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Local Market Update - Diamond Head & Kapahulu May 2016

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763

 

 

Oahu Real Estate Market Report for Diamond Head and Kapahulu May 2016 

  

Local Market Update:

The Diamond Head and Kapahulu Neighborhoods of Honolulu - May 2016

 

 

 

 

 

 

 

 

 

Single Family Homes

May

Year to Date

2016 / 2015 Change

2016 / 2015 Change

New Listings

25 / 27  -7%

139 / 135  3%

Closed Sales

20 / 29  -31%

76 / 95  -20%

Median Sales Price

$819,500 / $910,000 -10%

$918,000 / $860,000 7%

Percent of Original List Price Received

98.0% / 102.4%  -4%

97.9% / 98.1%  0%

Median Days on Market Until Sale

8 / 10  -20%

16 / 22  -27%

Inventory of Homes for Sale

90 / 89  1%

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Gold Coast - Diamond Head

 

 

 

Condos

May

Year to Date

2016 / 2015 Change

2016 / 2015 Change

New Listings

10 / 13  -23%

67 / 63  6%

Closed Sales

6 / 9  -33%

40 / 39  3%

Median Sales Price

$614,750 / $570,000 8%

$614,750 / $570,000 8%

Percent of Original List Price Received

103.9% / 96.6%  8%

103.9% / 96.8%  7%

Median Days on Market Until Sale

50 / 19  163%

51 / 30  70%

Inventory of Homes for Sale

62 / 55  13%

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Local Market Update - Diamond Head & Kapahulu May 2016
Posted by

Crypto Certified Agent - By Propy 

HI Pro Realty LLC

REALTORS®, PROPERTY MANAGERS® 

We are a boutique brokerage firm offering responsive, dedicated, and professional Real Estate Sales and Pet Friendly Management Services in Honolulu, Hawai'i. 

 

                Office: (808) 941-8866   Mobile: (808) 926-7667

 

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

As always this is an interesting market - May is suggesting a shift across the US - but the year has been strong to date

 

Jun 23, 2016 09:09 PM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Lise, these two neighborhoods can tighten up and often have little inventory. Days on market shows people are not waiting to make offers and are snatching up what's available. Mahalo for stopping by!

Jun 24, 2016 05:27 AM