Oahu Real Estate Sales Activity – August 2013

Below is the Oahu Real Estate sales activity for the month of August 2013 compared to July 2013 and August of last year. This covers resale homes for Oahu (Honolulu County).

Oahu Single Family Homes sales volume and prices are climbing, after a small drop in July. Low inventory is continuing to put pressure on prices. Many homes are continuing to sell for more than the appraisal and asking price.

Condos and townhouses are seeing steady pressure. Many buyers are rushing to take advantage of prices before they climb higher and before interest rates rise and price them out of the market.

Single-Family Home Resales

Month | Year    | # Sales   | Median Price | Average Price
Aug      | 2013   | 365          | $655,000        | $800,391
July      | 2013   | 290         | $647,500         | $788,955
Aug      | 2012   | 293          | $609,000        | $719,392

Condos/ Townhouse Resales

Month | Year    | # Sales | Median Price | Average Price
Aug      | 2013    | 460       | $350,000       | $436,521
July      | 2013    | 426       | $345,500        | $396,018
Aug      | 2012    | 409       | $320,000       | $366,072
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*Median price means half the prices were above and half below the given price. For additional stats, please contact us.

Data was taken from the Honolulu Board of REALTORS® MLS system. It is deemed to be accurate, but not guaranteed.

About Randy Prothero

Randy works with both buyers and sellers and takes extreme pride in having placed many first time home buyers in homes. He is an area expert for residential real estate and one of a small handful of agents who specialize in working with VA / Military clients. His services are normally free to buyers.

Contact Randy to start the process of buying or selling a home. He will make it a pleasant experience.

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