Honolulu Real Estate Statistics – March 2010

The Honolulu Board of REALTORS® released resale figures for the month of March.  According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

Single Family Home Resales

  Number of Sales This Month Compared To Prior Year Median* Sales Price This Month Compared To Prior Year
Mar 2010 251 +32.1% $599,000 +4.2%
Mar 2009 190 -30.1% $575,000 -8.8%
Mar 2008 272   $630,500  

 

 

 

 

Condominium Resales

  Number of Sales This Month Compared To Prior Year Median* Sales Price This Month Compared To Prior Year
Mar 2010 352 +36.4% $310,000 +3.3%
Mar 2009 258 -31.7% $300,000 -7.7%
Mar 2008 378   $325,000  

 

 

 

 
*Median price means half the prices were above and half below the given price.

During March, sales of 251 single-family homes and 352 condominiums were reported through the Board’s MLS, an increase of 32.1 percent for single-family homes and an increase of 36.4 percent for condominiums, compared to the same month last year.  The median prices paid for island properties in March was $599,000 for single family homes and $310,000 for condominiums, an increase of 4.2 percent for single-family homes and an increase of 3.3 percent for condominiums from March 2009.

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