Honolulu Real Estate Statistics – January 2010
The Honolulu Board of REALTORS® released resale figures for the month of January. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:
Single Family Home Resales
| Number of Sales | This Month Compared To | Median* Sales Price | This Month Compared To | |
| Jan 2010 | 162 | $597,500 | ||
| Dec 2009 | 265 | -38.9% | $550,000 | +8.6% |
| Jan 2009 | 122 | +32.8% | $539,500 | +10.8% |
Condominium Resales
| Number of Sales | This Month Compared To | Median* Sales Price | This Month Compared To | |
| Jan 2010 | 227 | $299,000 | ||
| Dec 2009 | 349 | -34.9% | $300,000 | -0.3% |
| Jan 2009 | 159 | +42.8% | $305,000 | -2.0% |
*Median price means half the prices were above and half below the given price.
During January, sales of 162 single-family homes and 227 condominiums were reported through the Board’s MLS, an increase of 32.8 percent for single-family homes and an increase of 42.8 percent for condominiums, compared to the same month last year. The median prices paid for island properties in the January was $597,500 for single-family homes and $299,000 for condominiums, an increase of 10.8 percent for single-family homes and a decrease of 2 percent for condominiums from January 2009.
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