Hawaiian Americana Realty, Inc

April 2012 Residential Resales Statistics - 'Median price paid for condominiums increased 4.6 perecnt

During April, sales of 217 single-family homes and 343 condominiums were reported through the Board’s MLS, decreases of 5.2 percent and 9.5 percent, respectively, from April 2011. The median price paid for island properties in April was $600,000 for single-family homes and $319,000 for condominiums, increases of 2.6 percent and 4.6 percent, respectively, compared to the same month last year. According to the Days on Market indicator, sales for single-family homes were accepted at a faster pace last month compared to a year ago, with single-family properties listing for 30 days; condominiums were also accepted in a shorter amount of time, listing for just 33 days.

“We’re continuing to see a steady month-over-month increase in the number of condominiums resales, which is good news for Hawaii’s real estate market,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “Home prices tend to increase every spring, but the fact that we’ve seen a year-over-year increase in both condominium and single family home prices is an indication that the market is continuing to recover.”

Download 04_2012_Oahu_Stats_market

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The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what's happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both. HiCentral.com provides useful information about buying and selling real estate in Hawaii.

Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,500 boards of REALTORS® in the nation and, with over 5,600 members, one of the largest trade organizations on Oahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry pledged to adhere to a strict Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com.

(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)

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Hawaiian Americana Realty, Inc | Mark Howard – Owner/ Broker/Founder – RB 20384
1888 Kalakaua Ave., C312
Honolulu, HI 96815
Phone 808-791-2923

March 2012 Residential Resales Statistics - Median price paid for island properties in March was $625,000 for single-family homes, an increase of 13.9 percent

During March, sales of 222 single-family homes and 338 condominiums were reported through the Board’s MLS, a decrease of 10.8 percent and an increase of 2.1 percent, respectively, from March 2011. The median price paid for island properties in March was $625,000 for single-family homes and $311,750 for condominiums, an increase of 13.9 percent and a decrease of 1.0 percent, respectively, compared to the same month last year.

According to the Days on Market indicator, sales for single-family homes were accepted at a slower pace last month compared to a year ago with single-family properties listing for 44 days; condominiums were accepted in a shorter amount of time, listing for 39 days, down from 46.

Download 03_2012_Oahu_Stats_PR

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*Reports and Press Release scheduled to be released the morning of April 9th, 2012 by the Honolulu Board of REALTORS®. Not for public distribution until after that time. Questions regarding this statistical report should be directed to Honolulu Board of REALTORS® at info@hicentral.com. Statistical graphs or charts (and data) prepared by the Honolulu Board of REALTORS® may not be released to the media without the express permission of the Board of Directors of the Honolulu Board of REALTORS®. - MLS Rules & Regulations, Section 12.3(b)4.

 

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Hawaiian Americana Realty, Inc | Mark Howard – Owner/ Broker/Founder – RB 20384
1888 Kalakaua Ave., C312
Honolulu, HI 96815
Phone 808-791-2923

February 2012 Residential Resales Statistics - “February was an extremely strong month in the single-family housing market,” said Joe Paikai, president of the Honolulu Board of REALTORS®.

During February, sales of 217 single-family homes and 227 condominiums were reported through the Board’s MLS, an increase of 19.9 percent and a decrease of 23.1 percent, respectively, from February 2011.

The median price paid for island properties in February was $625,000 for single-family homes and $315,000 for condominiums, an increase of 9.6 percent and a decrease of 1.6 percent, respectively, compared to the same month last year. According to the Days on Market indicator, sales for singlefamily homes were accepted at a faster pace last month compared to a year ago with single-family properties listing for 34 days; condominiums were accepted in a longer amount of time, listing for 40 days, up from 36.

“February was an extremely strong month in the single-family housing market,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “We saw significant increases in both the number of sales and the median sales prices compared to February of last year. It is also encouraging to see the median sales prices of both single-family homes and condos continue to rise.”

