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Statewide Quarterly Real Estate Report

Q1 2018

Market Statistics

Prices Rising

Prices rose again for both homes and condos in Q1 2018, with the Hawaii State median home price up 3.9% to $665,000 and the median condo price up 7.6% to $430,250.

Sales Increasing

Sales increased again in Q1 2018 for both homes and condos statewide, up 5.2% for homes and up 2.3% for condos from sales in Q1 last year.

Competition Increases for Homes and Condos

Statewide, about 1 in every 5 homes and 1 in every 6 condos sold was bid-up over asking price in Q1 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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