Real Estate in Hawaii is Still Hot

Real estate in Hawaii is still pretty hot. Their appears to be more inventory now, which may be the first sign that it is cooling off, but the prices have still remained high. Here are some stats on the Real Estate Market in Oahu by Harvey Shapiro who is a research economist: "The median sales price for houses rose 18.1 percent to $625,000 from $529,100 a year earlier but edged up just 0.8 percent from $620,000 in the fourth quarter of 2005. There were 943 sales last quarter, 34 less than the year-earlier quarter."
Out of all the Hawaiian Islands Kauai is still the highest at a median home price of $650K. For more information on Real Estate in Hawaii take a look at this site: http://www.awnow.com/pr2k/