Makaha

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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