January 2015 Oahu Real Estate Report

January 2015: Oahu Home and Condo Values

Prices are up for single-family homes and condominiums across Oahu. In the three-month period ending in December 2014, the Oahu single-family home median price was up 5.0% to $693,000 from the same period last year.

The median condo price rose 6.7% to $350,000. Areas that saw an increase in single-family home prices are Waialae-Kahala (26.3%) and Leeward (18.5%). The market is continuing to move upward at a reasonable and sustainable pace.

January 2015: Oahu Home and Condo Resales

Compared to last year, the number of single-family home resales is down 5.1%, and condo resales are also down 0.8%. The condo markets that continue to show increases in median price include Ala Moana-Kakaako, Diamond Head-Kahala, Downtown-Nuuanu, Ewa, Hawaii Kai, Kaneohe and Leeward. Single-family home markets with increases in both sales and median price include East Oahu, Hawaii Kai, Kanehoe, and Mililani. To take advantage of today’s unique market dynamics contact us.  For a full report click here.

About the Author

Brandon Lau grew up in Kailua and currently resides in Honolulu with his wife Andee and children Caylah, Elijah, and David. His eighteen years in real estate led him to become a Partner at ChaneyBrooks Choice Advisors. Over the past 10 years he has developed the team and systems that has created a high level of service and value for his clients.

What differentiates Brandon and his team is his consultative approach to real estate. He advises clients with relevant data and expert insight to help them make the best choices in real estate. Good choices in planning for long term dispositions, negotiating for the best price or knowing when not to pursue an investment are ways his consultative services will give you an advantage in the marketplace. His bottom line is providing service with the utmost integrity and expertise.