dec 2010 housing monthly indicators

8/8/2019 Dec 2010 Housing Monthly Indicators

1/13

Contents

Monthly IndicatorsDecember 2010

ose a esMedian Sales Price 3

Average Sales Price 4

New Listings 5

Pending Sales 6

Days on Market Until Sale 7

Percent of Original List Price Received at Sale 8Housing Affordability Index 9

Inventory of Homes Available 10

Months Supply of Inventory 11

Market Overview 12

Explanation Page 13

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


2/13

Closed SalesA Monthly Indicator from the Honolulu Board of REALTORS

A count of the sales that have closed in a given month.

Single-Family Condo

198

254272

350

306

341

December2008 2009 2010

+ 37.4% + 12.5% + 37.8% - 2.6%

Single-Family Condo

2,738

4,080

2,690

3,566

3,051

3,934

Year to Date 2008 2009 2010

- 1.8% + 13.4% - 12.6% + 10.3%

Single-Family Condo

198

254272

350

306

341

December2008 2009 2010

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

Jan-90 Jan-92 Jan-94 Jan-96 Jan-98 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10

Historical Closed Sales

Single-Family

Condo

+ 37.4% + 12.5% + 37.8% - 2.6%

Single-Family Condo

2,738

4,080

2,690

3,566

3,051

3,934

Year to Date 2008 2009 2010

- 1.8% + 13.4% - 12.6% + 10.3%



3/13

Median Sales PriceA Monthly Indicator from the Honolulu Board of REALTORS

Tthe median sales price for all closed sales in a given month, sold properties only.

Single-Family Condo

$620,000

$300,000

$555,000

$302,500

$587,000

$303,000

December2008 2009 2010

- 10.5% + 5.8% + 0.8% + 0.2%

Single-Family Condo

$620,500

$325,000

$575,000

$305,000

$592,750

$305,000

Year to Date2008 2009 2010

- 7.3% + 3.1% - 6.2% - 0.0%

Single-Family Condo

$620,000

$300,000

$555,000

$302,500

$587,000

$303,000

December2008 2009 2010

$100,000

$175,000

$250,000

$325,000

$400,000

$475,000

$550,000

$625,000

$700,000


Historical Median Sales Price

Single-Family

Condo

- 10.5% + 5.8% + 0.8% + 0.2%

Single-Family Condo

$620,500

$325,000

$575,000

$305,000

$592,750

$305,000

Year to Date2008 2009 2010

- 7.3% + 3.1% - 6.2% - 0.0%



4/13

Average Sales PriceA Monthly Indicator from the Honolulu Board of REALTORS

Tthe average sales price for all c losed sales in a given month, sold properties only.

Single-Family Condo

$775,636

$343,714

$680,362

$355,898

$710,649

$378,525

December2008 2009 2010

- 12.3% + 4.5% + 3.5% + 6.4%

Single-Family Condo

$777,160

$382,620

$689,645

$348,556

$712,251

$359,151

Year to Date2008 2009 2010

- 11.3% + 3.3% - 8.9% + 3.0%

Single-Family Condo

$775,636

$343,714

$680,362

$355,898

$710,649

$378,525

December2008 2009 2010

$200,000

$275,000

$350,000

$425,000

$500,000

$575,000

$650,000

$725,000

$800,000

$875,000

$950,000

Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10

Historical Average Sales Price

Single-Family

Condo

- 12.3% + 4.5% + 3.5% + 6.4%

Single-Family Condo

$777,160

$382,620

$689,645

$348,556

$712,251

$359,151

Year to Date2008 2009 2010

- 11.3% + 3.3% - 8.9% + 3.0%



5/13

New ListingsA Monthly Indicator from the Honolulu Board of REALTORS

A count of the properties that have been newly listed on the market in a given month, regardless of what status they're currently in.

Single-Family Condo

324

469

291

402

270

418

December 2008 2009 2010

- 10.2% - 7.2% - 14.3% + 4.0%

Single-Family Condo

6,315

8,524

4,979

6,826

5,291

6,937

Year to Date 2008 2009 2010

- 21.2% + 6.3% - 19.9% + 1.6%

Single-Family Condo

324

469

291

402

270

418

December 2008 2009 2010

0

250

500

750

1,000

1,250

1,500

1,750

2,000

2,250


Historical New Listings

Single-Family

Condo

- 10.2% - 7.2% - 14.3% + 4.0%

Single-Family Condo

6,315

8,524

4,979

6,826

5,291

6,937

Year to Date 2008 2009 2010

- 21.2% + 6.3% - 19.9% + 1.6%



6/13

Pending SalesA Monthly Indicator from the Honolulu Board of REALTORS

A count of the properties that have offers accepted on them in a given month, regardless of whether or not the sale closes.

