Oahu,Hawaii, home sales statistics April 2014

Oahu, Hawaii, home sales statistics for the month of April 2014. According to the analysis by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the Island  housing statistics are:

Oahu (Hawaii) Single-Family Home Re-sales
Number of Hi
home Sales
This Month
Compared To
Median* Hawaii
Sales Price
This Month 
Compared To
April 2014 247 $648,000
April 2013 280 -11.8% $625,000 +3.7%

 

Oahu Condominium Re-sales
Number of Hi
condo Sales
This Month
Compared To
Median* 
Sales Price
This Month 
Compared To
April 2014
445 $355,000
April 2013 457 -2.6% $335,000 +6%

*Median price means half the prices were above and half below the given price.

Oahu, Hawaii, home sales decreased in April 2014

Sales of single-family homes on Oahu decreased by 11.8% percent from April 2013 and condominiums decreased by 2.6%. The median price paid for the island of Oahu properties in April increased 3.7% to $648,000 for single-family homes, and increased by 6% to $355,000 for condominiums compared to the same month last year.  According to the Days on Market indicator single-family homes were on the market for and average of 21 days and condominiums for 21 days.

News Release/ April 2014 Honolulu, Hawaii, Housing Statistics May 7, 2014

“Despite the drop in the number of home sales in April, we’re still very optimistic about the direction of the housing market,” said Julie Meier, president of the Honolulu Board of REALTORS®. “As was pointed out at last Friday’s REALTOR® Housing Forum, the supply of homes and condos on Oahu is constrained, so we don’t believe the downturn in sales is due to lack of demand. The low days on market is a positive indicator that buyer demand is strong. Also it’s important to note that prices for both homes and condos rose from the previous year, which means the market is stable.”

Hawaii real estate market statistics customized

We are updating our database with terabytes of Hawaii home sales data. Bonnebaker luxury real estate is already providing extensive Hawaii real estate market statistics for our clients, including investors. Soon we will be able to provide unique customized Hawaii real estate statistics fully automated with unique algorithms, including statistics per street, neighborhood, and condo buildings.

Subscribe to our newsletter to keep updated on this exclusive unique service and other Hawaii housing news

If you are in the process of buying or selling a property in Hawaii and would like to know more about the market, feel free to Contact Malia.

Subscribe to our free newsletter:
[mc4wp-form]

 

 

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply