Hawaii real estate by Bonnebaker

Median sales prices and the number of sales in the Oahu residential real estate market were both up in March, according to resale figures released today by the Honolulu Board of REALTORS®. According to the
analysis conducted by the Board, using data collected from its computerized Multiple Listing Service
(MLS) system, the statistics are:
Single-Family Home Resales
Number of          This Month              Median*                This Month
Sales               Compared To          Sales Price            Compared To

March 2010             251                                                 $ 599,000
February 2010         178                                                 $ 576,000
March 2009             190                   up 32.1%                $ 575,00                 up 4.2%
Condominium Resales

Number of          This Month              Median*                This Month
Sales               Compared To          Sales Price            Compared To

March 2010           352                                                  $310,000
February 2010       242                                                  $300,000
March 2009           258                    up 36.4%                $300,000                up 3.3%
*Median price means half the prices were above and half below the given price.
During March, sales of 251 single-family homes and 352 condominiums were reported through the
Board’s MLS, an increase of 32.1 percent for single-family homes and an increase of 36.4 percent for
condominiums, compared to the same month last year. The median prices paid for island properties in the
March was $599,000 for single-family homes and $310,000 for condominiums, increases of 4.2 percent
3.3 percent, respectively, from March 2009.
“Sales in the Oahu residential real estate market have continued to boom over the past several months and
prices have remained relatively steady, which is good news for both homebuyers and sellers,” commented
Brian Benton, President of the Honolulu Board of REALTORS®. “Properties are also closing faster than
they were this time last year with the Days on Market for single-family homes down from 80 to 72 days
and condos down from 79 days to just 67.”

Oahu’s residential real estate market continue to enjoy strong sales during February 2010, according to resale housing statistics released by the Honolulu Board of REALTORS®. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

“The sales figures for February are very encouraging for Honolulu’s real estate market,” said Brian Benton, President of the Honolulu Board of REALTORS®. “There’s been a great deal of pent up demand from consumers and current market conditions are getting them to get back into the real estate market.”

The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what’s happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both. HiCentral.com provides useful information about buying and selling real estate in Hawaii.

Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,600 boards of REALTORS® in the nation and, with over 5,500 members, the largest trade organization on Oahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry pledged to adhere to a strict Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com.

(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)

The Honolulu Board of REALTORS® released hawaii real estate housing resale figures today for the month of January 2010. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

“January’s sales numbers for both single-family homes and condominiums are very encouraging for the Oahu real estate market,” said Brian Benton, President of the Honolulu Board of REALTORS®. “Competitive pricing, current inventory levels, and the extension of the federal tax credit seem to be turning house hunters into first time homebuyers.”

The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what’s happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both. HiCentral.com provides useful information about buying and selling real estate in Hawaii.

Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,600 boards of REALTORS® in the nation and, with over 5,500 members, the largest trade organization on Oahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry pledged to adhere to a strict Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com.

(This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. The time delay between the signing of a sales contract and the closing of escrow is usually between one and three months.)