Distinctive Homes Hawaii – Hawaii Property Report – January 2012

Distinctive Homes Hawaii – Hawaii Property Report – January 2012

The real estate market on Oahu continues to be shaped by the dropping inventory levels and steady sales pace.  According to the Honolulu Board of Realtor’s January report, the number of condo sales hit 270 and increase of 1.9% compared to January 2011.  Single family homes saw sales of 175 units down 12% from 2011.  The Median price for a condominium was up 4.8% to $305,000 while single family average price is up 8.6% to $618,900.