Waikiki Condo Market Trend April 2015

By
Real Estate Broker/Owner with Best Homes Hawaii RB-13537

CONDO Market Trend in WAIKIKI for April 2015


The included Real estate market data for WAIKIKI, Hawaii has been provided by  Honolulu Board of Realtors® The HBR publishes market statistical reports, which include monthly and yearly indicators, a housing supply overview and historical graphs.

WAIKIKI CONDO Prices

Construction has increased and Real Estate Prices are rising and expected to go higher.  Price ranges now run from 12,500,000 for a high rise penthouse down to the $140s for a low rise studio with no parking.  (See one, click here).

Ala Wai Canal WaikikiLow Interest rates are spurring the sales prices to newer heights.  Condos here are not going to be this "cheap" for much longer. Overall , University of Hawaii Economic Research Organization (UHERO) predicts that Condo prices are also predicted to increase 6.2%, island wide to $376,300 even though they reached record highs last year.  The past 11 months, we have seen listing price increases of 1-18% on WAIKIKI CONDOS.

(see the Market Insider Report) and don’t expect things to slow downWaikiki Condo statistics anytime soon. 
If you are considering buying a CONDO you can still find deals but having a good agent, like BestHomesHawaii who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. To make sure you don't overpay for your CONDO, you'll want us to do a thorough market analysis of the Waikiki CONDO Market on which you are making an offer.


Waikiki Listings for saleCurious as to how much current inventory is on the market in WAIKIKI, HI? You can find that information by clicking on the blue bold link. Currently in this zip code of 96815, CONDOs have a median time of 71 days on the market before they sell. This would suggest that SELLERS still in the drivers seat and buyers need to be aggresive with their offer on a CONDO. If you are a seller, we are experts with over 35 years of experience and can assist you in setting a price that will meet the market. 

 

Waikiki Real Estate Market Reports

Waikiki Condo Market Trend April 2015

The median sale price in April 2015 for condos is $385,000.  Find CONDOs for Sale in Zip 96815

Visit my website to search for CONDOs in WAIKIKI 
or to be notified when these CONDOs come on the market.

email me or call 808-955-1577.

Posted by

Serving all OAHU for over 30 years

Best Homes Hawaii Bruce Hicks

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Ginger Harper 05/31/2015 10:47 PM
Topic:
Real Estate Market Trends
Location:
Hawaii Honolulu County Honolulu
Groups:
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Rainmaker
3,250,437
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Bruce

The April 2015 condo market trends for the Waikiki show a nice increase of business over April 2014.

Good luck and success.

Lou Ludwig

Jun 03, 2015 12:26 PM #5
Rainmaker
3,304,150
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Loved the photo Bruce, as well as the report, Endre

Jun 03, 2015 04:52 PM #6
Ambassador
1,654,538
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Bruce this is a comprehensive report  both buyers and seller will appreciate.

Jun 04, 2015 02:49 PM #7
Rainmaker
2,190,677
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

I see 3 times as many people bought as investors. This must mean your condo market is still fairly strong.

Jun 05, 2015 04:18 AM #8
Rainmaker
486,816
Bruce Hicks
Best Homes Hawaii - Honolulu, HI
Your Lifetime Friend/Helper!

Debbie Laity Joan Cox Lou Ludwig appreciate your input and comments.  Thanks for stopping by Endre Barath, Jr. and Jennifer Fivelsdal !

Jun 05, 2015 04:29 AM #9
Ambassador
2,335,072
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Bruce ... great post and information around your areas 

Jun 05, 2015 12:47 PM #10
Rainmaker
928,382
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Hi Bruce - most of us can only dream of living in Paradise, as it seems you do. These prices seem very reasonable compared to what I've seen in some of the cities in southern California or Miami. Have a great week,

Jun 07, 2015 02:05 AM #11
Rainmaker
4,432,589
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Home buyers and sellers in the area will appreciate the report.

Jun 19, 2015 08:56 PM #12
Rainmaker
2,398,286
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I have always heard what an awesome State Hawaii was with perfect weather and breath taking views.  Who wouldn't want to live in a Condo on the water? One of these days I just may make it over there.

Jun 19, 2015 11:44 PM #13
Rainmaker
2,548,076
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Hi Bruce, excellent market report for property in Waikiki, HI.  Would love to visit again...it is a beautiful place.

Jun 20, 2015 08:12 AM #14
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Bruce.  Thanks for the update for the Waikiki condo market.  It's hard to believe there's any room left for new construction in Waikiki.

Jun 26, 2015 09:20 PM #15
Rainmaker
3,250,437
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Bruce

The Waikiki Condo market is looking good.

Good luck and success.

Lou Ludwig

Jul 12, 2015 12:02 PM #16
Rainmaker
1,434,807
Yolanda Cordova-Gilbert
Richmond, TX

Bruce,

 That is not a bad price to live in Paradise! I hope you have a great weekend!

Jul 17, 2015 09:27 AM #17
Rainmaker
986,118
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

For Waikiki Real Estate, contact (808) 955-1577 for Bruce Hicks.

Aug 05, 2015 05:38 AM #18
Rainmaker
486,816
Bruce Hicks
Best Homes Hawaii - Honolulu, HI
Your Lifetime Friend/Helper!

Mahalo Nui Loa Will Nesbitt Yolanda Cordova-Gilbert and Lou Ludwig for your welcomed input!

Aug 05, 2015 07:28 AM #19
Rainmaker
3,250,437
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Bruce

Thank you for stopping by and commenting on my post.

Good luck and success.

Lou Ludwig

Aug 15, 2015 02:09 PM #20
Ambassador
2,335,072
Robert Vegas Bob Swetz
Las Vegas, NV

Hello again Bruce and I have met many construction workers from Hawaii on the projects I work on.

Great people and there is a very large population of Hawiians  in Las Vegas ;o)

Aug 27, 2015 01:34 PM #21
Rainmaker
3,250,437
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Bruce

Thanks for stopping by and commenting on my post.

Good luck and success.

Lou Ludwig

Sep 20, 2015 12:50 PM #22
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Bruce.  So what's new in Waikiki these days?  Haven't seen a post in a while.

Sep 20, 2015 08:40 PM #23
Rainmaker
5,681,564
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Home sellers and home buyers will appreciate your local market report.

Sep 20, 2015 10:54 PM #24
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Bruce Hicks

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