625,000 for single-family homes and $335,000 for condominiums, increases of 4.2 percent and 5.0 percent, respectively, compared to the same month last year. According to the Days on Market indicator, sales of both single-family homes and condominiums sold faster last month compared to a year ago. Single-family homes were on the market for 23 days and condominiums for 19 days.

“Compared to this time last year, the tremendous jump in total number of sales and a rise in median price for both single-family homes and condominiums shows the market is poised to make a strong comeback.” said Kevin Miyama, president of the Honolulu Board of REALTORS®. “Our members are excited about April’s strong showing, and look forward to building on this momentum as we head into the summer months.”

The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what’s happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both. HiCentral.com provides useful information about buying and selling real estate in Hawaii.

Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,500 boards of REALTORS® in the nation and, with over 5,300 members, one of the largest trade organizations on Oahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry who pledge to adhere to a strict Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com.

(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)

MPR April 2013 Closed SalesMPR April 2013 Median Sales PriceMPR April 2013 Average Sales Price

Hot streak continues for Oahu condo market, single-family-home sales dip slightly

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Hot streak continues for Oahu condo market, single-family-home sales dip slightly

hawaiioahucondos 900

The number of condominium units sold on Oahu in February was 23 percent higher than the number of units sold in the same month last year, according to the Honolulu Board of Realtors.

Janis L. Magin Managing Editor of Digital Content- Pacific Business News | Mar 7, 2013, 11:46am HST

Oahu’s condominium market continued its hot streak in February, with sales increasing by 23 percent and prices rising 8 percent compared to the same month a year ago, according to the Honolulu Board of Realtors.

The median price of an Oahu condo rose to $340,000 last month, from $315,000 in February 2012. That was based on sales of 279 condo units last month, compared to 227 units sold in February 2012.

Single-family home sales, meanwhile, declined 7 percent to 201 sales, from 217 sales in February 2012. The median price of a single-family home in February was $600,000, down 4 percent from $625,000 in February 2012.

“These numbers aren’t all that surprising, given that February is typically a down month in Honolulu,” Kevin Miyama, president of the Honolulu Board of Realtors, said in a statement. “We anticipate the numbers will start to climb from now until July, which is the high point in the market.”

Meanwhile, other measures of Honolulu’s real estate market indicate fewer listings that are selling faster.

Inventory — which is the amount of time it would take for all listings to sell if there were no new listings — dropped by more than half for both categories. There were 2.3 months of inventory for single-family homes, 55 percent lower than the 5.1 months of inventory remaining in February 2012.

The 2.6 months of inventory for condos in February represented a 51 percent drop from a year ago, when there were 5.3 months of inventory.

The median number of days it took for a single-family home to sell in February also dropped 22 percent, to 25 days, from 32 days a year ago, while the median days on market for condos fell 21 percent to 34 days, from 43 days a year ago.

“For single-family homes, we’re continuing to see limited inventory and fewer new listings,” Miyama said. “On the condo side, sales were quite good when you consider our inventory was down about 27 percent. Compared to single-family homes, we have more condos on the market, especially in the mid-price range.”

September 2012 Residential Resales Statistics – “There is less inventory now than a year ago, so homes are selling faster”

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During September, sales of 304 single-family homes and 350 condominiums increased by 7 percent and decreased by 3.8 percent, respectively, from September 2011. The median price paid for island properties in September was $637,000 for single-family homes and $319,500 for condominiums, increases of 11.8 percent and 0.9 percent, respectively, compared to the same month last year.

According to the Days on Market indicator, sales of both single-family homes and condominiums were accepted at a faster pace last month compared to a year ago, with single-family properties listing for 26 days and condominiums listing for just 27 days.

“One of the biggest trends that we saw in September was the decrease in days on market for both single family homes and condos,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “There is less inventory now than a year ago, so homes are selling faster and prices are continuing to rise.”

Download September Market Press Release

Download September Local Area Market Report

 

Use the following form to contact us about a custom market report for your neighborhood

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The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what’s happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both.

HiCentral.com provides useful information about buying and selling real estate in Hawaii.
Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,500 boards of REALTORS® in the nation and, with over 5,600 members, one of the largest trade organizations on Oahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry who pledge to adhere to a strict Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com.
(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)

November 2012 Residential Resales Statistics – “During November, sales of single-family homes and condominiums increased by 15.5 percent and by 9 percent, respectively”

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During November, sales of single-family homes and condominiums increased by 15.5 percent and by 9 percent, respectively, from November 2011. The median price paid for island properties in November was $640,000 for single-family homes and $325,000 for condominiums, increases of 10.3 percent and 10.2 percent, respectively, compared to the same month last year.

According to the Days on Market indicator, sales of both single-family homes and condominiums were accepted at a faster pace last month compared to a year ago, with single-family properties listing for 29 days and condominiums listing for just 22 days.

“The local real estate market has been picking up momentum over the last few months, and the month of November continued the trend with increased property sales and prices on Oahu,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “As 2012 comes to a close, we can be extremely optimistic about the strength of the market going into 2013.”

Download November Market Press Release

 

Use the following form to contact us about a custom market report for your neighborhood

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The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what’s happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both.
HiCentral.com provides useful information about buying and selling real estate in Hawaii.
Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,500 boards of REALTORS® in the nation and, with over 5,300 members, one of the largest trade organizations on Oahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry who pledge to adhere to a strict Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com.
(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)

October 2012 Residential Resales Statistics – The median price paid for island properties in October was $625,000 for single-family homes and $325,000 for condominiums

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During October, sales of single-family homes and condominiums increased by 26.5 percent and by 32.4 percent, respectively, from October 2011.

The median price paid for island properties in October was $625,000 for single-family homes and $325,000 for condominiums, increases of 7.9 percent and 6.6 percent, respectively, compared to the same month last year.

According to the Days on Market indicator, sales of both single-family homes and condominiums were accepted at a faster pace last month compared to a year ago, with single-family properties listing for 36 days and condominiums listing for just 31 days.

“October was a great month for the local real estate market. Condo sales, in particular, were extremely strong,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “In fact, condo sales were the highest they have been since August 2007, a definite sign of the market’s continued recovery.”

Download October Market Press Release

Download October Local Area Market Report

 

Use the following form to contact us about a custom market report for your neighborhood

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The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what’s happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both.
HiCentral.com provides useful information about buying and selling real estate in Hawaii.
Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,500 boards of REALTORS® in the nation and, with over 5,300 members, one of the largest trade organizations on Oahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry who pledge to adhere to a strict Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com.
(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)

August 2012 Residential Resales Statistics – The median price paid for island properties in August was $609,000 for single-family homes and $320,000 for condominiums

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During August, sales of 293 single-family homes and 409 condominiums increased 5 percent and 21 percent, respectively, from August 2011. The median price paid for island properties in August was $609,000 for single-family homes and $320,000 for condominiums, increases of 9.2 percent and 6.7 percent, respectively, compared to the same month last year. According to the Days on Market indicator, sales for both single-family homes and condominiums were accepted at a faster pace last month compared to a year ago, with single-family properties listing for 25 days and condominiums listing for just 28 days.

“This has been one of the best summers we’ve seen in many years, with closed and pending sales of both single-family homes and condominiums rising throughout the summer to highs in August,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “This is a good indicator that the market is finally recovering.”

Download August Market Press Release

Download August Local Market Update Report

 

Use the following form to contact us about a custom market report for your neighborhood

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The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what’s happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both.

HiCentral.com provides useful information about buying and selling real estate in Hawaii.
Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,500 boards of REALTORS® in the nation and, with over 5,600 members, one of the largest trade organizations on Oahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry who pledge to adhere to a strict Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com.
(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)

June 2012 Residential Resales Statistics – ‘The median price paid for island properties in June was $620,000 for single-family homes, an increase of 10.2 percent’

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Honolulu Board of Realtors Market Updates and Reports

SINGLE-FAMILY HOME SALES SOAR IN JUNE ACCORDING TO THE HONOLULU BOARD OF REALTORS®
**Increases in Pending Home Sales Indicate a Strong Summer**
HONOLULU — The Honolulu Board of REALTORS® released resale figures today for the month of June. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

During June, sales of 279 single-family homes and 342 condominiums were reported through the Board’s MLS; single-family home sales experienced a 12.5 percent increase while condominium sales decreased by 3.4 percent from June 2011. The median price paid for island properties in June was $620,000 for single-family homes and $297,000 for condominiums, an increase of 10.2 percent and a decrease of 1.3 percent respectively, compared to the same month last year. According to the Days on Market indicator, sales for single-family homes were accepted at a slower pace last month compared to a year ago, with single-family properties listing for 35 days; condominiums were accepted in a shorter amount of time, listing for just 30 days.

“Single-family homes sales were particularly strong in June, while condominium sales were consistent with June 2011,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “We’re optimistic about the remainder of the summer thanks to dramatic increases in pending sales for both condo and single-family homes. ”

The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what’s happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both.

HiCentral.com provides useful information about buying and selling real estate in Hawaii. Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,500 boards of REALTORS® in the nation and, with over 5,600 members, one of the largest trade organizations on Oahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry who pledge to adhere to a strict Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com.

(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)

March 2012 Residential Resales Statistics – Median price paid for island properties in March was $625,000 for single-family homes, an increase of 13.9 percent

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NewMSRFormat
During March, sales of 222 single-family homes and 338 condominiums were reported through the Board’s MLS, a decrease of 10.8 percent and an increase of 2.1 percent, respectively, from March 2011. The median price paid for island properties in March was $625,000 for single-family homes and $311,750 for condominiums, an increase of 13.9 percent and a decrease of 1.0 percent, respectively, compared to the same month last year.

