Oahu December 2013 Real Estate Condo and Home Sales Report and Historical Graph Data
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Oahu December 2013 Real Estate Condo and Home Sales Report and Historical Graph Data

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Oahu December 2013 Real Estate Condo and Home Sales Report and Historical Graph Data

Oahu December 2013 Real Estate Condo and Home Sales Report and Historical Graph Data

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  • 1. FOR IMMEDIATE RELEASE January 7, 2014 MEDIA CONTACT: Caroline Witherspoon Becker Communications, Inc. (808) 533-4165 SINGLE-FAMILY MEDIAN SALES PRICE MATCHES ALL-TIME HIGH IN DECEMBER, ACCORDING TO THE HONOLULU BOARD OF REALTORS® HONOLULU — The Honolulu Board of REALTORS® released resale figures today for the month of December. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: Single-Family Home Resales Number of Sales December 2013 283 December 2012 291 This Month Compared To Median* Sales Price This Month Compared To $685,000 -2.7% $600,000 +14.2% Median* Sales Price This Month Compared To Condominium Resales Number of Sales December 2013 390 December 2012 401 This Month Compared To $330,000 -2.7% $335,000 -1.5% *Median price means half the prices were above and half below the given price. During December, sales of single-family homes and condominiums decreased by 2.7 percent from December 2012. The median price paid for single-family homes in December increased 14.2 percent over the same month last year to $685,000, matching the market’s all-time high. The median price for condominiums decreased 1.5 percent from December of last year to $330,000. According to the Days on Market indicator, single-family homes were on the market for an average of 22 days and condominiums for 27 days. “Both single-family homes and condominiums recorded a small dip in sales in December, but that is pretty typical for this time of year,” said Julie Meier, president of the Honolulu Board of REALTORS®. “We want to keep our eyes on the median sales price, especially for single-family homes, given that this month’s median price ties the market’s highest peak at $685,000.” (more)
  • 2. News Release / December 2013 Housing Statistics -2The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what's happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both. HiCentral.com provides useful information about buying and selling real estate in Hawaii. Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,500 boards of REALTORS® in the nation and, with over 5,300 members, one of the largest trade organizations on Oahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry who pledge to adhere to a strict Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com. (This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.) ###
  • 3. Closed Sales December-13 OAHU, HAWAII (A count of all properties that have closed in a given month.) 500 457 460 452 +7.4% 450 425 426 409 400 338 343 407 390 363 364 350 342 366 286 300 279 308 304 293 270 290 282 279 291 303 290 290 280 296 283 266 265 250 419 392 +5.6% 371 350 421 411 401 227 243 222 217 200 231 227 +15.5% 217 201 175 150 100 50 Single Family Homes Condos 0 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Closed Sales: Single Family Homes Closed Sales: Condos Closed Sales: Total Jul-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Aug-13 Jul-13 Sep-13 Oct-13 Nov-13 Dec-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 175 217 222 217 243 279 265 293 304 282 290 291 227 201 231 280 266 308 290 366 303 290 296 283 270 445 227 444 338 560 343 560 371 614 342 621 364 629 409 702 350 654 425 707 363 653 401 692 286 513 279 480 411 642 457 737 452 718 392 700 426 716 460 826 421 724 419 709 407 703 390 673 SOURCE: Honolulu Board of REALTORS® , compiled from MLS data. Page 3
  • 4. Median Sales Price December-13 OAHU, HAWAII (The medIan sales price for all closed properties in a given month.) 800,000 +7.4% 700,000 $677,250 $664,000 $625,000 $618,900 600,000 $625,000 $620,000 +5.6% $635,000 $625,000 $609,000 $625,000 $640,000 $637,000 $600,000 $595,000 $600,000 $640,000 $684,000 $675,000 $647,500 $665,000 $685,000 $640,000 $630,000 $600,000 500,000 400,000 $305,000 $319,000 $315,000 +15.5% $340,000 $335,000 $325,000 $320,000 $297,000 300,000 $330,000 $330,000 $325,000 $330,000 $315,000 $315,000 $300,000 $348,000 $345,500 $340,000 $325,000 $319,500 $320,000 $311,750 $350,000 $335,000 200,000 100,000 Single Family Homes Condos Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-12 Median Sales Price : SFH Median Sales Price: Condos Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 618,900 625,000 625,000 600,000 664,000 620,000 635,000 609,000 637,000 625,000 640,000 600,000 595,000 600,000 640,000 625,000 630,000 677,250 647,500 665,000 675,000 640,000 684,000 685,000 305,000 315,000 311,750 319,000 300,000 297,000 320,000 320,000 319,500 325,000 325,000 335,000 315,000 340,000 340,000 335,000 315,000 330,000 345,500 350,000 348,000 325,000 330,000 330,000 SOURCE: Honolulu Board of REALTORS® , compiled from MLS data. Page 4
  • 5. Average Sales Price December-13 OAHU, HAWAII (The average sales price for all closed sales in a given month.) 1,000,000 +7.4% 900,000 $874,276 $855,199 $813,421 $810,373 $798,573 800,000 $726,080 700,000 $778,390 $729,172 $727,214 $788,955 $781,700 $828,000 $800,391 $797,561 +5.6% $747,016 $773,316 $768,405 $857,718 $805,205 $772,860 $719,392 $719,412 $682,616 $660,843 600,000 500,000 +15.5% $388,454 400,000 $377,534 $366,072 $351,596 $352,083 $403,538 $399,523 $383,538 $373,740 $365,912 $358,633 $359,316 $415,685 $436,521 $389,004 $395,353 $393,083 $397,798 $387,592 $355,635 $396,018 $376,004 $375,914 $368,279 300,000 200,000 100,000 Single Family Homes Condos Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-12 Average Sales Price: SFH Average Sales Price: Condos Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 682,616 726,080 747,016 727,214 798,573 719,412 729,172 719,392 768,405 813,421 773,316 855,199 660,843 778,390 810,373 805,205 781,700 797,561 788,955 800,391 828,000 772,860 874,276 857,718 352,083 388,454 359,316 377,534 358,633 351,596 365,912 366,072 375,914 403,538 373,740 393,083 383,538 395,353 399,523 415,685 389,004 376,004 396,018 436,521 397,798 355,635 368,279 387,592 SOURCE: Honolulu Board of REALTORS® , compiled from MLS data. Page 10