Contact Us  Subscribe 
  • Quoc Huynh Honolulu Hawaii Real Estate
    News Item

  • Powered by MBC NewsMaker
  • Honolulu Real Estate MARCH 2018 Statistics / Sales Data Published

FOR IMMEDIATE RELEASE
Courtesy/Source: Honolulu Board of REALTORS

Oahu Condominium Median Price Reaches New High, Sales Dip in March

The median price paid for condominiums reached a new high in March according to resales figures released today by the Honolulu Board of REALTORS®. The analysis conducted by the Board using data collected from its computerized Multiple Listing Service (MLS) system show the following statistics:

Single-Family Home Resales

Number of Sales

Median Sales Price

March 2018

305 -1.3%

$760,000 +1.1%

March 2017

309

$752,000

Condominium Resales

Number of Sales

Median Sales Price

March 2018

485 -2.0%

$435,000 +8.8%

March 2017

495

$400,000

During March 2018, the median sales price for single-family homes increased by 1.1 percent from March 2017. The median price for condos increased by 8.8 percent to reach a new record of $435,000, which was previously set in January 2018 at $430,000. Sales of single-family homes and condominiums decreased slightly by 1.3 percent and two percent, respectively, from the same month last year. According to the Days on Market indicator, the median days for single-family homes was 14 and 16 days for condominiums.

"The March condominium figures were impacted by the resales of 20 luxury and multimillion dollar units. Consumers should remember that half of sales were below the median price," said Darryl Macha, president of the Honolulu Board of REALTORS®. "The increase in median prices, even modest ones like we saw in March, reflects the continued limited inventory available. However, it's encouraging to see the 11 percent increase in active listings for condominiums, giving potential buyers more options in the market."




HOMES FOR SALE

Interactive Map Honolulu Homes For Sale

Note: Initial download of map might take up to 20 seconds but after that, shopping for a Honolulu, Hawaii home will be a breeze!
Current Featured Honolulu Homes For Sale Master Page
View our featured Honolulu real estate homes for sale. Includes videos, photos, MLS sheets and much more.
Homes For Sale - By Area / Region - Honolulu Hawaii Real Estate
View available Honolulu real estate homes for sale by Honolulu Hawaii area & region.
CONDOS FOR SALE

Interactive Map Honolulu Condos For Sale

Note: Initial download of map might take up to 20 seconds but after that, shopping for a Honolulu, Hawaii home will be a breeze!
Current Featured Honolulu Condos For Sale Master Page
View our featured Honolulu real estate condos / condominiums for sale with videos, photos, MLS sheets and much more.
Condos For Sale - By Area / Region - Honolulu Hawaii Real Estate
View available Honolulu real estate condos for sale by Honolulu Hawaii area & region.

HONOLULU REAL ESTATE
Honolulu Hawaii Real Estate For Sale - Homes - Condos - All Neighborhoods
View over 300+ neighborhoods / categories with both homes and condos for sale in Honolulu, Hawaii on the island of Oahu. More...
Honolulu Hawaii Real Estate For Sale - Homes - Condos - By TMK Area
View available Honolulu real estate homes and condos for Sale by TMK (Tax Map Key) More...

Back to the top

Like Our Facebook

  • RELATED LINKS

    Please send questions about this website to
    Copyright© 2017 - 2018 Quoc Huynh QHawaiiRealEstate.com. All rights reserved.
    Terms of Use / Legal Disclaimer / Privacy Statement
    Site Designed and Managed by MacBusiness Consulting