The Honolulu Board of Realtors just released their monthly stats for November and the biggest stat was that condo sales on Oahu doubled from 2008! We all remember how bad it was this time last year. There were only 201 condos that sold in November or 2008. Well, things aren’t that bad as we roll into winter this year with sales up 102.5% to 407 sales in 2009! In addition, single family home sales were up 46.5% from 170 in 2008 to 249 this year. In addition, prices remain stable as a whole with condo prices up 1.2% and single family homes down only .75% compared to last year.
The strongest segment of the market for home values was Mililani with prices up 18% from last year and Aina Haina-Kuliouou took the hardest hit down 46%, however may have been skewed from a high sale last year. The strongest condo segment was the Windward Coast with values up 35% from last year, while the weakest was Downtown-Nuuanu with condo values down 25.6%.
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Justin - Head Web Head | Dec 3rd, 2009
Here’s some more recent sales stats for Oahu…
http://pacific.bizjournals.com/pacific/stories/2009/11/30/daily26.html?ed=2009-12-02&ana=e_du_pub
Things are looking up!
Oahu’s Sales Up, Prices Down in December « Hawaii Real Estate Market | Jan 13th, 2010
[...] continued its run up in the number of sales in December riding on momentum of strong numbers from November. The number of homes that sold on Oahu were up 37% from December of 2008 jumping from 194 sales to [...]
January Home Sales on Oahu up 33% « Hawaii Real Estate Market | Feb 5th, 2010
[...] with 166 sales and condo sales up 43% with 227 sales! This momentum has definitely carried on from November and December of 2009. What was interesting to see was the median price of a single family home was [...]