Oahu home sales statistics December 2013

Oahu home sales statistics for the months of December 2013. According to the analysis by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the Island  housing statistics are:

Oahu Single-Family Home Re-sales
Number of Hi
home Sales
This Month
Compared To
Median* Hawaii
Sales Price
This Month 
Compared To
December 2013 283 $685,000
December 2012 291 -2.7% $600,000 +14.2%

 

Oahu Condominium Re-sales
Number of Hi
condo Sales
This Month
Compared To
Median* 
Sales Price
This Month 
Compared To
December 2013
390 $330,000
December 2012 401 -2.7% $335,000 -1.5%

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

 

Oahu home sales statistics December 2013

Sales of single-family homes and condominiums on Oahu decreased by 2.7 percent from December 2012. The median price paid for the island of Oahu properties in December increased 14.2% to $685,000 for single-family homes, an all time high, and decreased by 1.5% to $330,000 for condominiums compared to the same month last year.  According to the Days on Market indicator single-family homes were on the market for and average of 22 days and condominiums for 27 days.

News Release/ December 2013 Honolulu Housing Statistics January 7, 2014

 

“Both single-family homes and condominiums recorded a small dip in sales in December, but that is pretty typical for this time of year,” said Julie Meier, president of the Honolulu Board of REALTORS®. “We want to keep our eyes on the median sales price, especially for single-family homes, given that this month’s median price ties the market’s highest peak at $685,000.”

Hawaii real estate market statistics customized

We are updating our database with terabytes of Hawaii home sales data. Bonnebaker luxury real estate is already providing extensive Hawaii real estate market statistics for our clients, including investors. Soon we will be able to provide unique customized Hawaii real estate statistics fully automated with unique algorithms, including statistics per street, neighborhood, and condo buildings.

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If you are in the process of buying or selling a property in Hawaii and would like to know more about the market, feel free to Contact Malia.

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