Oct. 7, 2009
September Oahu Real Estate Market Update
Oahu had a 13.5% increase in the number of sales for September 2009 compared to Septembert of 2008 for single family homes. Oahu's median property price increased by approximately 1.7% for the same time periods. The market is showing signs of improvement but, you can not base a complete recovery based on month.
| Home Sales September 2008 vs. 2009 | |||||
| # Sales & Median $$ | |||||
| Neighborhood | 2008 | 2009 | 2008 - 2009 | ||
| Honolulu | 14 | 15 | $ 885,000 | $ 695,000 | |
| Waialae-Kahala | 7 | 7 | $1,200,000 | $ 1,150,000 | |
| Kapahulu-Diamond Head | 10 | 13 | $ 853,000 | $ 665,000 | |
| Hawaii Kai | 7 | 25 | $ 665,000 | $ 830,000 | |
| Aina Haina-Kuliouou | 5 | 7 | $ 3,150,000 | $ 1,350,000 | |
| Kailua-Waimanalo | 20 | 19 | $ 704,500 | $ 810,000 | |
| Kaneohe | 17 | 21 | $ 725,000 | $ 660,000 | |
| Moanalua-Kalihi | 9 | 10 | $ 650,000 | $ 622,500 | |
| North Shore | 6 | 5 | $1,047,500 | $ 600,000 | |
| Wahiawa | 5 | 6 | $ 413,000 | $ 360,000 | |
| Mililani | 19 | 11 | $ 635,000 | $ 780,000 | |
| Makaha-Nanakuli | 15 | 12 | $ 325,000 | $ 270,500 | |
| Ewa-Kapolei-Ko Olina | 42 | 35 | $ 445,000 | $ 445,000 | |
| Makakilo | 8 | 11 | $ 624,000 | $ 510,000 | |
| Waipahu | 13 | 17 | $ 511,000 | $ 493,000 | |
| Pearl City-Aiea | 15 | 24 | $ 610,000 | $ 582,500 | |
Oahu condo sales were better last month and increased by 13.1% in September of 2009 compared to September of 2008. Oahu's condo prices were also up by 3% compared to September 2008.
| Oahu Condo Sales September 2008 vs. 2009 | |||||
| # Sales & Median $$ | |||||
| Neighborhood | 2008 | 2009 | 2008 2009 | ||
| Waikiki | 78 | 64 | $ 248,800 | $ 267,000 | |
| Downtown -Nuuanu | 31 | 26 | $ 350,000 | $ 360,000 | |
| Kapahulu-Kuliouou | 10 | 5 | $ 420,000 | $ 330,000 | |
| Hawaii Kai | 17 | 19 | $ 511,000 | $ 510,000 | |
| Maikiki - Moiliili | 47 | 53 | $ 289,000 | $ 304,750 | |
| Kailua-Waimanalo | 8 | 12 | $ 497,000 | $ 426,000 | |
| Kaneohe | 12 | 18 | $ 420,000 | $ 345,500 | |
| Moanalua-Salt Lake | 9 | 11 | $ 292,000 | $ 300,000 | |
| North Shore | 3 | 1 | $ 285,000 | $ 207,500 | |
| Wahiawa | 2 | 1 | $ 173,500 | $ 137,000 | |
| Mililani | 27 | 17 | $ 297,000 | $ 294,000 | |
| Makaha-Nanakuli | 9 | 9 | $ 145,000 | $ 100,000 | |
| Ewa-Kapolei-Ko Olina | 17 | 26 | $ 270,000 | $ 250,000 | |
| Makakilo | 7 | 7 | $ 247,200 | $ 235,000 | |
| Waipahu | 12 | 22 | $ 265,000 | $275,000 | |
| Pearl City-Aiea | 24 | 29 | $ 307,800 | $ 224,000 | |
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