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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Location:
Hawaii Honolulu County Pearl City
Tags:
real estate market report
real estate
honolulu
pearl city
aiea
halawa
pacific palisade
foster village
hawaii
century 21

Comments 4 New Comment

Show All Comments
Rainmaker
1,389,140
Tom Braatz
Waukesha County Realtor Real Estate agent,Waukesha
Re/Max Realty Center 262-377-1459

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

November 30, 2007 03:03 PM
Rainmaker
620,086
Randy Prothero
Hawaii REALTOR, (808) 384-5645
Island Style Realty Inc.
Tom - Thank you for the catch. That was a typo.
November 30, 2007 03:08 PM
Ambassador
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THE TRAILBLAZER TEAM - ASHEVILLE Land and Signature Mountain Homes
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Signature Mountain Homes and LAND- Asheville 1031 Realty, Inc.

Randy~ 

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

November 30, 2007 03:53 PM
Rainmaker
620,086
Randy Prothero
Hawaii REALTOR, (808) 384-5645
Island Style Realty Inc.
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.
December 01, 2007 04:18 PM
Show All Comments
Rainmaker
620,086

Randy Prothero

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