-

Bookmark and Share Email this page Email Print this page Print Feed Feed
Wednesday, December 7, 2011

Number crunching: November sales numbers

As the holidays get underway, people have less time to think about shopping for a home, so you'll rarely see a spike for real estate sales in November. The Honolulu Board of Realtors (HBR) shared their monthly sales statistics for November 2011, which didn't indicate any significant changes over last year.

Here's an overview of the sales for November 2011:

  • The number of single-family home sales increased just 1.2 percent, from 248 in November 2010 to 251 in November 2011.
  • The median price paid for single-family homes remained relatively flat at $580,000 for the month.
  • The number of condo sales saw a slight bump upward, with 333 units sold-a 5.4 percent increase over November 2010.
  • The median condo price, however, bumped the other way. In November 2011, the median sales price was $295,000, whereas it was $312,000 in November 2010-a 5.4 percent decrease.
  • According to the Days on Market indicator, sales of single-family homes and condominiums closed at a faster pace last month compared to a year ago, with homes listing for 35 days and condominiums listing for 42 days.

"We are pleased to see that sales of both single-family homes and condominiums have increased compared to last year. In fact, this is the fourth month in a row that condominium sales have been up, as buyers take advantage of lower prices and quicker deals and the inventory clears out," says Joyce Nakamura, President of the Honolulu Board of Realtors. "This is pretty positive news given that November is historically one of the slowest months for real estate sales."

For more information, visit www.hicentral.com.

Posted on Wednesday, December 7, 2011 in Permalink

Have Feedback? Suggestions? Email us!

About This Page

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.


Got a question or story tip? Email us. 
Follow @RealEstateHNL on Twitter for updates. 
If you would like to receive HONOLULU Magazine's newsletter by email, sign up for our newsletter.