The Honolulu Board of REALTORS® released the following resale figures for the month of August 2010. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:
| Single Family | # of Sales | Median Price |
| Current Month | 224 | $645,239 |
| Last Month | 269 | $604,500 |
| This Month Last Year | 239 | $560,000 |
| Condominium | # of Sales | Median Price |
| Current Month | 289 | $307,500 |
| Last Month | 327 | $300,000 |
| This Month Last Year | 348 | $290,000 |
During August, sales of 224 single-family homes and 289 condominiums were reported through the Board’s MLS, decreases of 6.3 percent and 17.0 percent, respectively, from August 2009. The median price paid for island properties was $645,239 for single-family homes and $307,500 for condominiums, an increase of 15.2 percent for single-family homes and 6.0 percent for condos, compared to the same month last year.
According to the Days on Market indicator, sales also closed faster in August with single-family homes listing for 32 days, down from 49 days, and condominiums down to 33 days from 53.
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.
Click HERE to download the complete statistical report. |
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Posted on September 12, 2010
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