Download 02_2012_Oahu_Stats_PressRelease

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*Reports and Press Release scheduled to be released the morning of March 6, 2012 by the Honolulu Board of REALTORS®. Not for public distribution until after that time. Questions regarding this statistical report should be directed to Honolulu Board of REALTORS® at info@hicentral.com. Statistical graphs or charts (and data) prepared by the Honolulu Board of REALTORS® may not be released to the media without the express permission of the Board of Directors of the Honolulu Board of REALTORS®. - MLS Rules & Regulations, Section 12.3(b)4.

 

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Hawaiian Americana Realty, Inc | Mark Howard – Owner/ Broker/Founder – RB 20384
1888 Kalakaua Ave., C312
Honolulu, HI 96815
Phone 808-791-2923

January 2012 Residential Resales Statistics - Median Condo Price Increase 1.9% and 8.6% Increase for Single Family Homes

During January, sales of 175 single-family homes and 270 condominiums were reported through the Board’s MLS, a decrease of 12.1 percent and an increase of 1.9 percent, respectively, for single-family homes and condominiums from January 2011.

The median price paid for island properties in January was $618,900 for single-family homes and $305,000 for condominiums, increases of 8.6 percent and 1.9 percent, respectively, compared to the same month last year.

According to the Days on Market indicator, sales for single-family homes closed at a slower pace last month compared to a year ago with single-family properties listing for 50 days, up from 38; condominiums closed at a quicker pace, listing for 45 days, down from 49.

Download 01_2012_Oahu_Stats

*Reports and Press Release scheduled to be released the morning of February 7, 2012 by the Honolulu Board of REALTORS®. Not for public distribution until after that time. Questions regarding this statistical report should be directed to Honolulu Board of REALTORS® at info@hicentral.com. Statistical graphs or charts (and data) prepared by the Honolulu Board of REALTORS® may not be released to the media without the express permission of the Board of Directors of the Honolulu Board of REALTORS®. - MLS Rules & Regulations, Section 12.3(b)4.

 

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Hawaiian Americana Realty, Inc | Mark Howard – Owner/ Broker/Founder – RB 20384
1888 Kalakaua Ave., C312
Honolulu, HI 96815
Phone 808-791-2923

December 2011 Residential Resales Statistics * * ". . . Total condominium sales through December were 4,029, a 1.3 percent increase from last year."

During December, sales of 268 single-family homes and 333 condominiums were reported through the Board’s MLS, a decrease of 14.1 percent for single-family homes and a decrease of 6.5 percent for condominiums, compared to the same month last year. This brings total single-family home sales on Oahu to 2,974 for the year of 2011, a decrease of 2.7 percent over one year ago. Total condominium sales through December were 4,029, a 1.3 percent increase from last year. The median price paid for island properties in the year of 2011 was $605,000 for single-family homes and $285,000 for condominiums, an increase of 3.4 percent and a decrease of 6.5 percent, respectively, from December 2010. According to the Days on Market indicator, single-family home sales closed at a faster pace last month compared to December 2010 listing for 35 days, down from 38. Condominiums closed at a slower pace last month compared to December 2010 listing for 52 days, up from 43.

“Although home and condominium sales for December 2011 took a small dip compared to last year, we are seeing prices rise for single-family homes,” said Joe Paikai, newly-elected President of the Honolulu Board of REALTORS®. “We’ve also noticed that particular neighborhoods have made significant jumps in sales compared to last year. This is a good sign for Honolulu as a whole; we expect to see this rise in sales spread as the economy continues to recover.”

(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)

Download 2011_December_HBR_MarketReport

Download HBRAnnualReport_2011

 

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Hawaiian Americana Realty, Inc | Mark Howard – Owner/ Broker/Founder – RB 20384
1888 Kalakaua Ave., C312
Honolulu, HI 96815
Phone 808-791-2923

November 2011 Residential Resales Statistics * * ". . . We are pleased to see that sales of both single-family homes and condominiums have increased compared to last year"

During November, sales of 251 single-family homes and 333 condominiums were reported through the Board’s MLS, increases of 1.2 percent and 5.4 percent, respectively, for single-family homes and condominiums from November 2010. The median price paid for island properties in November was $580,000 for single-family homes and $295,000 for condominiums, an increase of 1 percent for singlefamily homes and a decrease of 5.4 percent for condominiums compared to the same month last year.

