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).
Low 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 down 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.
Curious 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 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.