Single-Family Condo

151

185195

263

234

329

December2008 2009 2010

+ 29.1% + 20.0% + 42.2% + 25.1%

Single-Family Condo

2,650

3,886

2,840

3,772

3,152

4,037

Year to Date 2008 2009 2010

+ 7.2% + 11.0% - 2.9% + 7.0%

Single-Family Condo

151

185195

263

234

329

December2008 2009 2010

0

250

500

750

1,000

1,250

1,500

1,750

Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10

Historical Pending Sales

Single-Family

Condo

+ 29.1% + 20.0% + 42.2% + 25.1%

Single-Family Condo

2,650

3,886

2,840

3,772

3,152

4,037

Year to Date 2008 2009 2010

+ 7.2% + 11.0% - 2.9% + 7.0%



7/13

Days on Market Until SaleA Monthly Indicator from the Honolulu Board of REALTORS

The median number of days between when a property is first listed and when it is pended.

Single-Family Condo

68

50

32

3836

42

December2008 2009 2010

- 53.3% + 12.7% - 24.0% + 10.5%

Single-Family Condo

52

43

49 49

34 34

Year to Date2008 2009 2010

- 5.8% - 30.6% + 14.0% - 30.6%

Single-Family Condo

68

50

32

3836

42

December2008 2009 2010

0

10

20

30

40

50

60

70

80

90

100


Historical Days on Market Until Sale

Single-Family

Condo

- 53.3% + 12.7% - 24.0% + 10.5%

Single-Family Condo

52

43

49 49

34 34

Year to Date2008 2009 2010

- 5.8% - 30.6% + 14.0% - 30.6%



8/13

Percent of Original List Price Received at SaleA Monthly Indicator from the Honolulu Board of REALTORS

The average percentage found when dividing a property's sales price by the original list price, sold properties only.

Single-Family Condo

90.1% 91.2%

95.8%94.0%

95.6% 94.4%

December2008 2009 2010

+ 6.3% - 0.2% + 3.1% + 0.4%

Single-Family Condo

93.0% 94.1%93.2% 92.7%95.5% 95.0%

Year to Date 2008 2009 2010

+ 0.2% + 2.5% - 1.5% + 2.4%

Single-Family Condo

90.1% 91.2%

95.8%94.0%

95.6% 94.4%

December2008 2009 2010

90.0%

91.0%

92.0%

93.0%

94.0%

95.0%

96.0%

97.0%

98.0%

99.0%

100.0%


Historical Pct. Of Original List Price Received at Sale

Single-Family

Condo

+ 6.3% - 0.2% + 3.1% + 0.4%

Single-Family Condo

93.0% 94.1%93.2% 92.7%95.5% 95.0%

Year to Date 2008 2009 2010

+ 0.2% + 2.5% - 1.5% + 2.4%



9/13

Housing Affordability IndexA Monthly Indicator from the Honolulu Board of REALTORS

A measure of affordability, the higher the number the more affordable housing is relative to income. Detailed explanation below.

Single-Family Condo

56

110

65

113

67

122

December2008 2009 2010

Single-Family Condo

56

103

63

113

66

122

Year to Date 2008 2009 2010

+ 15.0% + 3.0% + 2.8% + 8.0% + 11.3% + 5.5% + 9.7% + 8.1%

Single-Family Condo

56

110

65

113

67

122

December2008 2009 2010

Single-Family Condo

56

103

63

113

66

122

Year to Date 2008 2009 2010

+ 15.0% + 3.0% + 2.8% + 8.0% + 11.3% + 5.5% + 9.7% + 8.1%

25

40

55

70

85

100

115

130

145


Historical Housing Affordability Index

Single-Family Condo

The HAI formula measures affordability for the Honolulu market. An HAI of 120 means the median family income is 120% ofthe necessary income to qualify for the median priced home using a 20% down, 30-year fixed rate mortgage.

Current Median Family Income =

Current Interest Rate =

$79,300

4.78%



10/13

Inventory of Homes AvailableA Monthly Indicator from the Honolulu Board of REALTORS

The number of properties available for sale in active status at the end of the month.

Single-Family Condo

2,161

2,730

1,445

1,946

1,301

1,874

December 2008 2009 2010

- 33.1% - 10.0% - 28.7% - 3.7%

1,000

1,200

1,400

1,600

1,800

2,000

2,200

2,400

2,600

2,800

3,000

3,200


Historical Inventory of Homes Available

Single-Family

Condo

Single-Family Condo

2,161

2,730

1,445

1,946

1,301

1,874

December 2008 2009 2010

- 33.1% - 10.0% - 28.7% - 3.7%



11/13

Months Supply of InventoryA Monthly Indicator from the Honolulu Board of REALTORS

Compares the number of active listings available to the average monthly pending sales for the last twelve months.

