Ewa Plain, Waikiki had most home, condo sales
North Shore, Waialae-Kahala had highest median prices; Makaha-Nanakuli had lowest median prices
The most closed sales for single-family homes and condominiums on Oahu in December were in the Ewa Plain neighborhood and Waikiki, respectively, according to the Honolulu Board of Realtors.
A total of 49 single-family homes sold in the Ewa Plain area, an increase of 48 percent compared with the same month last year.
Ninety-five condominiums sold in the Waikiki area in December, an increase of 51 percent compared to the number sold in October of last year.
The North Shore had the highest median price for single-family homes at $1,372,500, an increase of 103 percent compared to last year.
The Waialae-Kahala neighborhood had the highest median sales price for condos at $585,000, an increase of 14 percent.
Makaha-Nanakuli had the lowest median sales prices for both single-family and condos. Single-family homes sold for $369,000 and condos were $152,000, increases of 3 percent and 69 percent, respectively, compared to 2011.
“December was a strong month for the majority of neighborhoods on Oahu,” said Kevin Miyama, president of the Honolulu Board of Realtors. “It’s extremely encouraging to see double-digit increases in the number of properties sold and median prices for so many different neighborhoods, and we’re optimistic that the market will continue this trend in 2013.”
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.
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