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Competition Continues To Set Records
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Competition Continues To Set Records
Q2 2018
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Prices rose again for both homes and condos in Q2 2018, with the Hawaii State median home price up 5.3% to $695,000 and the median condo price up 4.9% to $430,000.
Sales activity was mixed in Q2 2018 statewide, with home sales down 5.5% and condo sales up 7.85% from sales in Q2 last year.
Statewide, about 1 in every 5 homes and 1 in every 6 condos sold was bid-up over asking price in Q2 2018. The majority of this bid-up activity is on the island of Oahu.
| SINGLE FAMILY HOMES | This Quarter 2018 Q1 | Last QUARTEr 2017 Q4 | Last YEAr 2017 Q1 |
|---|---|---|---|
| Median Sale Price | $665,000 | $671,500 | $640,000 |
| Average Sale Price | $917,170 | $833,249 | $810,377 |
| Homes Sold | 1,811 | 2,132 | 1,722 |
| Median Days on Market | 38 | 33 | 42 |
| Bid Ups | 20% | 21% | 20% |
| CONDOMINIUMS | This Quarter 2018 Q1 | Last QUARTEr 2017 Q4 | Last YEAr 2017 Q1 |
|---|---|---|---|
| Median Sale Price | $430,250 | $405,000 | $400,000 |
| Average Sale Price | $552,306 | $520,616 | $514,836 |
| Condos Sold | 1,968 | 2,226 | 1,924 |
| Median Days on Market | 37 | 34 | 40 |
| Bid Ups | 15% | 18% | 18% |
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