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Competition Continues To Set Records
Q4 2019
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Hawaii State Median Sale Prices are up in 2019 Q4, with the home price up 1% to $700,000 and the condo price up 8% to $450,000 from last year.
Hawaii State sales activity is up in 2019 Q4, with home sales up 12% and condo sales up 1% from last year.
Statewide, about 1 in every 6 homes and 1 in every 7 condos sold was bid-up over asking price in Q4 2019. The majority of this bid-up activity is on the island of Oahu.
| SINGLE FAMILY HOMES | This Quarter 2019 Q4 | Last QUARTEr 2019 Q3 | Last YEAr 2018 Q4 |
|---|---|---|---|
| Median Sale Price | $700,000 | $705,273 | $690,777 |
| Average Sale Price | $890,187 | $883,627 | $872,165 |
| Homes Sold | 2,011 | 2,200 | 1,801 |
| Median Days on Market | 39 | 40 | 42 |
| Bid Ups | 17% | 16% | 16% |
| CONDOMINIUMS | This Quarter 2019 Q4 | Last QUARTEr 2019 Q3 | Last YEAr 2018 Q4 |
|---|---|---|---|
| Median Sale Price | $450,000 | $449,000 | $418,000 |
| Average Sale Price | $563,435 | $555,208 | $542,443 |
| Condos Sold | 2,048 | 2,178 | 2,019 |
| Median Days on Market | 41 | 37 | 34 |
| Bid Ups | 13% | 13% | 12% |
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