Oahu Sales Volume and Prices Higher in March

The sales volume on Oahu continued to gain steam outpacing 2009 again. Single family home sales were up 32.1% and condo sales were up 36.4%. Prices were also slightly up with 4.2% appreciation on homes and 3.3% appreciation for condos. While volume and prices were heading up, inventory was down 23.8% across the board compared to March of last year.

Download March 2010 Oahu Sales Stats (PDF):

• Monthly Indicators
• Local Market Updates
• Hawaii Housing Outlook

Sellers are also fairing better than they did a year ago, realizing 95.7% of asking prices for homes and 94.5% for condos across the board. In my opinion, this was driven by 3 factors:

1. Lower inventory
2. More buyers in the marketplace with the tax credits
3. Sellers have become more realistic in their asking prices

If you were a seller that was unsuccessful in selling your property last year, now may be the time! Today’s market trends coupled with Hawaii Life’s proven Smart Marketing and Solid Representation can help you get your place SOLD while the market is hot!