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Competition Continues To Set Records
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Competition Continues To Set Records
Q3 2018
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Prices rose again for both homes and condos in Q3 2018, with the Hawaii State median home price up 5.3% to $699,900 and the median condo price up 4.9% to $435,000.
Sales activity was mixed in Q3 2018 statewide, with home sales down 4.7% and condo sales stable from sales in Q3 last year.
Statewide, about 1 in every 5 homes and 1 in every 6 condos sold was bid-up over asking price in Q3 2018. The majority of this bid-up activity is on the island of Oahu.
| SINGLE FAMILY HOMES | This Quarter 2018 Q3 | Last QUARTEr 2018 Q2 | Last YEAr 2017 Q3 |
|---|---|---|---|
| Median Sale Price | $699,900 | $690,000 | $670,000 |
| Average Sale Price | $864,433 | $866,603 | $837,845 |
| Homes Sold | 2,063 | 2,082 | 2,165 |
| Median Days on Market | 30 | 61 | 61 |
| Bid Ups | 20% | 20% | 21% |
| CONDOMINIUMS | This Quarter 2018 Q3 | Last QUARTEr 2018 Q2 | Last YEAr 2017 Q3 |
|---|---|---|---|
| Median Sale Price | $435,000 | $430,000 | $415,000 |
| Average Sale Price | $563,597 | $581,679 | $528,908 |
| Condos Sold | 2,252 | 2,527 | 2,247 |
| Median Days on Market | 31 | 43 | 34 |
| Bid Ups | 15% | 17% | 20% |
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