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Competition Continues To Set Records
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Competition Continues To Set Records
Q2 2018
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Oahu prices rose again in 2018 Q2, with the median home price up 3.5% to $784,000 and the median condo price up 4.9% to $428,000.
Oahu sales activity was mixed again in Q2 2018. Oahu home sales were down 3.5% from Q2 last year; condo sales were up 1.8% from last year.
The Oahu market is very competitive, with about 1 in every 4 homes and 1 in every 5 condos sold bid-up over asking price in Q2 2018.
| SINGLE FAMILY HOMES | This Quarter 2018 Q2 | Last QUARTEr 2018 Q1 | Last YEAr 2017 Q2 |
|---|---|---|---|
| Median Sale Price | $784,000 | $777,250 | $757,000 |
| Average Sale Price | $992,635 | $980,634 | $920,620 |
| Homes Sold | 1,016 | 792 | 1,053 |
| Median Days on Market | 17 | 17 | 15 |
| Bid Ups | 27% | 30% | 32% |
| CONDOMINIUMS | This Quarter 2018 Q2 | Last QUARTEr 2018 Q1 | Last YEAr 2017 Q2 |
|---|---|---|---|
| Median Sale Price | $428,000 | $430,000 | $408,000 |
| Average Sale Price | $527,199 | $508,223 | $473,232 |
| Condos Sold | 1,614 | 1,284 | 1,586 |
| Median Days on Market | 19 | 20 | 15 |
| Bid Ups | 21% | 19% | 23% |
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