“Real Estate News for Oahu” with August 2006 Statistics

Published September 2006 

Hawaii – Oahu  – Real Estate Update
Oahu Median sales PRICE for a single family home that closed in August was $635,000.  July was $660K, June $639K.  Bouncing around all year. One year ago (Aug 2005) the median was $625,000, so again, my bet is we “crossover” before end of the year on a month where our median is lower this year than last… but it hasn’t happened yet! Still a great time to buy or sell!!

NUMBER of single-family home sales: There were 351 homes CLOSED on Oahu in August compared to July’s 379, June’s 368, May’s 374.  Next month tells the tale: August 2005 there were 455 closings…

Condos sold in August had a median price of $305,000 compared to July’s $329K, June’s $310K, May’s $306K, April’s $296,400, and March’s $312K.  One year ago the median was $282K.  Still bouncing…