August statistics 2014

Oahu Hawaii real estate sales statistics August 2014

Oahu Hawaii real estate sales statistics for the month of August 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
August 2014 323 $650,000
August 2013 366 -11.7% $665,000 -2.3%

 

Oahu Condominium Re-sales
Number of Hi
condo Sales
This Month
Compared To
Median*
Sales Price
This Month
Compared To
August 2014
444 $350,000
August 2013 460 -3.5% $350,000 0.0%

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

Oahu, Hawaii, real estate sales increased in August 2014

During August, the median price paid for single-family homes decreased 2.3 percent from the same month last year to $650,000. The median price for condominiums remained unchanged from last year at $350,000. 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 decreased by 11.7 percent, while condominium sales decreased by 3.5 percent from August 2013. According to the Days on Market indicator, single-family homes were on the market for an average of only 15 days, while condominiums were on the market for an average of 23 days.

News Release/ August 2014 Honolulu, Hawaii, real estate Statistics September 7, 2014

“August was an interesting month for the Oahu housing market,” said Julie Meier, president of the Honolulu Board of REALTORS®. “While on the surface it may look like this past August was not on par with last August for sales of single-family homes, the truth is that August 2013 was a banner month – the high point of sales for the year. It would have been very difficult to duplicate that this year. Still, this remains a very healthy market, as evidenced by the fact that the average single-family home was on the block for only 15 days before being sold. Also noteworthy is the fact that inventory of both single-family homes and condos is climbing, which will help the market meet demand.”

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 real estate statistics per street, neighborhood, and condo buildings.

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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.

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