hbrmonthlyindicators_2011-07

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Monthly IndicatorsA RESEARCH TOOL PROVIDED BY THE HONOLULU BOARD OF REALTORS®

July 2011 Quick Facts

- 7.0%

Change in

Closed Sales

Single-Family Only

- 8.3%

Change in

Closed Sales

Condo Only

- 7.7%

Change in

Closed Sales

All Properties

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3

4

5

6

7

8

9

10

11

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13Click on desired metric to jump to that page.

Percent of List Price Received

Housing Affordability Index

Inventory of Homes for Sale

Months Supply of Inventory

All data from the HiCentral MLS, Ltd. Powered by 10K Research and Marketing. | 1

Single-Family Market Overview

Condo Market Overview

Closed Sales

Median Sales Price

Average Sales Price

New Listings

Pending Sales

Days On Market Until Sale



Single-Family Market OverviewKey market metrics for the current month and year-to-date figures for Single-Family Homes Only.

Key Metrics Historical Sparklines 7-2010 7-2011 + / – YTD 2010 YTD 2011 + / –

- 10.5% 32 36 + 12.5%

- 7.1%

268 300 + 11.9% 1,852 1,823 - 1.6%

3,102488 443 - 9.2% 3,340

- 7.0% 1,748

New Listings

Pending Sales

Closed Sales

Days on Market Until Sale

1,630 - 6.8%

38 34

270 251

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

66

--

-- --

--

--

+ 6.5%

- 12.5%

- 11.1%

1,511

6.0

All data from the HiCentral MLS, Ltd. Powered by 10K Research and Marketing. | Click for Cover Page | 2

- 2.2% $585,000 $575,000

- 0.6%- 0.9% 95.7% 95.1%

Months Supplyof Homes for Sale

$752,600 + 3.0%

94.9%


Inventory of Homes for Sale

6.7

68

- 1.7%Median Sales Price

Average Sales Price

Percent of Original

List Price Received

$730,763

95.8%

64

1,727

70 + 6.0%

--

$689,507 $704,914 + 2.2%

$604,500 $591,000

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011



Condo Market OverviewKey market metrics for the current month and year-to-date figures for Townhouse-Condo Properties Only.

Key Metrics Historical Sparklines 7-2010 7-2011 + / – YTD 2010 YTD 2011 + / –

- 3.1%

Days on Market Until Sale 36 37 + 1.4% 31 40 + 29.0%

Closed Sales 327 300 - 8.3% 2,389 2,316

- 6.9%

Pending Sales 331 390 + 17.8% 2,437 2,530 + 3.8%

New Listings 646 516 - 20.1% 4,345 4,045

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

-- --

Inventory of Homes for Sale 2,210 1,971 - 10.8% -- --

Months Supplyof Homes for Sale

6.3 5.9 - 7.1% --


- 0.3%

Housing Affordability Index 122 136 + 11.8% 120 128 + 6.1%

Percent of Original

List Price Received95.0% 94.6% - 0.3% 95.1% 94.8%

--

- 1.6%

Average Sales Price $361,342 $338,964 - 6.2% $350,578 $357,019 + 1.8%

Median Sales Price $300,000 $277,000 - 7.7% $304,950 $300,000

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011

7-2008 7-2009 7-2010 7-2011



Closed SalesA count of the actual sales that have closed in a given month.

Single-

Family

YoY

Chg.Condo

YoY

Chg.

8-2010 231 - 2.9% 294 - 15.5%

9-2010 273 + 7.9% 306 - 13.6%

10-2010 245 - 15.5% 319 - 19.2%

11-2010 248 - 3.9% 316 - 22.5%

12-2010 312 + 14.7% 357 + 2.0%

1-2011 200 + 11.7% 280 + 15.7%

2-2011 186 + 5.1% 306 + 25.4%

3-2011 255 0.0% 345 - 4.2%

4-2011 233 - 18.2% 386 - 4.9%

5-2011 254 - 11.5% 334 - 9.2%

6-2011 251 - 14.9% 365 - 17.4%

7-2011 251 - 7.0% 300 - 8.3%

266

343

270

327

251

300

July

201120102009 201120102009

1,377

1,7191,748

2,389

1,630

2,316

Year to Date

201120102009 201120102009

Total 2,939 - 3.9% 3,908 - 7.9%


Single-Family Condo

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

1-1990 1-1992 1-1994 1-1996 1-1998 1-2000 1-2002 1-2004 1-2006 1-2008 1-2010

Historical Closed Sales Activity Single-Family Condo

-8.3%-4.7%-7.0%+1.5%

Single-Family Condo-3.1%+39.0%-6.8%+26.9%



Median Sales PriceMedian price point for all closed sales, not accounting for seller concessions, in a given month.

