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Single-family home median prices continue to rise, but not as sharply, climbing three percent over the past year to $789,000. Condominium median prices were flat at $418,000. Sales remain below last year’s levels, with nine percent fewer single-family home sales and eight percent fewer condo sales.
Locations’ analysis found that 36 percent of Oahu single-family neighborhoods had an increase in the number of sales, while nine percent had no change in sales. Single-family home neighborhoods that had at least double the number of sales last period compared to the previous year include: Koko Kai, Hoakalei-Kuapapa, Waipio Acres/Waikalani, Haleiwa and Keapuka.
Locations—Hawaii’s leading real estate firm—published its Oahu Residential Real Estate Report for the 12-month period of April 2018 to March 2019. This is a comparison to the previous 12-month period of April 2017 to March 2018. Single-family home median prices continue to rise, up four percent over the previous 12-month period to $792,000. Condominium median prices were flat at $418,000.
Locations was once again ranked the No. 1 independent residential real estate firm in the state of Hawaii by the REAL Trends 500. The REAL Trends 500, which ranks the nation’s top residential real estate brokerages, also ranked Locations as No. 130 in the nation, with $1.87 billion in closed sales in 2018.
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