"Real Estate News for Windward Oahu" with July 2006 Statistics

Published August 2006

Hawaii – Oahu – Windward – Real Estate Update
Oahu Median sales PRICE for a single family home that closed in July 2006 was $660,000.  Compare to June’s $639,000, May’s $668,300 April’s $615K, March’s $650K. Bouncing back and forth, isn’t it?? One year ago the median was $599,000. Anyone want to make a bet on where the “crossover” occurs?

NUMBER of single-family home sales: There were 379 homes CLOSED in July compared to June’s 368, May’s 374, April’s 332 & March’s 392.  Next month tells the tale: August 2005 there were 455 closings…

Condos sold in JULY had a median price of $329,000 compared to June’s $310K, May’s $306K, April’s $296,400, and March’s $312K. One year ago the median was $270K. I’m betting more than 4 months to “crossover” in condos.