Thursday, July 24, 2014         

 Print   Email   Comment | View 6 Comments   Most Popular   Save   Post   Retweet

Oahu home sales volume & price fall in Feb. from year ago

By Star-Advertiser Staff

LAST UPDATED: 11:48 a.m. HST, Mar 07, 2013

The volume of sales and median price for existing single-family homes on Oahu fell in February from the same month a year ago, the Honolulu Board of Realtors reported today.

There were 201 single-family homes sold during the month, down 7.4 percent from 217 sold in February 2012. The median sales price fell to $600,000, a 4 percent decline from $625,000 a year earlier.

Sales volume and median prices for condominiums, meanwhile, rose from a year ago. There were 279 condos sold last month, up 22.9 percent from 227 in February 2012. The median price rose to $340,000 from $315,000, an increase of 7.9 percent.

The Board of Realtors also reported that both single-family homes and condos sold at a faster pace in February  compared with a year earlier. Single-family homes and were on the market for 25 days in February, down from 32 days a year earlier. Condos were on the market for 34 days, down from 43 days a year earlier.

 Print   Email   Comment | View 6 Comments   Most Popular   Save   Post   Retweet

You must be subscribed to participate in discussions
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may receive a warning, and if you persist with such comments you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.
Leave a comment

Please login to leave a comment.
Hapa_Haole_Boy wrote:
This doesn't explain what the decreases are attributable to. I suspect, like last month's year-over-year decline in median price, that it's because more homes are being sold in distressed areas like Ewa/Kapolei, dragging the median price down.
on March 7,2013 | 09:27AM
allie wrote:
agree..west side is far less desirable
on March 7,2013 | 10:49AM
aomohoa wrote:
Obviously you don't know the nicest new area of Ewa Beach. Don't bother to check them out, you will never afford a house as nice. Just go back to ND and by a house for $150,000 someday. Your now a million home owner. Obviously any one who says anything negative about Ewa Beach has never been to KaMakana. I have owned many homes in my life and this is the most beautiful well built home ever in the most beautiful community.
on March 7,2013 | 11:51AM
Maneki_Neko wrote:
Nice commute, too.
on March 7,2013 | 12:42PM
kainalu wrote:
Yep. The value of buying homes in this area, central Oahu and the Waianae Coast are seriously decreasing primarily due to one single reason - traffic, otherwise, a quality-of-life issue. The average morning drive-time into Honolulu from anywhere West of the Kunia interchange, so all of Kapolei, is upwards of an hour between 0600 and 0800. Reverse that for coming home, a person that lives out in these areas can lose upwards of 10-hours a 5-day work-week sitting in traffic.
on March 7,2013 | 10:51AM
kainalu wrote:
It begs to question: why are values from the Real Property Assessment Division increasing then? You know, the assessment that determines how much property tax you owe.
on March 7,2013 | 10:47AM
Breaking News