Hawaii Real Estate | Hawaii Relocations | Hawaii Home Buying & Selling

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Honolulu Real Estate | Honolulu Condos Sold | Honolulu Market Report for 2010

Honolulu County IS full of rich history and most interesting is the Iolani Palace which is a  National Historic Landmark and listed on the National Register of Historical Places.  The original palace was built in 1845 during the reign of Kamehameha III.

Iolani Palace is the only royal palace used as an official residence by a reigning monarch in the United States. Make sure and visit the Iolani Palace and see the magnificent feather cloak of Kiwala'o, the Crown Jewels, the Chamberlain's Office and other treasures of the Monarchy period.

Let's take a look at the past year in history of the Honolulu Housing Market for Condos.

Year of 2010 for Honolulu Condos

Honolulu Condo Market Report 2010:  Year of 2010 Honolulu has had 1,612 FS condos sold in the Honolulu area (Makiki, Punchbowl, Kaakako, Nu'uanu, Waikiki, McCully, Moiliili, Kapahulu, Ala Moana, Kapiolani Punahou, University areas). The number of sales for the Honolulu area in 2009 had 1,447 sold condos.  Looks like Honolulu Condos took a lead in sales numbers in 2010!

Sales Prices for 2010 ranged from $80,000 for a studio condotel unit in Ala Moana Hotel Condo) up to $3,500,000 Luxury 2 bedroom condo at Hokua At 1288 Ala Moana (1,981 sq/ ft interior).  These sales prices compare to Sales Prices in 2009 ranging from $425,000 (3 bedroom in Aliamanu) to $3,675,000 Luxury 2 bedroom condo at Hokua At 1288 Ala Moana (1,981 sq/ft).. Average Days on the Market in 2010 was approximately 68 days (mid range) up to 90 days (luxury) compared to 2009's DOM of approximately 72 days (mid range) to 118 (luxury)!  Not bad for 2010!

 With inventory lower than the past two years previous and interest rates on the rise......and If you believe that you are ready to buy and your circumstances are favorable now is the time to purchase that dream home. Prices are low but when interest rates are going up the difference in the math shows that your monthly payments will be significantly higher.

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Celeste "Sally" Cheeseman is a Realtor-Associate with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs  she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents. Website: www.hawaiihomesmarket.com

Cell/Text:  (808) 375-1404  

                                                       

 

Celeste "Sally" Cheeseman  is a Realtor-Associate® and Certified Residential Specialist (CRS) with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs  she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocations, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents, Home Buyers and Sellers.

 

 © 2007-2015 Celeste "Sally" Cheeseman's

Hawaii Real Estate and Relocation Blog.

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Comment balloon 5 commentsCeleste "SALLY" Cheeseman • March 13 2011 11:29PM

Comments

Wow -- a great report and it looks like there are some positive signs for 2011!  I hope that you have a wonderful spring market.  I would love to have a condo in Hawaii!  Maybe in the future!

Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) over 7 years ago

Joan...We're looking forward to seeing some pick up in the market for 2011!

Posted by Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE (Liberty Homes) over 7 years ago

Sally that is good news  that inventory is down;  and conditions are favorable for those who have the means to buy. I am with Joan I would love one of those condos.

Here is hoping you won't have any more bad weather this week,

 

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) over 7 years ago

Thanks jennifer!  Seems like nature's wrath is getting worse as the years go by....Well, at least I'm in paradise :)

Posted by Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE (Liberty Homes) over 7 years ago

Sally - I think of you guys over there each time I watch Hawaii 5-0 like I did last night!

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) over 7 years ago

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