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Oahu Home Sales Up and Prices Down
The Oahu real estate market started the year off with a jump in sales and a dip in prices.

In January, there were 199 single family home sales on Oahu, which was up 11.2% from last year. Condo sales were also up 9.5%. Volume increases are typically signs of a healthy market and can often be a precursor to price increases. However, this month we saw a dip in the median sales prices. Single family homes were down 4.2% to $570,000 and condos were down 2.7% to $291,000.
What neighborhoods were hot in January?
Home sales in Makiki-Moiliili were up 300% Home prices in Hawaii Kai were up 127% Condo sales on the North Shore were up 400% Condo prices on the North Shore were up 120% What neighborhoods were not hot?
Home sales in the Ewa Plain were down 30%* Home prices on the North Shore were down 32%* Condo sales in Waialae-Kahala were down 60% Condo prices in Makaha-Nanakuli were down 45% *Ala Moana-Kakaako was actually the biggest drop in sales and prices at 100%, however, there are almost no homes there (primarily condos) and the sales went from 1 to 0, which skewed the data, so I replaced ... more

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