Oahu Real Estate Market Finishes Strong in 2010

The Honolulu Board of Realtors recently released their stats for December and year end for 2010. Both sets of data ended on an upswing.

Oahu Single Family Home Sales in December:

• There were 306 sales, which was up 12.5% from December of 2009
• The median sales price was $587,000, which was up 5.8% from December of 2009

Oahu Condo Sales in December:

• There were 341 sales, which was down 2.6% from December of 2009
• The median sale price was $303,000, which was up 0.2% from 2009

Oahu Single Family Home Sales for Year End:

• There were 3,051 sales, which was up 13.4% from 2009
• The median sales price was $592,750, which was up 3.1% from 2009

Oahu Condo Sales for Year End:

• There were 3,934 sales, which was up 10.3% from 2009
• The median sales price was $305,000 which remained the same as 2009

Buyers took advantage of low interest rates, and sellers realized some appreciation for a change. As we head into 2011, contact us to help your New Year’s real estate resolutions come true.