Single-

Family

YoY

Chg.Condo

YoY

Chg.

8-2010 $641,277 + 14.5% $303,000 + 4.5%

9-2010 $620,000 + 2.5% $330,000 + 6.6%

10-2010 $592,500 - 2.0% $300,000 0.0%

11-2010 $574,500 - 2.6% $312,000 + 0.5%

12-2010 $585,000 + 5.4% $300,000 - 0.8%

1-2011 $570,000 - 4.2% $290,000 - 3.0%

2-2011 $570,000 - 1.0% $320,000 + 7.0%

3-2011 $550,000 - 8.3% $315,000 + 1.6%

4-2011 $585,000 + 3.5% $302,000 - 1.6%

5-2011 $595,000 - 0.8% $290,000 - 4.9%

6-2011 $575,000 - 1.3% $301,000 + 0.3%

7-2011 $591,000 - 2.2% $277,000 - 7.7%

$595,000

$307,250

$604,500

$300,000

$591,000

$277,000

July

201120102009 201120102009

$574,500

$305,000

$585,000

$304,950

$575,000

$300,000

Year to Date

201120102009 201120102009

Average $585,000 0.0% $305,000 + 0.5%


Single-Family Condo

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

1-1990 1-1992 1-1994 1-1996 1-1998 1-2000 1-2002 1-2004 1-2006 1-2008 1-2010

Historical Median Sales Price Single-Family Condo

-7.7%-2.4%-2.2%+1.6%

Single-Family Condo-1.6%-0.0%-1.7%+1.8%



Average Sales PriceAverage sales price for all closed sales, not accounting for seller concessions, in a given month.

Single-

Family

YoY

Chg.Condo

YoY

Chg.

8-2010 $797,035 + 15.8% $351,145 + 2.4%

9-2010 $837,082 + 11.2% $400,445 + 11.6%

10-2010 $671,512 - 8.6% $350,742 + 1.8%

11-2010 $699,299 + 3.3% $376,686 + 7.6%

12-2010 $708,973 + 4.2% $373,694 + 5.0%

1-2011 $699,019 + 2.6% $314,216 - 8.2%

2-2011 $695,600 + 1.5% $392,424 + 10.1%

3-2011 $692,976 + 0.8% $370,284 + 8.1%

4-2011 $716,664 + 13.6% $364,090 + 4.5%

5-2011 $730,157 + 0.3% $341,035 - 8.0%

6-2011 $645,070 - 5.2% $369,053 + 10.1%

7-2011 $752,600 + 3.0% $338,964 - 6.2%

$664,867

$357,619

$730,763

$361,342

$752,600

$338,964

July

201120102009 201120102009

$673,094

$346,629

$689,507

$350,578

$704,914

$357,019

Year to Date

201120102009 201120102009

Average $721,661 + 3.5% $362,517 + 3.4%


Single-Family Condo

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Average Sales Price Single-Family Condo

- 6.2%+ 1.0%+ 3.0%+ 9.9%

Single-Family Condo+ 1.8%+ 1.1%+ 2.2%+ 2.4%



New ListingsA count of the properties that have been newly listed on the market in a given month.

Single-

Family

YoY

Chg.Condo

YoY

Chg.

8-2010 458 + 19.0% 632 + 11.9%

9-2010 439 + 13.1% 573 - 6.4%

10-2010 403 - 0.2% 512 - 6.1%

11-2010 386 + 21.8% 475 + 0.6%

12-2010 275 - 5.5% 422 + 5.0%

1-2011 401 - 12.8% 602 + 5.6%

2-2011 409 - 5.1% 579 - 1.7%

3-2011 480 - 12.2% 626 - 12.4%

4-2011 450 - 14.8% 553 - 18.7%

5-2011 446 + 6.2% 582 + 14.3%

6-2011 473 + 1.5% 587 - 7.7%

7-2011 443 - 9.2% 516 - 20.1%

446

586

488

646

443

516

July

201120102009 201120102009

3,188

4,229

3,340

4,345

3,102

4,045

Year to Date

201120102009 201120102009

Average 5,063 - 1.2% 6,659 - 4.1%


Single-Family Condo

0

250

500

750

1,000

1,250

1,500

1,750

2,000

2,250

1-1990 1-1992 1-1994 1-1996 1-1998 1-2000 1-2002 1-2004 1-2006 1-2008 1-2010

Historical New Listing Activity Single-Family Condo

-20.1%+10.2%-9.2%+9.4%

Single-Family Condo-6.9%+2.7%-7.1%+4.8%



Pending SalesA count of the properties on which contracts have been accepted in a given month.

