Temperatures in the mid to high 80’s mean that summer is definitely here.  And, that means more visits to the beach, outings to the park and taking in movie matinees when you want to duck out of the heat.

One thing you might want to add to your list of summer activities is a visit to a few Coldwell Banker Open Houses.  See what’s on the market and get a personal glimpse into what’s happening in today’s real estate market. That could give you a good idea of what your money will buy today, or how much your home might be worth.

And, if you’re ready to jump into the market, it’s a good time.  Home and condominium prices continue to stay relatively stable.  Sales are also quite brisk, as you can see in the charts below, and interest rates are incredibly low.

Every Sunday, you’ll find a Coldwell Banker Pacific Properties agent at over 100 homes across Oahu open and ready to welcome you, typically between 2 and 5pm.  And, even on some Wednesdays and Thursdays, you’re invited to visit any home where you see a Coldwell Banker Open House sign displayed. 

So, come as you are--from the beach, from the park from the movies, or from your couch.  And, enjoy your summer.

               
    Sales of Single Family Homes and Condos as of May 31, 2010.    
               
   

Sales of single family homes increased 31.5% in May of 2010 compared to May, 2009.  Condominium sales were also up an impressive 35.5% compared to last May.   

     
               
    Median Sales Price of Single Family Homes and Condos as of May 31, 2010.  
               
   

The median sales price of single family homes increased 11.8% to $606,000 in May, 2010 compared to the same month in 2009.  The median sales price for condominiums increased 4.2% for the same period.  As you can see from this chart, home prices have been relatively stable over the past year.  Please contact us to learn about the current market value of your home or of homes in neighborhoods of interest.