Oahu real estate sales statistics October 2012 – Honolulu

Oahu real estate sales statistics October 2012. According to the analysis by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

Oahu Single-Family Home Resales
Number of
Sales
This Month
Compared To
Median*
Sales Price
This Month
Compared To
October 2012 282 $625,000
October 2011 223 +26.5% $579,000 +7.9%
Oahu Condominium Resales
Number of
Sales
This Month
Compared To
Median*
Sales Price
This Month
Compared To
October 2012
425 $325,000
October 2011 321 +32.4% $305,000 +6.6%

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

Oahu real estate sales statistics October 2012

Sales of single-family homes and condominiums increased by 26.5 percent and by 32.4 percent, respectively, from October 2011. The median price paid for island properties in October was $625,000 for single-family homes and $325,000 for condominiums, increases of 7.9 percent and 6.6 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 36 days and condominiums listing for just 31 days.

News Release/ October 2012 Honolulu Housing Statistics November 8, 2012

“October was a great month for the local real estate market. Condo sales, in particular, were extremely strong,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “In fact, condo sales were the highest they have been since August 2007, a definite sign of the market’s continued recovery.”

Bonnebaker can provide more in depth analysis and statistics to suit your Hawaii real estate market needs. Contact us

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