Single-

Family

YoY

Chg.Condo

YoY

Chg.

8-2010 296 + 19.4% 344 - 5.2%

9-2010 242 - 15.7% 337 - 20.9%

10-2010 282 + 10.2% 304 - 16.3%

11-2010 220 - 3.1% 283 - 9.3%

12-2010 203 + 4.1% 288 + 9.1%

1-2011 234 + 4.9% 360 + 29.5%

2-2011 230 - 2.5% 340 - 4.2%

3-2011 263 - 15.4% 401 - 5.6%

4-2011 236 - 27.8% 337 - 25.4%

5-2011 260 + 8.8% 370 + 27.1%

6-2011 300 + 21.0% 332 + 8.9%

7-2011 300 + 11.9% 390 + 17.8%

286

359

268

331

300

390

July

201120102009 201120102009

1,625

2,051

1,852

2,437

1,823

2,530

Year to Date

201120102009 201120102009

Average 3,066 + 0.0% 4,086 - 1.9%


Single-Family Condo

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

1-1997 1-1998 1-1999 1-2000 1-2001 1-2002 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Pending Sales Activity Single-Family Condo

+17.8%-7.8%+11.9%-6.3%

Single-Family Condo+3.8%+18.8%-1.6%+14.0%



Days on Market Until SaleAverage number of days between when a property is first listed and when an offer is accepted in a given month.

Single-

Family

YoY

Chg.Condo

YoY

Chg.

8-2010 35 - 28.6% 33 - 37.1%

9-2010 34 - 37.0% 36 - 17.2%

10-2010 35 - 32.7% 32 - 40.7%

11-2010 40 - 9.1% 45 + 45.2%

12-2010 38 + 19.0% 44 + 14.5%

1-2011 38 - 12.8% 45 + 25.0%

2-2011 56 + 47.4% 57 + 10.8%

3-2011 38 + 13.4% 46 + 29.6%

4-2011 34 + 30.8% 34 + 41.7%

5-2011 31 + 14.8% 36 + 28.6%

6-2011 30 - 6.3% 36 + 28.6%

7-2011 34 - 10.5% 37 + 1.4%

45

56

3836

3437

July

201120102009 201120102009

5255

3231

36

40

Year to Date

201120102009 201120102009

Average 36 - 4.0% 39 + 5.4%


Single-Family Condo

0

10

20

30

40

50

60

70

80

90

100

1-1990 1-1992 1-1994 1-1996 1-1998 1-2000 1-2002 1-2004 1-2006 1-2008 1-2010

Historical Days on Market Until Sale Single-Family Condo

+1.4%-35.7%-10.5%-15.6%

Single-Family Condo

+29.0%-43.6%+12.5%-38.5%



Percent of Original List Price Received

Single-

Family

YoY

Chg.Condo

YoY

Chg.

8-2010 94.9% + 1.4% 94.6% + 2.4%

9-2010 95.2% + 2.8% 95.2% + 1.6%

10-2010 94.4% + 0.6% 94.8% + 1.8%

11-2010 96.0% + 2.3% 95.2% + 0.8%

12-2010 95.5% - 0.3% 94.1% + 0.2%

1-2011 94.7% + 0.0% 94.3% - 0.6%

2-2011 94.4% - 1.2% 94.3% + 1.1%

3-2011 95.6% - 0.0% 94.3% - 0.2%

4-2011 94.8% - 1.2% 94.8% - 1.2%

5-2011 95.6% - 0.6% 95.8% + 0.5%

6-2011 95.5% - 0.0% 95.1% - 0.5%

7-2011 94.9% - 0.9% 94.6% - 0.3%

Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold

in a given month, not accounting for seller concessions.

