oahumonthlyindicators sept 2011

8/3/2019 OahuMonthlyIndicators Sept 2011

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Monthly IndicatorsA RESEARCH TOOL PROVIDED BY THE HONOLULU BOARD OF REALTORS

September 2011 Quick Facts

+ 4.0%Change in

Closed Sales

Single-Family Only

+ 19.0%

Change in

Closed Sales

Condo Only

+ 11.9%

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

Data is refreshed regularly to capture changes in market activity. Figures shown may be different than previously reported. Current as of October 6, 2011. All data from HiCentral MLS, Ltd. Powered by 10K Research and Marketing.

Single-Family Market Overview

Condo Market Overview

Closed Sales

Median Sales Price

Average Sales Price

New Listings

Pending Sales

Days On Market Until Sale


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

Key Metrics Historical Sparklines 9-2010 9-2011 + / YTD 2010 YTD 2011 + /

- 8.8% 32 35 + 9.4%

- 8.1%

240 326 + 35.8% 2,390 2,391 + 0.0%

3,895439 378 - 13.9% 4,237

+ 4.0% 2,252

New Listings

Pending Sales

Closed Sales

Days on Market Until Sale

2,200 - 2.3%

34 31

273 284

9-2008 9-2009 9-2010 9-2011

9-2008 9-2009 9-2010 9-2011

9-2008 9-2009 9-2010 9-2011

9-2008 9-2009 9-2010 9-2011

66

--

-- --

--

--

+ 16.2%

- 14.6%

- 11.6%

1,486

5.9

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

- 8.1% $598,000 $570,000

- 0.4%+ 0.0% 95.5% 95.2%

Months Supplyof Homes for Sale

$690,628 - 17.5%

95.2%


Inventory of Homes for Sale

6.7

74

- 4.7%Median Sales Price

Average Sales Price

Percent of Original

List Price Received

$837,082

95.2%

64

1,741

74 + 12.5%

--

$718,358 $702,307 - 2.2%

$620,000 $570,000

9-2008 9-2009 9-2010 9-2011

9-2008 9-2009 9-2010 9-2011

9-2008 9-2009 9-2010 9-2011

9-2008 9-2009 9-2010 9-2011

9-2008 9-2009 9-2010 9-2011

9-2008 9-2009 9-2010 9-2011


3/13


4/13

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

Single-

Family

YoY

Chg.Condo

YoY

Chg.

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% 333 - 9.5%

6-2011 250 - 15.3% 366 - 17.2%

7-2011 255 - 5.6% 307 - 6.1%

8-2011 283 + 22.5% 343 + 16.7%

9-2011 284 + 4.0% 364 + 19.0%

253

354

273

306

284

364

September

201120102009 201120102009

1,868

2,4212,252

2,989

2,200

3,030

Year to Date

201120102009 201120102009

Total 3,005 - 2.2% 4,022 - 2.9%


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

+19.0%-13.6%+4.0%+7.9%

Single-Family Condo+1.4%+23.5%-2.3%+20.6%


5/13

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.

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% $289,500 - 5.1%

6-2011 $570,000 - 2.1% $300,000 0.0%

7-2011 $583,500 - 3.5% $277,000 - 7.7%

8-2011 $555,000 - 13.5% $300,000 - 1.0%

9-2011 $570,000 - 8.1% $316,500 - 4.1%

$605,000

$309,500

$620,000

$330,000

$570,000

$316,500

September

201120102009 201120102009

$575,000

$305,000

$598,000

$305,000

$570,000

$302,500

Year to Date

201120102009 201120102009

Median $575,000 - 2.5% $302,540 - 0.8%


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

-4.1%+6.6%-8.1%+2.5%

Single-Family Condo-0.8%0.0%-4.7%+4.0%


6/13

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.

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% $340,877 - 8.0%

6-2011 $644,582 - 5.3% $368,659 + 10.0%

7-2011 $751,102 + 2.8% $340,631 - 5.7%

8-2011 $700,278 - 12.1% $348,711 - 0.7%

9-2011 $690,628 - 17.5% $369,685 - 7.7%

$752,651

$358,856

$837,082

$400,445

$690,628

$369,685

September

201120102009 201120102009

$685,797

$347,886

$718,358

$355,742

$702,307

$357,669

Year to Date

201120102009 201120102009

Average $700,226 - 1.8% $360,003 + 1.7%


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

- 7.7%+ 11.6%- 17.5%+ 11.2%

Single-Family Condo+ 0.5%+ 2.3%- 2.2%+ 4.7%


7/13

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.

10-2010 403 - 0.2% 513 - 5.9%

11-2010 386 + 21.8% 476 + 0.8%

12-2010 275 - 5.5% 422 + 5.0%

1-2011 402 - 12.6% 601 + 5.4%

2-2011 409 - 5.1% 579 - 1.7%

3-2011 481 - 12.1% 628 - 12.2%

4-2011 451 - 14.6% 553 - 18.7%

5-2011 448 + 6.7% 583 + 14.5%

6-2011 472 + 1.3% 590 - 7.2%

7-2011 447 - 8.4% 518 - 19.8%

8-2011 407 - 11.1% 579 - 8.5%

9-2011 378 - 13.9% 535 - 6.5%

388

612

439

572

378

535

September

201120102009 201120102009

3,961

5,406

4,237

5,550

3,895

5,166

Year to Date

201120102009 201120102009

Average 4,959 - 5.5% 6,577 - 5.6%


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

-6.5%-6.5%-13.9%+13.1%

Single-Family Condo-6.9%+2.7%-8.1%+7.0%


8/13

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

Single-

Family

YoY

Chg.Condo

YoY

Chg.

