The Honolulu Board of Realtors just released their monthly stats for November and the biggest stat was that condo sales on Oahu doubled from 2008! We all remember how bad it was this time last year. There were only 201 condos that sold in November or 2008. Well, things aren’t that bad as we roll into winter this year with sales up 102.5% to 407 sales in 2009! In addition, single family home sales were up 46.5% from 170 in 2008 to 249 this year. In addition, prices remain stable as a whole with condo prices up 1.2% and single family homes down only .75% compared to last year.
The strongest segment of the market for home values was Mililani with prices up 18% from last year and Aina Haina-Kuliouou took the hardest hit down 46%, however may have been skewed from a high sale last year. The strongest condo segment was the Windward Coast with values up 35% from last year, while the weakest was Downtown-Nuuanu with condo values down 25.6%.