
Hawaii's most accurate home valuation tool.
Start Tracking your home's value today!
Start Tracking your home's value today!
Competition Continues To Set Records
Are you interested in a real estate career in Hawaii?
July 2022
ShareMedian Prices appear to be leveling in 2022 and are still above last year. July median prices of $1,108,000 for homes and $500,000 for condos are up 11% and 6% from last year, respectively. Median prices continue to face upward pressure from strong demand, low inventory, and competitive market conditions, even as they moderate.
Sales in July are down from last year, -24% for homes and down -25% for condos over July 2021. Year-to-date, home sales are now down -11% from last year, while condo sales are flattening, up 2%.
Bid-ups eased in July, yet are still at very high levels; 49.4% of homes sold in July, and 36.5% of condos sold were bid-up over asking price. Bid-ups are a result of competitive bidding and are an indicator of strong demand. These competitive market conditions point to rising prices continuing through 2022.
SINGLE FAMILY HOMES | This Month JULY 2022 | Last Month JUNE 2022 | Last Year JULY 2021 |
---|---|---|---|
Median Sale Price | $1,107,944 | $1,105,000 | $1,000,000 |
Average Sale Price | $1,334,905 | $1,377,117 | $1,268,971 |
Homes Sold | 314 | 368 | 416 |
Median Days on Market | 12 | 11 | 10 |
Bid Ups | 46% | 63% | 65% |
CONDOMINIUMS | This Month JULY 2022 | Last Month JUNE 2022 | Last Year JULY 2021 |
---|---|---|---|
Median Sale Price | $500,000 | $535,000 | $470,000 |
Average Sale Price | $590,701 | $631,813 | $539,899 |
Condos Sold | 519 | 629 | 674 |
Median Days on Market | 12 | 12 | 12 |
Bid Ups | 37% | 43% | 36% |
Congratulations, you have access to Hawaii's most comprehensive Real Estate Search! Please help us to better serve you by answering these optional questions.
This email is already registered. Click the button below and we'll send you a link to reset your password.
You have already registered using your FB account.
Check your inbox for an email from brokersmls@locationshawaii.com. It contains a link to reset your password.
The agent who gave you access to this website is no longer with Locations LLC.
Due to local MLS regulations, you will need to re-register if you would like to continue your access.
We will pre-fill the registration form with information in our files. Once you click Register you can either select a new agent or one will be assigned for you.
Sorry for the inconvenience, Locations LLC.
Request an appointment to view this property by completing the information below. Please note your appointment is not confirmed until an agent calls you.
Disclaimer: The properties we may show you may be Locations LLC listings or listings of other brokerage firms. Professional protocol requires agent to set up an appointment with the listings agent to show a property. Locations, LLC may only show properties marked "Active" and "ACS".
Keep your eye on this property! Save this listing and receive e-mail updates if the status of the property changes.
Share this property by completing the the form below. Your friend will receive an e-mail from you with a link to view the details of this property.
Send a message and we'll respond shortly.
We will not rent, share, or sell your information. Privacy Policy.