Local Market Update -
The Makiki and Moiliili Neighborhoods of Honolulu - July 2016
Single Family Homes |
July |
Year to Date |
2016 2015 Change |
2016 2015 Change |
|
New Listings |
12 / 22 -45% |
89 / 110 -19% |
Closed Sales |
13 / 10 30% |
69 / 56 23% |
Median Sales Price |
$1,110,000 / $1,087,500 2% |
$1,095,000 / $1,157,500 -5% |
Percent of Original List Price Received |
92.5% / 96.8% -4% |
100.0% / 96.6% 4% |
Median Days on Market Until Sale |
38 / 35 9% |
34 / 25 36% |
Inventory of Homes for Sale |
39 / 60 -35% |
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Condos |
July |
Year to Date |
2016 2015 Change |
2016 2015 Change |
|
New Listings |
74 / 104 -29% |
518 / 507 2% |
Closed Sales |
50 / 54 -7% |
375 / 331 13% |
Median Sales Price |
$361,000 /$322,500 12% |
$370,000 / $342,000 8% |
Percent of Original List Price Received |
98.2% /92.9% 6% |
97.6% / 99.1% -2% |
Median Days on Market Until Sale |
23 / 29 -21% |
21 / 22 -5% |
Inventory of Homes for Sale |
213 / 27 689% |
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With historically low interest rates now is the time to buy!
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