Hawaii real estate statistics March 2013 for Oahu

The Hawaii real estate statistics,  March 2013 for the island Oahu. According to the analysis by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

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

Oahu real estate sales statistics March 2013

Sales of single-family homes and condominiums on Oahu increased by 4.1 percent and 73.1 percent, respectively, from March 2012. The median price paid for the island of Oahu properties in March was $640,000 for single-family homes and $346,700 for condominiums, increases of 2.4 percent and 11.2 percent, respectively, compared to the same month last year.  According to the Days on Market indicator, sales of both single-family homes and condominiums were accepted at a faster pace last month compared to a year ago, with single-family properties listing for 22 days and condominiums listing for 15 days.

News Release/ March 2013 Honolulu Housing Statistics April 9, 2013

“Momentum in strong in the Honolulu market, with sales and median prices increasing for both single-family homes and condominiums,”  said Kevin Miyama, president of the Honolulu Board of REALTORS®.  “The March resale figures for condominiums were impacted by the presale of 174 units at Holomua – the majority of which listed between $299,000 and $400,000, indicating great demand for affordable housing. But even without these closed sales, the number of condo sales increased by an impressive 21.6% percent over last year.”