According to the Days on Market indicator, sales of single-family homes and condominiums closed at a faster pace last month compared to a year ago, with homes listing for 35 days and  condominiums listing for 42 days.

“We are pleased to see that sales of both single-family homes and condominiums have increased
compared to last year. In fact, this is the fourth month in a row that condominium sales have been up, as buyers take advantage of lower prices and quicker deals and the inventory clears out,” said Joyce Nakamura, President of the Honolulu Board of REALTORS®. “This is pretty positive news given that November is historically one of the slowest months for real estate sales."

(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)

Download 2011_November_HBR_MarketReport

 

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Hawaiian Americana Realty, Inc | Mark Howard – Owner/ Broker/Founder – RB 20384
1888 Kalakaua Ave., C312
Honolulu, HI 96815
Phone 808-791-2923

Honolulu housing market ranks in nation’s top 15

Honolulu’s residential real estate market was among the 15 top-performing markets in the nation during the first 11 months of the year, according to the Home Data Index Market report by Clear Capital.

The report notes that quarter-over-quarter home prices in the United States remained flat

“The overall market stability in this month’s report gives me hope that housing markets are settling after a very turbulent two years,” Alex Villacorta, director of research and analytics at Clear Capital, said in a statement. “Although many of the nation’s major markets are experiencing no significant movement in prices, there are still several micro markets that are underperforming the overall market due to high levels of REO saturation.”

Among the top 15 markets, Honolulu had one of the lower percentages for REO saturation — or the number of bank repossessions in the market — at 9.9 percent, the report found.

Honolulu also showed a 1.9 percent quarter-over-quarter price gain, which ranked it at No. 14 among the top 15 markets, between the Cincinnati and Cleveland markets in Ohio.

Washington, D.C., was the nation’s top market with a 4.8 percent quarter-over-quarter gain in home prices, followed by Hartford, Conn., Denver, Orlando, Fla., and Houston.

Pacific Business News
Date: Thursday, December 8, 2011, 10:13am HST
Related: Residential Real Estate, Honolulu

September Waikiki Market Update - Average Condo Prices Increase 5.2% YTD

During September, sales of 284 single-family homes and 364 condominiums were reported through the Board’s MLS, increases of 4 percent and 19 percent, respectively, for single-family homes and condominiums from September 2010. The median price paid for island properties in September was $570,000 for single-family homes and $316,500 for condominiums, decreases of 8.1 percent for singlefamily homes and 4.1 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 31 days. Condominiums closed at a slower pace last month compared to a year ago, listing for 39 days.

“We’re encouraged by September’s numbers, with the number of sales of both single-family homes and condominiums increasing over last year,” said Joyce Nakamura, President of the Honolulu Board of REALTORS®. “The fact is that consumers are purchasing properties that are appropriately priced for today’s market. And while it appears that that foreclosures and short sales are continuing to drive prices down, the good news is that there are a lot of great buys out there, especially given current low interest rates.”

August Waikiki Market Update - Average Condo Prices Increase 42.6%

Average Sales Price

AUGUST 
2010               2011               Change
$250,182               $356,696               + 42.6%

 

YEAR TO DATE
2010               2011               Change
$317,894               $333,976               + 5.1%

 

During August, sales of 279 single-family homes and 338 condominiums were reported through theBoard’s MLS, increases of 20.8 percent for single-family homes and 15 percent for condominiums from August 2010. The median price paid for island properties in August was $557,500 for single-family homes and $300,000 for condominiums, decreases of 13.1 percent for single-family homes and 1 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 31 days.  Condominiums closed at a slower pace last month compared to a year ago, listing for 41 days.“The double-digit increases in sales of both single-family homes and condominiums are positive signs for the Hawaii market,” said Joyce Nakamura, President of the Honolulu Board of REALTORS®. “We’re cautiously optimistic that this reflects a glimmer of consumer confidence, especially among the lowerpriced single-family homes, which is where we often see condo buyers entering the single-family market.”

 

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