Hawaii real estate statistics december 2014

Hawaii Real Estate Statistics December 2014

Hawaii real estate statistics for the island of Oahu for the month of December 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 (Hawaii) Single-Family Home Re-sales
Number of Oahu
home Sales
This Month
Compared To
Median* Oahu
Sales Price
This Month 
Compared To
December 2014 284 $690,000
December 2013 283 +.4% $685,000 +.7%

 

Oahu Condominium Re-sales
Number of Oahu
condo Sales
This Month
Compared To
Median* 
Oahu Sales Price
This Month 
Compared To
December 2014
390 $361,250
December 2013 390 0.0% $330,000 +9.5%

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

Oahu, Hawaii, real estate sales increased in December 2014

During December, the median price paid for single-family homes increased .7% percent from the same month last year to $690,000. The median price for condominiums increased by 9.5% from last year to $361,250. Sales of single-family homes increased by 0.4% percent, while condominium sales remained the same from December 2013. According to the Days on Market indicator, single-family homes were on the market for an average of 23 days, while condominiums were on the market for an average of 22 days.

News Release/ December 2014 Honolulu, Hawaii, real estate Statistics January 7, 2014

“This month’s sales figures basically stuck to historical norms except for one aspect,” said Jack Legal, president of the Honolulu Board of REALTORS®. “In December 2014, the median price of a condominium in Honolulu hit a record $361,250, which breaks the old mark of $360,000 set in June of 2014. One positive is that the inventory of condos was up in December as compared to the previous year.”

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