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Aloha Tristen,

Below are highlights from the Oahu Real Estate Activity Report for First Quarter of 2008 that I thought you would be interested in seeing.

  • Home prices remain stable and close to last year's levels
  • Single-family home median price dipped slightly by 0.8% to $620,000
  • Condominium median prices rose 3.3% to $328,000
  • Median price appreciation occurred in 9 of the 15 single-family areas and 6 of the 15 condominium areas

Areas around Oahu have mixed results in price appreciation due to each neighborhoods unique market conditions. For more information on how your specific neighborhood performed this past quarter, please contact me.


Resales Median Price
ALL OAHU
Qtr 1 07
Qtr 1 08
% change
Qtr 1 07
Qtr 1 08
% change
Single-Family
854
651
-23.8%
$625,000
$620,000
-0.8%
Condominium
1,343
1,006
-25.1%
$317,500
$328,000
3.3%

Click here to view full report

Effects of Interest Rates

The graph below illustrates that lower interest rates equate to lower monthly payments and greater buying power. In this current real estate market, buyers should consider their options and take advantage of the low rates.

Historical Trends Oahu

 


If you would like to read the full report, please click the link below to download the full Oahu Real Estate Report.

Oahu Real Estate Activity Report - First Quarter 2008
*Requires Adobe Acrobat Reader

Best Regards,

Tristen K. Ige (RA)
CRS Certified Residential Specialist
ABR Accredited Buyer's Representative
Prudential Locations LLC - Diamond Head Office
(808) 739-4135 direct/(808) 330-0284 cell
(808)732-8435 fax
tristen.ige@pruhawaii.com
 

 

 



Prudential Locations LLC • 614 Kapahulu Avenue, #200 • Honolulu • HI • 96815

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