93.5% 92.9%95.8% 95.0%94.9% 94.6%

July

201120102009 201120102009

92.5% 91.8%95.7% 95.1%95.1% 94.8%

Year to Date

201120102009 201120102009

Average 95.2% + 0.2% 94.8% + 0.4%


Single-Family Condo

90.0%

92.5%

95.0%

97.5%

100.0%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Percent of Original List Price Received Single-Family Condo

-0.3%+2.2%-0.9%+2.5%

Single-Family Condo

-0.3%+3.5%-0.6%+3.5%




Single-

Family

YoY

Chg.Condo

YoY

Chg.

8-2010 66 - 5.4% 122 + 3.0%

9-2010 66 + 4.2% 121 + 0.4%

10-2010 66 + 9.4% 123 + 6.9%

11-2010 67 + 8.9% 124 + 5.4%

12-2010 66 + 3.3% 122 + 8.9%

1-2011 68 + 9.6% 126 + 8.0%

2-2011 68 + 5.7% 119 - 1.5%

3-2011 69 + 14.5% 119 + 3.9%

4-2011 69 + 3.2% 121 + 8.0%

5-2011 69 + 9.4% 125 + 13.2%

6-2011 70 + 8.2% 126 + 6.4%

7-2011 70 + 6.5% 128 + 11.8%

This index measures housing affordability for the region. An index of 120 means the median household income was 120%

of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

60

110

64

122

68

136

July

201120102009 201120102009

62

111

66

120

70

128

Year to Date

201120102009 201120102009

Average 68 123


Single-Family Condo

40

60

80

100

120

140

160

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Housing Affordability Index Single-Family Condo

+11.8%+10.3%+6.5%+6.8%

Single-Family Condo

+6.1%+8.1%+6.0%+6.6%



Inventory of Homes for SaleThe number of properties available for sale in active status at the end of a given month.

Single-

Family

YoY

Chg.Condo

YoY

Chg.

8-2010 1,779 - 7.7% 2,260 - 8.9%

9-2010 1,742 - 5.8% 2,309 - 2.2%

10-2010 1,722 + 0.6% 2,280 + 1.2%

11-2010 1,686 + 1.6% 2,267 + 3.5%

12-2010 1,655 + 5.3% 2,230 + 5.6%

1-2011 1,477 + 2.4% 2,056 + 5.7%

2-2011 1,462 - 5.4% 2,051 + 1.8%

3-2011 1,479 - 7.2% 2,042 - 0.5%

4-2011 1,505 - 8.5% 1,985 - 4.9%

5-2011 1,533 - 7.5% 1,985 - 5.5%

6-2011 1,557 - 8.8% 1,994 - 6.3%

7-2011 1,511 - 12.5% 1,971 - 10.8%

2,012

2,577

1,727

2,210

1,511

1,971

July

201120102009 201120102009

Average 1,592 - 4.6% 2,119 - 1.9%


Single-Family Condo

1,000

1,250

1,500

1,750

2,000

2,250

2,500

2,750

3,000

3,250

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Inventory of Homes for Sale Single-Family Condo

-10.8%-14.2%-12.5%-14.2%



Months Supply of InventoryThe inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

Single-

Family

YoY

Chg.Condo

YoY

Chg.

8-2010 7.0 - 23.7% 6.5 - 28.3%

9-2010 6.7 - 22.1% 6.7 - 21.9%

10-2010 6.7 - 13.6% 6.7 - 13.8%

11-2010 6.5 - 10.9% 6.8 - 6.8%

12-2010 6.4 - 4.7% 6.7 - 1.6%

1-2011 5.7 - 6.1% 6.2 - 0.0%

2-2011 5.6 - 12.9% 6.0 - 4.2%

3-2011 5.7 - 12.8% 6.0 - 3.4%

4-2011 5.9 - 9.8% 5.9 - 3.7%

5-2011 6.2 - 4.2% 6.1 + 1.9%

6-2011 6.3 - 5.9% 6.0 - 1.0%

7-2011 6.0 - 11.1% 5.9 - 7.1%

9.69.3

6.76.3

6.0 5.9

July

201120102009 201120102009

Average 6.2 - 12.1% 6.3 - 8.7%


Single-Family Condo

1

2

3

4

5

6

7

8

9

10

11

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011

Historical Months Supply of Inventory Single-Family Condo

-7.1%-31.9%-11.1%-30.1%

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