Oahu Housing Sales Bloom in April, up 10% in 2019

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
https://activerain.com/droplet/5jgZ

 Oahu Median Prices April 2019

 

OAHU HOUSING SALES BLOOM IN APRIL, UP 10% IN 2019 

 

Oahu’s housing market increased in sales volume, according to resales figures released this week by the Honolulu Board of REALTORS®. The analysis conducted by the Board using data collected from its computerized Multiple Listing Service (MLS) system show the following statistics: 

 

Single-Family Home Resales

  Number of Sales Median Sales Price
February 2019 318  $766,750  
February 2018 289  10% $790,000  -2.9%

 

Condominium Resales

  Number of Sales Median Sales Price
February 2019 476   $418,950  
February 2018 547  -13% $416,000  .07

 

During April 2019, the sales of single-family homes increased by 10.0 percent, while condominium sales decreased by 13.0 percent from April 2018. The median price paid for single-family homes decreased by 2.9 percent from the same month last year to $766,750, while the median price paid for condos increased to $418,950, a 0.7 percent increase from last April. Active listings increased year-over-year for both single-family homes and condominiums with gains of 30.6 percent and 17.6 percent, respectively. According to the Days on Market indicator, the median days for single-family homes was 25 and 29 for condominiums.

 

 “After a slow first quarter that saw a decline in housing sales, but steady median prices, the Oahu market experienced positive activity in April with a 10 percent increase in single-family home sales,” said Jenny L. Brady, President of the Honolulu Board of REALTORS®. “Low mortgage interest rates, coupled with more inventory on the market compared to last year, presented better opportunities for potential homebuyers and spurred more of them to buy. While condo sales were down comparatively, there was still a healthy number of condo units sold in April.”

 

 

 

For Expert Sales and Property Management in Honolulu,

CONTACT HI Pro Realty TODAY!

 

 

 

 

 

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 HI Pro Realty - PET FRIENDLY HONOLULU REALTOR, PROPERTY MANAGEMENT

 

HI Pro Realty LLC - REALTORS®, PROPERTY MANAGERS® is a boutique brokerage firm offering responsive, dedicated, and professional Real Estate Sales and Management Services in Honolulu, Hawaii. 

 

 

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Rainmaker
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Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Wow Kimo Stowell 10% that is a big number and thanks for sharing with us. You sound like the go to Realtor in Oahu. Jeff 

May 06, 2019 03:20 PM #1
Rainmaker
720,625
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, I wish I was the go -to Realtor on Oahu, alas, I'll settle for being a knowledgeable local Realtor you can trust. Thanks for the visit  

May 07, 2019 12:36 PM #2
Rainmaker
2,477,290
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's valuable real estate market data for home buyers and sellers on Oahu, Kimo.

May 07, 2019 04:37 PM #3
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Rainmaker
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Kimo Stowell

REALTOR Associate® RS-76763 - Honolulu Hawai'i
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