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Hawaii State Overview

Capital: Honolulu

Estimated 2004 population: 1,262,840

Change from 2000: + 51,303

2004 housing units: 482,873

Housing units change from 2000-2004: + 21,180

 

Top Hawaii Cities

Honolulu | Kauai | Lanhaina | Lanai | Maui | Molokai | Oahu

 

Hawaii Economy

Oahu home prices rise 3 percent despite fewer sales

The prices of Oahu homes and condominiums rose about 3 percent in the third quarter but there were fewer sales, according to a new report.

The median price of a single-family home during the period from July 1 to Sept. 30 was $650,000, according to the September report from Prudential Locations.

That was 2.4 percent higher than the same period in 2006, when the median price was $635,000. The median price of a condo during the third quarter was $330,000, a 3.3 percent increase over the third quarter of 2006, when the median price was $319,450.

Oahu real estate market looking good

Sales are up, prices are up and the number of days homes on Oahu are staying on the market are down, all signs that the state's largest real estate market may be gaining strength, according to a new report from Prudential Locations.

The number of single-family homes sold from February to April increased to 924, a 5.6 percent increase over the previous three-month period, when 875 homes sold, according to the report. It was, however, a 3.6 percent decline when compared with the same period in 2006.

Hawaii first-quarter real estate sales is a mixed-bag

Current trends in Maui real estate, depends on location. It depends on whether the property is a single-family home or a condominium. It depends on whether you look at real estate sales volume or at average or median prices.

The results are a mixed bag when compared to the first quarter of the previous year, according to statistics released for the first quarter of 2007 by the Realtors Association of Maui. But, “in a nutshell,” says Terry Tolman, chief staff executive of the Realtors Association of Maui, the “market overall looks steady with minor variations.”
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