Resales of single family homes were down 14.5% and condo sales down 6.5% in December.
Every year, we typically see a dip in volume over the Holidays. However, this year was more significant compared with December of 2010.
This Waimanalo home (MLS # 1112647) is priced at December’s median price of $605,000
Meanwhile, the median price of a single family home on Oahu was up 3.4% to $605,000, which was the highest month in 2011! The median condo price was down 5% to $300,000. We’re also noticing a similar trend to November in that both inventory and listings are down significantly on Oahu, when compared to 2010. Once again, a great reason to consider listing your property…
This Ala Moana Hotel Condo (MLS # 1110106) is listed for December’s median price of $300,000
As always, all real estate is local. To find out what is happening in your neighborhood, contact one of our great Realtors on Oahu to see what is going on in your market, and if now is the time to buy or sell.
Neighborhoods “Hot” for Sellers
- Home sales on the North Shore were up 60%
- Home prices in Makaha-Nanakuli were up 41.2%
- Condo sales in Makaha-Nanakuli were up 111.1%
- Condo prices on the North Shore were up 87.1%