There is some good news. Oahu saw a 9.5% increase in the number of sales for June 2009 compared to June of 2008 for single family homes. The median property price dropped by 9% for the same time periods. More buyers are starting to take advantage of the lower prices and historic low interest rates. If this keeps up it should stablize prices.
| Oahu Home Sales June 2008 vs. 2009 | |||||
| # Sales & Median $$ | |||||
| Neighborhood | 2008 | 2009 | 2008 2009 | ||
| Honolulu | 9 | 12 | $ 494,000 | $ 600,000 | |
| Waialae-Kahala | 8 | 7 | $1,445,400 | $ 1,387,500 | |
| Kapahulu-Diamond Head | 9 | 15 | $ 790,000 | $ 780,000 | |
| Hawaii Kai | 15 | 15 | $ 870,000 | $ 750,000 | |
| Aina Haina-Kuliouou | 3 | 3 | $ 760,000 | $ 1,246,500 | |
| Kailua-Waimanalo | 32 | 20 | $ 752,500 | $ 712,500 | |
| Kaneohe | 8 | 7 | $ 644,000 | $ 619,000 | |
| Moanalua-Kalihi | 14 | 11 | $ 494,000 | $ 600,000 | |
| North Shore | 2 | 7 | $1,937,500 | $ 873,000 | |
| Wahiawa | 3 | 4 | $ 352,500 | $ 345,000 | |
| Mililani | 28 | 17 | $ 626,800 | $ 570,000 | |
| Makaha-Nanakuli | 12 | 18 | $ 416,000 | $ 282,000 | |
| Ewa-Kapolei-Ko Olina | 44 | 49 | $ 443,500 | $ 4588,000 | |
| Makakilo | 4 | 10 | $ 690,000 | $ 487,500 | |
| Waipahu | 14 | 27 | $ 577,500 | $ 520,000 | |
| Pearl City-Aiea | 17 | 12 | $ 678,000 | $ 555,000 | |
The condo sales were not as good as the home sales. The number of condo sales dropped by 17.5% in June of 2009 compared to June of 2008. The prices were down 5.3% compared to last June. Not as big a drecrease as single family homes.
| Oahu Condo Sales June 2008 vs. 2009 | |||||
| # Sales & Median $$ | |||||
| Neighborhood | 2008 | 2009 | 2008 2009 | ||
| Waikiki | 76 | 43 | $ 300,000 | $ 247,000 | |
| Downtown -Nuuanu | 24 | 25 | $ 468,000 | $ 340,000 | |
| Kapahulu-Kuliouou | 10 | 11 | $ 406,000 | $ 435,000 | |
| Hawaii Kai | 13 | 19 | $ 600,000 | $ 426,000 | |
| Maikiki - Moiliili | 54 | 41 | $ 301,000 | $ 320,000 | |
| Kailua-Waimanalo | 10 | 10 | $ 507,500 | $ 392,500 | |
| Kaneohe | 11 | 13 | $ 398,000 | $ 365,000 | |
| Moanalua-Salt Lake | 17 | 13 | $ 300,000 | $ 247,000 | |
| North Shore | 3 | 2 | $ 300,000 | $ 217,500 | |
| Wahiawa | 0 | 0 | $ 0 | $ 0 | |
| Mililani | 27 | 29 | $ 365,000 | $ 280,000 | |
| Makaha-Nanakuli | 4 | 5 | $ 161,000 | $ 122,000 | |
| Ewa-Kapolei-Ko Olina | 16 | 17 | $ 281,200 | $ 270,000 | |
| Makakilo | 7 | 4 | $ 302,000 | $ 212,500 | |
| Waipahu | 24 | 17 | $ 282,800 | $ 235,000 | |
| Pearl City-Aiea | 27 | 20 | $ 285,000 | $ 283,500 | |