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Competition Continues To Set Records
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Competition Continues To Set Records
Q1 2018
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Oahu prices rose again in 2018 Q1, with the median home price up 3.2% to $773,750 and the median condo price up 8.2% to $430,500.
Oahu sales activity is relatively flat in Q1 2018. Oahu home sales were down 2.0% from Q1 last year; condo sales were down 0.3% from last year.
The Oahu market is very competitive, with about 1 in every 3 homes and 1 in every 5 condos sold bid-up over asking price in Q1 2018.
| SINGLE FAMILY HOMES | This Quarter 2017 Q4 | Last QUARTEr 2017 Q3 | Last YEAr 2016 Q4 |
|---|---|---|---|
| Median Sale Price | $760,000 | $765,000 | $740,000 |
| Average Sale Price | $914,502 | $920,280 | $894,396 |
| Homes Sold | 1,087 | 1,106 | 1,989 |
| Median Days on Market | 17 | 18 | 20 |
| Bid Ups | 29% | 31% | 31% |
| CONDOMINIUMS | This Quarter 2017 Q4 | Last QUARTEr 2017 Q3 | Last YEAr 2016 Q4 |
|---|---|---|---|
| Median Sale Price | $407,750 | $425,000 | $397,000 |
| Average Sale Price | $483,244 | $494,170 | $452,930 |
| Condos Sold | 1,486 | 1,607 | 1,411 |
| Median Days on Market | 21 | 17 | 20 |
| Bid Ups | 23% | 25% | 23% |
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