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.