Oahu December 2013 Real Estate Condo and Home Sales Report and Historical Graph Data

1. FOR IMMEDIATE RELEASE
January 7, 2014
MEDIA CONTACT:
Caroline Witherspoon
Becker Communications, Inc.
(808) 533-4165
SINGLE-FAMILY MEDIAN SALES PRICE MATCHES ALL-TIME HIGH IN DECEMBER,
ACCORDING TO THE HONOLULU BOARD OF REALTORS®
HONOLULU — The Honolulu Board of REALTORS® released resale figures today for the month of
December. According to the analysis conducted by the Board, using data collected from its computerized
Multiple Listing Service (MLS) system, the statistics are:
Single-Family Home Resales
Number of
Sales
December 2013
283
December 2012
291
This Month
Compared To
Median*
Sales Price
This Month
Compared To
$685,000
-2.7%
$600,000
+14.2%
Median*
Sales Price
This Month
Compared To
Condominium Resales
Number of
Sales
December 2013
390
December 2012
401
This Month
Compared To
$330,000
-2.7%
$335,000
-1.5%
*Median price means half the prices were above and half below the given price.
During December, sales of single-family homes and condominiums decreased by 2.7 percent from
December 2012. The median price paid for single-family homes in December increased 14.2 percent over
the same month last year to $685,000, matching the market’s all-time high. The median price for
condominiums decreased 1.5 percent from December of last year to $330,000. According to the Days on
Market indicator, single-family homes were on the market for an average of 22 days and condominiums
for 27 days.
“Both single-family homes and condominiums recorded a small dip in sales in December, but that is
pretty typical for this time of year,” said Julie Meier, president of the Honolulu Board of REALTORS®.
“We want to keep our eyes on the median sales price, especially for single-family homes, given that this
month’s median price ties the market’s highest peak at $685,000.”
(more)

2. News Release / December 2013 Housing Statistics
-2The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what's
happening in the housing market. The public has the ability to search through Oahu single-family home
and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that
will be open to visit this Sunday. All searches can be done by geographic location, price range or both.
HiCentral.com provides useful information about buying and selling real estate in Hawaii.
Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,500 boards of
REALTORS® in the nation and, with over 5,300 members, one of the largest trade organizations on
Oahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers,
counselors and others engaged in all aspects of the real estate industry who pledge to adhere to a strict
Code of Ethics and Standards of Practice. For more information, call (808) 732-3000 or visit
www.HiCentral.com.
(This report reflects information about resales of existing properties only and does not include new home
sales. All of the MLS information is compiled from sales reported during the cited months; this data is
known only after closing of escrow. The time delay between the signing of a sales contract and the
closing of escrow is usually between one and three months.)
###

3. Closed Sales
December-13
OAHU, HAWAII
(A count of all properties that have closed in a given month.)
500
457
460
452
+7.4%
450
425
426
409
400
338
343
407
390
363
364
350
342
366
286
300
279
308
304
293
270
290
282
279
291
303
290
290
280
296
283
266
265
250
419
392
+5.6%
371
350
421
411
401
227
243
222
217
200
231
227
+15.5%
217
201
175
150
100
50
Single Family Homes
Condos
0
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12
Closed Sales: Single Family Homes
Closed Sales: Condos
Closed Sales: Total
Jul-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13
Aug-13
Jul-13
Sep-13
Oct-13
Nov-13
Dec-13
Aug-13 Sep-13 Oct-13 Nov-13 Dec-13
175
217
222
217
243
279
265
293
304
282
290
291
227
201
231
280
266
308
290
366
303
290
296
283
270
445
227
444
338
560
343
560
371
614
342
621
364
629
409
702
350
654
425
707
363
653
401
692
286
513
279
480
411
642
457
737
452
718
392
700
426
716
460
826
421
724
419
709
407
703
390
673
SOURCE: Honolulu Board of REALTORS® , compiled from MLS data.
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4. Median Sales Price
December-13
OAHU, HAWAII
(The medIan sales price for all closed properties in a given month.)
800,000
+7.4%
700,000
$677,250
$664,000
$625,000
$618,900
600,000
$625,000
$620,000
+5.6%
$635,000
$625,000
$609,000
$625,000
$640,000
$637,000
$600,000
$595,000
$600,000
$640,000
$684,000
$675,000
$647,500
$665,000
$685,000
$640,000
$630,000
$600,000
500,000
400,000
$305,000
$319,000
$315,000
+15.5%
$340,000
$335,000
$325,000
$320,000
$297,000
300,000
$330,000
$330,000
$325,000
$330,000
$315,000
$315,000
$300,000
$348,000
$345,500
$340,000
$325,000
$319,500
$320,000
$311,750
$350,000
$335,000
200,000
100,000
Single Family Homes
Condos
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-12
Median Sales Price : SFH
Median Sales Price: Condos
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
618,900
625,000
625,000
600,000
664,000
620,000
635,000
609,000
637,000
625,000
640,000
600,000
595,000
600,000
640,000
625,000
630,000
677,250
647,500
665,000
675,000
640,000
684,000
685,000
305,000
315,000
311,750
319,000
300,000
297,000
320,000
320,000
319,500
325,000
325,000
335,000
315,000
340,000
340,000
335,000
315,000
330,000
345,500
350,000
348,000
325,000
330,000
330,000
SOURCE: Honolulu Board of REALTORS® , compiled from MLS data.
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5. Average Sales Price
December-13
OAHU, HAWAII
(The average sales price for all closed sales in a given month.)
1,000,000
+7.4%
900,000
$874,276
$855,199
$813,421
$810,373
$798,573
800,000
$726,080
700,000
$778,390
$729,172
$727,214
$788,955
$781,700
$828,000
$800,391
$797,561
+5.6%
$747,016
$773,316
$768,405
$857,718
$805,205
$772,860
$719,392
$719,412
$682,616
$660,843
600,000
500,000
+15.5%
$388,454
400,000
$377,534
$366,072
$351,596
$352,083
$403,538
$399,523
$383,538
$373,740
$365,912
$358,633
$359,316
$415,685
$436,521
$389,004
$395,353
$393,083
$397,798
$387,592
$355,635
$396,018
$376,004
$375,914
$368,279
300,000
200,000
100,000
Single Family Homes
Condos
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-12
Average Sales Price: SFH
Average Sales Price: Condos
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
682,616
726,080
747,016
727,214
798,573
719,412
729,172
719,392
768,405
813,421
773,316
855,199
660,843
778,390
810,373
805,205
781,700
797,561
788,955
800,391
828,000
772,860
874,276
857,718
352,083
388,454
359,316
377,534
358,633
351,596
365,912
366,072
375,914
403,538
373,740
393,083
383,538
395,353
399,523
415,685
389,004
376,004
396,018
436,521
397,798
355,635
368,279
387,592
SOURCE: Honolulu Board of REALTORS® , compiled from MLS data.
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