Oahu March 2020 Housing Inventory Snapshot

By
Real Estate Broker/Owner with Hawaii Dream Realty LLC RB-19372
I hope you will find the following snapshot of local Real Estate inventory interesting. Click on the inventory category to see current listings. The table represents aggregated values based on MLS data for the specified date.
Housing Inventory Snapshot  March 31, 2020
  Average List Price Average Sold Price Average DOM: active listings Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M $1,021,281 $897,970 84 661
Click to Search Single Family over $1M $4,679,961 $3,449,111 137 205
Click to Search Condo/Townhome under $500K $392,253 $427,785 101 1,410
Click to Search Condo/Townhome over $500K $1,719,873 $1,431,714 142 473

Oahu home sale statistics for March released Monday largely don’t reflect dramatic impacts happening now, including sellers postponing sale efforts, buyers not being able to complete purchases because of income losses, and a prohibition on open houses. However the mortgage market is creating pressure on buyers to act while interest rates are likely at their lowest level for the foreseeable future.

In March, the number of residential property sales on Oahu rose for single-family homes and fell for condominiums, while median sale prices rose less than 4%, according to data from the Honolulu Board of Realtors.

There were 303 single family home sales last month, up 9.8% from 276 in the same month last year. Condo sales fell 12.2% to 410 from 467 in the same period.

The median price for single-family houses sold in March edged up 3.5% to $810,000 from $782,500 a year earlier. The condo median sale price achieved a 1.4% bump to $435,000 from $429,000 in the same period.

If you know someone who is considering buying or selling a home, please give me a call. While open houses are eliminated due to COVID-19 precautions, our digital marketing strategy and distributed print media ensures that your listing gets exposure. I provide professional and courteous service along with knowledgeable guidance through the process. If you want to know what your home is worth in the current market Click Here or for more personalized service contact me directly at 808-223-0429. 

 

Posted by

Aloha and Mahalo,

Theresa Harden
Principal Broker e-PRO, SFR, Realtor

Direct: (808) 223-0429
Office: (808) 735-2221
Toll Free (866) 800-7250
Windward Oahu (808) 234-5880

eFax: (866) 405-4274

Skype: theresa.harden
Oovoo: hawaii_realtor

EXIT Real Estate Associates
Waikiki Sales Office
2463 Kuhio Ave. C1
Honolulu, Hawaii 96815

Search for Oahu Real Estate For Sale www.ExitRealtyHonolulu.com

Oahu Property Management Services www.OahuRentalServices.com

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Rainmaker
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

Apr 07, 2020 11:15 PM #1
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing what's been going on in Honolulu County. It's always interesting to see how other markets are doing.

Apr 08, 2020 03:35 PM #2
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Theresa Harden

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