Hawaii Real estate statistics October 2014

Hawaii Real Estate Statistics October 2014

Hawaii real estate sales statistics for the island of Oahu for the month of October 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 Oahu
home Sales
This Month
Compared To
Median* Oahu
Sales Price
This Month 
Compared To
October 2014 298 $690,000
October 2013 290 +2.8% $640,000 +7.8%

 

Oahu Condominium Re-sales
Number of Oahu
condo Sales
This Month
Compared To
Median* 
Oahu Sales Price
This Month 
Compared To
October 2014
448 $352,750
October 2013 419 6.9% $325,000 +8.5%

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

Oahu, Hawaii, real estate sales increased in October 2014

During October, the median price paid for single-family homes increased 7.8 percent from the same month last year to $690,000. The median price for condominiums increased by 8.5 percent from last year to  $352,750. The previous high median sales price for single-family homes was $700,000 in June 2014, while the previous high for condominiums was $360,000 in June 2014. Sales of single-family homes increased by 2.8 percent, while condominium sales increased by 6.9 percent from October 2013. According to the Days on Market indicator, single-family homes were on the market for an average of 31  days, while condominiums were on the market for an average of 19 days.

News Release/ October 2014 Honolulu, Hawaii, real estate Statistics November 7, 2014

“Condominiums were the hot seller last month, compared to the previous October, with a hefty increase in sales and median price,” said Julie Meier, president of the Honolulu Board of REALTORS®. “Single family home sales also increased, and the median price, which again is near $700,000, shows demand for housing is still high. One noteworthy statistic is the number of days the average single-family home was on the market before being sold. It’s been awhile since we’ve seen the median days on market for homes get as high as 31 days. Slowly increasing inventory is giving buyers more choices, and that is reflected in last month’s Days on Market.”

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