Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 19, 2018

Market Report - Oahu Single-Family Homes Sales Price Sets New Record in August

The median price for single-family homes on Oahu reached an all-time high in August, according to resales figures released today by the Honolulu Board of REALTORS®. The analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, offer the following statistics:

Single-Family Home Resales

  Number of Sales Median Sales Price
August 2018 354  -2.2% $810,000  +3.0%
August 2017 362 $786,250

Condominium Resales

  Number of Sales Median Sales Price
August 2018 521  -9.4% $427,000  +1.9%
August 2017 575 $419,000

In August, the median price for single-family homes increased by 3.0 percent to reach a new record of $810,000, which was previously set in June 2017 at $795,000. The median price for condominiums rose by 1.9 percent to $427,000. Sales for single-family homes dipped by 2.2 percent and condominium sales also decreased by 9.4 percent from the same month last year. According to the Days on Market indicator, the median days for single-family homes was 15 and 18 days for condominiums.

“While the median price for single-family homes has been pushed to a new high, homebuyers are also finding properties at or below the $600,000 price range,” said Darryl Macha, president of the Honolulu Board of REALTORS®. “Though overall inventory is tight, we are seeing pockets of the island where inventory is increasing, including the Ewa Plain and to some extent, Central Oahu. With the decline in pending sales for both single-family homes and condominiums, buyers may be experiencing a bit of ‘fatigue’ in a market where multiple offers have been common and are taking a pause in their home search. It’s something that other markets are also seeing.”

The information contained in this report is provided to the National Association of REALTORS® and the Hawaii State Department of Economic Development, Business and Tourism for its official reports. This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow.

Info provide by http://www.hicentral.com/mpr/mpr-2018-08.php

Posted in Market Updates
March 24, 2018

5 Homes that I discovered last night that are the BEST deals on Oahu

I am a total troll when it comes to looking for “deals” on the Oahu real estate market.

I look every single day for opportunities for my clients, and it is very rare that I find something special that does not go under contract within hours after my discovery.  Well, here are five homes that I found last night that are potentially the best deals in
(Click the neighborhood to view)

1. Kapolei

2. Kailua

3. Kaneohe

4. Kakaako

5. Kaimuki

Oahu New Real Estate - Erin Cooper KW

Posted in Market Updates
July 31, 2017

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Posted in Market Updates