Hawaii real estate market update

Jan. 9, 2022

Home prices continue to rise and condo sales are strong

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 ...

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Dec. 9, 2021

Condo owners - it's a great time to sell!

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 ...

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Nov. 9, 2021

Housing Market Holding Steady

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 ...

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Oct. 6, 2021

September Hawaii Home Sales - Statistical eport

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 ...

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Sept. 6, 2021

Hawaii Median Home Price Surpasses $1mil.

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 ...

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Aug. 9, 2021

The market already crashed last year, now it's at a new record

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 ...

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June 6, 2021

Hawaii real estate is still $1mil under valued

Hawaii real estate prices have gone up rapidly for the past several years, and this week the Board of Realtors said that median home prices have now reached $978,000, while median condo prices reached $457,750.  Activity was up, with the average home selling in only 8 days ...

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May 25, 2021

Nothing can stop the Real Estate Market Right Now

HBR April2021

 

More than half of single-family homes – 58.9% to be exact – sold above the asking price last month. Meanwhile, high demand for single-family homes continues to keep the median days on market at a low of just nine days.
 
In April, 30.9% of condos sold ...

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May 21, 2021

Aloha Friday!!!

It's a very Happy Aloha Friday for Jeremy Cheng's clients! They just closed on a 3BR home in Ewa! Thanks to Jermy and our escrow officers at Title Guaranty, and their loan officer Tyker Olds, it was a smooth and successful transaction! If you are looking for a ...

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Feb. 1, 2021

Waterfront Living in Hawaii Kai!

This is one of the best units in Esplanade, a 2 bedroom ground floor corner location with a private enclosed yard that leads to a large grassy common space.  With no elevators or stairs to this unit, it has the convenience and accessibility of a single story home, but ...

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