Hawaii real estate statistics January 2013 for Oahu

Hawaii real estate statistics,  January 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 January 2013

Sales of single-family homes and condominiums on Oahu increased by 29.7 percent and by 5.9 percent, respectively, from January 2012. The median price paid for the island of Oahu properties in January was $595,000 for single-family homes and $315,000 for condominiums, decrease of 3.9 percent and an increase of 3.3 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 23 days and condominiums listing for 36 days.

News Release/ January 2013 Honolulu Housing Statistics February 7, 2013

“Overall, January’s numbers are good with sales of single-family homes and condominiums continuing to be strong,” said Kevin Miyama, president of the Honolulu Board of REALTORS®. “The median sales price for single-family homes dropped due to the higher volume of sales this year over last in the lower price ranges. This means there were fewer high priced homes sold compared to the mid- and low-priced, which bumped the median price down, due to the high number of first time home buyers getting into the market. There is a lot of activity in the market and we’re optimistic low interest rates and reasonable prices will continue to fuel the positive trend we’ve been seeing these past few months.”