Hawaii Real Estate starts Here!

The Honolulu Board of REALTORS® released resale figures today for the month of December. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:

During December, sales of 268 single-family homes and 333 condominiums were reported through the Board’s MLS, a decrease of 14.1 percent for single-family homes and a decrease of 6.5 percent for condominiums, compared to the same month last year. This brings total single-family home sales on Oahu to 2,974 for the year of 2011, a decrease of 2.7 percent over one year ago. Total condominium sales through December were 4,029, a 1.3 percent increase from last year. The median price paid for island properties in the year of 2011 was $605,000 for single-family homes and $285,000 for condominiums, an increase of 3.4 percent and a decrease of 6.5 percent, respectively, from December 2010. According to the Days on Market indicator, single-family home sales closed at a faster pace last month compared to December 2010 listing for 35 days, down from 38. Condominiums closed at a slower pace last month compared to December 2010 listing for 52 days, up from 43.
“Although home and condominium sales for December 2011 took a small dip compared to last year, we are seeing prices rise for single-family homes,” said Joe Paikai, newly-elected President of the Honolulu Board of REALTORS®. “We’ve also noticed that particular neighborhoods have made significant jumps in sales compared to last year. This is a good sign for Honolulu as a whole; we expect to see this rise in sales spread as the economy continues to recover.”

The Honolulu Board of REALTORS® released resale figures today for the month of
November. According to the analysis conducted by the Board, using data collected from its computerized
Multiple Listing Service (MLS) system, the statistics are:

During November, sales of 251 single-family homes and 333 condominiums were reported through the
Board’s MLS, increases of 1.2 percent and 5.4 percent, respectively, for single-family homes and
condominiums from November 2010. The median price paid for island properties in November was
$580,000 for single-family homes and $295,000 for condominiums, an increase of 1 percent for singlefamily
homes and a decrease of 5.4 percent for condominiums compared to the same month last year.
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,” said 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.”

The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what’s
happening in the housing market. The public has the ability to search through Oahu single-family home
and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that
will be open to visit this Sunday. All searches can be done by geographic location, price range or both.
HiCentral.com provides useful information about buying and selling real estate in Hawaii.
Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,600 boards of
REALTORS® in the nation and, with over 5,300 members, the largest trade organization on Oahu.
Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors
and others engaged in all aspects of the real estate industry pledged to adhere to a strict Code of Ethics
and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com.

The Honolulu Board of REALTORS® released resale figures today for the month of
October. According to the analysis conducted by the Board, using data collected from its computerized
Multiple Listing Service (MLS) system, the statistics are:

During October, sales of 223 single-family homes and 321 condominiums were reported through the
Board’s MLS, a decrease of 9 percent and an increase of 0.6 percent, respectively, for single-family
homes and condominiums from October 2010. The median price paid for island properties in October was $579,000 for single-family homes and $305,000 for condominiums, a decrease of 2.3 percent for single family homes and a 1.7 percent increase for condominiums compared to the same month last year.
According to the Days on Market indicator, sales of single-family homes and condominiums closed at a
slower pace last month compared to a year ago, with homes listing for 45 days and condominiums listing for 38 days. “October’s numbers reflect a movement toward stability in the market. We saw an increase in the number of sales and median sales prices of condominiums as well as increases in pending sales for both single family homes and condominiums,” said Joyce Nakamura, President of the Honolulu Board of REALTORS®. “It is also encouraging to see that there isn’t excess of inventory in the market, and properties are selling steadily.”

The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what’s
happening in the housing market. The public has the ability to search through Oahu single-family home
and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both.
HiCentral.com provides useful information about buying and selling real estate in Hawaii.
Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,600 boards of
REALTORS® in the nation and, with over 5,300 members, the largest trade organization on Oahu.
Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry pledged to adhere to a strict Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit www.HiCentral.com.