Oahu Median Home Sale Prices Break Records in July:

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

Oahu Median Prices July 2019

 

OAHU MEDIAN HOME SALE PRICES BREAK RECORDS IN JULY:

 

 

Sales in Oahu’s housing ticked up in July 2019 with median home sales prices breaking records, 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
July 2019   372  $835,000  
July 2018   330  12.7% $789,500   5.8%

 

Condominium Resales

  Number of Sales Median Sales Price
July 2019   513 $461,500  
July 2018   502  2.2% $429,500  7.5%

 

During July 2019, single-family home sales increased by 12.7 percent and condominium sales ticked up by 2.2 percent from the same month last year. Median prices also increased moderately, setting new records. The median price for single-family homes increased by 5.8 percent to $835,000, passing the previous record set in September 2018 at $812,500. The condominium median price also set a new record at $461,500, an increase of 7.5 percent from July 2018 and topping the $435,000 high of March 2018. While new listings in July 2019 were up modestly for both single-family homes and condominiums by 0.2 percent and 4.9 percent, respectively, overall active listings showed gains of 17.3 percent for single- family homes and 16.9 percent for condominiums. According to the Days on Market indicator, the median days for single-family homes was 17 and 26 for condominiums.

 

“This level of year-over-year sales increases was last seen in 2017,” said Jenny L. Brady, President of the Honolulu Board of REALTORS®. “The rise in sales numbers demonstrates robust contract signings over the last few months as buyers actively worked with their REALTORS® to close on offers. Lower mortgage interest rates may have enabled buyers to consider a slightly wider price range. A large portion of the year-over-year increases occurred at above-median price points. This July, there were 80 single- family homes that sold in the $900,000 to $1,199,999 price range, compared to 51 last year. For condominiums and townhouses in the $500,000 to $699,999 price range, there were 149 sold this July compared to 106 last year.”

 

 

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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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.

Aug 07, 2019 06:30 PM #1
Rainmaker
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Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Myrl Jeffcoat mahalo for stopping by!

Aug 09, 2019 12:17 PM #2
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Rainmaker
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Kimo Stowell

REALTOR Associate® RS-76763 - Honolulu Hawai'i
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