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*Recent
Oahu Real Estate Report:*
Here are highlights for this month's report:
The third quarter of 2008 saw fewer real estate transactions
compared to the third quarter of last year, with 23.7% less
single-family homes
being sold and 22.8% fewer condominiums. Home prices experienced
a dip of about 3.8% to $625,000, and condominium median
sales
prices showed a slight 1.5% decrease for the first time
this year to $325,000 compared to last year’s levels.
Several market areas for single-family homes saw a considerable
increase in median price numbers in the past three months
compared to last
year. Areas that have seen the greatest increases include
Nuuanu-Makiki with a 12.3% increase to $800,000 and North
Shore increasing
18.2% to $862,500. For condominiums, the Downtown-Nuuanu
area has increased 15% to $412,500, Ewa increased 13.7%
to $330,950
and Waikiki, which continues it’s steady price appreciation
this year, has increased 7.5% to $288,000.
Resales
June-Sept. 08 - % Change -
Median Price
Single-Family
715
-23.6%
$625,000
Condominium 1,022
-22%
$325,000
Current
Oahu Real Estate Statistics
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Oahu,
Hawaii
Oahu is Hawaii's third biggest island with an area of 600 square
miles. It is dwarfed by the sheer size of the aptly named "
Big Island " and yet Oahu is home to roughly three-quarters
of the state's population. Almost 900,000 people call Oahu home
and half of these live in the narrow strip on the southeast coast,
namely Honolulu and Waikiki. This is the financial hub of Oahu
and is greatly responsible for keeping Hawaii's economy going.
Honolulu and Waikiki have no shortage of tourist attractions.
They range from Honolulu's State Capitol, museums and churches
to Waikiki's beaches, Diamond Head and many spectacular shops.
Other
then these two important cities, Oahu can be divided into five
regions. These consist of Central Oahu, the Leeward Coast, Southeast
Oahu, Windward Oahu and the North Shore.
Visit
my Informational Resource links to see Oahu Hawaii house prices,
Oahu Real Estate sales and
Hawaii Real Estate Statistics.
Compare Honolulu Realtor's, Waikiki homes, get Hawaii
price comparisons. View properties for sale. Get data
on neighborhoods that interest you such as schools,
average incomes, neighborhood photos & more.
I service the entire island of Oahu so you have the largest selection
of properties available for your viewing from Hawaii Kai, Honolulu,
Waikiki, Ewa Beach, Kapolei, Ko-Olina, Mililani, Pearl City, North
Shore, Kahala, Kaneohe, Waimanalo Beach, and the Waianae Coast.
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