Your home in Hawaii
Hawaii's housing market remains stable and presents great potential to homebuyers. Explore Hawaii's properties and find the right home. View Hawaii's active real estate listings with our Oahu MLS search.
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Visit our Hawaii Real Estate Frequently Asked Questions page for answers to your real estate questions.
What's an MLS?
MLS is an abbreviation for "Multiple Listing Service." These are the services that provide listing information to realtors and their customers throughout the country. Each region has its own MLS system. In Hawaii, the largest MLS system is run by the Honolulu Board of Realtors. Listings are primarily for the island of Oahu, we also have listings for Maui, Kauai and the Big Island.
Experience with Hawaii's real estate market
Mike Bates is a Realtor Associate with Savvy Realty & Loans, in Honolulu, Hawaii. Are you looking for a realtor that knows Hawaii? Mike's lived on Oahu for over 25 years. He's also lived on Maui, the Big Island and Molokai. Mike's primary market is Oahu properties. Current listings are at Ala Moana and Kaneohe.
Buying homes in Hawaii
We assist residents and newcomers alike in finding homes. We can help you decide what location and home fits your lifestyle and budget. Mike is ready to help with your home purchase and offers a $500 buyers rebate, guaranteed in writing. See our Hawaii Home Buyers page for more information.
Selling your Hawaii home
Our marketing program includes extensive internet advertising as well as the local newspapers. Your property will be a featured listing on our website. Thousands of homebuyers will see your home when they search for Hawaii real estate. Find out more by visiting our Hawaii Home Sellers page.
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Released: Thursday, May 1, 2008
HONOLULU - Today, the Honolulu Board of REALTORS® released resale figures for the month of April. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:
|
April 2008 Residential Resales Statistics for Oahu
Single Family Home Resales |
|
Number of
Sales |
This Month
Compared To |
|
Median*
Sales Price |
This Month
Compared To |
| April, 2008 |
256 |
|
|
$ 639,000 |
|
| March, 2008 |
|
|
|
$ 628,000 |
up 1.8% |
| April, 2007 |
342 |
dn 25.1% |
|
$ 665,000 |
dn 3.9% |
Condominium Resales |
|
Number of
Sales |
This Month
Compared To |
|
Median*
Sales Price |
This Month
Compared To |
| April, 2008 |
384 |
|
|
$327,000 |
|
| March, 2008 |
|
|
|
$329,300 |
dn 0.7% |
| April, 2007 |
527 |
dn 27.1% |
|
$325,000 |
up 0.6% |
|
|
*Median price means half the prices were above and half below the given price. |
During April, sales of 256 single-family homes and 384 condominiums were reported through the Board’s MLS, decreases of 25.1 percent for single-family homes and 27.1 percent for condominiums, compared to the same month last year. This brings total single family home sales on Oahu to 929 for the first four months of 2008, a decrease of 23.0 percent over the same time period one year ago. Total condominium sales through April were 1,421, a 24.7 percent decrease from last year. The median prices paid for Oahu properties in the first four months of 2008 were $625,000 and $329,000, respectively, a decrease of 0.8 percent for single-family homes from the same time period in 2007 and an increase of 2.2 percent for condominiums. The total dollar sales volume generated in the housing market for the first four months of this year was $1.311 billion, a decrease of 21.2 percent, or $352 million, compared to the $1.663 billion produced one year ago.
“Median prices are holding pretty firm in the current Oahu housing market, at $639,000 and $327,000, in April,” sad Dana Chandler, President of the Honolulu Board of REALTORS®. “This contrasts with the significant losses of home values in Mainland cities tied mostly to the continuing credit crunch. We continue to be fortunate that this is still a stable environment for both buyers and sellers.”
“April’s data shows that there is enough demand, albeit lower than last year, to maintain our residential price levels,” added Harvey Shapiro, Research Economist at the Board of REALTORS®. “The U.S. Federal Reserve cut overnight interest rates this week by only 25 basis points, but this is seen as a positive move for the housing industry.” | | |
Hawaii Association of Realtors | Honolulu Board of Realtors | National Association of Realtors
