Luxury home sales drive Oahu’s MSP to new record high
The luxury home market shot the single-family home median sales price to a new record high last month — to $1,150,000 — up 21.1% from last year and 2.2% higher
Sparse inventory, sustained demand boost SF median sales price to new record
Post-pandemic demand driving inventory levels to all-time lows. Prices rocketing to all-time highs. Asking prices left in the dust while sellers field multiple offers. And this isn’t just happening here
Unprecedented low inventory continues means slim pickings for buyers
Oahu’s real estate inventory isn’t just low — it’s virtually nonexistent. While limited supply stimulates the seller’s market, the severe inventory depletion of the past two years is unprecedented. Inventory
Oahu sales continue to sell at a record pace and above the asking price
While the December 2021 sales tempo dropped slightly due to a combination of mortgage interest rates increases and fallout from the omicron variant, the month was comparable to past years
As affordability becomes an issue, some buyers shift to condos
November condo sales outpaced single-family home sales — with closed condo sales soaring 47.7%, compared to November 2020. In addition to the boom sales volume, the condo market set a
Booming luxury home sales impact Oahu’s median sales price
Oahu real estate prices continue to be fueled by healthy demand and a limited supply of homes for sale, compounded by the fact that fewer people want to move during
Buyers may soon see an opportunity as competition eases
Statistics show that roughly two out of every three single-family home sales closed for more than the original asking price in September. Bids above the asking price were most prevalent
Single-family home MSP tops $1 million mark for the first time
For the fourth consecutive month, single-family homes set a record median reaching $1,050,000 in August — exceeding the million-dollar mark for the first time. Except for April, each month in
Oahu median sales prices score record high in July
A perfect storm of dwindling inventory, economic rebound, and bottom-dollar mortgage rates have pushed Oahu’s median prices to new record highs — $992,500 for single-family homes and $475,000 for condos.