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

 

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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

 

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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

 

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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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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.

 

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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.

 

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

December 2011 Residential Resales Statistics * * “. . . Total condominium sales through December were 4,029, a 1.3 percent increase from last year.”

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NewMSRFormat
During December, sales of 268 single-family homes and 333 condominiums were reported through the Board’s MLS, a decrease of 14.1 percent for single-family homes and a decrease of 6.5 percent for condominiums, compared to the same month last year. This brings total single-family home sales on Oahu to 2,974 for the year of 2011, a decrease of 2.7 percent over one year ago. Total condominium sales through December were 4,029, a 1.3 percent increase from last year. The median price paid for island properties in the year of 2011 was $605,000 for single-family homes and $285,000 for condominiums, an increase of 3.4 percent and a decrease of 6.5 percent, respectively, from December 2010. According to the Days on Market indicator, single-family home sales closed at a faster pace last month compared to December 2010 listing for 35 days, down from 38. Condominiums closed at a slower pace last month compared to December 2010 listing for 52 days, up from 43.

“Although home and condominium sales for December 2011 took a small dip compared to last year, we are seeing prices rise for single-family homes,” said Joe Paikai, newly-elected President of the Honolulu Board of REALTORS®. “We’ve also noticed that particular neighborhoods have made significant jumps in sales compared to last year. This is a good sign for Honolulu as a whole; we expect to see this rise in sales spread as the economy continues to recover.”

(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.)

Download 2011_December_HBR_MarketReport

Download HBRAnnualReport_2011

 

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

November 2011 Residential Resales Statistics * * “. . . We are pleased to see that sales of both single-family homes and condominiums have increased compared to last year”

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NewMSRFormatDuring November, sales of 251 single-family homes and 333 condominiums were reported through the Board’s MLS, increases of 1.2 percent and 5.4 percent, respectively, for single-family homes and condominiums from November 2010. The median price paid for island properties in November was $580,000 for single-family homes and $295,000 for condominiums, an increase of 1 percent for singlefamily homes and a decrease of 5.4 percent for condominiums compared to the same month last year.

According to the Days on Market indicator, sales of single-family homes and condominiums closed at a faster pace last month compared to a year ago, with homes listing for 35 days and  condominiums listing for 42 days.

“We are pleased to see that sales of both single-family homes and condominiums have increased
compared to last year. In fact, this is the fourth month in a row that condominium sales have been up, as buyers take advantage of lower prices and quicker deals and the inventory clears out,” said Joyce Nakamura, President of the Honolulu Board of REALTORS®. “This is pretty positive news given that November is historically one of the slowest months for real estate sales."

(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.)

Download 2011_November_HBR_MarketReport

 

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

June 2011 Residential Resales Statistics * * “. . . positive indicator of continued strong demand in the market.”

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NewMSRFormat During June, sales of 248 single-family homes and 354 condominiums were reported through the Board’sMLS, decreases of 15.9 percent and 19.9 percent, respectively, for single-family homes andcondominiums from June 2010.

The median price paid for island properties in June was $562,500 forsingle-family homes and $301,000 for condominiums, a decrease of 3.4 percent for single-family homesand an increase of 0.3 percent for condominiums, compared to the same month last year.

According to theDays on Market indicator, sales closed at a similar pace last month compared to a year ago with singlefamilyhomes listing for 36 days and condominiums listing for 39 days.

“The median prices for Oahu single-family homes and condominiums have remained relatively stable,”said Joyce Nakamura, President of the Honolulu Board of REALTORS®.

“This time last year, marketactivity was boosted by the first-time homebuyer credit, so the decrease in sales recorded over last year isnot unexpected. We’re also experiencing a decrease in inventory on Oahu, which is a positive indicator of continued strong demand in the market. It’s a much more sustainable environment.”

Download 2011_June_HBR_MarketReport