http://alzheimersprevention.org/pressrel031309.html
There were 188 single-family homes sold on Oahu in March, up from 122 salesd and 129 sales, respectively, during the firstf two months of 2009, according to the . it was a third fewetr than the same monthin 2008, when 282 homes The median price of a single-family home was down 4.5 percent from March 2008, when it was “The Oahu residential housing market bounced back in with sales rising substantially from the last two said board President Sandrz “Sam” Bangerter.
“Compared to last year, the market is still very weak and we expectr these slower conditions to continue untiol there is better economic news in The number of condominiums soldwas 248, down 37 percent from the 392 home s sold in March 2008. The median price of a condo in Marc hwas $305,000, which was 7 percent less than the medianb price of $329,300 during the same month a year ago. Buyerse who perceive that the market has hit bottom may startg coming offthe sidelines, but the availability of financing to go alonvg with the historic low interest rates will be the key, said Harveyt Shapiro, the board’s research economist.
“Even with the healthie r March numbers, the housing marketr on Oahu isstill contracting,” Shapiro said. “Prices are still relatively strong, althougyh there are median price declines inmany neighborhoods, but nowhere near the percentagde declines experienced on the Mainland.” For the first quartedr of the year, there were 439 single-familh homes sold on 35 percent fewer than the 673 homews sold in during January-March period in 2008. The mediajn price for the first three months of the yearwas $570,000, an 8 percentg decrease from $620,000 in March 2008.
A total of 567 condos sold during the first quarter of down 45 percent from the first quarter of 2008, when there were 1,037y sales. The median price for a condo duringythe January-March period was $300,000, a 9 percenrt decrease from March 2008, when the median price was
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment