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Tuesday, August 27, 2013

Sales by neighborhood: July 2013

Sales by neighborhood: July 2013

The Ewa Plain and Waikiki came out on top last month, according to July neighborhood residential resale statistics released by the Honolulu Board of Realtors.

The Ewa Plain saw the most single-family home resales – 50 – while Waikiki topped the list for condominiums at 112.

There was good news in other neighborhoods, too. The number of home resales in Makakilo, the North Shore, Waipahu and the Windward side saw triple digit percentage increases over July 2012. Similar percentage increases for condominium sales were seen in Makaha-Nanakuli, North Shore and Waipahu.

In addition, single-family homes in Downtown-Nuuanu resold much faster than they did a year ago – closing in an average of 23 days, compared to spending 78 days on the market last year. The fastest selling neighborhood for single-family homes was Aina Haina-Kuliouou, where homes spent an average of six days on the market. For condos, the fastest sellers were in Kailua-Waimanalo, where units spent an average of seven days on the market.

Meanwhile, single-family homes in Waialae-Kahala had the highest median price at $1.404 million, a 57 percent increase over July 2012. The Ala Moana-Kakaako area had the highest median sales prices for condominiums at $595,000, a 50 percent jump over last year.

In terms of the largest price increases, the Windward Coast saw the most significant jump. The median sale prices for single-family homes in the area was $730,000, a  437 percent increase over last July. Kalihi-Palama condos saw a 79 percent rise to $415,250.

Posted on Tuesday, August 27, 2013 in Permalink

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Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.
 


Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


 


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.


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