Prudential Locations recently came out with its monthly real estate report for January. A quick summary of their findings:
The new year is off to a strong start in real estate sales. The current rolling three-month period saw a significant increase in the number of sales for both single-family homes (up 48.1%) and condominiums (up 68.2%) in comparison to the same period last year. Single-family market areas such as North Shore (137.5%) and Pearl City-Aiea (127.8%) area and several condominium market areas such as Ala Moana-Kakaako (122.0%), Diamond Head-Kahala (116.7%) and Ewa (173.1%) experienced increases of over 100%.
Median prices have also started to stabilize in many single-family and condominium areas. Overall, the median price for a condominium is $304,000, up by 1.3% and the median price for a single-family home is down 3.7% at $578,000.
The entire report can be downloaded here: January 2010 Oahu Real Estate Report
Leave a Reply