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Oahu Quarterly Real Estate Report

Q4 2017

Market Statistics

Prices Rising

Oahu prices rose in Q4, with the median home price up 2.7% to $760,000 and the median condo price up 2.7% to $407,750.

Sales Increasing

Oahu sales activity is increasing. In 2017 Q4, Oahu home sales were up 9.9% from Q4 last year; condo sales were up 5.3% from last year.

Competitive Oahu Market

The Oahu market is very competitive, with about 1 in every 3 homes and 1 in every 4 condos sold bid-up over asking price in Q4 2017.

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%

MARKET REPORTS

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