ranking real estate

The median sales price for homes in ZIP code 96720 for Sep 09 to Nov 09 was $280,000. This represents an increase of 24.4%, or $55,000, compared to the prior quarter and an increase of 27.3% compared to the prior year. Sales prices have appreciated 14.9% over the last 5 years in 96720, Hilo.

The median sales price of $280,000 for 96720 is 0.00% higher than the median sales price for Hilo HI. Average listing price for homes on Trulia in ZIP code 96720 was $438,336 for the week ending Dec 30, which represents an increase of 1.1%, or $4,706 compared to the prior week and an increase of 8.6%, or $34,894, compared to the week ending Dec 09. Average price per square foot for homes in 96720 was $263 in the most recent quarter, which is 0.00% higher than the average price per square foot for homes in Hilo.

96720, Hilo Recently Sold Homes

96720, Hilo Recently Sold Homes

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Phoenix Recently Sold Homes

Phoenix Recently Sold Homes

Phoenix Summary
The median sales price for homes in Phoenix AZ for Aug 09 to Oct 09 was $97,000. This represents an increase of 3.3%, or $3,058, compared to the prior quarter and a decrease of 33.3% compared to the prior year. Sales prices have depreciated 36.4% over the last 5 years in Phoenix.

The average listing price for Phoenix homes for sale on Trulia was $283,513 for the week ending Nov 04, which represents an increase of 0.5%, or $1,378, compared to the prior week and a decline of 0.7%, or $2,048, compared to the week ending Oct 14. Average price per square foot for Phoenix AZ was $78, a decrease of 31% compared to the same period last year. Popular neighborhoods in Phoenix include Camelback East, Paradise Valley, North Mountain, Deer Valley, Maryvale, and South Mountain.

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Las Vegas Recently Sold Homes

Las Vegas Recently Sold Homes

Las Vegas Summary
The median sales price for homes in Las Vegas NV for Aug 09 to Oct 09 was $130,000. This represents a decline of 2.6%, or $3,500, compared to the prior quarter and a decrease of 31.2% compared to the prior year. Sales prices have depreciated 51.3% over the last 5 years in Las Vegas.

The average listing price for Las Vegas homes for sale on Trulia was $285,089 for the week ending Nov 04, which represents a decline of 1.9%, or $5,431, compared to the prior week and a decline of 3.1%, or $9,271, compared to the week ending Oct 14. Average price per square foot for Las Vegas NV was $104, a decrease of 22.4% compared to the same period last year. Popular neighborhoods in Las Vegas include Las Vegas, Summerlin, Sunrise Manor, Spring Valley, Summerlin South, and Winchester.

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In looking at the Hilo Market over the past 8 months, it appears for the time being that we can say April 2009 was the bottom of the Hilo Residential Market in terms of Median Home Price.

Below is a chart of Zillow’s Home Value Index for 96720.  The chart is also confirmed by MLS data provided by Hawaii Information.

Per Hawaii Information:  South Hilo Median home pricing was at its lowest in April which posted a Monthly Median Home Price (on sales) of $202,000 this brought the Year-To-Date (YTD) Median Home price to $247,000.

Since April the following Median Prices were posted:

May 2009  – $262,500   YTD – $250,000
June 2009 – $280,000 YTD – $256,250
July 2009 – $260,000 YTD – $257,700
Aug. 2009 – $320,000 YTD – $263,750
Sept. 2009 – $288,000 YTD – $270,000
Oct. 2009 – $285,000 YTD – $277,000

In last month’s 3rd Quarter market report, I said that “overall median home prices have continued to fall”, that would need to be tempered a bit, by the above reflective data. The jump of roughly $19,300 in median price over the past 3 months is significant when looking at Median Pricing over the whole of 2009. When compared to a Median Price rise of only $10,700 over the previous 3 months (May-July) the increase is significant.

I still agree that the main concerns for Hawaii County are that of job loss and loss of income to the general workforce. While not illustrated in the past 6 months data for South Hilo, this should be taken into account when evaluating the residential marketplace.

The Federal Government’s continued focus on tax credits should have a continued positive effect on market activity, as should the current low interest rates on home mortgages.

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Keaau Recently Sold Homes

Keaau Recently Sold Homes

Keaau Summary

The median sales price for homes in Keaau HI for Aug 09 to Oct 09 was $192,500. This represents a decline of 10%, or $21,500, compared to the prior quarter and a decrease of 2.7% compared to the prior year. Sales prices have depreciated 12.5% over the last 5 years in Keaau.

The average listing price for Keaau homes for sale on Trulia was $318,787 for the week ending Nov 04, which represents an increase of 0.8%, or $2,550, compared to the prior week and an increase of 0.4%, or $1,199, compared to the week ending Oct 14. Average price per square foot for Keaau HI was $179, an increase of 2.3% compared to the same period last year.

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New York Summary
The median sales price for homes in New York NY for Jul 09 to Sep 09 was $960,000. This represents a decline of 3.2%, or $32,000, compared to the prior quarter and a decrease of 14.3% compared to the prior year. Sales prices have appreciated 58.7% over the last 5 years in New York.

The average listing price for New York homes for sale on Trulia was $1,993,857 for the week ending Oct 21, which represents a decline of 0.7%, or $14,433, compared to the prior week and a decline of 1.2%, or $25,044, compared to the week ending Sep 30. Average price per square foot for New York NY was $1,167, a decrease of 12.8% compared to the same period last year. Popular neighborhoods in New York include Upper East Side, Upper West Side, Harlem, West Village, Chelsea, and Greenwich Village.

New York Recently Sold Homes

New York Homes For Sale

New York Recently Sold Homes

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