for a 2008 monthly Report on

The market for Oahu’s single family homes performed well in 2006, despite a slowdown in the number of sales. Last year we forecasted a single-digit increase in median prices and at least a 10% decline in number of sales. We were accurate in our price prediction, as median prices increased by 6.8%, though slightly off in the magnitude of the sales decline as the number of sales fell 16% from 2005 levels.  

This end-of-year recap report covers overall market activity of Oahu single family homes. Since Oahu is made up of several distinct market areas, each with its own conditions and activity, it is important that you look at the specific neighborhood you are interested in to get an accurate picture of what happened. At Prudential Locations, we track sales for over 200 neighborhoods and can provide you with activity for your particular neighborhood. 

The market for Oahu condominiums performed very well in 2006 with the fifth straight year of double-digit price appreciation, despite a slowdown in the number of sales. Median prices increased an aggressive 14.8% to $310,000, while the number of sales dropped 22.8%. We have not seen such a noticeable change in the pace of condominium sales for over 10 years.

This end-of-year recap report covers overall market activity of Oahu condominiums. Oahu is made is made up of several distinct market areas, each with their own conditions and activity, so it is important to look at specific areas to get an accurate picture of what’s happening. At Prudential Locations, we track market activity for over 200 Oahu neighborhoods and market areas and all of Oahu’s 1,900+ condominium projects.