OAHU SINGLE-FAMILY HOME SALES POWERS UP IN SEPTEMBER

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

Oahu Median Prices September 2019

 

OAHU SINGLE-FAMILY HOME SALES POWERS UP IN SEPTEMBER

  

HONOLULU (October 6, 2019) — Sales of single-family homes increased by double digits in September from 2018 according to resale 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
September 2019   347 $777,000  
September 2018   309  12.3% $812,500   -4.4%

 

Condominium Resales

  Number of Sales Median Sales Price
September 2019   466 $445,000  
September 2018   511  -8.8% $428,000  4.0%

 

During September, single-family home sales increased by 12.3 percent with 347 closed sales and the median price was $777,000, a decline of 4.4 percent from last September’s record high of $812,500. Third quarter single-family home sales increased by 8.7 percent over the same period in 2018, bringing the year-to-date sales to 2,774, up slightly by 0.8 percent. The year-to-date median price dipped by a half percent to $785,000. Active listings for single-family homes increased by 13.7 percent and new listings were up by 16.2 percent.

 

Condominium sales softened in September, declining by 8.8 percent, while the median price increased by 4.0 percent to $445,000. Year-to-date condominium sales decreased by 6.7 percent in September 2019, and the year-to-date median price dipped marginally by one percent to $425,000. New listings increased by 7.8 percent and active listings grew by 18 percent.

 

“Oahu’s single-family home market performed strongly through the third quarter of 2019,” said Jenny L. Brady, President of the Honolulu Board of REALTORS®. “Year-to-date sales are at levels comparable to 2018 and the Oahu median sales prices remains stable. In September, we saw a nearly 49 percent increase in sales of mid-priced single- family homes in the $500,000 to $699,999 price range, which contributed to the decline in the median and average sales price. In contrast, there was a 14.5 percent decrease in mid-priced condominiums in the $300,000 to $599,999 price range last month.”

 

 

For Expert Sales and Property Management in Honolulu,

CONTACT HI Pro Realty TODAY!

 

 

Note:

The information contained in this report is provided to the National Association of REALTORS® and the Hawaii State Department of Economic Development, Business and Tourism for its official reports. This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow.

 

 

 

 

Posted by

 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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Kimo Stowell

REALTOR Associate® RS-76763 - Honolulu Hawai'i
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