“Real Estate News for Windward Oahu” with June 2006 Statistics

Published July 2006 

Please check out the Case Study at the bottom of the page – could make you $$$

Hawaii – Oahu – Windward – Real Estate Update
Oahu Median sales price for a single family home that closed in June 2006 was $639,000. Compare to May’s $668,300 April’s $615K, March’s $650K. One year ago the median was $593,300.

We are getting close to the month that will “cross over” - where this year’s median falls below last year’s. This is the beginning of the end of the up cycle. Also realize, those sales that closed in June were largely made in April. We may see some continued fluctuations but the trend is flattening or down. That said, you CAN still ride this wave and get your equity out before we “cross over” last year’s figures. Let us help you do that! We are studying the market every day and it’s still a good time to buy, so we CAN sell your property! If interest rates rise more (about 6.75% today compared to 5.5% a year ago) and that costs a buyer a LOT. (See Case Study below) --- Could be a large part of the reason we’re flattening.