So how did 2014 Princeville condo sales end the year? The Princeville condo market was quite flat in 2014. Princeville condo sales experienced a 2% decrease in the median sale price - from a median sales price of $487,000 in 2013 to a median sales price of $477,000 in 2014. And the number of sales saw a slight increase of 2 condos sold - from 84 in 2013 to 86 in 2014.
Last year at this time, I wrote about a 30% increase in the median sales prices ( from 2012 to 2013) so we certainly did not see the large price increases in 2014. This year I am reporting very little growth in 2014 for Princeville condo sales.
A few "details" of Princeville condo sales show that the least expensive Princeville condo that sold in 2014 had a sales price of $252,000 - bank-owned Hale Honu 5A. There were three (3) bank-owned (REO) Princeville condo sales in 2014 and ten (10) short sales. The most expensive condo sold in Princeville in 2014 sold for $1,350,000 - Ka'iulani of Princeville #8. At Ka'iulani of Princeville, there were five (5) sales and the median sales price was $1,150,000. The total number of Princeville condos that sold over $1 million in 2014 was six (6). Pua Poa 407 sold for $1,125,000 to join the "over 1 million" group.
If you want more information on Princeville Condo Sales, please email me or call me at 808-634-2945. I am here to provide you with the facts.