The Honolulu Board of REALTORS® released resale figures for the second quarter of 2009. According to the analysis conducted by the Board, using data collected from the MLS system, the resale statistics are:
Single Family Home Resales
| Number of Sales |
This Quarter Compared To |
Median* Sales Price |
This Quarter Compared To |
|
| 2nd Quarter 2009 | 668 | $569,500 | ||
| 1st Quarter 2009 | 439 | up 52.1% | $570,000 | dn 0.1% |
| 2nd Quarter 2008 | 740 | dn 9.7% | $636,000 | dn 10.5% |
Condominium Resales
| Number of Sales |
This Quarter Compared To |
Median* Sales Price |
This Quarter Compared To |
|
| 2nd Quarter 2009 | 813 | $307,500 | ||
| 1st Quarter 2009 | 567 | up 43.4% | $300,000 | up 2.5% |
| 2nd Quarter 2008 | 1,121 | dn 27.5% | $330,000 | dn 6.8% |
*Median price means half the prices were above and half below the given price.
During the second quarter, the number of sales declined from one year ago and the median price paid for a single family home decreased by 10.5% while the condominium median price decreased by 6.8%. The following table provides the quarterly median prices for the Oahu neighborhood groups (change compares 2nd Quarter 2009 to 1st Quarter 2009):
| Geographic Area | Single Family | Change | Condos | Change |
| Entire Island | $569,500 | dn | $307,500 | up |
| Metro Oahu | $650,000 | up | $305,000 | up |
| Diamond Head | $884,000 | up | $427,000 | up |
| Hawaii Kai | $747,500 | dn | $451,000 | dn |
| Kailua | $710,000 | up | $392,500 | up |
| Kaneohe | $619,500 | dn | $365,000 | dn |
| North Shore | $754,500 | up | $255,000 | dn |
| Central Oahu | $566,500 | up | $290,000 | dn |
| Leeward Coast | $277,000 | dn | $135,000 | up |
| Ewa Plain | $425,000 | dn | $275,000 | dn |
| Makakilo | $490,000 | dn | $245,700 | up |
| Waipahu | $520,000 | up | $270,000 | dn |
| Pearl City | $539,400 | dn | $290,000 | up |
Contact Michael Zimmerman if you have questions about Honolulu real estate. Please visit my web site to conduct your own Honolulu home search or request special reports for home buyers or sellers.
This information is provided as a courtesy only, is not a warranty and should be independently investigated by buyers. This information is deemed reliable, but NOT guaranteed.
