2009 December Honolulu Real Estate Update

Oahu had a 36.6% increase in the number of sales for December

2009 compared to December of 2008 for single family homes, Oahu’s median
property price decreased by approximately 12.2% for the same time periods. The
market is showing signs of improvement but you can’t base a complete recovery
based on month.

Home Sales
December 2008 vs. 2009

# Sales & Median $$

Neighborhood 2008 2009 2008 – 2009

Honolulu 20 18 $ 812,000 $ 881,000

Waialae-Kahala 12 07 $1,285,000 $ 1,430,000

Kapahulu-Diamond Head 13 19 $ 780,000 $ 715,000

Hawaii Kai 13 18 $ 784,000 $ 885,000

Aina Haina-Kuliouou 06 06 $ 847,000 $ 1,561,000

Kailua-Waimanalo 15 20 $ 715,000 $ 792,000

Kaneohe 15 12 $ 629,000 $ 618,250

Moanalua-Kalihi 11 08 $ 599,000 $ 474,000

North Shore 01 05 $ 554,000 $ 787,000

Wahiawa 03 05 $ 360,000 $ 480,000

Mililani 17 16 $ 610,000 $ 559,500

Makaha-Nanakuli 06 13 $ 325,500 $ 245,000

Ewa-Kapolei-Ko Olina 33 49 $ 438,000 $ 420,000

Makakilo 07 14 $ 545,000 $ 433,500

Waipahu 12 28 $ 502,500 $ 490,000

Pearl City-Aiea 06 14 $ 604,500 $ 548,500

Honolulu condo sales were better last month and increased by
43.6% in December of 2009 compared to December of 2008, Oahu’s condo prices
were down by 1.6% compared to
December 2008.

Honolulu Condo
Sales December 2008 vs. 2009

# Sales & Median $$

Neighborhood 2008 2009 2008 - 2009

Waikiki 39 66 $ 220,000 $ 281,000

Downtown –Nuuanu 18 27 $ 385,000 $ 312,000

Kapahulu-Kuliouou 05 10 $ 150,000 $ 502,500

Hawaii Kai 13 20 $ 480,000 $ 458,200

Maikiki – Moiliili 37 46 $ 298,000 $ 294,750

Kailua-Waimanalo 05 05 $ 363,000 $ 317,000

Kaneohe 10 15 $ 296,000 $ 386,500

Moanalua-Salt Lake 15 16 $ 280,000 $ 263,650

North Shore 02 02 $ 208,500 $ 230,000

Wahiawa 01 02 $ 147,000 $ 140,000

Mililani 18 18 $ 317,500 $ 272,500

Makaha-Nanakuli 03 09 $ 190,000 $ 100,000

Ewa-Kapolei-Ko Olina 11 22 $ 255,000 $ 263,500

Makakilo 06 08 $ 243,500 $ 239,500

Waipahu 11 22 $ 265,000 $308,750

Pearl City-Aiea 25 26 $ 310,000 $ 270,000

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