January Home Sales on Oahu up 33%

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?

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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3 Responses to “January Home Sales on Oahu up 33%”

  1. Aloha Tony
    February 8, 2010 at 10:56 am #

    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

  2. Aloha Tony
    February 10, 2010 at 10:08 am #

    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.

Trackbacks/Pingbacks

  1. Honolulu led Nation in Housing Rebound for January « Hawaii Real Estate Market - February 28, 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 [...]

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