Real Estate Sales Activity in the Pearl City Region

By
Real Estate Broker/Owner with Island Style Realty Inc. RB-19250

The Pearl City region has had steady growth in sales prices for that last few years and steady sales.  This report covers areas including: Halawa, Foster Gardens, Aiea, Aiea Heights, Waimalu, New Town, Royal Summit, Pearl City, and Pacific Palisades.

The below figures include both fee simple and leasehold properties.  These are only the totals and average sale prices.

Single Family homes sales have softened. Average sales price of single family homes have remained flat from last year.  Sales volume is down from last year.  Inventory levels are reasonably low.

Condo and townhouse sales are another story.  The trend is similar to the single family homes in the area.  Prices remain flat, volume down and inventory low.

Current Active for Sale (as of 11/30/07): 

  •  61 Single Family Homes
  •  99 Condos/ Townhouses

Currently in Escrow (as of 11/30/07): 

  •  27 Single Family Homes
  •  44 Condos/ Townhouses

For the Month of October 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Pearl City Area

20

14

+52.86%

 

$695,070

$718,714

-3.29%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Pearl City Area

32

39

-17.95%

 

$306,943

$305,371

+0.51%

 

 

 

 

 

 

 

 

Year to Date Through October 31, 2007

 

 

 

 

 

 

 

 

Single Family Homes

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Pearl City Area

176

207

-14.98%

 

$655,244

$639,107

+2.52%

 

 

 

 

 

 

 

 

Condominiums

 

Number of Sales

 

Average Sales Price

Area

2007

2006

% Change

 

2007

2006

% Change

Pearl City Area

363

494

-16.52%

 

$307,135

$304,676

+0.81%

*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.

You can find out more about real estate in Hawaii at: http://www.hawaiirandy.com/

Or at: http://www.localism.com/

Posted by

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®

Principal Broker, ABR, AHWD, CRS, e-PRO, GRI, MRP, SFR

Island Style Realty Inc.

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

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Show All Comments
Rainmaker
1,403,317
Tom Braatz
Re/Max Realty Center 262-377-1459 - Oconomowoc, WI
Waukesha County Realtor Real Estate agent,Waukesha

Hi Randy,

The area is called "Salt Lake"?

Hope you are doing fine out by Hawaii. It is about 20 or so in wisconsin now.

Thanks

Tom Braatz

Nov 30, 2007 03:03 PM #1
Rainmaker
621,634
Randy Prothero
Island Style Realty Inc. - Mililani, HI
Hawaii REALTOR, (808) 384-5645
Tom - Thank you for the catch. That was a typo.
Nov 30, 2007 03:08 PM #2
Ambassador
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ASHEVILLE 1031 SIGNATURE PROPERTIES specialists in - LAND,INVESTMENT ACREAGES, AND LUXURY HOMES
Signature Mountain Homes and LAND- Asheville 1031 Realty, Inc. - Asheville, NC
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Randy~ 

Great looking chart...and it seems things are steady in your market! YAY!

Nov 30, 2007 03:53 PM #3
Rainmaker
621,634
Randy Prothero
Island Style Realty Inc. - Mililani, HI
Hawaii REALTOR, (808) 384-5645
janeAnne - Pretty steady.  In general sales volume is down island-wide, but sales prices are up island-wide with the highest growth in the nation.  We do have some communities that are not doing as well as others.
Dec 01, 2007 04:18 PM #4
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Rainmaker
621,634

Randy Prothero

Hawaii REALTOR, (808) 384-5645
Ask me for a free valuation of your Oahu Home.
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