Oahu homes sales statistics January 2014

Oahu home sales statistics January 2014

Oahu home sales statistics for the months of January 2014. 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
January 2014 246 $629,500
January 2013 227 +8.4% $595,000 +5.8%

 

Oahu Condominium Re-sales
Number of Hi
condo Sales
This Month
Compared To
Median* 
Sales Price
This Month 
Compared To
January 2014
310 $320,000
January 2013 286 =8.4% $315,000 +1.6%

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

Oahu (Hawaii) home sales increased in January 2014

Sales of single-family homes and condominiums on Oahu increased by 8.4 percent from January 2013. The median price paid for the island of Oahu properties in January increased 5.8% to $629,500 for single-family homes, and increased by 1.6% to $320,000 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 21 days.

News Release/ January 2014 Honolulu Housing Statistics February 7, 2014

“January was a good month for the industry, with a healthy increase in the number of homes and condominiums sold compared to January of last year,” said Julie Meier, president of the Honolulu Board of REALTORS®. “There was a substantial drop in the single-family home median price from December 2013, but that’s not unusual and can be attributed to the seasonality of the market. Median sales prices of both single-family homes and condominiums were up year over year.”

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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