They do a lot of good data mining over at Zillow.com, and their latest 4th quarter real estate market report tracks,
“161 metropolitan statistical areas (MSAs) throughout the U.S., identifying market trends including, but not limited to: five and 10-year annualized change, homes selling for a loss, negative equity, short sales and foreclosure transactions.”
Basically what they are trying to track are the change in the value of homes for the 161 metropolitan areas they cover. Obviously, the most interesting market report to us is the one covering Honolulu real estate. You can download the report in a spreadsheet format, but Zillow does a nice job of placing the stats on a map
See the Zillow Map in action (scroll down the list and choose Honolulu, HI)
The map actually covers more than just Honolulu, so you get a good idea of what’s happening with the entire Oahu real estate market. Unfortunately, the market report is for the 4th quarter of 2008, so its not as current as it could be. For the latest info, check out David Buck’s post on January 2009 real estate stats for Oahu.
Jim Boyer Harding NJ Homes
March 15, 2009
Wow, I had heard that prices had declined in Hawaii, but had not seen any real reports on this or numbers that show prices down that much. Looks like homes in Hawaii may become more affordable.
Love the map of Oahu as well.
Loan Mods
April 10, 2009
Great stuff. Nice to read some well written posts that have some relevancy !