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Oahu Quarterly Real Estate Report

Q2 2018

Market Statistics

Prices Rising

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.

Sales Mixed

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.

Competitive Oahu Market

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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