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November 2011

JFK Market Update

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

Single Family YTD 2010 YTD 2011 + / -
Closed Sales 2,745 2,696 -1.8%
Median Sales Price $595,000 $574,500 -3.4%
Months Supply of Inventory 6.5 5.6 -14.6%
Condominium YTD 2010 YTD 2011 + / - 
Closed Sales 3,624 3,696 +2.0%
Median Sales Price $305,000 $300,500 -1.5%
Months Supply of Inventory 6.8 5.5 -20.2%

The leading indicator in this month's market statistics continues to be the months supply of inventory which for both single family homes and condominiums remains below six months. This level of supply and demand is considered very favorable to Sellers. Meanwhile, local interest rates; largely under 4%, provide ample incentive for qualified buyers. Pending sales, a sign of activity-in-progess, are also up this month - about 20% over the same time last year, a sign that activity levels should remain strong over the holiday season.

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JFK Previews Hawaii Homes

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JFK Previews Hawaii Homes

About JFK Previews Hawaii Homes

I am an Owner Associate at Kahala Associates Real Estate in Honolulu Hawaii. I have viewed Thousands of homes over the last eight years.

I will be previewing & posting interesting, unique or odd things about the house you may like to know. I will also be looking at the General Conditions and Red Flags...

Information deemed reliable but not guaranteed.

Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

JOHN F KENDRICK "JFK" (RA)
Kahala Associates
4211 Waialae Avenue
Suite 8090
Honolulu, HI 96816

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