Spring stats for summer sales
Whether you're buying or selling your home, this is probably a good time to do so. Across the country, summer has traditionally been a popular season to put homes up for sale, so you'll see more open house signs popping up around the island.
"Summer months typically see more home sales than other seasons," says Kevin Miyama of Prudential Locations. "School has ended, making summer a key time for families looking to purchase in other neighborhoods and possibly change schools. It's also a time when people have more time to house hunt as the holiday obligations and tax season are over."
On Oahu, eight single-family areas and six condominium areas saw an increase in median price from March through May 2011 as compared to the same three-month period last year. Miyama says the areas that experienced the highest median price growth are:
Homes like this one in Kailua, just listed by Corinda Wong of Prudential Locations, is a typical example of what you can get for the median price for that area. For more information on this home, click here.
To get Prudential's full report of the real estate activity around the island for March through May 2011, click here.