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Oahu Real Estate Report

December 2017

Market Statistics

Sales Activity Mixed, Condo Sales Unusually Low

Home sales were up 5% in December year-over-year, consistent with the annual trend. Condo sales took an unexpected dip in December, down 13% from last year.

Prices Show Continued Increases in December

Median prices rose over last year again, up 3% for homes to $750,000 and up 5% for condos to $412,000.

Brisk Sales Pace Continues

Homes and Condos are selling quickly through the end of 2017. Median Days on Market on December was 21 days for Homes and 21 days for Condos - properties listed for sale are going to offer acceptance in about 3 weeks.

SINGLE FAMILY HOMES   DECEMBER 2017   NOVEMBER 2017   DECEMBER 2016
Median Sale Price $750,000 $780,000 $731,000
Average Sale Price $868,000 $946,000 $938,000
Homes Sold 369 347 353
Median Days on Market 21 17 19
Bid Ups 31% 27% 33%
CONDOMINIUMS   DECEMBER 2017   NOVEMBER 2017   DECEMBER 2016
Median Sale Price $412,000 $408,000 $394,000
Average Sale Price $498,000 $475,000 $449,000
Condos Sold 469 515 538
Median Days on Market 20 21 20
Bid Ups 21% 23% 22%
MARKET REPORTS

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