There was a recent article in the Pacific Business News titled 2010 Oahu home sales off to fast start that talked about how we’ve been on a roll here on Oahu with home sales up every month since January 0f 2009! Year over year home sales were up 33% 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 up 11% from last year, while the median sales price Oahu condos was down 2%. While the numbers were great, real estate is always local…
Where was up?
- Diamond Head/Kapahulu had the highest appreciation at 73.3 % year over year
- Windward Coast with sale up 250% year over year
Where was down?
- Wahiawa experienced the highest depreciation with prices down 32.8% year over year
- Makaha/Nanakuli had the largest drop in number of sales down 61.5% year over year
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Aloha Tony | Feb 8th, 2010
It is pretty amazing isn’t it? I’ve seen it personally. Lots of offers on properties. I just wrote about it on my blog too
Aloha Tony | Feb 10th, 2010
The sales on the Windward side being up 250% isn’t too surprising. But for some reason the number of available listings has plummeted too. So many buyers having trouble finding a home to buy there, especially in Kailua near the beach.
Honolulu led Nation in Housing Rebound for January « Hawaii Real Estate Market | Feb 28th, 2010
[...] had a feeling our numbers were strong in January when I wrote a blog post about Oahu’s home sales recently. However, I didn’t realize how strong they were. A recent Associated Press article [...]