10-2010 281 + 9.8% 305 - 16.0%

11-2010 220 - 3.1% 284 - 9.0%

12-2010 203 + 4.1% 288 + 9.1%

1-2011 234 + 4.9% 359 + 29.1%

2-2011 229 - 3.0% 339 - 4.5%

3-2011 259 - 17.0% 400 - 6.1%

4-2011 235 - 28.1% 333 - 26.3%

5-2011 257 + 7.5% 365 + 25.4%

6-2011 292 + 17.7% 325 + 6.6%

7-2011 270 + 0.7% 351 + 6.0%

8-2011 289 - 2.7% 397 + 15.7%

9-2011 326 + 35.8% 396 + 17.9%

287

425

240

336326

396

September

201120102009 201120102009

2,160

2,839

2,390

3,117

2,391

3,265

Year to Date

201120102009 201120102009

Average 3,095 + 0.9% 4,142 + 2.1%


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

+17.9%-20.9%+35.8%-16.4%

Single-Family Condo+4.7%+9.8%+0.0%+10.6%


9/13

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.

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% 37 + 30.4%

7-2011 34 - 10.5% 36 0.0%

8-2011 31 - 11.4% 41 + 24.2%

9-2011 31 - 8.8% 39 + 6.9%

54

44

3436

31

39

September

201120102009 201120102009

52 53

3231

35

40

Year to Date

201120102009 201120102009

Average 35 0.0% 40 + 14.3%


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

+6.9%-17.2%-8.8%-37.0%

Single-Family Condo

+29.0%-41.5%+9.4%-38.5%


10/13

Percent of Original List Price Received

Single-

Family

YoY

Chg.Condo

YoY

Chg.

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%

8-2011 95.4% + 0.5% 94.6% + 0.0%

9-2011 95.2% + 0.0% 94.2% - 1.1%

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

in a given month, not accounting for seller concessions.

92.6% 93.7%95.2% 95.2%95.2% 94.2%

September

201120102009 201120102009

92.6% 92.2%95.5% 95.0%95.2% 94.7%

Year to Date

201120102009 201120102009

Average 95.2% - 0.1% 94.7% - 0.0%


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

-1.1%+1.6%+0.0%+2.8%

Single-Family Condo

-0.3%+3.1%-0.4%+3.2%


11/13


Single-

Family

YoY

Chg.Condo

YoY

Chg.

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 + 13.4%

6-2011 70 + 9.1% 127 + 6.7%

7-2011 70 + 7.8% 128 + 11.8%

8-2011 73 + 21.3% 131 + 6.7%

9-2011 74 + 16.2% 131 + 11.2%

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.

61

113

64

114

74

126

September

201120102009 201120102009

64

115

66

121

74

131

Year to Date

201120102009 201120102009

Average 69 125


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

+11.2%+0.4%+16.2%+4.2%

Single-Family Condo

+8.1%+6.0%+12.5%+2.9%


12/13

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.

10-2010 1,722 + 0.6% 2,283 + 1.4%

11-2010 1,688 + 1.7% 2,273 + 3.8%

12-2010 1,658 + 5.5% 2,236 + 5.9%

1-2011 1,480 + 2.6% 2,064 + 6.1%

2-2011 1,466 - 5.1% 2,062 + 2.4%

3-2011 1,484 - 6.8% 2,062 + 0.5%

4-2011 1,519 - 7.5% 2,009 - 3.7%

5-2011 1,553 - 6.3% 2,017 - 4.0%

6-2011 1,588 - 7.0% 2,041 - 4.0%

7-2011 1,552 - 10.1% 2,032 - 8.0%

8-2011 1,570 - 11.7% 1,980 - 12.4%

9-2011 1,486 - 14.6% 1,866 - 19.3%

1,849

2,360

1,741

2,311

1,486

1,866

September

201120102009 201120102009

Average 1,564 - 5.1% 2,077 - 2.9%


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

-19.3%-2.1%-14.6%-5.8%


13/13

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.

10-2010 6.7 - 13.6% 6.8 - 13.7%

11-2010 6.5 - 10.8% 6.8 - 6.5%

12-2010 6.4 - 4.5% 6.8 - 1.4%

1-2011 5.7 - 5.9% 6.2 + 0.3%

2-2011 5.7 - 12.6% 6.1 - 3.7%

3-2011 5.7 - 12.4% 6.1 - 2.5%

4-2011 6.0 - 8.7% 6.0 - 2.4%

5-2011 6.3 - 2.6% 6.2 + 3.7%

6-2011 6.4 - 3.6% 6.1 + 1.7%

7-2011 6.2 - 8.1% 6.1 - 3.8%

8-2011 6.2 - 10.3% 5.9 - 9.4%

9-2011 5.9 - 11.6% 5.5 - 18.0%

8.6 8.6

6.7 6.7

5.95.5

September

201120102009 201120102009

Average 6.2 - 8.8% 6.2 - 5.0%


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

-18.0%-21.8%-11.6%-22.2%

oahumonthlyindicators sept 2011

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