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Hawaii Statewide Real Estate Report

December 2017

Market Statistics

Prices are up

Prices rose again for Hawaii homes and condos in December 2017, with the Hawaii State median home price up 2.3% to $665,000 and the median condo price up 5.9% to $415,000 from December of last year.

Sales Slightly Lower

The number of sales fell slightly in December 2017, down 2.4% for homes and down 5.5% for condos statewide.

Demand for Hawaii Homes and Condos

Statewide, about 1 in every 5 homes or condos sold was bid-up over asking price in December. The majority of this bid-up activity is on the island of Oahu.

SINGLE FAMILY HOMES   DECEMBER 2017   NOVEMBER 2017   DECEMBER 2016
Median Sale Price $665,000 $689,000 $650,000
Average Sale Price $784,000 $912,000 $798,000
Homes Sold 698 654 715
Median Days on Market 44 32 97
Bid Ups 23% 21% 22%
CONDOMINIUMS   DECEMBER 2017   NOVEMBER 2017     DECEMBER 2016
Median Sale Price $415,000 $405,000 $392,000
Average Sale Price $530,000 $518,000 $469,000
Condos Sold 717 735 759
Median Days on Market 43 51 37
Bid Ups 18% 18% 18%
MARKET REPORTS

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