Locations analyzed 185 Oahu neighborhoods to find the top 5 single-family home seller’s markets in 2019.
A “seller’s market” is defined as a market that has less than six months of remaining inventory (MRI).
There are currently 21 Oahu single-family neighborhoods with ZERO months of remaining inventory; in other words, there are NO homes for sale as of August 2019 in these neighborhoods.
Locations also looked at the median sales prices in these neighborhoods, along with price increases and bid-ups, to determine which of these seller’s markets make up the top 5 seller’s markets on the island.
Top five Oahu single-family home neighborhoods
The top five Oahu single-family home neighborhoods with zero active listings and a median sales prices in 2019 are:
Mariners Valley (Hawaii Kai). With a median sales price of $1,075,500—an increase of 6 percent—Mariners Valley is a seller’s market. There have been only eight sales in Mariners Valley in 2019, and 37 percent of those were bid-up over the asking price.
650 Ulumalu Street, Pohakupu, Kailua. Sold for $945,000 in July 2019 by Locations
Pohakupu (Kailua). With a median sales price of $959,500—an increase of 7 percent—Pohakupu is a seller’s market. There have been only six sales in Pohakupu in 2019.
Haleiwa (North Shore). With a median sales price of $920,000—an increase of 6 percent—Haleiwa is a seller’s market. While there were no active listings in August 2019, there have been 12 sales in Haleiwa so far this year—nearly double the number of sales in 2018—as a result, bid-ups have fallen in Haleiwa.
45-843 Keneke Street, Kapuna Hala, Kaneohe. Sold for $913,000 in March 2019 by Locations.
Kapuna Hala (Kaneohe). With a median sales price of $875,000—an increase of 3 percent—Kapuna Hala is a seller’s market. There have been only nine sales in Kapuna Hala in 2019, and 55 percent of those were bid-up over the asking price, with homes selling in median of just eight days.
Puohala Village (Kaneohe). With a median sales price of $870,000—an increase of 14 percent—Puohala Village is a seller’s market. There have been only five sales in Puohala Village in 2019, and 40 percent of those were bid-up over the asking price.
“When you’re the only seller in a neighborhood, you have a definite advantage,” said John Connelley, principal broker at Locations. Connelley added that whether you are looking to sell your home or buy a new one, you should consult with a RealtorⓇ who has access to detailed neighborhood statistics, so you can avoid settling for less or overpaying.
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