"Real Estate News for Oahu" with February 2006 Statistics

Published March 2006

Hawaii – Oahu – Real Estate Update
Oahu Median sales price for a single family home that closed in February was $613,500, slightly down from January’s $615,000. Inventory is growing dramatically (see below). It’s still a high median price compared to February 2005’s $525,500. The # of sales of homes was only 248 last month… 303 homes sold in January.

Oahu Condos median price of $315,000 compares to January’s $295K. Condo market still strong, especially Windward. See Days on market below…  487 condos closed last month compared to January’s 504. Numbers of sales keep dropping.