Oahu real estate sales statistics July 2011 – Hawaii Hi

Oahu real estate sales statistics for the month of July 2011. According to analysis conducted by the Honolulu Hawaii real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

During July, sales of 251 single-family homes and 300 condominiums were reported through the Board’s MLS, decreases of 7 percent and 8.3 percent, respectively, for single-family homes and condominiums from July 2010. The median price paid for island properties in July was $591,000 for single-family homes and $277,000 for condominiums, decreases of 2.2 percent for single-family homes 7.7 percent for condominiums, compared to the same month last year. According to the Days on Market indicator, sales of single-family homes closed at a faster pace last month compared to a year ago, with homes listing for 34 days. Condominiums closed at a similar pace last month compared to a year ago, listing for 37 days.

News Release/ July 2011 Housing Statistics August 9, 2011

“The good news is that the pace of sales of Oahu single-family homes and condominiums is not slowing down,” said Joyce Nakamura, President of the Honolulu Board of REALTORS®. “On the flip side, we are seeing dips in the number of sales and median prices over this same time last year. Buyers may find opportunities in the condo market if the pricing trend continues.”

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