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Oahu Real Estate Market 2007 Highlights:

Median prices continue to rise -Oahu Single-family homes in 2007 went up 2.4% from 2006 reaching $645,000. Oahu condominum median prices also went up 4.8% to $325,000. Oahu appreciation is slower than previous years, however, still positive and pacing above the national average.  Oahu single family homes are stable in median price and screaming high in average price,  Condos are consistently climbing as they have been for many years - without stopping.  Remember, condos matched their highest median sales price in history this month. Median prices for single family homes 2008 have dropped slightly, 1.6% through the first two months, however Condo prices are up a very healthy 3.1% in the same period.  Hawai'i has fared better than most states in terms of home foreclosures. Honolulu's foreclosure rate was still the fourth-lowest among 100 major U.S. metropolitan areas.

		OCEAN VIEW CONDOS
		NEW OAHU HOMES
		OAHU TOWNHOUSES
		LUXURY HOMES

• Buyers should move quickly as prices continue to rise and take advantage of the current low interest rates.
• Sellers must price correctly to attract the now more cautious buyers.
• Hawaii has long been always popular as a luxury second home, investment and resort market, improvements in transportation and technology have now made it a more viable year-round alternative for high-end buyers

• We continue to believe that Hawaii real estate is a terrific long-term investment.Hawaii's unique factors such as a healthy tourist economy, strong military development and the lack of developable land, combined with low interest rates and the buying power of baby boomers continue to set the foundation for stability in Hawaii's real estate market for years to come. Hawaii state still have one of the nation's lowest foreclosure rates.

Although we expect the rate at which home prices increase to slow, we still anticipate single-digit price appreciation for the Hawaii market overall. Home price appreciation will fluctuate by area of the island, with those Oahu neighborhoods having a more universal appeal continuing to maintain value and even show increases. Hawaii buying-vs-renting

Hawaii Real Estate Mortgage Loan Officers Pre-Approval

MEDIAN PRICE APPRECIATION (2005 VS 2006)

OAHU SINGLE FAMILY HOMES MEDIAN PRICE APPRECIATION (2005 VS 2006)

According to Prudential’s Fine Homes sales data which breaks down the million-dollar-plus sales into six categories, the number of sales are up from a year ago in the $2- to $3-million-dollar category as well as the $4- to to $5-million dollar category and the $5- to $10-million-dollar category. If this trend holds true, the data may be another indicator pointing to relative strength in the local market overall.  FINE HOMES REPORT - The only report in Hawaii with information specific to high-end neighborhoods, the Fine Homes Report should be valuable to you in understanding today's high-end, luxury Hawaii real estate climate, which can be very different from the general Oahu real estate market. This report provides insight on many of Oahu's high-end neighborhoods and it can help you make informed decisions and navigate these changing market conditions successfully.

Oahu, Hawaii Real Estate Forecast Median Sales Prices by Area Oahu Island of Hawaii

Many luxury neighborhoods on Oahu, Maui all have their own distinct conditions and activity. It is important that you look at the specifics of Oahu neighborhood you live in or are interested in to get a detailed picture of what is happening. Prudential Research Department tracks sales activity for over 200 Oahu neighborhoods and I would be happy to send you information for your particular neighborhood. CONTACT ME for more information .

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