Oahu real estate statistics

Oahu home sales statistics March 2014

Oahu home sales statistics for the month of March 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 Single-Family Home Re-sales
Number of Hi
home Sales
This Month
Compared To
Median* Hawaii
Sales Price
This Month 
Compared To
March 2014 246 $657,000
March 2013 231 +6.5% $640,000 +2.7%

 

Oahu Condominium Re-sales
Number of Hi
condo Sales
This Month
Compared To
Median* 
Sales Price
This Month 
Compared To
March 2014
287 $350,000
March 2013 411 -5.8% $340,000 +2.9%

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

Oahu (Hawaii) home sales increased in March 2014

Sales of single-family homes on Oahu increased by 6.5% percent from March 2013 and condominiums decreased by 5.8%. The median price paid for the island of Oahu properties in March increased 2.7% to $657,000 for single-family homes, and increased by 2.9% to $350,000 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 17 days and condominiums for 25 days.

News Release/ March 2014 Honolulu Housing Statistics April 7, 2014

“The Hawaii housing market is showing a great deal of resilience,” said Julie Meier, president of the Honolulu Board of REALTORS®. “Both the number of sales and median prices of single-family homes went up in March.  What’s more, homes were only on the market for 17 days, compared with 22 days in March 2013.  Days on Market (DOM) measures how fast homes sell.  DOM of 17 indicates a very active and strong market, with high buyer interest.”

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.

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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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