Experience Urban Living at Kapiolani Residence
February median sale prices are $760,000 for single‐family homes and $390,000 for condos, up 9% and 3% respectively from last year.
As strong competition continues, more homes and condos are bid‐up over their asking price, and median prices are pushed upward. In February, 1 in every 3 homes sold and 1 in every 4 condos sold were bid‐up over asking price.
Condo sales are starting off strong in 2017, with year‐to‐date sales up 14% over 2016 and up 30% over 2015.
Low inventory and pent‐up demand are the main factors driving the competitive Oahu market. If no new properties came on the market, the current supply of listings would sell out in under 3 months.
|SINGLE FAMILY HOMES||This Month MARCH 2017||Last Month FEBRUARY 2017||Last Year MARCH 2016|
|Median Sale Price||$754,000||$760,000||$726,000|
|Average Sale Price||$933,000||$900,000||$904,000|
|Median Days on Market||17||22||20|
|CONDOMINIUMS||This Month MARCH 2017||Last Month FEBRUARY 2017||Last Year MARCH 2016|
|Median Sale Price||$400,000||$390,000||$385,000|
|Average Sale Price||$464,000||$478,000||$457,000|
|Median Days on Market||16||22||21|
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