On any given day, it might be blistering hot in Kaimuki and cool in Makakilo. Pouring rain in Laie and bone dry in Makaha. Oahu’s weather report rarely gives you a perfect understanding of what the weather will be like where you live. That’s because Oahu has many microclimates. And like our microclimates, the real estate market has many “micromarkets” across the island.

The summer season brings out buyers and sellers who are making their moves before autumn and the holidays approach. With interest rates continuing to be very low and home prices attractive, it can be hard to argue that buying now is a bad decision to make.

But, is it a good time for YOU to buy or sell? Overall market statistics only give you a flavor of what’s happening in the real estate market. The situation can vary tremendously by city, neighborhood, or even street—our micromarkets. That’s why our advice to each of our clients is tailored to them—their goals and their resources, combined with the highly researched and specific statistics that a Coldwell Banker professional will analyze and share.

Below is a snapshot of the local real estate market as of June 30, 2010. Let us provide you with a more thorough analysis of your micromarket. Call us at 808-597-5550 or click here to be connected with a Coldwell Banker Pacific Properties sales associate. With summer in full swing, it’s a great time to evaluate your situation and confirm your goals.

Sales of Single Family Homes and Condos as of June 30, 2010.

Sales of single family homes increased 8.4% in June of 2010 compared to June, 2009. Condominium sales were up 38% compared to last June.

Median Sales Price of Single Family Homes and Condos as of June 30, 2010.

The median sales price of single family homes increased 0.9% to $575,000 in June, 2010 compared to the same month in 2009. The median sales price for condominiums decreased 3.2% to $300,000 for the same period. Please consult with us to learn about the current market value of your home or of homes in neighborhoods of interest.

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Explore Hawaii: Hawaii Real Estate & Homes for Sale | Hawaii Homes for Sale | Hawaii Home Buying | Hawaii Real Estate Sales | Hawaii Realtors

Hawaii real estate information and all other Hawaii home and condo information contained in this web site is provided to you by Coldwell Banker Pacific Properties (CBP). CBP is a full-service real estate company in Hawaii with offices in Honolulu, Waikiki, Kailua, Kahala (East Oahu), and Aiea (West Oahu). Our realtors represent home buyers and sellers on Hawaii residential properties such as single-family homes, townhouses, and condominiums on Oahu as well as Kauai, Maui, and the Big Island of Hawaii. This online resource contains data not only from CBP and its realtors but also outside sources such as Hawaii MLS (multiple listing service). Hawaii MLS data provides information on homes for sale on Oahu featuring properties from a variety of areas including premium beach front, resort, and waterfront real estate properties and such locations as Honolulu, Waikiki, Diamond Head, Kahala, Hawaii Kai, Hawaii Loa Ridge, Waialae Iki, Kailua, Kaneohe, Mililani, Kapolei, Ewa, Ko Olina, North Shore, and Portlock. Hawaii MLS also features real property listings on Kauai, Maui, and the Big Island of Hawaii. CBP realtors can help you find your dream home or an investment property that is right for you. Luxury beach front homes, luxury condos, and luxury golf course homes are a specialty of our Oahu real estate team. Additionally, they can help you list your property using innovative and exclusive marketing tools. CBP can also provide you with services such as residential and corporate relocation, a concierge program to make your home buying or selling experience a smooth one, as well as other real estate transaction services such as home loan financing and real estate settlement services.