Prudential Locations just released it’s June 2008 Hawaii Real Estate report.
MAY 2008 SALES ACTIVITY
Note: you can download our latest real estate report here
KEY OBSERVATIONS
Despite sales numbers being down again this month, Oahu median prices saw little change in the three-month period between March and May 2008 compared to the same period last year for both single-family homes and condominiums. Median prices for single-family homes saw a slight dip of -1.5%
to $640,000. Condominiums have remained flat at $325,000. Our Oahu Real Estate Report looks at both monthly numbers as well as a rolling
3-month period as it provides better indicators of trends that are happening in the market.
There have been moderate changes in median prices in areas across Oahu. However, there are a few areas that have seen continual growth this year
including the single-family areas of Manoa and Pearl City-Aiea. In the condominium market the Waikiki and Kapiolani-University areas have also seen
steady price appreciation this year. We encourage you to research neighborhoods that you are interested in. In addition to the 30 areas highlighted on
the report, Prudential Locations tracks real estate data for over 200 unique neighborhoods across Oahu, many of which have their own unique trends.
For more information on a specific neighborhood, please contact your Prudential Locations agent.
Click Oahu Real Estate Sales Chart To See Full Size:
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