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Statewide Quarterly Real Estate Report

Q3 2018

Market Statistics

Prices Rising

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.

Condo sales Flat, Home Sales Down

Sales activity was mixed in Q3 2018 statewide, with home sales down 4.7% and condo sales stable from sales in Q3 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 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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