Quantcast Statewide Quarterly Real Estate Report | Locations
×
×

Statewide Quarterly Real Estate Report

Q1 2020

Market Statistics

Price Movement Up in Q1

Hawaii State Median Sale Price movement is up in 2020 Q1, with the home price up 4% to $710,000 and the condo price up 6% to $455,000 from last year.

Home and Condo Sales Increase

Hawaii State sales activity is up in 2020 Q1, with home sales up 16% and condo sales up 0% from last year.

Closed Sales Not Yet Showing Coronavirus Effects

Hawaii real estate sales through March 2020 are not yet showing effects of the coronavirus pandemic and economic shutdown. We believe that sales will be impacted 20-25%, prices 0-5%, and recovery will be swift, with the market rebounding within the year. Neighbor islands will feel more negative effect than Oahu.

SINGLE FAMILY HOMES This Quarter 2020 Q1 Last QUARTEr 2019 Q4 Last YEAr 2019 Q1
Median Sale Price $710,000 $700,000 $685,000
Average Sale Price $866,949 $889,169 $831,505
Homes Sold 1,861 2,019 1,606
Median Days on Market 46 39 43
Bid Ups 16% 17% 13%
CONDOMINIUMS This Quarter 2020 Q1 Last QUARTEr 2019 Q4 Last YEAr 2019 Q1
Median Sale Price $455,000 $450,000 $430,000
Average Sale Price $586,483 $562,920 $561,579
Condos Sold 1,819 2,061 1,815
Median Days on Market 45 41 40
Bid Ups 10% 13% 10%

MARKET REPORTS

We’re up-to-date with Hawaii's Real Estate Market. We want you to be, too.

View our 2019 Oahu Real Estate Market Report