Oahu Hawaii real estate sales statistics June 2014

Oahu Hawaii real estate sales statistics for the month of June 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
June 2014 303 $700,000
June 2013 308 -1.6% $677,250 +3.4%

 

Oahu Condominium Re-sales
Number of Hi
condo Sales
This Month
Compared To
Median* 
Sales Price
This Month 
Compared To
June 2014
411 $360,000
June 2013 392 +4.8% $330,000 +9.1%

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

Oahu, Hawaii, real estate sales increased in June 2014

During June, the median price paid for single-family homes increased 3.4 percent from the same month last year to $700,000. The median price for condominiums increased 9.1 percent from last year to $360,000. The previous high median sales price for single-family homes was $685,000 in December 2013, while the previous high for condominiums was $359,000 in February 2014. Sales of single-family homes decreased by 1.6 percent, while condominium sales increased by 4.8 percent from June 2013. According to the Days on Market indicator, single-family homes were on the market for an average of only 19 days, while condominiums were on the market for an average of 25 days.

News Release/ June 2014 Honolulu, Hawaii, real estate Statistics July 7, 2014

“June was a remarkable month, both single family homes and condominiums shattered the previous records for median sales price,” said Julie Meier, president of the Honolulu Board of Realtors. “This shows the very strong demand we’re currently seeing for housing. That demand, coupled with low inventory, is what’s causing the continued growth in median sales prices. We do see inventory rising, but not enough to offset the demand, especially for single-family homes.”

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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