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Jan 2014_2016
Real Estate Market News


Oahu Real Estate Market Report

HONOLULU HOME AND CONDOMINIUM SALES SEE HEALTHY JUMP IN YEAR-OVER-YEAR FIGURES


During January, sales of single-family homes and condominiums increased by 8.4 percent from January 2013. The median price paid for single-family homes in January increased 5.8 percent over the same month last year to $629,500. The median price for condominiums increased 1.6 percent from December of last year to $320,000. According to the Days on Market indicator, single-family homes were on the market for an average of 22 days and condominiums for 21 days.   According to the president of the Honolulu Board of REALTORS, “January was a good month for the industry, with a healthy increase in the number of homes and condominiums sold compared to January of last year. There was a substantial drop in the single-family home median price from December 2013, but that’s not unusual and can be attributed to the seasonality of the market. Median sales prices of both single-family homes and condominiums were up year over year.”

Properties are still moving fast,  Given the historically low inventory on the market, on-the-fence sellers should consult a REALTOR® about listing, as now may be the right time.”

Residential real estate is in high demand!  If you are considering putting your home on the market, or taking advantage of the low interest rates, feel free to contact me for additional information. I'd be happy to provide you with a home value estimate or help answer any questions regarding your real estate needs.

Waikiki Vacation rentals Deb cat glass 9 13 Sunday at Dukes in Waikiki

Warmest Aloha~
Deborah Kirk
Oahu Realty

{source:  Honolulu Board of REALTORS®}

Waikiki Deb - Broker with DNA Realty

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