More Like On Sale! Up to 20% off! Look Where the Deals Are!
The Honolulu Board of Realtors recently announced resale statistics for Oahu for the second quarter of 2008. Compared to this time last year, the median single family home price is $636,000, representing a 4.4% decrease. The median price for condominiums/townhomes is $330,000, representing less than a 1% increase from 2007. For specific regions, the median single family homes prices are reported as follows:
Diamond Head
$900,000
Hawaii Kai
$870,000
Kailua
$785,000
Metro Oahu
$710,000
However, a closer look at the resale statistics (Jan-Jun ‘08) shows that there are excellent opportunities for investors in the luxury homes market. For example, in the Portlock, Triangle, and Koko Kai neighborhoods of east Oahu, homes were for sale for up to 305 days and showed significant decreases from the original list to the final sales prices. Check out the numbers for this exclusive area in Hawaii Kai.