According to the Days on Market indicator, sales for single-family homes were accepted at a slower pace last month compared to a year ago with single-family properties listing for 44 days; condominiums were accepted in a shorter amount of time, listing for 39 days, down from 46.

Download 03_2012_Oahu_Stats_PR

Download 03_2012_Oahu_Stats_market

*Reports and Press Release scheduled to be released the morning of April 9th, 2012 by the Honolulu Board of REALTORS®. Not for public distribution until after that time. Questions regarding this statistical report should be directed to Honolulu Board of REALTORS® at [email protected]. Statistical graphs or charts (and data) prepared by the Honolulu Board of REALTORS® may not be released to the media without the express permission of the Board of Directors of the Honolulu Board of REALTORS®. – MLS Rules & Regulations, Section 12.3(b)4.

 

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1888 Kalakaua Ave., C312
Honolulu, HI 96815
Phone 808-791-2923

February 2012 Residential Resales Statistics – “February was an extremely strong month in the single-family housing market,” said Joe Paikai, president of the Honolulu Board of REALTORS®.

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NewMSRFormat
During February, sales of 217 single-family homes and 227 condominiums were reported through the Board’s MLS, an increase of 19.9 percent and a decrease of 23.1 percent, respectively, from February 2011.

The median price paid for island properties in February was $625,000 for single-family homes and $315,000 for condominiums, an increase of 9.6 percent and a decrease of 1.6 percent, respectively, compared to the same month last year. According to the Days on Market indicator, sales for singlefamily homes were accepted at a faster pace last month compared to a year ago with single-family properties listing for 34 days; condominiums were accepted in a longer amount of time, listing for 40 days, up from 36.

“February was an extremely strong month in the single-family housing market,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “We saw significant increases in both the number of sales and the median sales prices compared to February of last year. It is also encouraging to see the median sales prices of both single-family homes and condos continue to rise.”

Download 02_2012_Oahu_Stats_PressRelease

Download 02_2012_Oahu_Stats_market

*Reports and Press Release scheduled to be released the morning of March 6, 2012 by the Honolulu Board of REALTORS®. Not for public distribution until after that time. Questions regarding this statistical report should be directed to Honolulu Board of REALTORS® at [email protected]. Statistical graphs or charts (and data) prepared by the Honolulu Board of REALTORS® may not be released to the media without the express permission of the Board of Directors of the Honolulu Board of REALTORS®. – MLS Rules & Regulations, Section 12.3(b)4.

 

Search REO and Bank Owned CONDOS  |  Search REO and Bank Owned Homes

Search 3.5% DOWN PAYMENT HOMES

Map Search Search Real Estate by Map

HawaiiAmericana.com  |  ShopMauiRealEstate.com

Hawaiian Americana Realty, Inc | Mark Howard – Owner/ Broker/Founder – RB 20384
1888 Kalakaua Ave., C312
Honolulu, HI 96815
Phone 808-791-2923

January 2012 Residential Resales Statistics – Median Condo Price Increase 1.9% and 8.6% Increase for Single Family Homes

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NewMSRFormatDuring January, sales of 175 single-family homes and 270 condominiums were reported through the Board’s MLS, a decrease of 12.1 percent and an increase of 1.9 percent, respectively, for single-family homes and condominiums from January 2011.

The median price paid for island properties in January was $618,900 for single-family homes and $305,000 for condominiums, increases of 8.6 percent and 1.9 percent, respectively, compared to the same month last year.

According to the Days on Market indicator, sales for single-family homes closed at a slower pace last month compared to a year ago with single-family properties listing for 50 days, up from 38; condominiums closed at a quicker pace, listing for 45 days, down from 49.

Download 01_2012_Oahu_Stats

*Reports and Press Release scheduled to be released the morning of February 7, 2012 by the Honolulu Board of REALTORS®. Not for public distribution until after that time. Questions regarding this statistical report should be directed to Honolulu Board of REALTORS® at [email protected]. Statistical graphs or charts (and data) prepared by the Honolulu Board of REALTORS® may not be released to the media without the express permission of the Board of Directors of the Honolulu Board of REALTORS®. – MLS Rules & Regulations, Section 12.3(b)4.

 

Search REO and Bank Owned CONDOS  |  Search REO and Bank Owned Homes

Search 3.5% DOWN PAYMENT HOMES

Map Search Search Real Estate by Map

HawaiiAmericana.com  |  ShopMauiRealEstate.com

Hawaiian Americana Realty, Inc | Mark Howard – Owner/ Broker/Founder – RB 20384
1888 Kalakaua Ave., C312
Honolulu, HI 96815
Phone 808-791-2923