Single-Family Condo

10.7

8.8

6.8 6.96.0

6.4

December 2008 2009 2010

- 36.8% - 11.3% - 22.2% - 6.8%

0

1

2

3

4

5

6

7

8

9

10

11


Historical Months Supply of Inventory

Single-Family

Condo

Single-Family Condo

10.7

8.8

6.8 6.96.0

6.4

December 2008 2009 2010

- 36.8% - 11.3% - 22.2% - 6.8%



12/13

Market Overview A Monthly Indicator from the Honolulu Board of REALTORS

Current Year Prior YearPercentChange

Current Year Prior YearPercentChange

Oct 2010 401 404 - 0.7% 511 545 - 6.2%

Nov 2010 383 319 + 20.1% 470 471 - 0.2%

Dec 2010 270 291 - 7.2% 418 402 + 4.0%

Pending Sales Oct 2010 284 256 + 10.9% 308 362 - 14.9%Nov 2010 224 227 - 1.3% 278 309 - 10.0%

Dec 2010 234 195 + 20.0% 329 263 + 25.1%

Closed Sales Oct 2010 245 290 - 15.5% 315 394 - 20.1%

Nov 2010 248 258 - 3.9% 309 402 - 23.1%

Dec 2010 306 272 + 12.5% 341 350 - 2.6%

Days on Market Until Sale Oct 2010 35 52 - 32.7% 32 54 - 40.7%

Nov 2010 41 44 - 6.8% 45 31 + 45.2%

Single-Family Condo

New Listings

Dec 2010 36 32 + 12.7% 42 38 + 10.5%Median Sales Price Oct 2010 $592,500 $604,500 - 2.0% $300,000 $300,000 - 0.0%

Nov 2010 $576,694 $590,000 - 2.3% $314,500 $310,500 + 1.3%

Dec 2010 $587,000 $555,000 + 5.8% $303,000 $302,500 + 0.2%

Average Sales Price Oct 2010 $672,425 $734,397 - 8.4% $351,233 $344,550 + 1.9%

Nov 2010 $701,050 $676,918 + 3.6% $377,747 $350,108 + 7.9%

Dec 2010 $710,649 $680,362 + 4.5% $378,525 $355,898 + 6.4%

Oct 2010 1,613 1,661 - 2.9% 2,172 2,188 - 0.7%

Nov 2010 1,555 1,575 - 1.3% 2,116 2,112 + 0.2%

Dec 2010 1,301 1,445 - 10.0% 1,874 1,946 - 3.7%

Percent of Original List Price Oct 2010 94.4% 93.8% + 0.6% 94.8% 93.1% + 1.8%

Nov 2010 96.0% 93.9% + 2.2% 95.2% 94.4% + 0.8%

Dec 2010 95.6% 95.8% - 0.2% 94.4% 94.0% + 0.4%

Housing Affordability Index Oct 2010 67 61 + 9.4% 124 116 + 6.9%

Nov 2010 69 64 + 8.5% 120 115 + 4.7%

Dec 2010 67 65 + 3.0% 122 113 + 8.0%

Months Supply of Inventory Oct 2010 6.5 7.8 - 17.1% 6.6 7.8 - 16.1%

Nov 2010 6.2 7.3 - 15.4% 6.5 7.3 - 10.8%Dec 2010 6.0 6.8 - 11.3% 6.4 6.9 - 6.8%

Total Active Listings Available

at Month End



13/13

Explanation of MethodologyFrom the Honolulu Board of REALTORS

New ListingsA count of the properties that have been newly listed on the market in a given month, regardless of what statusthey're currently in.

A count of the properties that have offers accepted on them in a given month, regardless of whether or not thesale closes.

A count of the properties that have closed in a given month.

The average number of days between when a property is first listed and when it is pended.Days on Market Until Sale

The median sales price for all closed sales in a given month, sold properties only.

Pending Sales

Closed Sales

Median Sales Price

Compares the number of active listings available to the average monthly pending sales for the last twelve months.

Total Active Listings Available At

Month End

The average percentage found when dividing a property's sales price by the original list price, sold propertiesonly.

Measures affordability in the Honolulu region. An index of 120 would mean that the median family income in theregion is 120% of what's necessary to qualify for the median priced home.

, .

The average sales price for all closed sales in a given month, sold properties only.

The number of properties available for sale in active status at the end of the month.

Average Sales Price

Months Supply of Inventory

Percent of Original List PriceReceived At Sale

Housing Affordability Index


dec 2010 housing monthly indicators

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