Great Hawaiian Homes Blog

It looks like the year saw a 10% decrease in closed transactions for all properties; 14.1% for Single Family and 6.5% for condos.

What does this mean? Well it could mean that there was less inventory for 2011, less Buyers in the market, Buyers sitting on the fence waiting to see what happens next, or that well things were just a little slow.

The good news is that single family median prices increased from November 2011 and December 2010. Condos on the other hand decreased in November 2011 and December 2010.

Days on Market "DOM"for December 2011 increased for Condos to 42 days vs. 43 in 2010 and for Single Family Homes it decreased by 3 days, in 2010 it was 38 days and in 2011 it was 35 days.

For the yearly DOM though for Single Family Homes increased by a day and Condos from 34 days to 41.

It appears that homes sold for 93.2 % to 94.6% of the list price for the year of 2011.

If you would like a copy of the report email Gayle and she will send it to you in its entirety. You can Reach Gayle at gfujita@hawaii.rr.com.