The first quarter of 2022 closed with new record median sales prices for both single-family homes and condos at $1,150,000 and $515,500, respectively. How did that happen?
Fewer single-family homes were sold in March and the first quarter, with the most significant decline occurring in the $899 ...View More
"In 100 years." is what I joked to my friend Chris who asked me this morning, "When will the market slow down?" The Hawaii real estate market has little to no inventory, which made the median home price rise to yet another new record high of $1,125,000, up ...View More
When will Hawaii real estate slow down? Are prices going up or down this year? I get these questions often, with so many people feeling left out of the market. In January, prices continued to rise in Hawaii, with single family median prices at over $1mil and condo ...View More
For the last five months, the median sales price for a Single-family home has stayed between $1 Million and $1.05 Million. Although the Year-over-Year closings are down 10%, December 2021 closings were still higher than November. Median days on the market were only 11 days and sold 2 ...View More
Condo owners - it's a great time to sell! The market has set a new record low of only 9 median days on the market! Buyers are loving the more affordable price points of condos. While most of the sales volume occurred in the $400,000 - $499 ...View More
Hawaii's housing market is holding steady with median prices of single-family homes staying at the $1 Million mark and condos at $500,000, Closed sales for October rose year-over-year with single-family homes ticking up modestly 10.4% and condo properties surging higher to 27.3%.
Single-family home ...
The September 2021 home sales numbers are out, and home prices were 8.4% higher, while condo sales were 34.9% higher!
The number of closed sales dropped slightly compared to August, with single-family homes down 0.2% and condos dipping 8.9%, mainly because inventory is so dang ...View More
The Hawaii real estate market continues its upward move, as August single-family homes reached a new record high median price at $1,050,000! Condos reached and $500,000 for the first time, as buyers closed sales at higher price points in both single-family homes and condos.
The $1,050 ...View More
The Hawaii real estate market tends to move in 10 year cycles. There was a crash in the last 90's called, "The Japanese bubble". In 2008, there was the global financial crisis, a bubble. In 2020, Covid caused a mini market crash, or at least a stall ...View More